[Funding] BrowserStack raises $200 Million in Series B Funding at a $4 Billion Valuation

BrowserStack has secured $200 million in Series B funding at a $4 billion valuation. BOND led the round, with participation from Insight Partners and existing investor Accel. The company is now also India's 15th unicorn in 2021. It also became the second SaaS unicorn in 2021 after Chargebee, which became a unicorn with a Series G fundraise of $125 million. BrowserStack aims to use the funds for strategic acquisitions, expansion of its product offerings, and continued scale and growth.

BrowserStack helps software testing on the cloud and help developers build bug-free software. It has 50,000+ customers and four million+ developer signups. “Companies today need to release software with speed and quality to remain competitive,” it said in a statement. “To do this, they have to adopt DevOps, test more, and test fast. However, for most companies, testing remains the key bottleneck in the DevOps cycle.”

We aim to simplify testing for developers and enable them to build and ship bug-free software: BrowserStack.

“We are going to double-down on solving new developer problems in the space of DevOps testing,” said Ritesh Arora, co-founder, and CEO of BrowserStack. “Our recent acquisition of Percy, a visual testing platform, was just the start. We will also accelerate the rate at which we take new products to market through acquisitions and investment in our Product and Engineering teams. We want to achieve our vision of becoming the testing infrastructure for the internet.”

“Our global footprint of 15 data centres allows us to serve every developer from a location as close as possible to them,” said Nakul Aggarwal, co-founder, and CTO of BrowserStack. “This reduces latency, which saves developers time, and helps them release fast. We will continue to invest in our platform to ensure every developer has an amazing experience.”

The company further added that developers of over half of the Fortune 500 companies use BrowserStack’s platform. Its customers include leaders such as Google, Amazon, Microsoft, Twitter, Tesco, IKEA, Spotify, Expedia, and Trivago. In the last three years, BrowserStack has more than tripled its employee base to 750+ across seven countries. It has also opened ten new data centres worldwide.

“As software continues to rewire everything, the bar on speed and quality continues to rise, and testing software across the expanding number of browsers and devices is a huge and expensive challenge for development teams to manage on their own,” says Jay Simons, General Partner at BOND. “BrowserStack makes this simple and cost-effective, giving developers instant access to the widest range of browser and device configurations to test their applications. This product is an absolute boon for today’s web and app developers.“