Functionize Raises $16M For Cloud-Based Testing Tool

Functionize, a vendor of a cloud-based software testing solution, has announced the closing of a Series-A investment of $16 million led by Canvas Ventures. This financing accelerates the market adoption of Functionize’s proprietary natural language processing (NLP) solution for enterprise-level software testing. Now testers and developers can experience the true value of a cloud-first approach, expediting testing and speeding up the entire development cycle.

Since 2015, Functionize has been delivering the first AI-powered autonomous cloud-based testing platform to automate the process of testing web applications. Functionize seamlessly integrates with popular CI/CD tools, boosting software quality throughout development and production. Additionally, autonomous testing provides valuable insights on how customers interact with websites in real time. Current customers include TOTVS, Zenefits, and Agvance and a first-class partner ecosystem including Google, SHI, Wipro, Marlabs, and SQALogic.