About Appvance.ai
Appvance.ai is a company based in Santa Clara (United States) founded in 2013 by Frank Cohen.. Appvance.ai has raised $24.17 million across 4 funding rounds from investors including FundersClub, Arrowroot Capital Management and TRI HoldCo. The company has 25 employees as of December 31, 2022. Appvance.ai offers products and services including AIQ Platform, Autonomous Testing, AI Script Generation, Test Execution, and Test Results Reporting. Appvance.ai operates in a competitive market with competitors including Launchable, mabl, Diffblue, BlinqIO and Autify, among others.
- Headquarter Santa Clara, United States
- Employees 25 as on 31 Dec, 2022
- Founders Frank Cohen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Appvance Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.17 M (USD)
in 4 rounds
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Latest Funding Round
$13 M (USD), Series C
Jan 18, 2022
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Investors
FundersClub
& 8 more
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Employee Count
25
as on Dec 31, 2022
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Products & Services of Appvance.ai
Appvance.ai offers a comprehensive portfolio of products and services, including AIQ Platform, Autonomous Testing, AI Script Generation, Test Execution, and Test Results Reporting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven system for comprehensive software quality assurance and testing.
AI-piloted exploration of application functionality for efficient testing.
Generates self-healing scripts for web and mobile applications.
Designs scenarios to assess feature quality across environments.
Provides dashboards for viewing and analyzing test trends.
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Funding Insights of Appvance.ai
Appvance.ai has successfully raised a total of $24.17M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $13.0M
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First Round
First Round
(07 May 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Appvance.ai | Valuation | Arrowroot Capital Management | |
| Jan, 2019 | Amount | Series B - Appvance.ai | Valuation |
investors |
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| Feb, 2016 | Amount | Series A - Appvance.ai | Valuation | Javelin Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Appvance.ai
Appvance.ai has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include FundersClub, Arrowroot Capital Management and TRI HoldCo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Buyout focused private equity firm for software companies
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Founded Year | Domain | Location | |
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TRI HoldCo is engaged in building and investing in companies.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in US companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Appvance.ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Appvance.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appvance.Ai Comparisons
Competitors of Appvance.ai
Appvance.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Launchable, mabl, Diffblue, BlinqIO and Autify, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI platform is used for continuous software testing and prioritization.
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| domain | founded_year | HQ Location |
Automated functional testing is enabled through machine learning.
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| domain | founded_year | HQ Location |
AI-based automated testing and code automation solutions are provided.
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| domain | founded_year | HQ Location |
An AI-powered platform for automated software testing is offered.
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| domain | founded_year | HQ Location |
AI-powered platform for software testing automation is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appvance.Ai
Frequently Asked Questions about Appvance.ai
When was Appvance.ai founded?
Appvance.ai was founded in 2013.
Where is Appvance.ai located?
Appvance.ai is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of Appvance.ai?
Kevin Surace is the current CEO of Appvance.ai.
Is Appvance.ai a funded company?
Appvance.ai is a funded company, having raised a total of $24.17M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on May 07, 2013.
How many employees does Appvance.ai have?
As of Dec 31, 2022, the latest employee count at Appvance.ai is 25.
What does Appvance.ai do?
Appvance.ai was founded in 2013 in Santa Clara, United States, and operates in the software testing sector. An AI-based platform is offered for generating and executing end-to-end tests to assess application performance, quality, and security. Support is provided for penetration testing, functional testing, and other types, along with detailed test reports. Operations focus on enabling efficient testing processes for various applications.
Who are the top competitors of Appvance.ai?
Appvance.ai's top competitors include Diffblue, Launchable and mabl.
What products or services does Appvance.ai offer?
Appvance.ai offers AIQ Platform, Autonomous Testing, AI Script Generation, Test Execution, and Test Results Reporting.
Who are Appvance.ai's investors?
Appvance.ai has 9 investors. Key investors include FundersClub, Arrowroot Capital Management, TRI HoldCo, Javelin Venture Partners, and Javelin Ventures.
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