Functionize raises $16 million to automate software testing with AI
Summary
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 tests are configurable to a degree — devs can specify things like region, orientation, and resource type — and they probe a range of features including API calls, two-factor authentication, cookie storage, and invisible elements. Moreover, thanks to proprietary computer vision algorithms trained on “thousands” of data points, they update in response to UI changes, preventing them from breaking if, say, an element is moved to another part of a page. “Artificial Intelligence requires significant computing power and the cloud allows you to harness this.” Cser shares that opinion with the other execs occupying the soon-to-be-$54.98 billion global test automation market. Late last year, Mabl snagged a $20 million investment from GV, Alphabet’s venture capital arm, for its AI-powered web and testing toolset.
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