Lausanne-based BugBuster secures €815k

0
165

BugBuster, a startup in the field of smart bug detection for software, has just closed its Series A financing round worth about € 815,000. Investors are a consortium led by BAS (Business Angels Switzerland) with Polytech Ventures, the Hasler Foundation, and Go Beyond. The Lausanne-based startup BugBuster has come up with incredible software that executes the customer’s application code, finds bugs in it, and reports graphically on their exact location. Its current technology targets the Web Applications market, with its focus on HTML5 and JavaScript cross-platform standards.

In Beta testing with hundreds of users, bugs were thus found in an astounding 89% of all applications tested. This disruptive technology could change the paradigm of quality assurance for web developers, slashing their testing time and cost by a factor of 5 to 10 (estimated by BugBuster). The young company plans to complete its Beta testing in November. Afterwards BugBuster will immediately start delivering its service in a SaaS (Software as a Service) model. The Series A financing will support this activity as well as the buildup of BugBuster’s go-to-market strategy with direct sales and partners, and further development. The Series B round is already foreseen for mid-2014.

BugBuster was founded in 2011 by Olivier Crameri (CEO), Renault John Lecoultre (CTO) and Professor Willy Zwaenepoel (Chief Scientist) in Lausanne. It is a spinoff of the Operating Systems Laboratory at the university EPFL.