When was TestIO founded?

TestIO was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is TestIO located?

TestIO is headquartered in Berlin, Germany.

How many employees does TestIO have?

As of Mar 31, 2026, the latest employee count at TestIO is 1230.

Is TestIO a funded company?

TestIO is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 12, 2012.

When was the latest funding round of TestIO?

TestIO's latest funding was a $***** Series A round on Nov 18, 2015, with participation from 1 investor.

Where does TestIO rank among its competitors?

TestIO ranks 5th amongst 87 active competitors, of which 22 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Bugcrowd, which secured $50M in Nov, 2024.

Who are the top competitors of TestIO?

TestIO's top competitors include Applause, HackerOne and Bugcrowd. Among them, Bugcrowd secured the most recent funding round in November, 2024.

TestIO - 2026 Company Profile, Team, Funding & Competitors

Company Details

TestIO (formerly TestCloud) is an app testing company primarily targeting mobile app testing market which offers crowdsourced testing from its network of testers and as an option; also provides SaaS platform for developers a test management system to go with their own crowd of colleagues or preferred testers as well as automated testing. The company offers exploratory testing, test cases, usability testing, and security testing. Using testCloud’s platform, software development and QA departments can enhance their reach to 11k+ strong network of real-world testers with all types of end devices and operating systems while being able to shorten the testing period.

Website: test.io
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Key Metrics

Founded Year

2011

Location

Berlin, Germany

Stage

Acquired

Total Funding

$5M in 3 rounds

Latest Funding Round

Series A, Nov 18, 2015, $*****

Investors

IBB & 4 more

Ranked

5^th among 87 active competitors

Employee Count

1,230 as on Mar 31, 2026

Similar Companies

Applause & 79 more

Exit Details

Acquired by EPAM (May 13, 2019)

View TestIO's full profile

TestIO is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
test IO GmbH CIN: HRB136795 , Germany, Active	Sep 19, 2011	-	33 (As on Dec 31, 2020)

TestIO got acquired by EPAM on May 13, 2019.

Click here to take a look at TestIO's acquisition in detail

TestIO has raised a total funding of $5M over 3 rounds. Its first funding round was on Mar 12, 2012. Its latest funding round was a Series A round on Nov 18, 2015 for $*****. 1 investor participated in its latest round. TestIO has 5 institutional investors.

Here is the list of recent funding rounds of TestIO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 18, 2015	2787804	Series A	8081979	8001432	6688038	6698874
Oct 08, 2013	2841428	Seed	4119054	6357104	5227267	5155348
Mar 12, 2012	2566276	Angel	2666806	6743323	4338246	7535858

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View details of TestIO's funding rounds and investors

The founders of TestIO are Thomas Gruederich and Jan Schwenzien.

Here are the details of TestIO's key team members:

Thomas Gruederich: Co-Founder of TestIO and founder of 2 other companies, Richmond View Ventures and TestCloud.
Contact Info: 1 email address
Jan Schwenzien: Former Founder & CTO of TestIO and founder of 3 other companies, General Scripting, Richmond View Ventures and TestCloud.
Contact Info: 1 email address
Phil Soffer: CEO of TestIO.

View details of TestIO's Founder profiles and Board Members

TestIO's employee count trend

TestIO has 1,230 employees as of Mar 26. Here is TestIO's employee count trend over the years:

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Top competitors of TestIO include Applause, HackerOne and Bugcrowd. Here is the list of Top 10 competitors of TestIO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Applause 1966, Framingham (United States), Acquired	Platform offering crowdsourced testing solution	$116M	Goldman Sachs, QuestMark Partners & 17 others	80/100
2nd	HackerOne 2012, San Francisco (United States), Series E	AI powered security testing platform	$159M	Dragoneer Investment Group, Benchmark & 7 others	70/100
3rd	Bugcrowd 2012, San Francisco (United States), Series E	Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing	$184M	Rally Ventures, Blackbird Ventures & 20 others	66/100
4th	Intigriti 2016, Antwerp (Belgium), Series B	Provider of security testing and bug bounty platform	$27.2M	ETF Partners, Octopus Ventures & 4 others	60/100
5th	TestIO 2011, Berlin (Germany), Acquired	Continuous and launch testing	$5M	Earlybird, Turn/River & 3 others	60/100
6th	Yes We Hack 2013, Paris (France), Series C	Provider of a global bug bounty and vulnerability management platform	$52M	Eiffel Investment Group, Banque des Territoires ... & 9 others	57/100
7th	Testbirds 2011, Munich (Germany), Series B	Websites and mobile application crowd testing platform	$14.7M	Round2 Capital Partners, b2venture & 14 others	55/100
8th	Global App Testing 2013, San Francisco (United States), Seed	Platform offering crowdsourced app testing solution	-	FPE Capital, Episode 1 Ventures & 1 others	46/100
9th	HackenProof 2017, Tallinn (Estonia), Unfunded	Provider of web3-focused bug bounty and crowdsourced cybersecurity testing platform	-	-	45/100
10th	Rainforest QA 2012, San Francisco (United States), Series B	QA as a service	$42.3M	Rincon Venture Partners, Bessemer Venture Partners ... & 18 others	45/100