# PLATO Testing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plato-testing

- Industry: Outsourcing
- Headquarters: Fredericton, Canada
- Website: www.platotesting.com
- Total disclosed funding: $2.4M
- Latest round: Seed (May 18, 2022)
- Investors on record: 1

## About

PLATO Testing Inc. is a Canadian software testing and technology services company delivering specialized testing solutions to enhance software quality and reduce risks for clients across various industries.Founded in 2016 in Fredericton, Canada, PLATO Testing Inc. provides software testing services. The company has received a total of USD 2.00 mn in funding through a Seed round led by Raven Indigenous Capital Partners on May 18, 2022. There are no known pivots in business strategy or subsidiary relationships.PLATO is dedicated to high-quality software testing and technology services, focusing on test automation, functional testing, performance testing, test advisory, and accessibility testing. Their services cater to a diverse range of industries, ensuring applications perform optimally. PLATO is committed to fostering inclusivity by offering training programs for Indigenous individuals in the technology sector.PLATO generates revenue primarily through service contracts with businesses seeking software testing and technology consulting. Their transaction structure typically involves B2B arrangements, where they provide tailored testing services through project-based contracts or longer-term partnerships. Revenue sources include fees for individual testing services and consulting engagements, alongside earnings from their training program aimed at preparing Indigenous individuals for careers in technology.In May 2022, PLATO Testing Inc. raised USD 2 million in Seed funding, which will be utilized to hire more staff. The company plans to expand its services into new markets, although specific regions have not been disclosed. Upcoming new products are not mentioned, but the funding will support their growth initiatives.

## Funding rounds

- Seed, May 18, 2022, $2M — Raven Indigenous Capital Partners
- Seed, Jan 13, 2021, $0.4M — Raven Indigenous Capital Partners

## Investors

- Raven Indigenous Capital Partners (https://capitalatlas.ai/funds/raven-indigenous-capital-partners) — Seed