Katalon Joins Endeavor Global Network, Plans to Reach 300 Employees by the End of 2021
Following its successful funding round, Katalon will leverage Endeavor to develop its team, accelerate product development, and expand its market size and network.
ATLANTA, November 10, 2021 (Newswire.com) - Katalon, Inc., provider of the leading test automation platform, today announced that it has been selected to join the Endeavor Global entrepreneur network at the 19th Virtual International Selection Panel (vISP) held in September 2021.
As a part of Endeavor's entrepreneur network, Katalon joins 1,384 other leading companies across 40 markets around the world. The company also announced plans to increase its workforce to 300 employees by the end of this year.
A rigorous selection process
Endeavor's rigorous multi-step selection process seeks to find influencers and leaders of innovative companies who can leverage Endeavor's resources for professional growth and job creation on a large scale. In addition, those who are selected also commit to reinvesting their time and money into the local startup ecosystem to help the next generation of entrepreneurs follow the spirit of "pay it forward."
One of the prerequisites to join Endeavor Global is that the company can scale up to at least 10 times its current size. This milestone is a recognition of Katalon's growth potential. The selection also has the potential to serve as a launching pad for businesses to achieve significant growth since Endeavor is an incubator of unicorns in the startup world.
"Joining the Endeavor network, startups have the opportunity to connect with senior advisors and business leaders around the world, and access potential investment capital, and other special support, creating growth momentum and global reach," said Uy Tran, General Director, Katalon.
A successful funding round
The Katalon platform is now trusted by more than 100,000 enterprises in over 160 countries. Katalon's test automation solution, Katalon Studio, has also been voted the best test automation tool two years in a row by Gartner Peer Insights.
In July of this year, Katalon successfully raised $27 million in a series A funding round from Elephant Venture Capital. This investment, along with other support from Endeavor, will be leveraged to develop a highly specialized team, accelerate product completion plans, and continue to expand the market size and network.
Katalon aims to build a comprehensive automated testing platform with a variety of products to optimize the continuous testing process. The company strives to research and develop new features to make the software testing process more efficient through the application of artificial intelligence (AI).
"Software is a key element of business operations and an important competitive tool for many businesses. Katalon helps businesses release better software faster," shared Vu Lam, founder and CEO, Katalon.
Year-end HR plan
Katalon is operated globally with head offices in the U.S. and Vietnam. Starting from a technology incubator in 2015, Katalon has scaled up significantly (3x increase in employees in 2021) and continues to recruit more to drive ongoing growth and strengthen its presence across global markets.
Adhering to the motto that "people are the core of success," Katalon has been focusing on building a team of skilled personnel, coming from different countries and having global working skills to develop world-class products that meet the demands and requirements of our global customer base.
"We provide high-quality job opportunities that attract many talented people in the IT industry to our company," Uy Tran said. "We have a good employee compensation policy and always strive to build a perfect and more optimal workplace."
About Katalon
Katalon is the leading provider of software test automation solutions. With a flexible platform for web, API, mobile, and desktop testing that fits teams and projects of any size, and for any purpose, Katalon is widely trusted by a global community across over 160 countries. Katalon is recognized as a top automation tool by prestigious analyst research groups such as Gartner, Capterra, and IT Central Station.
For more information, visit https://www.katalon.com.
Source: Katalon, Inc.
