Appvance, a Santa Clara CA-based AI-driven software testing technology company, raised $13 million in Series C funding.
The round was led by Arrowroot Capital, with participation from existing investors including Javelin Venture Partners and TRI HoldCo. As part of the financing, Appvance added Kareem El Sawy, Founding Partner at Arrowroot Capital, to its Board of Directors.
The company intends to use the funds to accelerate growth and expand operations.
Company: Appvance, Inc.
Round: Series C
Funding Month: January 2022
Lead Investors: Arrowroot Capital
Additional Investors: Javelin Venture Partners and TRI HoldCo
Company Website: https://appvance.com/
Software Category: AI-driven software testing
About the Company: Led by Andre Liao, CEO, Appvance delivers automated testing to global brands using an advanced AI/ML engine that designs, generates, and independently executes tests for sophisticated web and mobile applications with no human intervention. The company’s premier product is Appvance IQ™(AIQ), a Level 5 unified test automation system that helps enterprises improve the quality, performance, and security of their applications while transforming the efficiency and output of testing teams. Appvance also has offices in Costa Rica and India.