Smart Software acquires mobile testing platform pCloudy, raises $1M from YourNest
US-based Smart Software Testing Solutions Inc., an automated product testing startup, has acquired cloud-based smart mobile testing platform pCloudy.com. It has also raised $1 million (around Rs 6.8 crore) in pre-Series A round of funding from YourNest Angel Fund as part its expansion plan.
Angel investor Rajesh Sanghi also participated in this round of funding.
The value of the deal was not disclosed by the two companies.
Smart Software was founded in 2015 by Pankaj Goel, Lalit Jain and Avinash Tiwari, who have previously worked as software testing experts at Oracle, Adobe, HCL Technologies and Wipro. The Smart Software leadership team had founded CresTech Software Systems in 2006.
Founded in 2012, pCloudy is a cloud-based, plug and play app testing platform catering to mobile businesses, e-commerce companies and large enterprises.
The cloud-based on-demand service saves nearly 50 per cent of the time and costs for large enterprises, said Avinash Tiwari, director, pCloudy, in a statement.
"We are fortunate to have Your Nest and Dr Rajesh Sanghi to back us as we continue to grow at a high rate, with the demand for our services increasing month-on-month," he added.
Bangalore-based Pcloud Design Labs Pvt Ltd, which runs pCloudy, claims to be addressing one of the biggest pain points faced by mobile startups -- device fragmentation -- by providing an analytics driven platform for manual and automated testing of apps on hundreds of real devices.
Smart Software also has a test automation product, OpKey, which simplifies the tedious and ineffective process of mobile app testing while pCloudy targets the full testing lifecycle of mobile application software space.
"We see enormous growth potential in the app testing space of the mobile ecosystem that is driven by the spurt of smart phone usage, across the world. pCloudy is an intelligent platform that aims to empower the mobile app development and test teams with automated testing on cloud, saving time and cost significantly," Girish Shivani, co-founder, Your Nest Angel Fund, said.
YourNest is an angel fund operating with a corpus of Rs 90 crore ($13.5 million). US-based Northgate Capital last year came in as an investor and co-sponsor in YourNest. YourNest's portfolio companies Zipdial was acquired by microblogging giant Twitter last year. Another portfolio firm BookMyCab was acquired by Paytm-backed Jugnoo. YourNest has invested in startups such as mycity4kids.com, Proof of Performance, Uniphore Software, Simpli5D Technologies, GolfLan, BetaOut, arya.ai and Rubique.com.