Testify has secured 100 million KRW in seed funding and has been selected for the TIPS program, enabling it to enhance its AI-driven QA solution VeriGEN and expand its market presence.
Target Company Information
Testify, a startup focused on quality assurance (QA) solutions powered by generative AI, has successfully secured a seed investment of 100 million KRW from the Gyeonggi Creative Economy Innovation Center. The company has also been selected for the Ministry of SMEs and Startups’ Technology Startup Support Program, known as TIPS, due to its notable achievements just one year after its establishment.
Testify owes its rapid growth—achieving a staggering 3,200% increase in revenue to 3.1 billion KRW in its first year—to the innovative AI automation QA solution called VeriGEN. This solution has been developed by veterans from major IT firms like Naver and NHN and has attracted significant industry attention.
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Industry Overview in South Korea
The software quality assurance industry in South Korea is evolving rapidly as tech companies increasingly adopt automation to improve efficiency and reduce costs
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Transaction Size: $0M
Revenue: $3M