Sauce Labs, the vendor of continuous testing cloud solution, has announced that it has secured a $50 million growth investment from Riverwood Capital. In conjunction with the funding, Jeff Parks from Riverwood Capital will join the Sauce Labs Board of Directors.
Sauce Labs provides software testing solutions for multiple browser, OS and device. Its Continuous Testing Cloud provides development and quality teams with access to the test coverage, scalability, and analytics on virtual platforms or real devices. Sauce Labs claim that 2 million tests per day are running on its award-winning Continuous Testing Cloud platform and that it achieved record undisclosed total annual recurring revenue (ARR) in 2018, bolstered by a nearly 40 percent year-over-year increase. Sauce Labs is a privately held company funded by Toba Capital, Salesforce Ventures, Centerview Capital Technology, IVP, Adams Street Partners and Riverwood Capital.