BugBuster, a startup in the field of smart bug detection for software, has just closed its Series A financing round worth about €815K (Update – April 2023: The startup seems to be no longer in business under this website, and we therefore deactivated the original link). The investors in this round 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 some unique 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 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 (as estimated by BugBuster). The young company plans to complete its Beta testing in November, after which BugBuster will immediately start delivering its service via a SaaS model. The recent Series A financing round will support this activity, as well as the build up of BugBuster’s go-to-market strategy with direct sales and partners, and further development. A 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, as a spinoff of the Operating Systems Laboratory at the EPFL University.
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