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Exclusive: UserTesting has confidentially filed for an IPO, according to sources

  • UserTesting has submitted a confidential filing for an IPO, three sources tell Insider.
  • The San Francisco-based company makes software for user experience testing.
  • UserTesting has raised a total of $202.5 million in funding, according to PitchBook. 

UserTesting, a startup that makes software for user experience testing, has submitted a confidential filing for an initial public offering, according to three sources who spoke to Insider on the condition of anonymity because the information is private.

Founded by tech executives Darrell Benatar and Dave Carr in 2007, UserTesting allows its customers to get feedback on their websites by offering to pay people to complete certain tasks while recording on-screen actions. Andy MacMillan, a former COO at Salesforce, joined the company as CEO in May 2018.

The company has more than 2,000 subscription customers, including Samsung, Wayfair, Adobe and Ford, according to its website.

Representatives for UserTesting could not be immediately reached for comment.

Headquartered in San Francisco, UserTesting has raised a total of $202.5 million in funding, according to PitchBook.

It last received $3.2 million of grant funding in November 2020 from Scottish Enterprise, Scotland’s national economic development agency. Previously, the company raised $100 million in venture funding from Insight Partners along with other investors including Accel, OpenView Venture Partners, and Greenspring Associates in February 2020. 

Insider previously reported that UserTesting could be an acquisition target for

Zoom
, which announced on Sunday plans to acquire contact center software maker Five9 for $14.7 billion in stock. 

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