# Worksoft

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

- Industry: Software
- Headquarters: Addison, US
- Website: www.worksoft.com
- Total disclosed funding: $63M
- Latest round: Series F (Mar 2, 2010)
- Investors on record: 5

## About

Worksoft, Inc. is a US-based company specializing in cloud-based intelligent test automation solutions, aimed at enhancing enterprise business processes through innovative technology.Founded in 1998 in Addison, US, Worksoft, Inc. provides automation solutions for enterprises. The company has successfully completed 9 deals, with the latest being a Series F round on February 25, 2019, raising USD 3.000 mn from investors including Austin Ventures and Crescendo Ventures. The current company valuation stands at USD 43.637 mn, and the leadership is under the guidance of CEOs Jim Kent and Tony Sumpster.Worksoft specializes in intelligent test automation solutions tailored for enterprises, enhancing business processes through their core offerings. Their flagship product, the Connective Automation Platform, provides a codeless environment for automating testing, data provisioning, and corrections across applications such as SAP, Oracle, Salesforce, and MS Dynamics. This platform is available in key markets including North America, Europe, and Asia-Pacific, offering significant value to global enterprises in sectors like finance, healthcare, and technology.Worksoft generates revenue primarily through subscription-based models for its automation solutions. Clients typically engage in annual or multi-year agreements for the Connective Automation Platform and additional services like Business Capture and Continuous Testing Manager. These subscription plans ensure clients receive ongoing support and updates, while revenue is further bolstered through consulting services and training programs, aimed at maximizing the utilization of Worksoft’s automation capabilities.Worksoft plans to leverage its recent funding from the Series F round in February 2019 to enhance its automation solutions, focusing on developing new products aimed at optimizing enterprise processes. The company targets expansion into additional geographical regions, specifically looking at markets in Europe and Asia-Pacific by the end of 2023. The funding will support these initiatives, allowing for increased investment in product development and market outreach.

## Funding rounds

- Series F, Mar 2, 2010, $3M — Austin Ventures, Crescendo Ventures
- Series E, Nov 6, 2009, $2M — Austin Ventures, Crescendo Ventures
- Series E, Dec 16, 2008, $8M — Austin Ventures, Crescendo Ventures
- Series D, May 22, 2007, $1.5M — Austin Ventures, Crescendo Ventures
- Series B, Jun 1, 2006, $30M — Hong Shan, DCM, Legend Capital
- Series D, May 4, 2005, $12M — Austin Ventures, Crescendo Ventures
- Series C, Mar 22, 2004, $7M — Austin Ventures

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series C, Series D, Series E, Series F
- Crescendo Ventures (https://capitalatlas.ai/funds/crescendo-ventures) — Series D, Series E, Series F
- Hong Shan — Series B
- DCM (https://capitalatlas.ai/funds/dcm) — Series B
- Legend Capital — Series B