Opkey Secures $47M in Series B Funding for AI-Driven ERP Testing

AI platform Opkey lands $47M in Series B to revolutionize ERP testing across finance and HR systems.

Opkey, an innovative AI-driven ERP testing platform, has successfully raised $47 million in Series B funding. The Dublin, California-based startup, known for its advanced solutions in continuous testing for finance and HR software, has attracted significant investment from PeakSpan Capital, alongside previous backers UST Global, Verica, Vertical, and YouNest. This latest funding round marks a substantial increase from the $12 million Opkey had previously secured.

The company, co-founded by ERP veterans Pankaj Goel, Avinash Tiwari, and Lalit Jain, aims to address the critical challenges faced by enterprises undergoing digital transformation. As organizations integrate multiple ERP systems—often seven or eight at a time—Opkey's platform ensures that updates and changes do not disrupt existing functionalities, thereby preventing potential system failures.

With over 200 large enterprise clients and partnerships with major system integrators such as KPMG and PwC, Opkey’s solution is essential in maintaining the integrity of complex ERP environments. The platform supports various systems including Oracle, Workday, Salesforce, and SAP.

As the enterprise IT landscape evolves, the demand for automated testing solutions like Opkey's continues to grow. The significant investment highlights the increasing importance of robust ERP testing in today’s digital age.