2 SaaS Startups in the Test and Measurement Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Test and Measurement industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Test and Measurement industry.

Testlio

Testlio helps businesses deliver amazing customer experiences by providing a community of highly vetted testers and an end-to-end QA management platform. They assemble your dedicated QA dream team from their vetted, experienced, and passionate tester community. Their platform seamlessly integrates into the tools that you already use and connects you with the team giving you a high degree of visibility. They work around the clock and around the world, on any platform, so you hit every deadline and launch better products, faster. Their customers include Microsoft, Lyft, Salesforce, CBS Interactive, Flipboard, Strava. Learn more at testlio.com

Company details:
Founders:
Kristel Kruustük, Marko Kruustuk
Founded:
2012
Based in:
San Francisco, California, United States
Website:
Testlio
Industries:
Developer Tools, Mobile, SaaS, Software, Test and Measurement
Latest funding:
$12,000,000
Series B
26 October 2021
Total funding:
$19,488,000
Investors
Techstars, Vertex Ventures, Right Side Capital Management, Altos Ventures, Spring Lake Equity Partners

UpGuard

UpGuard's proprietary technology tests an organization's IT infrastructure both internally and externally and calculates the potential risk for future intrusions and outages. Upon evaluating the ongoing configuration state of every server and network device, companies are given an easy-to-understand score called CSTAR — a single number which indicates to IT staff as well as their executives their risk level for data breaches. An organization's CSTAR score can even be used by corporate insurers in creating a cybersecurity insurance policy. Thousands of companies, including ADP, E*TRADE, and Cisco Systems, use UpGuard to validate infrastructure, continuously detect risks, and procure cybersecurity insurance. UpGuard is headquartered in Mountain View, California with offices in Portland, Oregon.

Company details:
Founders:
Alan Sharp-Paul, Mike Baukes
Founded:
2012
Based in:
San Francisco, California, United States
Website:
UpGuard
Industries:
Cyber Security, Enterprise Software, Insurance, Intelligent Systems, SaaS, Software, Test and Measurement
Latest funding:
$19,000,000
Series B
9 June 2021
Total funding:
$47,405,222
Investors
500 Global, Square Peg Capital, Valar Ventures, Startmate, August Capital

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