# Waldo

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

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.waldo.com
- Total disclosed funding: $18M
- Latest round: Series A (Dec 10, 2021)
- Investors on record: 2

## About

Waldo, based in the US, provides a specialized platform for mobile test automation, enabling developers to efficiently create, run, and manage end-to-end mobile tests through a straightforward browser interface.Founded in 2017, Waldo operates out of Brooklyn, US, focusing on mobile test automation. The company was established by Laurent Sigal, who previously had experience in the tech space. In July 2023, Waldo was acquired by Tricentis GmbH, which enhances its capabilities in test automation. Waldo has secured a total of USD 15.96 mn in funding through a Series A round featuring investors such as First Round Capital and Matrix Partners, achieving a current valuation of USD 71.76 mn.Waldo specializes in mobile test automation, offering a platform that enables users to create, run, and maintain end-to-end (E2E) mobile tests directly through a browser interface. Users can upload stable builds of their mobile applications and create test scenarios by interacting with the app in real-time, subsequently running these tests across various device configurations. The automated testing solution identifies discrepancies in app performance by flagging deviations from predetermined successful usage paths, ensuring quality applications. Waldo caters to a diverse clientele, including companies like Rocket Money, Titan, and Hinge Health, primarily serving mobile application developers and quality assurance teams in North America and Europe.Waldo generates revenue through subscription-based models, offering its testing automation services mainly to businesses engaged in mobile app development. Clients subscribe to various pricing tiers, utilizing features such as automated session recordings and flakiness detection. This model supports recurring transactions, allowing organizations to continuously access Waldo’s services as they release new app builds, thus enhancing their development processes.Following its acquisition in July 2023, Waldo is positioned to further expand its offerings in the test automation space under Tricentis USA Corp. The acquisition provides Tricentis with enhanced capabilities for expansion in test automation solutions. specific details on upcoming products or regional expansions are not provided at this time.

## Funding rounds

- Series A, Dec 10, 2021, $16M — Matrix Partners, First Round Capital
- Seed, Apr 12, 2018, $2.4M — Matrix Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed, Series A
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A