Mumford Investments and LHH Investments led a $41m Series B round in Functionize.

Mumford Investments and LHH Investments, two investment firms, led a $41m Series B round in Functionize, an AI-powered platform that automates software test creation, maintenance, and scaling to streamline testing processes, with participation from Canvas Ventures and Wipro Ventures. “We’ve set a new industry standard for intelligent, scalable test automation that makes measurable business impact. This investment brings us closer to fully autonomous QA that operates within sprints, requires minimal human intervention, and extends our value to address broader CIO workflow inefficiencies beyond functional testing,” Tamas Cser, Functionize Founder and CEO.