Functionize revenue is $2.2 million
Functionize team size is 95 employees
Functionize
156-2nd Street San Francisco, California, United States
How Functionize hit $2.2M Revenue with 36 customers in 2022.
Cloud-based software testing solution
2014
Founded
$2.2M
2022 Revenue
0.00%
YOY
$18.5M
Funding
Functionize Revenue
In 2022, Functionize revenue run rate hit $2.2M in revenue.
2019
Functionize hit $2.2M in revenue in 2019
2014
Functionize launched in 2014 with $0 revenue
Functionize Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2019 Series A
Functionize raised a Series A of $16M
2018 Seed Round
Functionize raised a Seed Round of $2.5M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 03/05/2019 | Series A | $16M | |
| 02/01/2018 | Seed Round | $2.5M |
Team
Functionize has 95 total employees and 3 sales reps that carry a quota. They have 36 customers an engineering team of 28
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 95 |
| Engineer | 28(29%) |
| Sales | 3(3%) |
| Marketing | 0(0%) |
CEO/Founder
Tamas Cser
Since 2015, Functionize has been delivering the first AI-powered autonomous cloud-based testing platform to automate the painstaking process of testing web applications. Functionize seamlessly integrates with popular CI/CD tools, boosting software quality throughout development and production. To learn more about ALP™, AEA™, and autonomous testing, visit Functionize.com.
Q&A
What`s your age?
43
Favorite online tool?
Slack
Favorite book?
None
Favorite CEO?
Elon Musk
Advice for 20 year old self
Be aggressive
Customers
Functionize has 36 customers.
Lifetime Months
60
x
Monthly ARPU
$5K
=
Lifetime Dollar
$300K
Acquisition Cost
$40K
Average Annual Price
$60K
Churn
Functionize has an annual churn rate of 20.00%.
Gross Annual Dollar Churn
-20.00%
Annual Dollar Expansion
20.00%
Net Revenue Retention
100.00%
About Functionize
Monthly Revenue
$180K
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
=
Rule of 40
0
Functionize Board of Directors
| Name | Position |
|---|
Functionize Executives
| Name | Position |
|---|---|
| Tamas Cser | CEO |
Functionize Employees
| Name | Position |
|---|---|
| Tamas Cser | CEO |
Frequently Asked Questions about Functionize
When was Functionize founded?
Functionize was founded in 2014.
How much revenue does Functionize generate?
Functionize generates $2.2M in revenue.
Who is the CEO of Functionize?
The CEO of Functionize is Tamas Cser.
How much funding does Functionize have?
Functionize was raised $18.5M.
How many employees does Functionize have?
Functionize has raised 95 employees.
Where is Functionize headquarters?
Functionize headquater is at United States
How did Latka collect this data?
Latka collected this data by interviewing Functionize CEO Tamas Cser on 07/01/2022
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