Functionize Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Private

  • Employees
  • 144

Employees

  • Latest Deal Type
  • Series A1

  • Latest Deal Amount
  • $22.6M

  • Investors
  • 7

Functionize General Information

Description

Operator of a cloud-based autonomous software testing platform intended to automate the process of testing web applications. The company's artificial intelligence-powered platform integrates with various brands, as well as leverages natural language processing to convert simple language input into test cases, enabling software testers to test web applications and detect software bugs in a hassle-free manner.

Contact Information

Website
www.functionize.com
Formerly Known As
Zyget
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1255 Treat Boulevard
  • Suite 300
  • Walnut Creek, CA 94597
  • United States
+1 (800)
Primary Industry
Software Development Applications
Other Industries
Business/Productivity Software
Automation/Workflow Software
Vertical(s)
CloudTech & DevOps, SaaS, Artificial Intelligence & Machine Learning
Corporate Office
  • 1255 Treat Boulevard
  • Suite 300
  • Walnut Creek, CA 94597
  • United States
+1 (800)

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Functionize Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC (Series A1) 27-Jul-2021 $22.6M Completed Generating Revenue
3. Later Stage VC (Series A) 05-Mar-2019 Completed Generating Revenue
2. Seed Round 01-Feb-2018 $2.5M $3.19M Completed Generating Revenue
1. Angel (individual) 22-Aug-2016 $688K $688K Completed Startup
To view Functionize’s complete valuation and funding history, request access »

Functionize Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A3
Series A2
Series A1 8,033,724 $0.000010 6% $1.46 $1.46 1x $1.46 29.11%
To view Functionize’s complete cap table history, request access »

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Functionize Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a cloud-based autonomous software testing platform intended to automate the process of testing web applicati
Software Development Applications
Walnut Creek, CA
144 As of 2025

San Francisco, CA
 

Graz, Austria
 
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Functionize Competitors (43)

One of Functionize’s 43 competitors is Testim, a Private Equity-Backed company based in San Francisco, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Testim Private Equity-Backed San Francisco, CA
Ranorex Private Equity-Backed Graz, Austria
Katalon Venture Capital-Backed Atlanta, GA
Appvance Venture Capital-Backed Santa Clara, CA
Test.ai Venture Capital-Backed San Francisco, CA
You’re viewing 5 of 43 competitors. Get the full list »

Functionize Patents

  • 29

    Total Documents Applications and Grants

  • Total Patents Families

  • 14

    Granted

  • 10

    Pending

  • Expiring in next 12 mo

Functionize Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240320131-A1 Automated generation of software tests Pending 20-Mar-2023
CA-3216440-A1 Software testing Pending 22-Apr-2021
US-20240184692-A1 Software testing Pending 22-Apr-2021
EP-4327201-A1 Software testing Pending 22-Apr-2021
EP-4327201-A4 Software testing Pending 22-Apr-2021 G06F11/3688
To view Functionize’s complete patent history, request access »

Functionize Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Functionize Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Wipro Ventures Corporate Venture Capital Minority
1Flourish Capital Venture Capital Minority
Canvas Prime Venture Capital Minority
Angel (individual) Minority
You’re viewing 5 of 7 investors. Get the full list »

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Functionize FAQs

  • When was Functionize founded?

    Functionize was founded in 2011.

  • Where is Functionize headquartered?

    Functionize is headquartered in Walnut Creek, CA.

  • What is the size of Functionize?

    Functionize has 144 total employees.

  • What industry is Functionize in?

    Functionize’s primary industry is Software Development Applications.

  • Is Functionize a private or public company?

    Functionize is a Private company.

  • What is the current valuation of Functionize?

    The current valuation of Functionize is .

  • What is Functionize’s current revenue?

    The current revenue for Functionize is .

  • How much funding has Functionize raised over time?

    Functionize has raised $41.8M.

  • Who are Functionize’s investors?

    , Wipro Ventures, 1Flourish Capital, Canvas Prime, and are 5 of 7 investors who have invested in Functionize.

  • Who are Functionize’s competitors?

    Testim, Ranorex, Katalon, Appvance, and Test.ai are some of the 43 competitors of Functionize.

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