Testim

Company Overview

Snapshot

Founded in August 2014 by Oren Rubin, Testim operates with 1–10 employees. The company raised $18 million across 3 funding rounds from 7 investors. Testim was acquired by Tricentis in February 2022.

Business overview

Testim provides a test automation solution designed for agile teams, leveraging machine learning to streamline the authoring, execution, and maintenance of automated test cases. Its core technology utilizes dynamic locators that learn with each execution, aiming to reduce the need for continuous test maintenance with code changes. The company serves markets within the Business Software sector, specifically focusing on IT, R&D, and Data Solutions, and offers its products to software development teams.

Strategic signal

In February 2022, Testim was acquired by Tricentis for $200 million. This acquisition signals a significant consolidation in the test automation market, validating Testim's AI-based approach and providing Tricentis with enhanced capabilities in SaaS test automation. For investors, this demonstrates a successful exit strategy and the increasing value placed on intelligent automation solutions within the software development lifecycle.

Company Intelligence Q&A

What was the most significant corporate event for Testim?

Testim was acquired by Tricentis for $200 million in February 2022, marking a major exit for the company.

When did Testim expand its AI-based testing to developers?

In November 2019, Testim expanded its AI-based testing capabilities to developers and previewed a new development kit.

What product did Testim launch in August 2020?

In August 2020, Testim launched Root Cause, an open-source and cloud service designed to simplify troubleshooting for Puppeteer and Playwright tests.

Which investors participated in Testim's June 2019 funding round?

In June 2019, Testim received funding from investors including SignalFire and Meron Capital.

When did Testim receive recognition for innovation in autonomous testing?

Testim received recognition for innovation in autonomous testing in August 2017.