Appvance Raises $5 Million in Funding
March 09, 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 its “DevOps-ready” software quality assurance solution.

Appvance's unified enterprise software and application testing platform 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 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.

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