Opkey, a San Francisco, CA-based AI-driven continuous test automation platform for enterprise systems, has raised $47 million in Series B funding.
Investors
The round was led by PeakSpan Capital, with ongoing support from existing investors.
PeakSpan Capital, with offices in New York City and Silicon Valley, is a growth equity firm dedicated to partnering with growth-stage software companies. They combine deep industry expertise with an active, collaborative approach to drive exceptional growth and value creation for entrepreneurs.
Opkey Use of Funds
This investment will accelerate Opkey's mission to streamline cloud ERP transformations, enhance AI capabilities, and expand support for more ERP platforms. The funds will enable Opkey to advance product development, grow its global sales and marketing teams, and invest in research to lead the emerging "ERP Ops" category.
About Opkey
Opkey provides AI-enabled, no-code test automation solutions for enterprise ERP systems. Founded in 2016, Opkey empowers organizations to accelerate their ERP modernization initiatives by simplifying and automating the testing process. With offices in Dublin, California, and worldwide, Opkey currently serves over 200 enterprise customers, including 72% of the Fortune 1000, and collaborates with major systems integrators like KPMG, Huron, and PwC.
Funding Details
Company: Opkey
Raised: $47.0M
Round: Series B
Funding Date: August 2024
Lead Investor: PeakSpan Capital
Additional Investors: Existing Investors
Company Website: https://www.opkey.com/
Software Category: Test Automation
Source: https://www.prweb.com/releases/opkey-secures-47-million-in-series-b-funding-to-revolutionize-cloud-erp-transformation-302228814.html