Opkey raised $47M to revolutionize ERP testing with AI

Enterprise resource planning (ERP) software—apps like Workday, Salesforce, and SAP—are essential to most business workflows, with many organizations leveraging multiple ERP applications to cover billing, people management, sales, and more. They are so important, that Bloomberg has placed ERP software as a key driver of the SaaS industry for the next decade, reaching a $73 billion market by 2026. However, ERP deployments, especially ones that combine several apps into a single end-to-end workflow, pose an important challenge: to work as intended at scale, ERP systems must be constantly tested to ensure that events like updates and migrations will not break the system.

As often happens, the issue of safely scaling and deploying ERP systems is solved by time-consuming and sometimes ineffective manual testing methods. This is where Opkey steps in. Opkey's platform leverages AI and machine learning to automate test generation while considering each user's configurations and customizations. According to the company, this enables customers to release changes 50% faster and with a 70% reduction in error rates.

Opkey's customer roster includes more than 200 enterprise customers, of which 72% are ranked in the Fortune 1000. The company also partners with large systems integrators like KPMG, Huron, and PwC to enrich their implementation and managed services projects with AI. Now, the company announced it raised a $47 million Series B funding round that will enable Opkey to continue developing its product, especially in terms of AI capabilities and support for new ERP platforms; expand its market presence by hiring additional sales and marketing talent; and invest in research to fulfill its goal of becoming a pioneer in the recent "ERP Ops" category.