Tech Company Financing Transactions
Functionize Funding Round
Functionize secured a $41 million Series B financing round on 8/19/2025. Investors included Canvas Ventures and Wipro Ventures.
Transaction Overview
Company Name
Announced On
8/19/2025
Transaction Type
Venture Equity
Amount
$41,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its vision of fully autonomous, AI-driven quality assurance, specifically, it will be directed to: Enhance integrations with leading applications and platform providers. Advance the development of its patented agentic automation platform, allowing organizations to generate comprehensive test cases in minutes from prompts and self-heal using agentic AI. Scale its cloud infrastructure to meet growing enterprise demand. Scale go-to-market teams and build additional data science and engineering teams. Support expansion into new markets and industry verticals.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
156 2nd St.
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Functionize delivers an autonomous testing platform that incorporates AI and machine learning technologies to automate the painstaking software testing process. The Functionize cloud-based platform enables enterprise teams to rapidly accelerate software development while eliminating traditional test scripts, test maintenance and the need for a large QA team.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tamas Cser
Vice President
Daniel Gannon
VP - Customer Service
Elizabeth Choiniere
VP - Operations
Matthew Young
VP - Sales
Brad Kalloway
VP - Sales
Geoffrey Shenk
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Where The Data Comes From
We report on funding rounds that are announced publicly. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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