Staenberg Ventures
2121 Terry Avenue, Suite 1403, Seattle, WA, 98121, United States
Overview
Staenberg Venture Partners is a Seattle-based venture capital firm focused on the technology industry. With $100 million under management, they invest at all stages of company development from concept to maturity. By leveraging an extensive partner network in Silicon Valley and the Pacific Northwest, their firm provides a unique and important bridge between these two technology centers. Staenberg Venture Partners provides more than just financial contributions. They help their portfolio companies build winning management teams and obtain access to expert resources. All of their Limited Partners work in the high-tech industry, many playing influential roles. They add value through consulting to early-stage companies and co-invest in later-stage companies alongside other institutional funds.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
- Manufacturing
- Venture Capital
Investment portfolio
- Appvance.ai
Led · Equity · May 2013
Appvance is a Santa Clara, CA–based AI-driven software testing technology company led by CEO Andre Liao. Its core product is Appvance IQ (AIQ), a Level 5 unified test automation system that uses an AI/ML engine to design, generate and independently execute tests for sophisticated web and mobile applications with no human intervention. The platform is designed to improve application quality, performance and security while transforming the efficiency and output of testing teams. The company has additional offices in Costa Rica and India. Appvance raised $13M in a Series C financing and intends to use the funds to accelerate growth and expand operations. Appvance develops Appvance IQ, an AI-driven unified test automation platform that autonomously generates and executes end-to-end tests for web and mobile web applications. The system combines 19 machine-learning algorithms and a proprietary code generator to create open-source JavaScript tests, and the company claims the ability to create 6,000 unique scripts in under 10 minutes. Appvance models testing autonomy in Levels 0–5 and says it has achieved Level 5 true testing autonomy with features such as self-healing scripts and automatically generated data-driven regression tests. The product integrates with CI/CD and developer tools including Jenkins, TeamCity, CircleCI, TFS, GIT and Jira, and is available to select enterprise-class customers via an exclusive engagement process. Appvance reports customer-measured benefits including up to 90% reductions in QA time and 20x improvements in real-world test coverage. The company is headquartered in Sunnyvale, California, with additional offices in Costa Rica and India. Appvance has raised a total of $12M to develop and deploy its AI-driven testing technology. Appvance offers a unified platform for enterprise software and application testing that consolidates multiple testing modules into a single solution. Its platform combines functional, performance, load, application penetration, compatibility, database, DDoS, mobile and other testing modules. Test teams can write or record use cases once and test applications the way users encounter them, including UX and API-level tests. The company plans to use new funds to expand operations, including product development, sales and customer support. Appvance was founded in 2012 and is led by CEO Kevin Surace, with additional offices in Costa Rica and India. Financially, the company has raised $7M in total to date. Appvance provides enterprise-grade performance validation and testing for Web, Mobile Web, HTML5, Ajax and RIA applications, and builds and runs test suites for SOAP and REST services. Its Appvance Enterprise platform offers a 100% graphical environment and can simulate up to millions of concurrent requests, enabling reuse of tests for functional, performance and production monitoring. The company emphasizes finding complex performance bottlenecks other platforms miss and targets large customers including Fortune 1000 accounts. Appvance reports rapid adoption within large enterprises and says the recent financing will support growth of features and customer support. Appvance was founded in 2012 as PushToTest Inc., acquired the assets of the TestMaker open-source project, and rebranded to Appvance in March 2013. The company is venture-backed and headquartered in San Jose, CA.
Team
No current team members are available.