QMetry Inc., a leading QA products company offering continuous testing platform, has signed a definitive agreement to raise series A funding through significant stake sale to Goldman Sachs Merchant Banking Division and one of Asia’s premier investment firms Everstone Group. QMetry will utilize this opportunity to expand its sales, marketing, customer support and product development efforts. The company can also leverage the investor firms’ relationships, and capabilities of their domain specific operating partners to further expand globally.
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“our continuous testing platform is already enabling quality outcomes for 1000+ customers across verticals like banking, financial services, healthcare services, technology, retail and media with some of the major brands as our customers.”
Manish Mathuria, Founder of QMetry, shared, “We are delighted. This is an important milestone for QMetry. With Goldman Sachs and Everstone Group as our valued partners, we are well-poised to fuel our market expansion and build products that delight our customers.” He added, “our continuous testing platform is already enabling quality outcomes for 1000+ customers across verticals like banking, financial services, healthcare services, technology, retail and media with some of the major brands as our customers.”
The market for software testing as per recent estimates is $34 billion according to Nelson Hall. DevOps adoption is on the rise with Gartner and Forrester reporting that transforming testing is a primary factor for DevOps success. QMetry’s continuous testing platform includes QMetry Test Management, QMetry Automation Studio and QMetry Test Management for Jira (a Jira App in Atlassian Marketplace) with focus on Test Management, Test Automation and Quality Analytics.
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“QMetry has carved out a niche in the software quality tools marketplace through its innovative products and go-to-market strategies,” said Harsh Nanda, a Managing Director in the Goldman Sachs Merchant Banking Division. “QMetry’s strong brand presence coupled with innovation will help its growing customer base to improve customer experience of their digital offerings.”
Avnish Mehra, Senior Managing Director at Everstone Group said, “QMetry is on the path to become a leader in the continuous testing tools’ ecosystem with its leading continuous testing platform designed for Agile & DevOps teams and its drive to harness AI/ML to deliver better quality faster.”