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 Jun 30, 2026, the latest employee count at Testlio is 907.

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.

Where does Testlio rank among its competitors?

Testlio ranks 5th amongst 58 active competitors, of which 12 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 SmartBear. 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 Kristel Kruustuk and 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 58 active competitors, including 12 funded and 5 that have exited. Its top competitors include companies like Tricentis, BrowserStack and SmartBear.

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 58 active competitors

Employee Count

907 as on Jun 30, 2026

Similar Companies

Tricentis & 60 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	5728182	Series B	2280139	6086153	8828131	6976248
Apr 12, 2016	8131447	Series A	3292650	5540483	8283998	5817617
Mar 30, 2015	5893164	Seed	9602885	4945388	7855591	Techstars & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Testlio's funding rounds and investors

The founders of Testlio are Kristel Kruustuk and Marko Kruustuk.

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

Kristel Kruustuk: Founder And Board Director of Testlio. They are also an angel investor in 1 startup.
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 907 employees as of Jun 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 SmartBear. 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	Insight Partners, ViewPoint Capital Partners ... & 8 others	75/100
2nd	BrowserStack 2011, Mumbai (India), Series B	Provider of web and mobile application testing and management platform	$253M	Bond Capital, Insight Partners & 16 others	70/100
3rd	SmartBear 2003, Beverly (United States), Acquired	Cloud based software testing platform	-	Vista Equity Partners, Toba Capital & 2 others	64/100
4th	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
5th	Testlio 2012, Austin (United States), Series B	Provider of software testing suite solutions	$19.3M	Finger Group, Vertex Holdings & 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, Cervin & 4 others	41/100
8th	Experitest 2008, Tel Aviv (Israel), Acquired	SeeTest Mobile Testing Tools Provider	-	-	39/100
9th	Runnable 2012, Palo Alto (United States), Seed	Platform to run and test code on self-managed environments	$2.12M	Sierra Ventures, AngelPad & 5 others	37/100
10th	Testkube 2021, Wilmington (United States), Series A	Platform offering kubernetes testing frameworks	$8M	Insight Partners & 1 others	36/100