# Sauce Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sauce-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.saucelabs.com
- Total disclosed funding: $248M
- Latest round: Series F (Mar 9, 2021)
- Investors on record: 9

## About

Based in the US, Sauce Labs Inc. operates as a leading provider of testing solutions for web and mobile applications, ensuring high-quality performance across diverse platforms.Founded in 2008 and headquartered in San Francisco, US, Sauce Labs Inc. specializes in automated testing solutions for web and mobile applications. The company was founded by Ram Shanmugam and has completed a total of 11 deals, with its most recent funding round being Series F in June 2022, where it raised USD 102.00 mn led by TPG. The total amount raised by Sauce Labs to date stands at USD 102.00 mn, with a current company valuation of USD 554.52 mn.Sauce Labs specializes in providing a robust testing platform for web and mobile applications, focusing on cross-browser testing, Selenium testing, and mobile testing. Their core offerings include comprehensive solutions that enable clients to ensure their applications function seamlessly across a wide range of devices, browsers, and operating systems. The platform supports automated testing, continuous integration/continuous deployment (CI/CD), and real device testing. Sauce Labs serves various industries, helping businesses leverage AI-driven insights to enhance software quality during each development phase. Their products are utilized by a diverse clientele, including leading brands across North America, Europe, and Asia, ensuring that applications meet performance standards during critical shopping seasons.Sauce Labs generates revenue primarily through subscription-based models, providing clients with tiered access to their testing platform and associated services. The transactional structure involves businesses signing up for various pricing plans based on their testing needs, which include access to different levels of device emulators, simulators, and real device testing options. Clients engage with the firm through B2B relationships, subscribing to the platform for comprehensive testing solutions. Revenue streams are bolstered by partnerships with organizations seeking to optimize their CI/CD pipelines through Sauce Labs' advanced testing capabilities. Key products include Sauce Web Testing and Sauce Mobile, which are designed to meet the demands of clients in competitive markets.In June 2022, Sauce Labs Inc. raised USD 102.00 mn in a funding round led by TPG. The company plans to utilize this funding to expand its market presence and resources, further developing its testing platform. Specific details on upcoming product launches or geographic market expansions have not been disclosed.

## Funding rounds

- Series F, Mar 9, 2021, $102M — TPG
- Series F, Mar 26, 2019, $50M — Riverwood Capital
- Series E, Nov 3, 2016, $71M — Adams Street Partners, Institutional Venture Partners, Centerview Capital
- Series D, Nov 17, 2014, $15M — Toba Capital
- Series C, Jul 16, 2013, $5M — Triage Ventures, Toba Capital
- Series B, Aug 28, 2012, $3M — Salesforce, Inc., Triage Ventures
- Series A, Jan 29, 2010, $1M — Contrarian Capital Management
- Series A, Jul 30, 2009, $1M — Triage Ventures

## Investors

- Triage Ventures (https://capitalatlas.ai/funds/triage-ventures) — Series A, Series B, Series C
- Contrarian Capital Management (https://capitalatlas.ai/funds/contrarian-capital-management) — Series A
- Salesforce, Inc. — Series B
- Toba Capital (https://capitalatlas.ai/funds/toba-capital) — Series C, Series D
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series E
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series E
- Centerview Capital (https://capitalatlas.ai/funds/centerview-capital) — Series E
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series F
- TPG (https://capitalatlas.ai/funds/tpg) — Series F