When was Testlio founded?

Testlio was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Testlio located?

Testlio is headquartered in Austin, United States.

How many employees does Testlio have?

As of Jul 31, 2026, the latest employee count at Testlio is 910.

Is Testlio a funded company?

Testlio is a funded company, having raised a total of $19.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 29, 2013.

When was the latest funding round of Testlio?

Testlio's latest funding was a $***** Series B round on Oct 26, 2021, with participation from 3 investors. Its primary sector is Software Testing Tools. In United States, the Software Testing Tools sector has seen $69.5M in funding in 2026 to date.

Where does Testlio rank among its competitors?

Testlio ranks 5th amongst 54 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Testkube, which secured $8M in Oct, 2025.

Who are the top competitors of Testlio?

Testlio's top competitors include Tricentis, BrowserStack and Cypress. Among them, Testkube secured the most recent funding round in October, 2025.

Testlio - 2026 Company Profile, Team, Funding & Competitors

Testlio is a series B company based in Austin (United States), founded in 2012 by Marko Kruustuk. It operates as a Provider of software testing suite solutions. Testlio has raised $19.3M in funding from investors like Spring Lake Equity Partners, Altos Ventures Management and Vertex Holdings. The company has 54 active competitors, including 10 funded and 5 that have exited. Its top competitors include companies like Tricentis, BrowserStack and Cypress.

Company Details

Testlio is a provider of software testing suite solutions. It provides test automation, localization testing, mobile application testing, usability testing, exploratory testing, payment testing, location testing, regression testing, accessibility testing, real device testing, web, and desktop app testing.

Website: www.testlio.com/
Social

Key Metrics

Founded Year

2012

Location

Austin, United States

Stage

Series B

Total Funding

$19.3M in 4 rounds

Latest Funding Round

Series B, Oct 26, 2021, $*****

Investors

Spring Lake Equity Partners & 12 more

Ranked

5^th among 54 active competitors

Employee Count

910 as on Jul 31, 2026

Similar Companies

Tricentis & 56 more

View Testlio's full profile

Testlio is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TES Software Solutions OÜ CIN: 16077246 , Estonia, Active	Oct 14, 2020	-	-
TESTLIO INC. CIN: 901004677 , United States, Active	Jun 30, 2013	-	9 (As on Dec 31, 2018)	-
TESTLIO INC. CIN: 195382495 , United States, Active	Apr 07, 2022	-	8 (As on Dec 31, 2018)	-

Testlio has raised a total funding of $19.3M over 4 rounds. Its first funding round was on Oct 29, 2013. Its latest funding round was a Series B round on Oct 26, 2021 for $*****. 3 investors participated in its latest round. Testlio has 13 institutional investors.

Here is the list of recent funding rounds of Testlio:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 26, 2021	8285498	Series B	5160053	7598374	4749011	1826694
Apr 12, 2016	2714649	Series A	2262872	4449442	9417621	8720663
Mar 30, 2015	9616628	Seed	9032503	9641793	6210202	Techstars & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Testlio's funding rounds and investors

The founders of Testlio is Marko Kruustuk.

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

Marko Kruustuk: Co-Founder & COO of Testlio.
Steve Semelsberger: CEO of Testlio.

View details of Testlio's Founder profiles and Board Members

Testlio's employee count trend

Testlio has 910 employees as of Jul 26. Here is Testlio's employee count trend over the years:

Uncover Testlio's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Testlio include Tricentis, BrowserStack and Cypress. Here is the list of Top 10 competitors of Testlio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tricentis 2007, Austin (United States), Series B	AI powered software testing suite	$1.5B	ViewPoint Capital Partners, Insight Partners ... & 9 others	75/100
2nd	BrowserStack 2011, Mumbai (India), Series B	Provider of web and mobile application testing and management platform	$253M	Bond Capital, Accel & 16 others	70/100
3rd	Cypress 2014, Atlanta (United States), Series B	Cloud-based unit and integration testing solutions provider	$54.8M	Bessemer Venture Partners, OpenView & 13 others	62/100
4th	SmartBear 2003, Beverly (United States), Acquired	Cloud based software testing platform	-	Vista Equity Partners, Toba Capital & 2 others	59/100
5th	Testlio 2012, Austin (United States), Series B	Provider of software testing suite solutions	$19.3M	Vertex Holdings, Altos Ventures Management ... & 11 others	57/100
6th	TestGrid 2015, Atlanta (United States), Seed	Provider of end to end test automation solutions	-	-	44/100
7th	Zephyr 2007, San Jose (United States), Acquired	Cloud based test management platform	$31M	Frontier Capital, Western Technology Investment ... & 4 others	41/100
8th	Experitest 2008, Tel Aviv (Israel), Acquired	SeeTest Mobile Testing Tools Provider	-	-	39/100
9th	Original Software 1997, Basingstoke (United Kingdom), Funding Raised	Platform offering code-free software testing and automation for enterprise applications	-	iCabbi	36/100
10th	Testkube 2021, Wilmington (United States), Series A	Platform offering kubernetes testing frameworks	$8M	Insight Partners & 1 others	36/100