uTest Raises $43 Million for Crowdsourced Testing
The crowdsourced software testing startup uTest has raised $43 million in a round led by Goldman Sachs.
Farmington, Mass.-based uTest plans to rename itself Applause at the end of this quarter, it had previously announced, in a sort of slow-motion rebranding.
With 100,000 paid testers, uTest reviews product builds for companies including Google, Microsoft, Amazon, USA Today, Rolex, Box and Runkeeper.
The new Series E round wasn’t necessary, according to uTest CEO Doron Reuveni, but it should help the company improve its app quality evaluation tools, grow internationally, find more resellers and buy companies. Reuveni said he expects the company to go public in the next two to three years.
The round also included previous investors QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Mass Ventures, Egan-Managed Capital and Mesco.
UTest has 160 employees and offices in Seattle, New York, Los Angeles, Dallas and Warsaw, Poland. It has now raised a total of $80 million over five years.