SEGRON announces new funding round to expand into industries building back from COVID-19 and accelerating digital transformation

$10m raised to date from OTB Ventures, Credo and high net worth investors
>300% growth expected in year ahead to achieve run-rate revenues in excess of $5m
Experienced senior team extended, with workforce to increase by 30%
Leadership in telecoms, expanding into new markets with first agreement in North America.

Amsterdam, The Netherlands [6 April 2021] – SEGRON, a leader in the next generation of active testing, today announces the completion of a new round of funding, bringing total capital raised to date up to $10million. The funding round, led by OTB Ventures and Credo, comes amid significant momentum for the business, having achieved a leadership position in automation services for the telecoms industry. Proceeds from the raise will be used to fund international growth and expand into new industry verticals that are seeing a resurgence of demand and accelerated digital adoption as a result of the progression of the Covid-19 pandemic.

International scale to capture a $35bn market opportunity

SEGRON offers automated solutions to test new digital services in any location, with any device, anytime. SEGRON’s leadership position in test automation solutions for the telecoms ecosystem enables operators including Telefonica, T-Mobile Group and Swisscom to ensure optimal service quality for end-subscrib