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Venture Capital News: Functionize Inks $41M Series B Round

2025-08-19
SAN FRANCISCO, CA, Functionize today announced the close of a $41 million Series B funding round.
Functionize, an AI-powered platform used for the intelligent creation of software test cases, today announced the close of a $41 million Series B funding round, bringing its total funding to over $67 million since its inception in 2015. The round was led by Mumford Investments and LHH Investments, with follow-on participation from Canvas Ventures and Wipro Ventures. This investment furthers Functionize's mission to empower enterprises to innovate faster by eliminating repetitive work through intelligent, self-correcting automation.

Functionize is an AI-powered platform used for the intelligent creation of software test cases. It empowers enterprises, including Fortune 500 and Global 2000 organizations, to achieve faster delivery of higher quality software at a lower cost by reducing testing maintenance burdens, increasing automation, and enabling both technical and non-technical users. Functionize provides support for complex flows and supports integration with leading system integrators.
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