SeaLights Announces $30 Million Series B to Revolutionize Software Quality at Scale
Comprehensive visibility of software quality risks across the entire development life cycle makes SeaLights a must-have for DevOps teams
SeaLights, developer of the Software Quality Governance platform, announced today that it has secured a $30 million funding round led by Red Dot Capital Partners with the participation of Deutsche Bank, Translink Capital, and Shasta Ventures, as well as existing investors Blumberg Capital, Cisco Investments, TLV Partners and Wipro Ventures. This latest investment brings SeaLights’ total funding to $50 million. As part of this round, Barak Salomon and Atad Peled of Red Dot Capital Partners will join the board of directors.
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“We are very excited to join SeaLights on their mission to revolutionize software quality for DevOps teams in fast-paced environments,” said Barak Salomon, Managing Partner at Red Dot. “We are confident that with this experienced team and advanced technology, SeaLights will soon become one of the fastest-growing tech companies in the software, DevOps, and QA markets.”
SeaLights has innovated a radically new approach known as Software Quality Governance to underscore the enormous demand by organizations developing software to deliver quality at speed. “SeaLights is solving a real problem that has challenged companies for years,” said Gil Perez, Deutsche Bank Chief Innovation Officer and Head of Corporate Ventures Capital Group. “We look forward to collaborating with SeaLights to advance their product roadmap while catering to targeted needs of specific industries such as financial services.”
Powered by advanced Machine Learning, SeaLights’ cloud-based solution provides customers with full visibility into every potential quality risk associated with their software changes in real-time, enabling them to make faster data-driven release decisions.
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“With the widespread adoption of DevOps, traditional software quality management is no longer fit for purpose. This is something we witnessed first-hand with customers from diverse industries, including finance, retail, insurance, telecommunications, and computer software,” said company CEO and co-founder, Eran Sher. “These organizations have been modernizing their engineering toolsets, cloud infrastructures, and microservices architectures, and require a new approach that includes data analytics and actionable insights to deliver quality at speed.”
