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#1248 by ARRMassachusetts, USsmartbear.com ↗

Smartbear

SmartBear sells AI-assisted software quality tools (API lifecycle, test automation, test management, observability) to developers, QA teams and enterprises.

Developer ToolsSoftware TestingAPI ManagementAI Software DevelopmentEnterprise Software
ARR
$139M revenue (est.)
as of Oct 2026
Employees
826
as of Oct 2026
Valuation
—
latest round
ARR / employee
$168K
revenue efficiency
About Smartbear

SmartBear's portfolio includes Swagger (API design and governance), TestComplete, Zephyr, QMetry, Reflect and the AI-agent QA platform BearQ. It also offers GenAI features such as HaloAI. Its tools reportedly serve more than 16 million users at about 32,000 organizations, including Adobe, JetBlue and Microsoft. It is a private, PE-backed software vendor, owned by Francisco Partners with Vista Equity Partners also listed as an investor (Mergr dates the buyout to 2017). It has grown through acquisitions, including Reflect in 2024.

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