Leapwork ApS

Leapwork ApS, based in Denmark, specializes in AI-powered test automation solutions, enhancing quality assurance across diverse applications and platforms for various industries. Founded in 2015, Leapwork ApS offers an AI-driven test automation platform that supports businesses in ensuring software quality. The company is headquartered in Copenhagen, Denmark. Christian Frederiksen serves as the CEO.

Leapwork has successfully raised a total of USD 62. 00 mn through 2 funding rounds, with the most recent being a Series B round in August 2021, backed by investors including KKR and Salesforce Ventures. The current company valuation stands at USD 312. 00 mn.

Leapwork provides an AI-powered test automation platform that enables users to conduct continuous quality assurance across various applications. Its core product allows for the creation, management, and analysis of complex testing flows, crucial for applications like Microsoft Copilot and Salesforce Einstein. The platform features a user-friendly visual interface, catering to both technical and non-technical users, and supports testing for web, mobile, and desktop applications as well as APIs across industries such as banking, healthcare, and manufacturing. In 2023, Leapwork reported an EBITDA of USD -26.

63 mn, primarily generating revenue through subscription-based models for its test automation platform. Customers typically enter into annual contracts, ensuring consistent access to the platform and its services, which enhances testing efficiency and fosters long-term partnerships for quality assurance needs. Following its Series B funding round in August 2021, where Leapwork ApS raised USD 62. 00 mn, the company intends to utilize this funding to accelerate its global expansion and enhance local teams in key markets.

Plans include opening several tech hubs to support ongoing product development, allowing Leapwork to tap into new geographical regions and strengthen its presence in the market.