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AI-driven autonomous software testing pioneer raises funds

Business news |
By Rich Pell


The company is aimed at disrupting the $120 billion software QA market through its patented Appvance IQ (AIQ) unified test platform – claimed to be the world’s first Level 5 autonomous testing solution. The technology, says the company, delivers automated testing to leading global brands using the most advanced AI/ML engine in the industry by designing, generating, and independently executing tests for sophisticated web and mobile applications with no human intervention.

The latest funding round was led by US growth equity firm Arrowroot Capital with participation from existing investors including Javelin Venture Partners and TRI HoldCo.

“We are ecstatic about this new round and the addition of Arrowroot Capital as our investment partner,” says Andre Liao, Appvance’s CEO. “2021 was a momentous year – our business grew over 200% benefiting from enterprises embracing AI to radically improve testing efficacy and product quality.”

Kareem El Sawy, Founding Partner at Arrowroot Capital, who will join the company’s Board of Directors, adds, “Being the AI pioneer within the increasingly demanding QA function, Appvance is poised to carve out a leadership role in accelerating DevOps productivity at scale. With blue chip customers and tier 1 partnerships globally, market demand for the AIQ product has hit an undeniable inflection point. We are thrilled to partner with Andre and his incredible team to help build the next gen autonomous QA platform of choice for the modern enterprise.”

Appvance

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