Functionize, an AI-powered software testing company, announced it has raised a $41 million Series B round led by Mumford Investments and LHH Investments. The new funding brings the San Francisco-based company’s total to more than $67 million since its launch in 2015.
Functionize provides an AI platform that automates the creation, execution and maintenance of software test cases. Its technology is designed to reduce repetitive work, lower testing costs and enable both technical and non-technical teams at large enterprises to deliver higher quality software faster. The platform is used by Fortune 500 and Global 2000 companies.
With the fresh capital, Functionize plans to advance its patented agentic automation platform, expand its cloud infrastructure and grow its engineering and go-to-market teams. The company also intends to broaden its reach into new industries, enhance integrations with major software providers and continue pushing toward its long-term vision of fully autonomous, AI-driven quality assurance.
