Announcement: Appvance.ai Reports Strong Growth

Appvance.ai Grows Sales 102 Percent and
Doubles Its Customer Base

Strong Demand for AI Driven Testing Triggers
Fast Growth for Software Test Automation Company

SUNNYVALE, CA • January 23, 2018: Appvance.ai announced today that sales of its software test automation system grew 102 percent in 2017 over the same period in 2016. The strong growth was catalyzed by the introduction of AI scripting in September 2017, and has led to a doubling of the company’s customer base.

“We are seeing tremendous interest in AI scripting from SaaS companies, from banks, from media companies, and from a new generation of efficiency-focused testing services providers,” said Kevin Surace, CEO and cofounder of Appvance.ai.

The introduction of AI scripting in September 2017 catalyzed growth.

New Appvance.ai customers in 2017 came from the software, media, financial services, and testing services industries. Specific to software, online software companies are particularly interested in Appvance’s AI-driven, unified test automation system because its continuous testing capabilities aid their software delivery velocity, while its user-driven instant scripts give them complete coverage and virtually labor-free regression testing. As to testing services companies, Appvance.ai allows onshore providers to more than effectively compete with offshore body-shops, presaging a disruptive change in that $28 billion market.

“Software test automation has been around for three decades without making a dent in the crippling labor intensity of software testing,” said Surace, “Appvance and our customers are starting to reap the rewards of a test automation system that finally fixes that. We therefore expect 2018 to be a watershed year.”

About Appvance.ai

Appvance.ai is the leader in AI-driven test generation, which is revolutionizing how software testing is performed. The company’s premier product is Appvance IQ, the world’s first AI-driven, unified test automation system. It helps enterprises improve the quality, performance and security of their applications, while transforming the efficiency and output of testing teams.

Appvance.ai is headquartered in Sunnyvale, California, with offices in Costa Rica and India. Investors in the company include Javelin Ventures, Staenberg Ventures, Social Internet Fund, FundersClub, Three Bridges Ventures and HB Asset Management.

Learn more at Appvance.ai.

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