Despite 95 percent of CIOs expecting cyberthreats to increase over the next three years, only 65 percent of their organizations currently have a cybersecurity expert, according to a survey from Gartner. The survey also reveals that skills challenges continue to plague organizations that undergo digitalization, with digital security staffing shortages considered a top inhibitor to innovation ...
Cypress.io has secured $4 million in seed funding co-led by Las Olas Venture Capital (LOVC) and Bessemer Venture Partners.
Previous investors Tech Square Ventures, BLH Ventures and Buckhead Investment Partners supported the round. The investment will be used to accelerate product development, sales growth and market expansion. As part of the financing Esteban Reyes, founding partner of LOVC, has joined the Cypress board of directors.
Drew Lanham, CEO of Cypress, said: “This infusion of capital will allow us to continue building Cypress for our thriving community of passionate developers."
Reyes added: “Legacy solutions are slow, suffer from flakiness and don't provide rapid test result feedback loops. This limits the speed of product releases, increases costs of test suite maintenance and wastes valuable engineering time on debugging. Cypress solves all of those problems at scale and makes automating testing dead simple for developers,” he added.
"Cypress is rapidly becoming the go to solution for test automation of dynamic web applications,” said Bob Goodman, partner at Bessemer Venture Partners. “The dramatic speed of organic user adoption fueled by developer love for Cypress and the company’s customer-focused roadmap drove our investment decision.”