About Bitbar
Bitbar is a company based in Helsinki (Finland) founded in 2009 was acquired by SmartBear in August 2019.. Bitbar has raised $3 million across 3 funding rounds from investors including Qualcomm, SmartBear and Finnvera. Bitbar has completed 1 acquisition, including SmartBear. Bitbar operates in a competitive market with competitors including Mozark, Testin, pCloudy, Appurify and DeviceAnywhere, among others.
- Headquarter Helsinki, Finland
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Bitbar
Bitbar has successfully raised a total of $3M across 3 strategic funding rounds. 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2015 | Amount | Series A - Bitbar | Valuation | Inventure |
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| Apr, 2013 | Amount | Series A - Bitbar | Valuation |
investors |
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| Mar, 2012 | Amount | Seed - Bitbar | Valuation |
investors |
| 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 |
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Investors in Bitbar
Bitbar has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Qualcomm, SmartBear and Finnvera. 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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Investments in early-stage tech startups are made by Inventure.
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US focused VC firm
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Founded Year | Domain | Location | |
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Stage agnostic VC firm investing globally
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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 Bitbar
Bitbar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SmartBear. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based tools for software testing and monitoring are offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bitbar
| 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 |
Bitbar Comparisons
Competitors of Bitbar
Bitbar 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 Mozark, Testin, pCloudy, Appurify and DeviceAnywhere, 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 |
Black box observability platform is provided for zero-defect digital experiences.
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| domain | founded_year | HQ Location |
Cloud-based automated testing for mobile apps is provided.
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| domain | founded_year | HQ Location |
Cloud based device lab for application testing
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| domain | founded_year | HQ Location |
Automated mobile testing and optimization on real devices are provided.
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| domain | founded_year | HQ Location |
Cloud-based platform is provided for mobile app and website testing.
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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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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Bitbar
When was Bitbar founded?
Bitbar was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Bitbar located?
Bitbar is headquartered in Helsinki, Finland.
Is Bitbar a funded company?
Bitbar is a funded company, having raised a total of $3M across 3 funding rounds to date.
What does Bitbar do?
Testdroid, by bitbar, offers a suite of developer tools for automated mobile app testing on real devices on public and private clouds. Supports Android, iOS and HTML5 apps. Has three product offerings - Testdroid Recorder - Tool for recording tests, generating reusable Android JUnit test cases and running them in the Cloud. Testdroid Cloud - Online service for real-time testing mobile apps on 250 Android devices and 15 iOS devices hosted by Bitbar. Testdroid Enterprise - Server software for managing automated testing on multiple real Android and iOS devices simultaneously. Customers include eBay, Facebook, Linkedin, Google, Intel, PayPal, Lookout, Flipboard, Evernote, Swiftkey, Pinterest. Offices in Finland, Poland and Silicon Valley, USA. Selected as one of Finlands 12 Hottest Startups 2013 by Business Insider.
How many acquisitions has Bitbar made?
Bitbar has made 1 acquisition, including SmartBear.
Who are Bitbar's investors?
Bitbar has 8 investors. Key investors include Qualcomm, SmartBear, Finnvera, Qualcomm Ventures, and Draper Esprit.
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