Appvance Raises $5 million Led by Javelin Venture Partners

Latest funding round drives continued growth in disruptive DevOps-ready QA Automation

SAN JOSE, Calif. – March 2, 2016 – Appvance has closed a $5 million round of venture capital funding led by Javelin Venture Partners to continue its mission to reinvent enterprise software and application testing with the world’s first “DevOps-ready” software quality assurance solution. Appvance’s Unified Test Platform (UTP) helps enterprises improve the quality, performance and security of all their applications as much as 10 times faster and for far less costly than traditional, siloed testing tools.

Appvance provides the first unified enterprise software and application testing platform that answers the needs of both DevOps and quality assurance teams by eliminating redundancies of traditionally siloed approaches to software quality assurance. Appvance’s “write it once” test scripting methodology is designed to seamlessly align with the ways modern applications are developed today—DevOps, agile development processes, continuous integration, frequent releases, rapid test development methods and time-challenged delivery environments.

“As more enterprises adopt rapid development methodologies, QA automation quickly becomes the bottleneck. Everyone knows the legacy tools on the market are not up to the task,” said Appvance CEO Kevin Surace. “Our customers are global 5000 companies that require a complete and robust test automation platform that answers the need for velocity with quality. When enterprises move to agile and DevOps, they need Appvance.”

“We led the investment in Appvance because we recognize the need for DevOps-ready test automation in every enterprise,” said Javelin Managing Director Noah Doyle. “As application development moves to DevOps, agile and continuous delivery, the old siloed tools quickly become a critical bottleneck. Appvance is the only technology we have seen that attacks that problem head-on, delivering speed and productivity improvements, while enhancing quality and security.”

Appvance combines best-of-breed testing modules, including functional, performance, load, app penetration, compatibility, database, DDOS, mobile and more, into a single unified platform that allows test teams to write or record use cases once as well as test apps the way users encounter them, beginning-to-end including UX and API-level tests. This repeatable automation yields real-world results that are superior to protocol-level testing alone.

Appvance will use the funding to expand operations including product development, sales and customer support. In addition to Javelin Venture Partners, the latest round also included H. Barton Investments and Three Bridges Ventures. This is the second round of funding for Appvance, bringing the total amount raised to $7 million.

About Appvance Inc.

Appvance provides the only DevOps-ready unified test automation platform. Built from the ground up with agile and cloud services in mind, Appvance offers true Beginning-to-End data-driven unified functional, performance, compatibility, and synthetic APM testing, enabling users to quickly uncover client-side and server-side issues in a fraction of the time of traditional testing solutions. The Appvance platform drives quality and velocity for DevOps-oriented or traditional development shops, showing 5x to 10x productivity improvements over siloed QA tools. Founded in 2012, Appvance is a venture-backed technology company headquartered in San Jose, CA, with offices in Costa Rica and India and funded by Javelin Ventures, Staenberg Ventures, Social Internet Fund, FundersClub, Three Bridges Ventures and HB Asset Management.

About Javelin Venture Partners
With $335 million under management, Javelin Venture Partners is an early stage venture capital firm specializing in technology based start-ups that leverage key innovations to create scalable, high-growth companies. Javelin Venture Partners’ investment professionals are proven new-technology entrepreneurs who focus on identifying exceptional businesses and management teams, and helping them achieve great success. The firm operates with the culture of a start-up and with an emphasis on being a true partner to entrepreneurs. Javelin Ventures Partners is located in San Francisco, CA, but invests in start-ups throughout the world.

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Media Inquiries:
Brian Blank or Meghana Shendrikar
onechocolate communications for Appvance
appvance@onechocolatecomms.com
(415) 989-9803