Asset Manager

Updated:

Applitools

Applitools licenses a Visual AI engine to enterprise DevOps teams, backed by over $160M from Insight Partners and Scale Venture Partners.

Applitools

Applitools was founded in 2013 by Gil Sever and Adam Carmi in Tel Aviv, later establishing its commercial headquarters in San Mateo, California. The company's Visual AI engine evaluates application interfaces the way a human eye would, detecting rendering defects and layout regressions that scripted test frameworks miss. The firm operates as an enterprise-software vendor rather than a fund, selling its Applitools Eyes and Ultrafast Grid tools into development toolchains. Customers integrate the technology with Selenium, Cypress, and Microsoft Playwright. Known deployments include teams at Salesforce, Mastercard, and American Express, where automated visual validation runs across thousands of browser-and-device permutations inside CI/CD pipelines. Applitools raised over $160M across multiple venture rounds, with named backers including Insight Partners and Scale Venture Partners. The team operates from San Mateo, Tel Aviv, and additional engineering hubs. In October 2023, the company launched a self-healing capability within its Ultrafast Grid that automatically updates baseline screenshots when UI changes are intentional (per the firm's official communications). Structurally, Applitools is distinguished by its licensing of a core AI model rather than any fund structure. Its co-founders retain operating control through a board that includes Insight Partners' Lonne Jaffe. The technology's focus on functional visual testing gives the company a narrow but defensible moat, since the underlying model has been trained on billions of proprietary pixel-level comparisons that generic computer-vision APIs have not replicated.

General information

Firm type

Asset Manager

Year founded

2013

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Mateo

Corporate office

San Mateo, CA, United States

Principals

Gil Sever

Co-Founder & CEO

Adam Carmi

Co-Founder & CTO

Sector focus

Enterprise SoftwareAI/ML

Frequently asked questions

Who runs day-to-day product and engineering decisions at Applitools?

Co-founder and CTO Adam Carmi leads the technology roadmap, while co-founder Gil Sever handles commercial operations as CEO. The two have run the company jointly since 2013. Carmi previously held engineering leadership roles at Mercury Interactive and HP Software.

What is Applitools' actual business model — is it a fund or an operating company?

Applitools is a venture-backed enterprise-software company, not an investment fund. It sells annual SaaS licenses for its testing tools. It does not deploy capital into external companies, nor does it manage third-party assets.

Which investors have backed Applitools, and at what scale?

Public records show Applitools raised over $160M total. Insight Partners led its largest round, with Scale Venture Partners, Magma Venture Partners, and others also participating. Insight's Lonne Jaffe sits on the board.

What makes its 'Visual AI' engine different from running Selenium screenshot comparisons?

The core difference is the trained model's ability to ignore pixel anti-aliasing and focus on user-visible layout shifts, mimicking human-eye perception. The engine was trained on Applitools' own dataset of hundreds of millions of UI state comparisons, which the company cites as its primary competitive barrier.

Where are Applitools' engineering and commercial teams located?

Commercial headquarters are in San Mateo, California, with an engineering base in Tel Aviv, Israel. The firm also maintains additional development centers. This dual-structure arrangement is common among Israeli-founded enterprise-software companies.

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