June 2018 Summaries

Cypress has announced a successful $4 million funding round co-led by Las Olas Venture Capital and Bessemer Venture Partners, which will enable the company to expand its team and enhance its product offerings. Since the public beta release last fall, Cypress has experienced significant growth, with increasing demand for new features. The additional funding will support the development of cross-browser support, starting with Firefox, as well as the introduction of automatic load balancing and parallelization to improve build speeds. Additionally, the first iteration of the Dashboard analytics will be launched to help users better understand test failures. The company is actively hiring for positions including support engineers, solutions engineers, senior JavaScript developers, and backend operations specialists to drive these innovations.

Brian Mann, the founder of Cypress, announced the appointment of Drew Lanham as the new CEO to facilitate the company's growth and allow Mann to focus on his passion for product development. Mann had been contemplating the need for a dedicated CEO to overcome the challenge of splitting his time between CEO duties and leading product development. Drew Lanham brings over twenty years of experience in various technology markets, including AI and consumer internet, having founded and led multiple business units and gone through four acquisitions. Mann emphasized the importance of Lanham's alignment with Cypress' core beliefs, particularly a commitment to open-source software and understanding user challenges. After collaborating with Lanham for four months, Mann expressed confidence in their shared vision for building the company and its culture, which will enable Cypress to scale and grow further.