Opkey secures $47M in Series B Funding to drive Cloud ERP Transformation – Elets eGov

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Opkey, the AI-driven continuous test automation platform for enterprise systems, has successfully raised $47 million in a Series B funding round led by PeakSpan Capital, with continued support from existing investors. This new capital injection will empower Opkey to revolutionise Cloud ERP transformation by accelerating technological advancements, expanding R&D teams in Noida and Bangalore, and pioneering the “ERP Ops” category.

Pankaj Goel, CEO and Co-founder of Opkey, stated, “This funding will enhance our technology and expand our global reach, helping organisations migrate their legacy ERP systems to the cloud while ensuring continuous quality and performance.”

Opkey’s AI platform dramatically reduces the time and effort required for ERP testing, helping enterprises navigate the complexities of ERP modernisation. The company currently supports over 200 enterprise customers, including 72% of the Fortune 1000.

Sanket Merchant, Partner at PeakSpan Capital, emphasised the critical role of Opkey in addressing inefficiencies in ERP life cycles, saying, “Opkey’s solutions are mission-critical for achieving continuous assurance in ERP transformation.”

Opkey’s growth aligns with its mission to deliver unparalleled assurance and streamline cloud ERP transformation programs globally.

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