AI Software Testing starup Appvance secured $13 Million in Series C funding

Appvance, a California base Artificial Intelligence-driven software testing technology company, has recently secured $1.3 million in a Series C funding round.

Appvance was founded by Andre Liao. It delivers automated testing to global brands using an advanced Artificial Intelligence or Machine Learning engine that designs, generates and executes tests for sophisticated web and mobile apps with no human intervention.

The company has its offices in India and Costa Rica.

Andre Liao, Appvance’s CEO, said, "We are ecstatic about this new round and the addition of Arrowroot Capital as our investment partner. 2021 was a momentous year – our business grew over 200%, benefiting from enterprises embracing AI to radically improve testing efficacy and product quality. Today’s announcement is a significant milestone, and we couldn’t have done it without the amazing support of our customers, partners, and employees around the world. Thank you! 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."

The latest funding round was backed by Arrowroot Capital with participation from Javelin Venture Partners and TRI HoldCo.

Post funding, Kareem El Sawy, the founding partner at Arrowroot Capital, will now join the Appvance Board of Directors team.

The company, as of now, has plans to use the new funds to accelerate growth and expand operations, notes the annuoncement.