Read the pitch deck developer startup BrowserStack used to raise a $200 million Series B at a massive $4 billion valuation
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- Startup BrowserStack raised a $200 million Series B led by BOND for its DevOps testing software.
- Its platform tests software using a web app, so firms don’t need to build testing infrastructure.
- The company has signed on customers like Google, Amazon, Microsoft, Twitter, and Spotify.
Startup BrowserStack just raised fresh funding for its goal to make it faster and easier for developers to test their code through the cloud.
The firm announced a $200 million Series B round that values it at $4 billion, led by SF-based venture firm BOND with participation from Insight Partners and Accel.
BrowserStack said “over half of Fortune 500 companies” including Google, Amazon, and Microsoft use its platform to test their code using a simple web app rather than managing their own in-house infrastructure.
Cofounders Ritesh Arora and Nakul Aggarwal came up with the idea while solving a problem for another business they were working on together.
“Nakul and I have been working together for 20 years since college. We were geeks,” Arora told Insider via email. “The idea for BrowserStack came to us when we had built a website for our startup. It took us a couple of days to build the site, but we struggled to test in one of the most popular browsers at the time, Internet Explorer (IE). We did some research and realized that developers around the world faced the same problems.”
They realized that the solution they came up with could be its own product and company.
Developers can use BrowserStack’s platform to test their code on “over 2,000” various operating systems, browsers, or mobile devices to make sure it works everywhere. It essentially eliminates the need for companies to own, maintain, and scale in-house testing infrastructure.
The company plans to use the new funding to grow both the firm’s technology infrastructure and its employee base: It wants to double its headcount from 800 to 1,600 over the next 18 months.
“Our aspiration is to become a $1 billion annual revenue company by 2025,” Arora said. “We want to become the de facto test infrastructure for developers around the world.”