New York, NY — Q1 2022 — Opkey, a leading provider of no-code test automation software for enterprise applications, today announced the closing of an $8 million funding round led by Vertica Capital Partners, a growth equity firm focused exclusively on mission-critical software.
The investment will be used to accelerate Opkey’s product development, expand its go-to-market capabilities, and grow the company’s presence among large enterprises undergoing complex ERP transformation initiatives.
No-Code Test Automation for the Enterprise
Opkey’s platform enables organizations to automate the testing of business-critical applications — including SAP, Oracle, Workday, and Salesforce — without requiring specialized coding skills. The software uses AI-powered discovery to map existing processes, auto-generates test scripts, and provides continuous testing capabilities that dramatically reduce the time, cost, and risk of ERP upgrades, patches, and migrations.
For organizations running complex ERP environments, testing is one of the most time-consuming and error-prone aspects of system maintenance and upgrades. Traditional testing approaches rely on manual effort and specialized technical resources, creating bottlenecks that delay critical projects and increase risk. Opkey eliminates these bottlenecks by making test automation accessible to business users and IT teams alike.
Riding the ERP Modernization Wave
The investment is particularly timely as thousands of organizations prepare for large-scale ERP transformations, including Oracle’s ongoing transition to Oracle Cloud. These migrations represent some of the most complex and high-stakes technology initiatives enterprises undertake, and comprehensive testing is essential to ensuring business continuity throughout the process.
Opkey’s no-code approach and pre-built test libraries for major ERP platforms position the company as a critical enabler of these transformation initiatives, providing the speed and coverage that manual testing simply cannot achieve.
“Opkey has built a powerful platform that solves a real and growing pain point for enterprises. As the pace of ERP modernization accelerates, the demand for automated, no-code testing will only increase. We’re excited to support the Opkey team as they scale.” — Philip Vorobeychik, Managing Director and Co-Founder
About Opkey
Opkey is a leading provider of no-code test automation software for enterprise applications. The platform enables organizations to automate testing across SAP, Oracle, Workday, Salesforce, and other business-critical applications without specialized coding skills.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.