Longce Technology, an automated testing platform, has raised tens of millions in Series A funding to enhance software testing efficiency utilizing AI.
Information on the Target
Longce Technology, an automated testing platform focused on functional testing, has successfully secured tens of millions in Series A funding after a year of product iterations. Leveraging artificial intelligence, Longce Technology aims to disrupt the traditional automated software testing sector, addressing critical challenges faced by businesses today. According to Xu Jieping, CEO of Plug and Play China, the complexity of B-end software and the rapid pace of development have created significant inefficiencies in manual testing processes, highlighting a massive untapped market.
Founded in 2018, Longce Technology specializes in functional testing, which is essential for verifying software requirements such as accuracy, usability, suitability, and interoperability. The founder and CEO, Shi Jiangfan, holds a Ph.D. in Software Testing from the University of Nebraska-Lincoln and has extensive experience in the software testing industry, having worked with renowned companies like IBM and Microsoft. This background positions Shi well to understand the pain points in testing and the level of problems that existing vendors can solve.
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Industry Overview in China
The software testing industry in China has seen stable growth in recent years, with a market size reaching 198.9 billion yuan by 2020, reflecting an 18% year-on-year increase. The sector is primarily divided into manual and automated tes
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Transaction Size: $5M