Product Science, a Los Angeles, CA-based startup that develops performance management software for apps, raised $18 million in funding.

Backers in the round include Slow Ventures, Coatue, K5 Global, Mantis Ventures, Benchmark’s Peter Fenton, Insight Partners co-founder Jerry Murdock, and unnamed Snap VPs.

“We realize that the industry will slow down and want to make sure we are more flexible with our enterprise offerings and can rapidly grow the AI vision of the product,” David and Daniil said, Product Science’s co-CEOs. “Product Science will use the money to fuel its growth: we equally distribute the raised capital between attracting new customers, getting key hires, and refining our proprietary AI algorithm.”

The startup’s platform analyzes the app code to find flaws in the execution, aiming to minimize perceptible crashes, freezes, and errors. 

Product Science counts Fortune 500 companies across sectors like social media, travel, e-commerce, and banking as customers.

Company: Product Science, Inc.

Raised:  $18.0M

Round: Unknown 

Funding Month: January 2023

Lead Investors:

Additional Investors: Slow Ventures, Coatue, K5 Global, Mantis Ventures, Benchmark’s Peter Fenton, and Jerry Murdock

Company Website: https://www.productscience.ai/

Software Category: Performance Management Software

About the Company: Founded by four siblings, David, Daniil, Anna, and Maria Liberman, Product Science is performance management for mobile. It increases product metrics for mobile applications and helps apps work faster by providing insights into key performance issues that impact user experience. Products Science’s tools and plugins for integrated development environments show video recordings of apps next to performance traces, providing insights into what’s happening behind the screen. The company analyzes the code and actual runtime data to pinpoint performance issues. Product Science has offices in Los Angeles and the United States.

Source: https://techcrunch.com/2023/01/04/product-science-raises-18m-for-mobile-app-performance-testing/