About TestIO
TestIO is a company based in Berlin (Germany) founded in 2011 was acquired by Epam in May 2019.. TestIO has raised $5 million across 3 funding rounds from investors including Epam, Turn/River and Investitionsbank Berlin. The company has 33 employees as of December 31, 2020. TestIO offers products and services including Crowdtesting, Automated Testing, and ReportPortal. TestIO operates in a competitive market with competitors including Applause, Bugcrowd, Testbirds, UNGUESS and Rainforest QA, among others.
- Headquarter Berlin, Germany
- Employees 33 as on 31 Dec, 2020
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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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- Legal Name Test Io Gmbh
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Products & Services of TestIO
TestIO offers a comprehensive portfolio of products and services, including Crowdtesting, Automated Testing, and ReportPortal. 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.
Platform for real-world testing with diverse users and environments
Solutions for efficient software testing and continuous integration
Tool for managing and analyzing test results effectively
Funding Insights of TestIO
TestIO has successfully raised a total of $5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in November 2015. 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 Series A — $5.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2015 | Amount | Series A - TestIO | Valuation | Turn/River |
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| Oct, 2013 | Amount | Seed - TestIO | Valuation | IBB |
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| Mar, 2012 | Amount | Angel Round - TestIO | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 TestIO
TestIO has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Epam, Turn/River and Investitionsbank Berlin. 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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Investitionsbank Berlin is engaged in providing funding and financial support for businesses, real estate, and social projects in Berlin.
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Provider of software development, data analytics, and other IT suite services
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 TestIO
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TestIO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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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Testio Comparisons
Competitors of TestIO
TestIO 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 Applause, Bugcrowd, Testbirds, UNGUESS and Rainforest QA, 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 |
Crowdsourced testing platforms are offered for software quality assurance.
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Crowdsourced penetration testing for web applications is provided.
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| domain | founded_year | HQ Location |
Crowd-testing platform for websites and mobile applications is operated.
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Crowd testing, quality optimization, experience, and security solutions are provided.
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QA as a service
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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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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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Latest news on Testio
Frequently Asked Questions about TestIO
When was TestIO founded?
TestIO was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is TestIO located?
TestIO is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is TestIO a funded company?
TestIO is a funded company, having raised a total of $5M across 3 funding rounds to date.
How many employees does TestIO have?
As of Dec 31, 2020, the latest employee count at TestIO is 33.
What does TestIO do?
TestIO was founded in 2011 in Berlin, Germany, and operates in the software testing sector. Crowdsourced testing services are offered through a network of over 11,000 testers equipped with various devices and operating systems. A SaaS platform is provided for test management, supporting exploratory testing, test cases, usability testing, and security testing. Automated testing options are also available to development and QA teams, enabling shortened testing cycles.
Who are the top competitors of TestIO?
What products or services does TestIO offer?
TestIO offers Crowdtesting, Automated Testing, and ReportPortal.
Who are TestIO's investors?
TestIO has 3 investors. Key investors include Epam, Turn/River, and Investitionsbank Berlin.
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