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uTest raises $5 Million for Crowdsourced Bug Testing
By siliconindia
Bangalore: uTest, a crowdsourcing QA startup that lets companies rely on external developers to help them identify bugs, has closed a $5 million Series B funding round led by Longworth Venture Partners and Egan-Managed Capital, along with existing investors Mesco and Massachusetts Technology Development. The new round brings the startup's total funding to around $7.8 million after a $2.3 million Series A round last year and some early seed funding.
The site offers customers a web based platform and tools for monitoring testing and QA cycles, which are available to them free of charge (they only pay for the testing completed by the crowdsourced community). Community members are paid depending on the number and type of bugs they find, and the market price for bug-finds fluctuates depending on the number of bugs left to be found, the demand for testers, and other criteria. The uTest community has grown to 11,000 users. The company was founded in February 2007.