Functionize Raises $41M Series B to Accelerate the Future of Autonomous Quality Assurance

We’re excited to share some big news: Functionize has closed a $41 million Series B funding round, bringing our total funding to over $67 million since our founding in 2015. This round was led by Mumford Investments and LHH Investments, with continued support from Canvas Ventures and Wipro Ventures.

This investment marks a major milestone in our mission to help enterprises innovate faster, release with confidence, and eliminate the heavy lift of traditional QA. Our patented agentic AI platform is already transforming how software testing is created, executed, and maintained, and now, we’re taking it even further.

The Road to Fully Autonomous QA

Functionize is already accelerating the future of QA- a future that is:

• Autonomous - powered by AI agents that continuously learn, adapt, and self-correct
• Seamless - embedded effortlessly into agile and DevOps workflows
• Impactful - shortening release cycles, eliminating repetitive work, and empowering teams to focus on innovation

Current Functionize customers recognize this future. In 2024 alone, they ran over one billion agentic AI actions in the Functionize platform. These intelligent agents have:

• Reduced test maintenance costs by up to 90%
• Delivered 10x productivity gains
• Enabled both technical and non-technical users to build and maintain tests in minutes, not days

Unlike traditional tools, our AI-powered agents generate, execute, diagnose, and self-heal test cases with minimal human input, bringing enterprises closer to fully autonomous quality assurance that runs seamlessly within development sprints.

According to Tamas Cser, Founder and CEO, “We’ve set a new industry standard for intelligent, scalable test automation that makes measurable business impact. This investment brings us closer to fully autonomous QA that operates within sprints, requires minimal human intervention, and extends our value to address broader CIO workflow inefficiencies beyond functional testing.”

What’s Next for Functionize

Functionize is doubling down on advancing our agentic automation platform to make test creation and self-healing even faster and smarter, helping teams move with greater speed and confidence. To support this momentum, we’re scaling our cloud infrastructure to meet the growing demands of enterprise customers while expanding our go-to-market and engineering teams so we can serve more organizations around the world. We’re also enhancing integrations with leading applications and platform providers, making it easier for customers to seamlessly fit intelligent QA into their workflows. And as we continue to push the boundaries, we’re exploring new industry verticals and markets where intelligent QA can deliver even greater impact.

The industry already recognizes and supports this momentum. As JD Mumford, Partner, Mumford Investment, states, “Functionize is running agentic processes at scale with enterprise customers, and is the only agentic AI test automation company that delivers autonomous test creation, execution, maintenance, and documentation at a scale and speed unmatched by human labor or traditional script-based tools. We are proud to support the next chapter of their growth story.” This validation underscores not only the innovation behind our platform, but also the tangible value it’s bringing to enterprises today.

Learn More

Read the Full Press Release: Get the complete story on our Series B.
Talk to an Expert: Find out how Functionize can help you modernize QA.
Request a Demo: See agentic AI-powered testing in action.

Explore how Functionize’s AI-powered agents can transform your QA process and help you deliver better software faster: www.functionize.com

‍