# test IO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/test-io

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.test.io
- Total disclosed funding: $5M
- Latest round: Series A (Jun 5, 2015)
- Investors on record: 1

## About

Test IO GmbH is a Berlin-based company that specializes in high-quality crowdtesting solutions, integrating innovative methodologies to enhance software quality assurance.Founded in 2011 in Berlin, Germany, Test IO focuses on providing crowdtesting services tailored to meet the diverse quality assurance needs of clients. The company has executed a total of 3 deals, with the most recent one occurring on May 21, 2019, when they completed a Series A funding round led by Turn/River Capital, raising USD 5.00 mn. The company is not known to have undergone any significant pivots or changes in operations since its inception, and it does not have any listed parent companies or subsidiaries. The firm has a current valuation of USD 33.37 mn.Test IO specializes in delivering high-quality crowdtesting solutions that integrate crowdtesting methodologies, artificial intelligence, and human insights to address various quality assurance challenges. Their core offerings encompass a wide range of testing services, including Payments Testing, Human Experience Testing, Functional Testing, Regression Testing, and Accessibility Testing. These services are designed to cater to the unique requirements of clients across multiple industries, including retail, eCommerce, insurance, and financial services. By leveraging a global network of professional and freelance testers, Test IO provides customizable and scalable solutions that facilitate real-world testing scenarios, ensuring that products meet diverse user expectations in dynamic environments. Their services are available in key geographical markets, including North America, Europe, and Asia.Test IO operates on a business model that emphasizes flexibility and scalability in its service offerings. The company's revenue streams are derived primarily from partnerships with clients that engage in subscription-based testing services. These partnerships enable clients to access Test IO’s extensive community of testers and advanced testing platforms on an on-demand basis. Specific pricing plans are structured according to the type and scope of testing services offered, including comprehensive packages tailored to meet complex testing requirements. The firm’s flagship offerings, such as the Testinator autonomous AI agent, exemplify their commitment to innovation and efficiency in quality assurance. By integrating these products into their service model, Test IO positions itself to maximize value for its clients while maintaining a competitive cost structure relative to traditional in-house QA solutions.Following the acquisition by EPAM Systems, Inc. in August 2019, Test IO is poised for strategic growth by leveraging EPAM's resources to enhance its product offerings. The focus will be on launching new crowdtesting products scheduled for release in the coming years while expanding into additional markets in North America and Asia by 2025. The recent funding will be instrumental in supporting these initiatives, particularly in developing advanced testing solutions to meet evolving client needs.

## Funding rounds

- Series A, Jun 5, 2015, $5M — Turn/River Capital

## Investors

- Turn/River Capital (https://capitalatlas.ai/funds/turn-river-capital) — Series A