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Functionize revenue is $2.2 million

Functionize team size is 95 employees

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Functionize

156-2nd Street San Francisco, California, United States

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How Functionize hit $2.2M Revenue with 36 customers in 2022.

Cloud-based software testing solution

Founded

2014

Founded

Revenue

$2.2M

2022 Revenue

YOY

0.00%

YOY

Funding

$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

$2.2M

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 DATEROUNDAMOUNTVALUATION
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

201820192020-41▼154▲
DISTRIBUTIONQTY
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

$0$60K8 month payback period024681012
$0$60K8 month payback period024681012

Churn

Functionize has an annual churn rate of 20.00%.

-100-500%50100

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

NamePosition

Functionize Executives

NamePosition
Tamas Cser CEO

Functionize Employees

NamePosition
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?

Play

Latka collected this data by interviewing Functionize CEO Tamas Cser on 07/01/2022

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