Monday, July 22, 2024
HomeFunding AI Platform Autify Raises $13 Mn in Series B Funding

[FUNDING NEWS] AI Platform Autify Raises $13 Mn in Series B Funding

Autify, an AI platform for quality engineering has completed a Series B funding round of $13 million and released a beta version of Zenes, an autonomous AI agent for software quality assurance.

Autify, an AI platform for quality engineering has completed a Series B funding round of $13 million and released a beta version of Zenes, an autonomous AI agent for software quality assurance.

Leading the round are LG Technology Ventures, the Silicon Valley-based venture capital division of LG Group, which focuses on AI, enterprise software, and energy transformation, and Globis Capital Partners, a renowned venture capital firm with headquarters in Tokyo, Japan.

Using the latest amount of funding, Autify intends to further its partnership with LG CNS and penetrate the Korean market, positioning Korea as a crucial area of concentration in addition to its current primary markets, which include the US and Japan.

Read also – [FUNDING NEWS] Healthtech Startup ArrowBiome Raises US$1 Mn Seed Funding from Cocoon Capital

Existing investors WiL (World Innovation Lab), Salesforce Ventures, Archetype Ventures, and Uncorrelated Ventures also participated in the round.

“AI is poised to drastically improve productivity in the software development process, “ said Ryo Chikazawa, Autify’s co-founder & CEO. “We believe that AI is not here to replace humans. It’s here to enhance human capability so that we can be more creative. The software development process and its quality assurance will be redefined with Generative AI, and we are thrilled to redesign this process with our AI-powered product suite.”

With this recent round of funding, Autify plans to expand its capabilities to support code-based test automation and build a comprehensive Generative AI-powered quality engineering platform featuring its newest product, Zenes.

Development agility has become a prerequisite for all companies’ evolution. Autify’s product not only automates testing but also commits to improving the overall development process, simultaneously achieving both quality enhancement and acceleration of outputs, and we believe this contributes significantly to productivity improvement worldwide. As a platform, Autify liberates development resources, including engineers, to focus on “true work,” and it goes beyond “business efficiency” to achieve “value addition.” We expect Autify to work as a partner in accelerating the progress of global companies and as such, GCP is firmly committed to supporting Autify’s journey onwards, Satoshi Fukushima, Partner of Globis Capital Partner said.

About Autify

Autify is a platform that supercharges developer and QA teams and optimizes the software quality engineering process. 

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