QA Financial Forum London | 11 September 2024 | BOOK TICKETS
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Kobiton Secures $3 Million in Seed Funding Round

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Kobiton, a mobile app testing specialist, has secured $3 million in a seed funding round led by Kinetic Ventures with participation from KMS Technology and Service Provider Capital. Founded by QA Symohony founders George Lieberman and Vu Lam, the mobile testing’s USP is that it centralises mobile app testing across public, local and private devices, reducing the time and cost of bringing mobile apps to market. Its customers include large retail, financial services, creative development and travel companies. The company claims it has experienced a 700-percent increase in monthly recurring revenue since June 2017 and has more than 370 customers, 25,000 users on its platform, and is on pace to exceed one million test minutes in 2018 alone. “Kinetic Ventures has long recognized the need for organizations to adopt a ‘mobile-first’ philosophy,” says Nelson Chu, Managing Director at Kinetic Ventures. “Kobiton is perfectly positioned to seize this mobile momentum and ensure that organizations deliver perfect mobile experiences, lower app abandonment and improved app quality. We look forward to partnering with Kobiton as they further scale their customer base and product line.”