The Indian cloud computing service market is projected to grow at a CAGR of over 22% during 2015-2020, as per TechSci Research report. The recent development in this market is that a web-based testing platform Browserstack that enables users to test local servers on the cloud through browsers has raised $50 million funding in series A round of funding led by venture capital firm Accel Partners.
In 2011, the Mumbai-based startup Browserstack was founded by Ritesh Arora and Nakul Aggarwal. The startup has opened their offices in Dublin and San Francisco. Over two million developers use this platform worldwide to rectify all the bugs there are in the coding of their software. The company has over 40,000 clients including Adobe, Microsoft, Twitter, Airbnb, Spotify, jQuery, and Amazon.
Arora said, This funding will allow us to invest in enhancing our testing infrastructure suite and expanding our enterprise go-to-market capabilities while maintaining our extraordinary growth trajectory, especially in the North American market, where we expect to increase our presence significantly over 2018.
Both Accel Growth and Accel India took part in the funding round and this is the first time that startup has raised funding in its lifetime.
Ryan Sweeny, Partner at Accel Partners, said, Accel has a long history of empowering developers, with investments in global companies.BrowserStack also puts an emphasis on making developers lives easier through its powerful and intuitive products. The rapid growth of software development combined with shorter software release cycles has put an emphasis on efficient testing processes.