Software Quality Governance platform SeaLights 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 Cisco, Wipro Ventures, TLV Partners, and Blumberg Capital, the company announced Tuesday.
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This 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.
Powered by advanced Machine Learning, SeaLights cloud-based solution provides its customers with full visibility into every potential quality risk associated with their software changes in real-time, allowing them to make faster data-driven release decisions.
"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."
"With the widespread adoption of DevOps, traditional software quality management is no longer fit for purpose. This is something we witnessed first-hand with our customers from a wide range of industries, including finance, retail, insurance, telecommunications, and computer software," said SeaLights co-founder and CEO Eran Sher.
The $30 million funding from SeaLights' investors will dramatically accelerate the growth of the company with plans to expand its team globally.
