# Kobiton

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kobiton

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.kobiton.com
- Total disclosed funding: $28M
- Latest round: Series A (Aug 31, 2021)
- Investors on record: 5

## About

Kobiton, Inc. is a US-based mobile testing platform that enhances app performance through a cloud-based device lab and AI-driven testing capabilities. It supports continuous integration for mobile applications across various sectors.Founded in 2016 and headquartered in Atlanta, US, Kobiton, Inc. specializes in mobile application testing. The company has completed a total of 6 funding deals, with the most recent being a Series A round of USD 11.23 mn on January 4, 2023, bringing the total amount raised to USD 11.23 mn and current company valuation to USD 54.14 mn. Vu Lam is the Founder of Kobiton, while Kevin Lee and Sean Barry serve as its CEOs.Kobiton offers a comprehensive mobile device testing platform designed to streamline the process of continuous delivery for mobile applications. The platform includes device lab management, a mobile device cloud, mobile development tools, and AI-augmented testing capabilities. Customers can leverage Kobiton’s extensive library of real devices, enabling both manual and automated testing at scale, which is essential for ensuring high-quality app performance across diverse operating systems. Key use cases addressed by Kobiton's offerings include improving regression cycle times, enhancing automation productivity for development teams, and ensuring accessibility and visual validation for mobile applications. The platform is utilized by a variety of sectors, including retail, financial services, travel, hospitality, and gaming, with clients spanning various geographical markets such as North America and parts of Europe and Asia.Kobiton generates revenue primarily through a subscription-based model, where clients access its mobile testing platform on a recurring basis. This model allows organizations to integrate Kobiton's services into their continuous integration and continuous delivery (CI/CD) pipelines seamlessly. The company partners with clients across multiple industries, implementing solutions tailored to their mobile testing needs. Individual testing services and tools, such as AI-driven no-code testing and Appium script generation, are bundled within different pricing tiers based on usage. The transactions typically involve B2B arrangements, where enterprises subscribe to packages that align with their testing volume and device accessibility requirements, thereby enhancing their mobile application quality and user experience.In January 2023, Kobiton, Inc. raised USD 11.23 mn in Series A funding, which will be utilized to support the development of new products and expand into new markets. The company is focused on launching advanced features aimed at improving user experience and operational efficiency by the end of 2023. Additionally, Kobiton plans to target expansion into Europe and Asia, tapping into the growing mobile application market in these regions.

## Funding rounds

- Series A, Aug 31, 2021, $6.2M — Fulcrum Equity Partners, BIP Ventures
- Series A, Nov 5, 2020, $14M — Fulcrum Equity Partners, BIP Ventures
- Series A, Aug 21, 2019, $5.2M — Kinetic Ventures, BIP Ventures, KMS Technology, Inc.
- Seed, Sep 24, 2018, $3M — Kinetic Ventures, Service Provider Capital, KMS Technology, Inc.

## Investors

- Kinetic Ventures (https://capitalatlas.ai/funds/kinetic-ventures) — Seed, Series A
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- KMS Technology, Inc. — Seed, Series A
- BIP Ventures (https://capitalatlas.ai/funds/bip-ventures) — Series A
- Fulcrum Equity Partners (https://capitalatlas.ai/funds/fulcrum-equity-partners) — Series A