Japan’s Genesia Ventures-backed Autify raises $2.5m in seed round

Autify, Japan’s Genesia Ventures-backed AI-powered software testing automation platform, has raised $2.5 million in a seed round led by Global Brain Corporation, US’s Salesforce Ventures, and early-stage venture capitalist Archetype Ventures, according to an announcement.

The round also saw the participation of multiple individual investors. This brings the total capital raised by Autify to $3.07 million.

Established in February 2019, Japan’s Autify is backed by Alchemist Accelerator, the top B2B startup accelerator in the US.

The company claims that it has received demo requests from at least 150 companies without any marketing activities since launched. Its product will be officially launched in October 2019.

The funds raised will be used to spruce up product development and sales systems, besides exploring the international market.

Autify makes testing automation easy, even for non-engineers, thereby enabling anyone to automate the testing of web applications without writing program codes. It aims to find solutions to the headwinds of labour shortage in the software development field and help build a society in which people can concentrate on creative work by automating even the most mundane tasks.

The platform provides integrations to external services such as Slack (a business communication tool), Circle CI (a continuous integration tool that automates the development), and TestRail (a test case management tool).

In July 2017, Autify raised $510,000 in pre-seed round from Genesia Ventures, East Ventures, KLab Ventures, GW Ventures and some other individual investors.

Japanese venture capital firm Global Brain has recently led an investment in Connected Robotics, a cooking robot service provider, through its GB-VII Growth Fund Investment Limited Partnership (GB-VII) and 31VENTURES Global Innovation Fund I.

We recently reported that Japanese VC firm Genesia Ventures says it is likely to spend around 30 per cent of the fund for Southeast Asia. The firm hit the first close of its new fund at $45 million in January this year and is expecting to reach the final close in September.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.