Functionize Secures $41 Million to Enhance AI-Driven Quality Assurance

August 19, 2025
Functionize has closed a $41 million Series B funding round to advance its AI-powered platform for software testing, according to a press release. The investment will support the development of autonomous quality assurance capabilities.

Functionize has closed a $41 million Series B funding round to advance its AI-powered platform for software testing, announced in a press release. The round was led by Mumford Investments and LHH Investments, with participation from Canvas Ventures and Wipro Ventures.

The funding will be used to enhance Functionize's agentic automation platform, which allows organizations to generate comprehensive test cases quickly and reduce test maintenance costs by up to 90%. The company plans to scale its cloud infrastructure, expand its go-to-market teams, and build additional data science and engineering teams.

Functionize's platform, which introduced intelligent AI-powered agents, aims to revolutionize software testing by enabling autonomous test creation, execution, and maintenance. In 2024, the platform executed over a billion agentic AI actions, significantly increasing productivity and reducing costs for its enterprise customers.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief, AI Programming Weekly or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

10/16
Viven Emerges From Stealth With $35 Million to Bring AI Digital Twins to Enterprises
10/14
Qualcomm Acquires Arduino and Launches AI-Ready Uno Q Board
10/14
Airtable Acquires DeepSky and Appoints David Azose as CTO
10/13
Barron Venture Partners Launches Fund for Transformative Technologies
10/13
Irys Raises $12.5 Million to Expand AI-Native Insurance Platform

Subscribe to AI Programming Weekly

Weekly news about AI tools for software engineers, AI enabled IDE's and much more.

AI Token Webinar

Market report

AI’s Time-to-Market Quagmire: Why Enterprises Struggle to Scale AI Innovation

ModelOp

The 2025 AI Governance Benchmark Report by ModelOp provides insights from 100 senior AI and data leaders across various industries, highlighting the challenges enterprises face in scaling AI initiatives. The report emphasizes the importance of AI governance and automation in overcoming fragmented systems and inconsistent practices, showcasing how early adoption correlates with faster deployment and stronger ROI.

Read more

You May Also Like