New venture funding can mean many different things for a young company. Often, a fresh supply of money can allow for turning an idea into a prototype or spur taking a prototype to production. For Southborough’s uTest Inc., a software testing community, $13 million in Series C funding means expansion. (Image courtesy: http://bit.ly/emvhp)“We’ll be rolling out programs, training, and things of that nature that help with the skill level and help identify promising testers and make sure they get onramped to the right project,” Matt Johnston, uTest’s Vice President of Marketing and Community, said.
Back in 2007, when uTest was founded, the company announced its goal of “assembling a global army of testers.” uTest works by encouraging people from all over the world with programming experience to create accounts on its website. Next, uTest matches software testers with interested clients. From there, software testers are paid for every software bug they discover.
Much of uTest’s new funding will be put towards hiring community managers and in-house software engineers. Two objectives these new hires will be tasked with will be improving the software testing tools uTest provides to its community members and integrating uTest’s software with several common programs already used by its clients.
“This was a highly competitive situation, which is a testament to
our growth and execution, as well as our belief that all applications need to be tested in the wild,” said Doron Reuveni, CEO of uTest, in regards to his company’s recent round of funding. “By enabling software, media and retail companies to get their apps tested in as little as 48 hours – and for a fraction of the cost of traditional outsourced testing – uTest is leaving a lasting footprint on the testing industry.” (Image courtesy: http://bit.ly/aZGA5k)uTest’s business model seems perfect for moving towards meeting its goal of “assembling a global army of testers.” By only hiring a core of employees to improve infrastructure, and then matching online software testers with clients, the company truly can have a global reach without spreading itself too thin. Massachusetts is fortunate that uTest decided to employ its core of in-house employees here in the Bay State.
[Sources: http://bit.ly/98kuZ4, http://bit.ly/emvhp, http://huff.to/9iVJp0)
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