Tricentis Raises $165 Million

The software testing vendor Tricentis has announced that it has raised $165 million in Series B financing from Insight Venture Partners, a leading global private equity and venture capital firm.

Tricentis has more than 400 companies in its client list, including HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange and UBS. Its software testing solution, Tosca Testsuite, consists of a Model-based Test Automation and Test Case Design approach, encompassing risk-based testing, test data management and provisioning and service virtualization.