Riverwood has invested $50m in the Salesforce-backed cloud software testing platform, which has now raised approximately $144m in funding altogether.
Sauce Labs, a US-based software testing platform developer backed by enterprise software producer Salesforce, received $50m in funding from private equity Riverwood Capital on Tuesday.
Founded in 2008, Sauce Labs has built an online platform that enables developers to test their websites and applications for bugs as they code.
The platform can automate software tests across multiple browser and operating systems using cloud-based emulators and simulators, and Sauce claims it runs more than 2 million tests per day.
In addition to funding research and development, the capital will support strategic growth moves and the development of Sauce’s products beyond what it referred to as functional testing.
Riverwood’s co-founder and co-managing partner, Jeff Parks, will join the company’s board of directors in conjunction with the deal.
Venture capital fund Triage led Sauce’s $3m series B round in 2012, investing alongside Salesforce subsidiary Salesforce Ventures, after unnamed investors had provided $1.1m in series A funding in 2009.
The company secured $5m in a 2013 series C round led by VC firm Toba Capital and backed by Triage Ventures and angel investor Scott Banister, before adding $15m in series D funding from Toba Capital two years later.
Sauce subsequently landed $70m in funding from Centerview Capital Technology, Institutional Venture Partners and Adams Street Partners in 2016.
