Codeless test automation platform Virtuoso raises $ 13M

London-based Virtuoso, a startup offering code-free enterprise automation solutions, announced today that it has raised $ 13.3 million in a Series A round led by Paladin Capital. The company will use the investment, which was also contributed by Mubadala Capital and a few existing investors, to further develop its automation platform and expand its sales team.

Although test solutions have been around for a while, they have not been able to keep up with the rapidly evolving lifecycle of app development. In Capgemini’s 2019-2020 World Quality Survey, more than half of the organizations said they lacked the right tools for testing and could not automate to the required level. As many as 60% also said that cost was the biggest challenge for quality assurance. The tools and automation figures were slightly improved in next year’s report, but the cost aspect had gotten worse, with QA budgets limited due to the pandemic.

On top of this, only 37% of the organizations said they got enough return on investment to make the automation effort possible.

Virtuoso’s intelligent automation platform

Founded by Adil Mohammed in 2019, Virtuoso offers a SaaS platform that leverages machine learning and robotic process automation to address such challenges. The solution uses an advanced NLP and capture engine to enable coders and non-coders to write automated tests in plain English and reduce the time it typically takes to test software for errors and omissions.

“You tell our bots what actions to perform, and bots commit. We tested this against real user data, and our bots’ accuracy exceeded 95%,” Mohammed told VentureBeat. “By setting up tests this way, you can really move to the left of the test by creating fully functional automated tests from requirements or wireframes, even before a single line code has been written. And by using ML, we ensure that the tests are self-maintaining, so the effort required to keep them up to date is basically zero. The tests are then performed in the cloud. “

Virtuoso claims that their platform can reduce testing time by up to 10 times and reduce QA costs by a significant 80-90%. Several large companies have already embraced the solution, including Jato, Macmillan Learning and Harbr.

Competing companies such as Mabl, Leapwork, Testim, Accelq and Functionize are also active in the field of test automation. However, Mohammed says the market is currently very fragmented, with a majority of companies offering man-made solutions characterized by a high degree of manual testing and non-system-driven automation with little or no ML or RPA.

“Virtuoso is far ahead of the curve in terms of versatility, the technological stack (execution and implementation speed) and ease of use,” he said, noting that the ability to explore and test applications on a scale and autonomously using bots is unique in the market. “It lets you do as much without code as you could with code. This point basically sets us apart from the other test automation players.”

Long-term vision

With the funding, Virtuoso will further develop the SaaS platform and transform it into a completely autonomous test solution with little or no human interaction.

“The first step in that vision is to create a truly code-free and intelligent test automation platform, which we have done now. We have some major releases on the way over the next 12 months that will advance us towards our long-term vision of autonomous testing, ”said Mohammed without sharing specific details. The company plans to grow its market share in the US while taking the product to software and test teams in new markets with support from Paladin and Mubadala Capital.

According to Markets and Markets, the global software testing automation market is expected to grow from $ 12.6 billion in 2019 to $ 28.8 billion in 2024.


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