Antithesis raises $47M to launch an automated testing platform for software [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
In a 2020 survey from Electric Cloud, 58% of developers blamed software bugs on test infrastructure and process issues -- not design defects. The market for software testing solutions is quite massive, unsurprisingly, with one estimate pegging it at $55.98 billion. There's plenty of vendors in the space, from startups like Qase EvaluAgent and Codegen to incumbents like Azure and AWS. But a new entrant, Antithesis , thinks it can make a splash. Antithesis, which emerged from stealth today, was founded by the team behind FoundationDB , the distributed database platform, which Apple quietly acquired in 2015. Following the Apple acquisition, the FoundationDB team dispersed to pursue other Big Tech company jobs, but eventually arrived at the same conclusion: Even sophisticated organizations lacked the software testing tools they needed to be more efficient. "So, five years ago, a number of us got back together to build Antithesis," Will Wilson, the co-founder and CEO of Antithesis,
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