Katalon Raises $27m in series A funding led by Elephant Partners

June 29, 2021 - 11:24

Katalon, Inc., provider of a test automation platform, announced on June 28 it has raised US$27 million in series A funding.

Katalon staff at a meeting in their office in Việt Nam. — Photo courtesy of the company

HCM CITY — Katalon, Inc provider of a test automation platform, announced on Monday it has raised US$27 million in series A funding.

The lead investor is Elephant Venture Capital, a US venture capital firm focused on enterprise software, consumer internet and mobile markets.

The money will be used to grow the leadership team, accelerate the delivery of Katalon’s roadmap and expand go-to-market capabilities.

“Software is a crucial driver of business innovation and a key competitive tool for many enterprises” Vu Lam, its CEO, said.

“Katalon’s mission is to help companies release software at a faster pace with high quality”

The company recently launched the TestOps test orchestration platform to streamline the continuous testing process, and is working on features that will help make testing more efficient by leveraging AI capabilities.

Katalon, whose product operations centre is in Việt Nam, has a presence in over 160 countries. — VNS

Tags Series A funding test automation platform

Long An builds investment policies to develop its international port into a logistics hub

Economy

Việt Nam stock market kicks off the final week of November with gains

Economy

Bắc Giang targets breakthrough economic growth and regional cooperation by 2025

Economy

Việt Nam named among the 30 largest export economies

Economy

Code of conduct issued for real estate brokers

Economy

Việt Nam, Bulgaria look toward to new heights in trade volume

More on this story

Economy

Actis to invest over US$20 million in An Phát 1 Industrial Park

Actis – a leading global investor in sustainable infrastructure will invested more than US$20 million in An Phát 1 Industrial Park to own 49 per cent of the company’s shares.

Economy

Vietnamese iron and steel exports to the EU soar

Iron and steel exports to the EU reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General Department of Customs.

Economy

Long An’s economic growth ranks 3rd in Mekong Delta

Long An Province’s economy in the first sixth months of the year saw positive development despite being hit hard by COVID-19, with its economic growth ranking third in the Mekong Delta, according to the provincial People’s Committee.

Economy

Đồng Nai reaches full-year FDI target by Q2

Đồng Nai Province has attracted nearly US$715 million worth of foreign direct investment so far this year, already exceeding its full-year target of $700 million.

Economy

IFC partners with SeABank to lending smaller and women-owned SMEs in Việt Nam

International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic

Economy

Vietnamese bananas gain a foothold in Japanese market

Vietnamese Goods Week in Japan ended on Saturday with Vietnamese bananas finding a foothold in what is often considered a picky market.

Economy

Careful consideration must be given to extending foreign ownership at petrol and oil business to 35%: Deputy PM

Deputy Prime Minister Lê Văn Thành has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35 per cent.

Economy

Blue-chips boost shares, VN-Index reaches 1,400

The market rose strongly on Monday with the VN-Index reaching 1,400 points as investors poured money into blue-chip stocks.

Economy

Vicostone's profit to soar 73% in Q2

The positive performance in April-June period allowed Vicostone to make the first dividend payment for 2021 in cash at the rate of 20 per cent, worth VND320 billion, the company said in a statement.