By British Smaller Firms VCTs, YFM Fairness Companions (YFM) has accomplished a £5m Collection A funding in AutomatePro, a cloud-based check automation and DevOps software program supplier, to assist the crew construct on its US presence and proceed to spend money on product innovation .
AutomatePro is experiencing speedy development by serving to to unravel the wants of enterprise clients to keep up compliance on important cloud platforms and get probably the most out of their funding in programs like ServiceNow.
The software program is especially compelling for corporations working inside tightly regulated industries akin to monetary providers and prescription drugs, enabling corporations to keep up strong, compliant paperwork and cling to strict high quality management and auditing requirements.
With its patented clever software program resolution, AutomatePro removes mundane and repetitive duties from improvement groups, helps preserve software program up-to-date and working effectively, and helps corporations speed up the supply of business-critical purposes on enterprise cloud platforms.
Carefully aligned with multi-billion greenback software program firm ServiceNow, AutomatePro’s product automates testing and automatic documentation for the corporate’s Software program as a Service (SaaS) platform, serving to to speed up ServiceNow clients’ digital transformation plans. AutomatePro is a part of the choose ServiceNow Options Associate Program and the one automated testing and DevOps app within the ServiceNow App Retailer.
YFM’s funding might be used to increase AutomatePro’s gross sales, advertising and marketing and efficiency features and to develop revolutionary new product models. The funding can even assist the corporate proceed its enlargement into the US and fill demand from the present and rising ServiceNow ecosystem.
This marks YFM’s newest funding within the DevOps software program sector, following investments in high quality cloud and clever analytics SaaS platform, Plandek.
Roshan Puri, Funding Supervisor at YFM Fairness Companions mentioned “The AutomatePro crew has constructed a world-class SaaS product that delivers important worth to a number of the largest and most advanced organizations. Clever automated testing is central to DevOps greatest practices and has turn into a necessity for organizations seeking to maximize worth from their IT infrastructure and IT capabilities. We’re actually excited to take a position additional within the software program and providers enterprise that allows DevOps, and the good groups we’re supporting are benefiting from being a part of a high-growth firm on this area with the joint help of YFM.
Paul Chorley, managing director and co-founder of AutomatePro, mentioned: “We’re delighted to welcome YFM on board as our first institutional shareholder, having acknowledged early alignment with our technique and values. We’re very grateful for the help now we have acquired from PrefCap and our seed buyers in getting us to this stage. The funding and help from YFM will allow us to assist much more corporations around the globe speed up their digital transformation with ServiceNow and different cloud platforms. Our clients will profit from the elevated skill to implement our new revolutionary automated DevOps capabilities.”
The YFM crew included Roshan Puri, Ben Pitt and Jamie Roberts. The AutomatePro crew included Paul Chorley, Wayne Devonald, Steven Zhang, Martijn Leentjes, Andy Cooke and Dan Ellis.
YFM’s advisers on the funding had been: Lawyer: Irwin Mitchell, Monetary Due Diligence: Pegafund, Organizational Due Diligence: Confidas Individuals, Industrial Due Diligence: Gross sales Blueprint, Technical Due Diligence: Code&Co, Tax Due Diligence: DTE Group and VCT Consultancy: Philip Hare & Associates. Advisors to AutomatePro included: Authorized: Ok&L Gates and Company: Mountside Ventures.