{"id":16304,"date":"2019-03-27T15:43:56","date_gmt":"2019-03-27T15:43:56","guid":{"rendered":"https:\/\/www.devopsonline.co.uk\/?p=16304"},"modified":"2019-03-27T15:58:58","modified_gmt":"2019-03-27T15:58:58","slug":"sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/","title":{"rendered":"Sauce Labs secures \u00a337.8m in growth funding from Riverwood Capital"},"content":{"rendered":"

Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (\u00a337.8m) in growth funding from Riverwood capital, according to a press release<\/a> published on Tuesday (March.26th<\/sup>).<\/p>\n

Sauce Labs plans to use the investment to accelerate its core business growth and its investment in research and development, as they pursue strategic growth opportunities.<\/p>\n

In conjunction with the funding, Jeff Parks from Riverwood Capital will join the Sauce Labs board of directors.<\/p>\n

Business growth<\/h3>\n

\u201cAs leading digital brands increasingly emphasise rapid delivery of flawless web and mobile applications<\/a>, the global continuous testing market continues to grow and evolve,\u201d said Charles Ramsey, CEO, Sauce Labs.<\/p>\n

\u201cWith this new round of funding from Riverwood, Sauce Labs is well positioned to continue its rapid growth. We look forward to expanding our solution set, delivering innovations that define the future of continuous testing, and accelerating our customers\u2019 digital journeys.\u201d<\/p>\n

The move comes at a time when digital transformation is driving a massive shift to DevOps-oriented, agile development processes. According to an IDC study, the worldwide DevOps software market forecast is to reach $8bn (\u00a36m) by 2022, with a CAGR of 15.7%.<\/p>\n

As more organisations undergo this major change to the way they develop and deliver applications, continuous testing has emerged as a lynchpin of the modern software delivery lifecycle process.<\/p>\n

According to research from Forrester, 68% of agile teams now include testers, and quality has become an important metric that dev teams use to measure the quality of their service or product.<\/p>\n

Riverwood Capital<\/h3>\n

\u201cFrom day one, we were impressed by Sauce Labs\u2019 history of market leadership, its commitment to engineering excellence, the passion of its employees and the loyalty of its customers,\u201d said Jeff Parks, Co-Founder and Managing Partner, Riverwood Capital.<\/p>\n

\u201cWe envision a day in the not-too-distant future in which every company in the world invests heavily in continuous testing, and we\u2019re thrilled to partner with Charles and his world-class management team to help take Sauce Labs and its customers to new heights.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (\u00a337.8m) in growth funding from Riverwood capital, according to a press release published on Tuesday (March.26th). Sauce Labs plans to use the investment to accelerate its core business growth and its investment in research and development, as they pursue strategic growth opportunities. In conjunction with…<\/p>\n","protected":false},"author":16,"featured_media":10696,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[3239],"tags":[286,558,67,72,3316,786],"yoast_head":"\nSauce Labs secures \u00a337.8m in growth funding from Riverwood Capital - DevOps Online North America<\/title>\n<meta name=\"description\" content=\"Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (\u00a337.8m) in growth funding from Riverwood capital.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sauce Labs secures \u00a337.8m in growth funding from Riverwood Capital - DevOps Online North America\" \/>\n<meta property=\"og:description\" content=\"Sauce Labs, the San-Francisco-based cloud testing vendor, has secured $50m (\u00a337.8m) in growth funding from Riverwood capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"DevOps Online North America\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T15:43:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-27T15:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/10\/devopsmoney-640x400.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Islam Soliman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:site\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Islam Soliman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\"},\"author\":{\"name\":\"Islam Soliman\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/person\/5179de244c12728e1bc856c4104b32de\"},\"headline\":\"Sauce Labs secures \u00a337.8m in growth funding from Riverwood Capital\",\"datePublished\":\"2019-03-27T15:43:56+00:00\",\"dateModified\":\"2019-03-27T15:58:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\"},\"wordCount\":338,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/devopsnews.online\/#organization\"},\"image\":{\"@id\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/10\/devopsmoney-640x400.png\",\"keywords\":[\"agile\",\"continuous testing\",\"DevOps\",\"investment\",\"riverwood capital\",\"Sauce Labs\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\",\"url\":\"https:\/\/devopsnews.online\/sauce-labs-secures-37-8m-in-growth-funding-from-riverwood-capital\/\",\"name\":\"Sauce Labs secures \u00a337.8m in growth funding from Riverwood Capital - 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