Functionize, a San Francisco, CA-based AI-powered platform for intelligent software test case creation, has raised $41 million in Series B funding.
Investors
The round was led by Mumford Investments and LHH Investments, with participation from Canvas Ventures and Wipro Ventures.
Functionize Use of Funds
The company will use the funds to advance its agentic automation platform, scale infrastructure and go-to-market teams, expand into new markets, and enhance integrations with leading platforms.
About Functionize
Founded in 2015, Functionize is an AI-driven test automation platform that enables enterprises to generate, execute, and maintain software test cases intelligently and at scale. Its patented agentic automation technology allows organizations to create comprehensive test cases from prompts in minutes, self-heal using AI, and reduce manual testing burdens. Headquartered in San Francisco, California, Functionize serves Fortune 500 and Global 2000 companies.
Funding Details
Company: Functionize, Inc.
Raised: $41.0M
Round: Series B
Funding Date: August 2025
Lead Investors: Mumford Investments, LHH Investments
Additional Investors: Canvas Ventures, Wipro Ventures
Company Website: https://www.functionize.com/
Software Category: AI Test Automation / Quality Assurance
Source: https://www.prnewswire.com/news-releases/functionize-closes-41-million-series-b-to-advance-capabilities-of-its-ai-agents-to-modernize-quality-assurance-and-reduce-enterprise-test-maintenance-costs-by-up-to-90-302532875.html