Funding Co-Led by Las Olas Venture Capital and Bessemer Venture Partners to Accelerate Product Development and Market Expansion for Developer-Driven Testing Framework
Cypress.io, the next generation automated testing framework built for the modern web, announced that it has secured $4 million in seed funding co-led by Las Olas Venture Capital (LOVC) and Bessemer Venture Partners. Previous investors Tech Square Ventures, BLH Ventures, and Buckhead Investment Partners supported the round. The investment will be used to accelerate product development, sales growth and market expansion. As part of the financing Esteban Reyes, founding partner of LOVC, has joined the Cypress board of directors.
.@cypress_io announces $4 million funding for product development & market expansion of front-end test automation tools.
“Cypress was designed to fit seamlessly into DevOps workflows, making developers’ lives easier and enabling faster and more comprehensive test automation to dramatically accelerate software release cycles,” said Drew Lanham, Chief Executive Officer of Cypress.
Drew added, “This infusion of capital will allow us to continue building Cypress for our thriving community of passionate developers.”
“We’re very excited about investing in Cypress and believe the company is the future of test automation,” Esteban Reyes said.
Reyes added, “Legacy solutions are slow, suffer from flakiness and don’t provide rapid test result feedback loops. This limits the speed of product releases, increases costs of test suite maintenance and wastes valuable engineering time on debugging. Cypress solves all of those problems at scale and makes automating testing dead simple for developers,” he added.
“Cypress is rapidly becoming the go-to solution for test automation of dynamic web applications,” said Bob Goodman, Partner at Bessemer Venture Partners.
Bob added, “The dramatic speed of organic user adoption fueled by developer love for Cypress and the company’s customer-focused roadmap drove our investment decision.”
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