4.3M Seed Round to Automate Enterprise Application Testing

The SaaS CFO

Welcome to another insightful episode of The SaaS CFO Podcast where we dive deep into the world of test automation and intent automation with a rising star in the tech industry. Today, we have the privilege of speaking with Jonas Menesklou, the CEO and co-founder of Ask UI, a company at the forefront of leveraging machine learning to simplify and enhance software testing. Jonas will share his journey from university in Karlsruhe, Germany, directly into entrepreneurship, and the pivotal moments that led to the birth of Ask UI with his computer scientist co-founder.

You'll hear about their unique approach to solving the perennial challenges of test automation in large enterprises and how Ask UI is changing the game by allowing software tests that sound good to be just as good when automated. Jonas will discuss the company's current trajectory, their focus on large enterprise customers, particularly those dealing with Windows software, and how usage metrics drive their business decisions.

Moreover, Jonas opens up about the fundraising landscape, their successful seed round of €4.3 million, and the strategic importance of preparing for investment opportunities. As Ask UI gears up for an exciting 2024, they're not only enhancing their product but also expanding their sales team, with Jonas transitioning from founder-led sales to building a sales engine that can operate independently.

Join us as we unpack the exciting journey of Ask UI, explore the challenges they've overcome, and the milestones they're chasing. Whether you're a SaaS enthusiast, an aspiring entrepreneur, or just curious about the developments in test automation, this is an episode you don't want to miss!

Show Notes:

00:00 Automating testing process and raising initial funds.

03:10 Test automation for enterprise software applications.

09:17 Evaluating software, targeting customers, confident in progress.

11:10 Prepare thoroughly for a successful fundraise.

13:40 Striving for repeatable revenue through efficient sales.’

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/askui-raises-4-3-million-in-seed-round

Jonas Menesklou’s LinkedIn: https://www.linkedin.com/in/menesklou/

Ask UI’s LinkedIn: https://www.linkedin.com/company/askui/

Ask UI’s Website: https://www.askui.com/

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