PE Fund Investments
S'ware testing automation platform Opkey raises $47-M led by PeakSpan Capital
NCR, India- and Dublin, California (US)-based Opkey , a continuous test automation platform for enterprise systems, has raised USD 47 million in Series B funding led by PeakSpan Capital, with support from existing investors.By harnessing AI and machine learning, Opkey claims to reduce the time and effort needed for ERP testing. Its AI-powered assistant (Wilfred), utilising a patent-pending GenAI Test Mining algorithm, generates tests tailored to client-specific configurations and customisations.Opkey will use the funds to streamline cloud ERP transformation programmes, accelerate technological advancements and product development. The funding will also help the company grow its sales and marketing teams and expand its market presence globally. Opkey is also expanding its engineering and AI research teams at its Noida and Bangalore R&D centres to develop a category-defining product.Opkey claims to have more than 200 enterprise customers. The company also partners with large systems integrators like KPMG, Huron, and PwC to bring the power of AI to their implementation and managed services projects.
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