Fundraising Fox
Functionize
San Francisco, US · Founded 2011 · Delaware corporation · 141 employees on LinkedIn · 7 known investors
Find your way into Functionize
Sign up to see every warm intro you have to Functionize
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Functionize team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
AI-powered test automation platform using intelligent agents to build and maintain software tests.
Founders & leadership
Functionize was founded in 2011 by Tamas Cser.
RG
Investors · 7
1Flourish Capitallisted by 1Flourish CapitalMountain View
How we know: 1Flourish Capital's portfolio page · Not right? Tell us
Canvas Ventureslisted by Canvas VenturesPortola Valley · $5M – $20M
How we know: Canvas Ventures's portfolio page · a partner's Signal profile · funding news · isvworld.com · Not right? Tell us
Wipro Ventureslisted by Wipro VenturesBengaluru · $1M – $10M
How we know: Wipro Ventures's portfolio page · prnewswire.com · the VCSheet dataset · Not right? Tell us
Also in the syndicate · 4
CanvasLHH InvestmentsleadMumford InvestmentsleadWipro
Funding
SEC filings, press & company announcements$57.7M disclosed across 3 of 5 rounds · 2016–2026
- Undisclosed amountSeries BMay 2026Source ↗
- $41MSeries BAug 2025 · 2 sources
LHH Investments (lead), Mumford Investments (lead), Canvas, Canvas Ventures, Wipro, Wipro Ventures
Source ↗ - $16MSeries AMar 2019 · 2 sourcesSource ↗
▶$687.5KraisedAug 2016 · 14 investors · Other TechnologyRule 506(b)
▶$687.5KraisedAug 2016 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ray GrieselhuberExecutive Officer, Director
- Tamas CserExecutive Officer, Director, Promoter
- Offering amount
- $750K
- Amount sold
- $687.5K
- First sale
- Aug 2016
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through Functionize went on to found or lead other companies.
Related companies · 10
BrowserStackBrowserStack provides a cloud-based software testing platform for scaling test automation across 3,500+ browser-device combinations on a real device cloud, aimed at development and QA teams. Its offerings cover cross-browser and browser automation testing, WCAG accessibility compliance testing, AI-driven test management, and visual testing, with integrations for major frameworks and CI/CD pipelines.
TestsigmaTestsigma is a quality intelligence platform that uses AI agents to detect testing gaps at each code commit and generate self-healing automated tests across web, mobile, API, and Salesforce. It serves engineering and QA teams, scoring release confidence with a human approval step before shipping.
KatalonKatalon provides a software test automation platform that supports web, mobile, desktop, and API testing with integrations and quick setup. It offers a product called Studio Enterprise aimed at software development and QA teams.
TestMu AITestMu AI is a full-stack agentic AI quality engineering platform that automates end-to-end testing for web, mobile, and AI applications using autonomous agents. It serves software teams seeking to accelerate testing and quality assurance in line with AI-driven development cycles.
testRigortestRigor provides AI-driven functional test automation for software development teams. The platform enables companies to achieve high test automation coverage with minimal maintenance effort, targeting fast-moving startups and development teams.
AccelqAutopilot is an AI-powered test automation platform that autonomously discovers, designs, and maintains enterprise tests using generative AI and Q-GPT across the full testing lifecycle. It serves enterprises seeking to scale quality assurance through autonomous test creation, self-healing capabilities, and intelligent test analysis.
Global App TestingGlobal App Testing operates a crowdsourced software testing platform, connecting enterprises with over 100,000 professional testers globally to conduct real-world quality assurance across devices, regions, languages, and accessibility requirements. The company serves software development teams and enterprises seeking comprehensive testing coverage before product releases.
TricentisTricentis provides software testing and quality assurance solutions that help organizations optimize cost, accelerate innovation, and reduce business risk. The company serves enterprise customers across industries.
HeadSpinHeadSpin provides audio and video testing with performance KPIs and analytics for teams delivering streaming and media experiences. Its tools include a Waterfall UI that visualizes KPIs, session recordings, and network requests to identify bottlenecks affecting audio/video quality.
KeployKeploy provides automated testing software that helps developers prevent regressions during development. The platform is designed for software development teams.
Companies working in the same space as Functionize.
In the news
Frequently asked questions
- What does Functionize do?
- AI-powered test automation platform using intelligent agents to build and maintain software tests.
- Who founded Functionize?
- Functionize was founded by Tamas Cser in 2011.
- Who are Functionize's investors?
- Functionize's investors include 1Flourish Capital, Canvas Ventures, Wipro Ventures.
- How much funding has Functionize raised?
- Functionize has disclosed $57.7M raised across 3 of its 5 known rounds.
- Where is Functionize headquartered?
- Functionize is headquartered in San Francisco, US.