Progress announced the completion of the acquisition of ShareFile, a business unit of Cloud Software Group, providing a SaaS-native, AI-powered, document-centric collaboration platform, focusing on industry segments including business and professional services, financial services, industrial and healthcare.
Rainforest QA raised $25 million in Series B funding, bringing the company’s total funding to $41.2 million.
Silicon Valley Bank, Bessemer Venture Partners, Sutter Hill Capital, Rincon Ventures, and Initialized Capital all participated in the round. Rainforest will use the new funds to accelerate sales and marketing and further expand its platform so development teams can assure the best possible user experience at the speed of continuous delivery.
“The way we build software has dramatically changed over the last 10 years, but development teams are still doing QA the same way,” said Fred Stevens-Smith, CEO of Rainforest. “We’ve spent the last five years helping hundreds of companies completely disrupt the old QA model and ship better digital products much faster. This new funding puts Rainforest in a great position to sustain our rapid growth and help even more companies get one step closer to delivering bug-free software at the speed of continuous delivery.”
“Rainforest QA’s rapid growth is a testament to the tremendous value they bring to even the world’s most advanced software companies,” said Byron Deeter, top cloud investor and partner at Bessemer Venture Partners. "Similarly to how Twilio has disrupted communications by leveraging the cloud, Rainforest is disrupting software development by solving quality assurance (QA), one of the major pain points for development teams today. This world-class team is enabling software companies to ship product faster and we are excited to continue to support their next stage of growth.”
Rainforest’s on-demand QA solution uses machine learning algorithms to constantly monitor results and testers for accuracy so that developers can focus on the highest value initiatives.
Industry News
Incredibuild announced the acquisition of Garden, a provider of DevOps pipeline acceleration solutions.
The Open Source Security Foundation (OpenSSF) announced an expansion of its free course “Developing Secure Software” (LFD121).
Redgate announced that its core solutions are listed in Amazon Web Services (AWS) Marketplace.
LambdaTest introduced a suite of new features to its AI-powered Test Manager, designed to simplify and enhance the test management experience for software development and QA teams.
StackHawk launched Oversight to provide security teams with a birds-eye view of their API security program.
DataStax announced the enhancement of its GitHub Copilot extension with its AI Platform-as-a-Service (AI PaaS) solution.
Opsera partnered with Databricks to empower software and DevOps engineers to deliver software faster, safer and smarter through AI/ML model deployments and schema rollback capabilities.
GitHub announced the next evolution of its Copilot-powered developer platform.
Crowdbotics released an extension for GitHub Copilot, available now through the GitHub and Azure Marketplaces.
Copado has integrated Copado AI into its Community to streamline support and accelerate issues resolution.
Mend.io and HeroDevs have forged a new partnership allowing Mend.io to offer HeroDevs support for deprecated packages.
Synechron has acquired Cloobees, a Salesforce implementation partner.
Check Point® Software Technologies Ltd. has been named as one of the World’s Best Employers by Forbes for the fifth year in a row.
Opsera announced its AI Code Assistant Insights.