# Functionize

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/functionize

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.functionize.com
- Total disclosed funding: $57M
- Latest round: Series B (Aug 19, 2025)
- Investors on record: 3

## About

Functionize, Inc. is a company that develops an Enterprise AI Test Automation Platform, combining AI technology with digital workflows to enhance quality assurance processes in various industries.Functionize, Inc., founded in 2014, is headquartered in San Francisco, US. The company focuses on providing a robust AI-driven test automation solution that caters to large enterprises. Tamas Cser, the founder and CEO, leads the company, which has undergone four funding deals, with its most recent being a Series A round in July 2021, led by Canvas Ventures, raising USD 16.00 mn and bringing the total amount raised to USD 16.00 mn with a current valuation of USD 36.05 mn.Functionize specializes in an Enterprise AI Test Automation Platform, integrating advanced AI technology with digital workers to streamline quality assurance (QA) testing and various business workflows. The platform includes a suite of agentic digital workers that generate, diagnose, maintain, document, and execute testing protocols. These agents utilize patented deep learning models and a decade's worth of enterprise data to adapt seamlessly to operational environments, particularly benefiting large enterprises such as Fortune 500 companies, enhancing testing efficiency across industries like finance, healthcare, and technology. Functionize’s solutions are deployed globally, with a strong customer base located in North America, Europe, and Asia, automating complex workflows in applications such as ServiceNow and Workday.Functionize operates on a subscription-based revenue model, granting clients access to its comprehensive suite of AI-driven testing solutions. Clients enter into partnerships that leverage the platform's capabilities, emphasizing long-term commitments. The flagship products include various AI agents that enhance testing processes, providing labor cost savings and improved operational efficiency. Pricing structures are tailored to meet the specific needs of enterprises, ensuring continuous support and updates throughout the subscription period, fostering collaboration for ongoing improvement in testing processes. In August 2025, Functionize, Inc. raised USD 41 million in series B funding co-led by LHH investments and Mumford Investments, with participation from Canvas Ventures and Wipro Ventures. The company will use the August 2025 funding to hire more engineers and data scientists, accelerate its go-to-market efforts, and grow its international presence.

## Funding rounds

- Series B, Aug 19, 2025, $41M — Wipro Ventures, Canvas Prime, Mumford Investments
- Series A, Jan 10, 2019, $16M — Canvas Prime

## Investors

- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series A, Series B
- Wipro Ventures (https://capitalatlas.ai/funds/wipro-ventures) — Series B
- Mumford Investments — Series B