Software program vetting startup QA Wolf comes out of stealth with $20M from Peter Thiel and others – GeekWire
QA Wolf, a startup that helps different corporations vet traces of code, emerged from stealth mode Wednesday after it raised $20.1 million to spice up its engineering core and advertising and marketing groups.
The Seattle-based startup compares its enterprise mannequin to third-party accounting companies, which go over an organization’s financials. However, fairly than scour spreadsheets, QA Wolf seems over a tech firm’s traces of code for potential bugs or vulnerabilities. The corporate mentioned it really works with clients starting from Y Combinator startups to multi-billion greenback enterprise corporations.
“With engineering expertise extra scarce and costly than ever earlier than, growth groups often don’t have the time or experience to write down and keep end-to-end checks in-house,” CEO and co-founder Jon Perl mentioned in an announcement. “Conventional QA corporations are like TurboTax: they make instruments to make the job simpler. We contemplate QA Wolf to be extra like an accountant.”
Perl co-founded QA Wolf in 2019 with Laura Cressman and Scott Wilson after the trio found the significance of software program accounting at well being and monetary tech startups. Perl beforehand labored as the pinnacle of expertise at dwelling providers reserving platform Dispatch and was the CTO of pharmacy provide chain agency Zipdrug. Cessman labored as a software program engineer lead at healthcare consulting startup Cityblock Well being, and Wilson was a director of progress advertising and marketing at dwelling safety startup Wyze Labs.
“In healthcare or fintech, for instance, transport a bug would possibly imply a mortgage not getting funded to an account or a prescription not being fulfilled,” Chris Brown, principal at Impressed Capital, mentioned in an announcement. “The stakes have by no means been increased.”
The demand for QA Wolf’s service has grown over the previous 9 months, with income up fivefold through the interval. The startup reportedly has greater than 50 clients, together with early-stage startups Vividly, Minno and Worksome, TechCrunch reported.
QA Wolf might want to compete with a rising variety of startups going after the software program testing market, equivalent to Autify, an AI-driven no-code software program check platform, together with Waldo and Sofy, each of which check software program for cell units.
The startup, which has a complete of 45 workers, has bootstrapped up to now, with the present fundraise fulfilling its complete funding so far. The spherical was led by Impressed Capital, with participation from Notation Capital and CoFound. Peter Thiel — who co-founded PayPal, Palantir Applied sciences and Founders Fund — additionally participated, amongst different notable angel traders.