Test automation platform Opkey has raised $47M in a Series B funding round led by PeakSpan Capital alongside contributions from existing investors.
Opkey, which offers a no-code testing platform for technical business users, will use this investment to streamline its cloud Enterprise Resource Planning (ERP) transformation programs and enhance its product’s AI capabilities.
What Is Opkey?
Opkey is a no-code test automation platform specifically designed for Salesforce users. It allows users to create and execute automated tests for Salesforce applications without the need for prior coding skills. The main goal for the business is to simplify the testing process for Salesforce users, making it more accessible and efficient.
Some other key features of Opkey include:
- An extensive pre-built test library: Opkey has 30,000+ pre-built tests, helping you stand up your program in a matter of weeks.
- An ERP-specific AI assistant: “Wilfried” is trained on a business-specific LLM and encourages users to use AI automation.
- Cross-browser testing: Opkey can run tests on mobile and in the cloud.
- No-code testing: As mentioned, anyone can use Opkey without needing to have used code before.
This investment marks the fourth significant financial investment made toward Salesforce DevOps in 2024, following the $8.2M funding round secured by Testsigma, $54M by Odaseva, and the acquisition of Flexagon from a private equity firm.
The Salesforce ISV ecosystem has enjoyed a vote in confidence this year – it’s clear that investors still see Salesforce as an important market that will grow and mature, despite the current conversation surrounding Salesforce’s future as a leading CRM.
What Are Opkey’s Investment Plans?
Opkey plans on using this successful funding round to enhance their existing products while increasing their outreach. Here’s a breakdown of their key focus areas:
- Accelerated product development: Boosting their AI capabilities as well as expanding their support for additional ERP platforms.
- Wider market presence: Growing the sales and marketing teams to establish a stronger global footprint, with a focus on increasing their teams in Noida and Bangalore.
- Invest in R&D: Pioneering the emerging “ERP Ops” category by providing a common data fabric for successful ERP transformation and modernization programs.
With this strategy, Opkey aims to empower CIOs, revolutionize the way enterprises approach ERP transformation, and drive innovation in the ERP testing space.
“This funding will allow us to further enhance our technology and expand our reach, helping more organizations seamlessly migrate their legacy ERP systems to the cloud while ensuring continuous quality and performance.”
– Pankaj Goel, CEO and co-founder of Opkey
Final Thoughts
This recent wave of investments in Salesforce DevOps is a huge positive for Salesforce. Despite questions surrounding Salesforce’s own growth and development, there’s still a keen demand for solutions that streamline DevOps processes within the ecosystem.
Make sure to leave your thoughts in the comments below!
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