SeaLights, the Israel and Texas-based developer of its branded Software Quality Governance Platform, has raisd $30m in a Series B funding round that has included Deutsche Bank’s venture capital arm.
Led by Red Dot Capital Partners, SeaLights’ backers also include Translink Capital, and Shasta Ventures, as well as existing investors Blumberg Capital, Cisco Investments, TLV Partners and Wipro Ventures.
SeaLights says its cloud-based solution employs machine learning to provide customers with full visibility into every potential quality risk associated with their software changes in real-time, enabling them to make faster data-driven release decisions.
“SeaLights is solving a real problem that has challenged companies for years,” said Gil Perez, Deutsche Bank Chief Innovation Officer and Head of Corporate Venture Capital Group. “We look forward to collaborating with SeaLights to advance their product roadmap while catering to targeted needs of specific industries such as financial services.”
As part of this new financing round, Barak Salomon and Atad Peled of Red Dot Capital Partners will join the board of directors.
Powered by advanced Machine Learning, SeaLights’ cloud-based solution provides customers with full visibility into every potential quality risk associated with their software changes in real-time.
“With the widespread adoption of DevOps, traditional software quality management is no longer fit for purpose. This is something we witnessed first-hand with customers from diverse industries, including finance, retail, insurance, telecommunications, and computer software,” said Eran Sher, SeaLights’ CEO and co-founder.
“These organizations have been modernizing their engineering toolsets, cloud infrastructures, and microservices architectures, and require a new approach that includes data analytics and actionable insights to deliver quality at speed.”