Singulr AI raised $5 million in a seed funding round led by ACE Ventures, with additional investments from F2 Venture Capital, Y Combinator, and 840 Venture Partners.
US expansion ahead
This capital injection will assist the first-ever AI test automation engineer in rolling operations across the US and help solve a major lack of test programmers for enterprises globally. This round is significant as the company plans on opening new US offices, increasing their current staff count by 15. This, in turn, will help larger enterprises launch products more rapidly through utilising virtual testers who can operate at scale, 24 hours a day.
Captures the software testing market
The software testing market shows no signs of slowing down, with figures from Technavio revealing that, globally, it is estimated to grow by 15.94 Billion Dollars by 2027. In addition, figures from Grand View Research show the global automation testing market is on course to grow at a compound annual growth rate (CAGR) of 17.3% from 2023 to 2030.
This is where Singulr AI comes into the scene. It is a generative AI software testing platform that provides advanced virtual testers to help companies achieve unparalleled quality in their digital products.
First-of-its-kind autonomous testing
The company was founded in 2023 by Tal Barmeir and Guy Arieli, who previously founded Experitest and developed its SeeTest SaaS digital test automation platform, which was eventually acquired by TPG and rebranded as Digital.ai.
It aims to disrupt the market through its human-like, autonomous testing agents. SaaS-based, its technology enables users to empower teams to prioritise more significant tasks, removing the bottleneck of test automation.
Singulr AI’s AI test engineer understands requirements and makes decisions on how to execute them, creating test automation code (playwright) and maintaining it autonomously. In addition, the AI test engineer has multilingual capabilities meaning it works with over 50 languages, increasing efficiency among websites and apps for banks, travel, airlines, retail, and more.
Speaking about this latest funding and the company’s plans for further growth, Singulr AI Co-founder Tal Barmeir said: “We are delighted to have received funding from such leading investors in the industry which will enable us to expand operations across the US. Singulr AI is already making waves in the software development sector, removing the test automation bottleneck and providing immediate feedback to developers which enables lightspeed time to market for new software products. This investment will facilitate further market expansion whilst solidifying Singulr AI’s position as a leader in the field of AI-driven autonomous software testing.”
Commenting on this latest investment, Sergey Gribov, General Partner at Flint Capital added: “Flint Capital is very selective when it comes to choosing startups for investment, focusing on companies it is ready to support on their long development journey. Singulr AI is a promising project both in terms of its product—GenAI software testing is in high demand on the market—and its founders, whose capabilities we trust. Tal Barmeir and Guy Arieli are successful founders who have exited with a product in a similar industry. We are confident that our collaboration will be long-lasting and successful.”
What do we think about Singulr AI?
Singulr AI is poised to revolutionise the software testing industry with its generative AI test automation platform, aiming to expand its operations across the US. The recent $5 million funding will support the company’s growth, including opening new offices and increasing its staff. Its With the global software testing market expected to grow significantly, Singulr AI is well-positioned to solidify its leadership in AI-driven test automation.
Learn more about Singulr AI.
