The Venture Codex Logo

The Venture Codex

TRI HoldCo

600 Coolidge Drive, Suite 300, Folsom, CA, 95630, United States

Overview

TRI HoldCo creates financial security for our stakeholders by building and investing in uniquely positioned companies across industries.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Financial Services
  • Professional Services
Visit website

Investment portfolio

  • Appvance.ai

    Participated · Series C · Jan 2022

    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.