Digital infrastructure solution provider Digital.ai said it has appointed an industry veteran Mike Davey as its new chief revenue officer (CRO). The hire comes as the Raleigh, North Carolina-based startup is expanding rapidly within the financial services space.
Prior to Digital.ai, Mike Davey was the VP of sales for the Americas at Sonatype for nearly a decade.
He will be responsible for the planning and execution of global revenue operations and will oversee sales, customer success managers and strategic partnerships.
Davey brings three decades of experience building and growing sales teams and offers a blend of enterprise digital transformation experiences, including expertise in business intelligence, AI-augmented development, DevSecOps, and software supply chain, stressed chief executive officer Derek Holt.
“Davey’s leadership will help navigate us into our next phase of growth as we continue to innovate on our AI-powered DevSecOps platform to meet our customers where they are in their journey,” he added.
Favourite among banks
Digital.ai has been making somewhat of a name for itself within the financial services space in recent years.
The rapidly growing, Raleigh, North Carolina-based startup claims it currently serves eight of the top 10 U.S. and European banks, as well as four of the five largest insurance companies across the U.S.
It currently has around 1,000 employees, serving about 900 clients worldwide, providing services that range from application lifecycle management to application release automation and continuous testing to app security and threat analytics.
The appointment comes only weeks after Digital.ai developed and launched a new automated software testing solution that is powered by AI and should make it easier to develop and deliver software systems.
At launch Digital.ai’s chief executive officer Holt warned that “the race is on” for firms to roll out AI-powered testing solutions as software testing applications are becoming more complex and security concerns are mounting rapidly.
Specially designed for complex systems and DevSecOps environments, Erawan, as the solution is called, is a programming testing solution that can help develop and govern different software infrastructures.
“As financial services funnel more investment into AI-augmented software development tools, this platform ensures the likelihood that real productivity gains will materialise and result in measurable benefits to the business,” claimed Holt.
He stressed that “the race is [also] on” for businesses to leverage copilots for a competitive edge, at the same time, software testing applications are becoming more complex, security concerns are mounting.”
“The bar for continuous innovation keeps rising, placing constant pressure on development teams,” Holt concluded.
European market
Digital.AI made headlines over the summer as the firm is making pushing further into the relatively hard-to-crack French market, thereby giving its European presence a major boost.
Groupe BPCE, the second-largest banking group in France, recently completed a major software quality assurance project with Digital.ai.
The bank confirmed to QA Financial it had finished a multi-year QA upgrade that was carried out by the US-based company.
“In the ever-evolving digital landscape of banking and finance, adaptability and reliability are paramount. Accelerating delivery timelines became imperative,” the bank explained its decision to revamp its QA framework and hire Digital.ai.
“With over 100,000 employees and a diverse portfolio of services, including Banque Populaire and Caisse d’Épargne, BPCE sought to revolutionise its testing methodologies to meet the demands of digital transformation,” the financial institution added.
As part of a new digital initiative, BPCE embarked on a journey to enhance its web and mobile applications to meet customer demands effectively, the bank shared with QA Financial.
However, “relying solely on manual testing proved insufficient,” BPCE wrote. “The process lacked standardisation, consistency, and, crucially, traceability, essential in the stringent compliance landscape of banking,” it explained.
To address these challenges the French banking giant turned to Digital.ai and Josselin Besnier, testing service manager at BPCE, who spearheaded the adoption of the software firm’s continuous testing.
“The platform offered comprehensive automated testing capabilities across multiple operating systems and mobile devices, crucial for BPCE’s diverse testing needs,” Besnier shared.
“With features tailored to support agile methodologies and real device testing, Digital.ai Continuous Testing emerged as the solution of choice for BPCE,” he wrote.
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