SeaLights, an Arlington, Virginia-based software quality governance platform, secured a $30 million Series B funding round. This brings SeaLights' total funding to $50 million.
The round was led by Red Dot Capital Partners, with the participation of Deutsche Bank, Translink Capital, and Shasta Ventures. Existing investors Cisco, Wipro Ventures, TLV Partners, and Blumberg Capital also participated in the round.
The Series B funding from SeaLights' investors will dramatically accelerate the growth of the company, with plans to expand its team globally.
Company: SeaLights Technologies Ltd.
Raised: $30.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Red Dot Capital Partners
Additional Investors: Deutsche Bank, Translink Capital, Shasta Ventures, Cisco, Wipro Ventures, TLV Partners, and Blumberg Capital
Company Website: https://www.sealights.io/
Software Category: Software Quality Governance platform
About the Company: SeaLights solves one of the biggest problems that most large organizations have, how to deliver better quality software at a faster speed. By providing unique insights inside an application and applying AI to identify quality risks. SeaLights, provides the visibility, traceability, and metrics needed to deliver software at the speed of DevOps. Powered by advanced Machine Learning, SeaLights' cloud-based solution provides its customers with full visibility into every potential quality risk associated with their software changes in real-time, allowing them to make faster data-driven release decisions.
Source: https://www.israelhayom.com/2021/10/19/sealights-software-quality-governance-platform-closes-30m-series-b/