Kobiton Raises $5 Million Series A Led by BIP Capital

Kobiton has raised $5.2 million in new capital to continue growing its mobile app experience business. The round was led by BIP Capital, with support from Kobiton seed investors KMS Technology and Kinetic Ventures, and Jon Hallett, Ken Walters and Kevin Lee, CEO of Kobiton. Kobiton has raised over $8 million in total.

Kobiton launched in 2016 after being spun-out of KMS Technology’s incubator, Upstar Labs, which previously founded software testing companies QASymphony (acquired by Tricentis) and Katalon (a leading test automation platform and recognized as a Gartner Peer Insights Customers’ Choice). Kobiton’s mobile app testing platform improves the quality of mobile apps resulting in better user experiences and improved app store ratings, by offering manual and automated testing on real devices, in the cloud or on-premise.

Over 500 companies and 35,000 testers/developers have used Kobiton’s platform to-date. Its customers include Cap Gemini, Frontier Airlines, GreenSky, Office Depot and Q2.

Kobiton will use the funds to expand its sales, marketing, customer support and product development efforts. In particular, the company is in the process of adding new “Record & Playback” capabilities to its platform. Today, building automated test scripts for mobile requires extensive coding knowledge, typically in a framework called Appium. Kobiton is introducing the ability for a user to record a script by interacting with an app as a user would, then intelligently play back that script on hundreds of devices to identify issues and anomalies that may negatively impact the user experience (UX). This functionality will help companies rapidly adopt mobile test automation at scale.

“We view the caliber of investors as a vote of confidence in our business, our team and our product,” says Kobiton CEO Kevin Lee. “Having established ourselves as the leading real-device mobile testing platform, we’re expanding our offering with Record & Playback, the first mobile scriptless automation capability, to help organizations make the jump to automation. This investment validates our momentum and accelerates go-to-market for our new AI scriptless Appium automation technology.”

“Organizations are finding it challenging to adopt mobile test automation at scale,” says Dan Drechsel, SVP at BIP Capital. “The unique requirements of utilizing real-devices, coupled with the complexity of developing test automation scripts, has allowed, up to now, only the most sophisticated organizations to tackle this challenge. Kobiton is truly transforming mobile test automation by leveraging its vast experience in real-device testing and adding AI-powered scriptless test automation technology to its platform.”

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