Functionize raises $16 million to automate software testing with AI

Functionize, a San Jose, California-based startup developing a cloud-based platform that autonomously susses out software bugs, today announced that it has raised $16 million in series A financing contributed by Canvas Ventures. The capital infusion -- which comes after a $2.5 million seed round in February 2018 and brings the company's total raised to $18.2 million, according to Crunchbase -- will be used to "accelerate adoption" of its platform, said CEO and founder Tamas Cser. "Software testing has endured what I term a'QA winter,'" Cser, who cofounded Functionize with Ray Grieselhuber in 2015, said. "This means developers and testers still maintain tests the same way as they did in the early ages of the internet. Functionize's software as a service (SaaS) integrates with DevOps platforms like Bamboo, Jenkins, and AWS CodePipeline, and leverages natural language processing to enable developers to type out tests in plain English, which it converts into test cases.