Atlanta mobile testing platform Kobiton Inc. raised $12 million led by local investors shortly after graduating from the state’s Advanced Technology Development Center (ATDC) incubator.
About the company: Kobiton, led by CEO Kevin Lee, allows companies to test mobile apps before release to ensure their functionality. Kobiton graduated from ATDC this month and spun off from KMS Technology consulting firm and software company incubator. It raised $5.2 million in 2019 and $14 million in 2020, acquiring Mobile Labs Inc. at the same time. Their customers include Office Depot, Cap Gemini, Frontier Airlines, Q2 and Greensky.
Inside the deal: Panoramic Ventures and Fulcrum Equity Partners, both Atlanta venture capital firms and previous investors, led the round. The funding will accelerate development of Kobiton mobile testing products and enhance the platform, according to the company. Kobiton has 15 open positions on its website.
Why it matters: The funding demonstrates Kobiton’s support from local investors and indicates high growth for a company coming out of the ATDC incubator. The announcement shows how the Atlanta innovation ecosystem can breed success.
What they’re saying: “One of the core differentiators of Kobiton is the ability to more thoroughly and more broadly test mobile applications,” said Panoramic Ventures Partner Dan Drechsel in a statement. “The combination of incorporating real-device testing with best-in-class scriptless automation is truly unique. ”
