Benchmark Capital and Hasso Plattner Ventures have joined lead investor Battery Ventures in a $16 million Series D round for Panaya. The Saddle Brook, NJ-based company provides an ERP testing and upgrade automation SaaS technology. Between 2006 and 2010, Panaya raised a total of $17 million across Series A, B and C rounds, as well as a $6 million secondary transaction from Hasso Plattner in 2010.
