“BrowserStack has acquired Bird Eats Bug and has committed a total of $20 million to the deal… The investment includes upfront cash, equity and future investment for product development,” the company said in a statement.
He San Francisco and Mumbai-based Browserstack, founded by IIT Bombay alumni Ritesh Arora and Nakul Aggarwal, lets companies like Amazon, Microsoft, Nvidia and X test their software in the cloud. Bird Eats Bug is Browserstack’s fifth app. acquisition.
Profitable since its inception, Browserstack said Mergers and acquisitions (M&A) have played a key role in its growth strategy, and it plans to pursue more deals in the coming quarters, armed with $250 million in cash on its balance sheet to support organic and inorganic investments.
“While focusing on the testing space, Browserstack is also exploring adjacent areas to expand its total addressable market (TAM). Browserstack aims to create an end-to-end testing platform that will not only drive growth but also consolidate its position in the software testing market,” the company said in a statement, adding that it invests around $30 million in product research and development (R&D) every year.
Bird Eats Bug has a software-as-a-service (SaaS) tool that allows users, even those without technical knowledge, to create detailed bug reports. Browserstack claims that currently, the Software development The industry suffers from inefficiencies in error reporting processes.
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Along with the acquisition of Bird Eats Bugs, Browserstack also announced the launch of a manual testing tool, Bug Capture, which it claims allows users to debug issues 30% faster on average. “This acquisition marks a significant step towards our goal of providing development and QA teams with a unified and seamless testing experience,” said Ritesh Arora, co-founder and CEO of Browserstack.
“By integrating Bug Capture’s innovative approach to reporting bugs into our platform, we’re not only streamlining workflows; we’re also boosting the productivity of development teams so they can focus more on building great products and less on managing the complexities of the testing process,” he added.
Browserstack, which has been self-funded for the first seven years since its inception in 2011, has raised more than $250 million, including a $200 million round in 2021 led by longtime Silicon Valley investor Mary Meeker’s Bond Capital, which valued the company at $4 billion.
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