Tricentis, a well-supported testing automation platform renowned for assisting developers in identifying software bugs—with the added capability of artificial intelligence—has recently announced its acquisition of SeaLights. SeaLights stands out for its innovative approach to making automated testing more targeted and efficient by homing in on newly modified code.
Although the financial terms of the acquisition were not made public, it’s noteworthy that SeaLights, established in 2015, has secured $50 million in funding. This total includes a Series A investment of $30 million in 2021. Key investors in the company comprise Red Dot Capital, Deutsche Bank, Translink Capital, Shasta Ventures, Blumberg Capital, Cisco Investments, TLV Partners, and Wipro Ventures.
Eran Sher, CEO and co-founder of SeaLights, expressed excitement about the union with Tricentis, a forerunner in continuous testing and quality engineering. “Joining Tricentis marks a pivotal moment in our growth, broadening our horizons and impact. Together, we’re set to revolutionize software quality measures by enhancing their intelligence, efficiency, and dependability. Our pooled expertise will spearhead the next wave of quality intelligence, redefining industry benchmarks,” said Sher, who will take on the role of EVP and General Manager, Quality Intelligence at Tricentis.
SeaLights excels at continuously monitoring for code modifications and connecting tests to those alterations. The innovation doesn’t stop there; by employing machine learning, the venture also assesses the potential risk of the changes and ensures the involvement of a suitable testing solution for the new code.
Tricentis aims to integrate these functionalities to offer what it describes as “AI-enabled quality intelligence.” This will encompass features such as test impact analysis, quality risk assessment, and root cause exploration.
“Having established a leading position in the quality intelligence sector, particularly concerning SAP environments, integrating SeaLights’ capabilities enriches our holistic quality intelligence solutions across various applications and settings even further,” stated Kevin Thompson, CEO of Tricentis.
This transaction signifies the seventh takeover for Tricentis, with the most recent being the acquisition of Waldo, announced the previous July.
Compiled by Techarena.au.
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