Synthesized raises $20 million Series A to tackle AI testing challenges; Deutsche Bank cuts test data time in half.

Synthesized has raised $20 million in Series A funding to enhance its automated QA solutions amidst rising demand. Daniel Graf from Redalpine emphasizes the urgency of addressing AI testing and validation challenges.

Sources:
Fortune
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Sources: Fortune
Synthesized, based in London and New York, aims to revolutionize software testing by automating data evaluations. Recently, the company raised $20 million in Series A funding to support its expansion across North America and Europe.

The funding will help double its current team of 35 employees in the coming year. Deutsche Bank has already demonstrated the efficacy of Synthesized’s tools, significantly reducing test data preparation time by 50%.

Founder and CEO, Baldin, highlighted the complexity of creating realistic test environments, a challenge the company is committed to solving. “We are focused on tackling one of the most urgent and overlooked challenges in the age of AI,” said Daniel Graf, General Partner at Redalpine, emphasizing the need for robust testing and validation processes.

As demand for quality assurance tools surges due to the increasing adoption of AI technologies, Synthesized is poised to play a critical role in addressing these testing challenges and ensuring software reliability.
Sources: Fortune
Synthesized, a startup specializing in AI-driven software testing, has secured $20 million in Series A funding to enhance its offerings. The investment comes as Deutsche Bank reports a 50% reduction in time spent on test data preparation using Synthesized's tools, underscoring growing demand for quality assurance solutions.
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Key Facts
  • Synthesized, a London- and New York-based startup that uses artificial intelligence to automate software testing, has raised $20 million in new venture capital funding to enhance automated QA solutions in AI-driven software development.Fortune
  • Deutsche Bank has cut in half the time it takes to find test data for its software evaluations by using Synthesized's software.Fortune
  • Synthesized plans to use the new funding to double its 35-person team and expand its presence in North America and Europe over the next year.Fortune
  • The need for effective testing and validation has become critical as AI technologies grow, as highlighted by Daniel Graf, General Partner at Redalpine, who stated the urgency of these challenges.Fortune
The company says that by using its software Deutsche Bank has cut in half the time it takes to find test data for its software evaluations...
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