Exclusive: the Synthesized AI software test startup receives 20 million dollars series a venture capital company

The financing tour of the series A was led by Redalpine Venture Partners, with the participation of IQ Capital, of Mercia Ventures, UBS and Seedcamp. The Deutsche Bank, which previously invested in the company and is also a synthesized customer, has also invested in the new financing cycle.

The company did not disclose its valuation after the financing cycle.

Hopes synthesized to take advantage of a growing demand for the quality of the quality of software, said its founder and CEO of Nicolai Baldin Fortune. With the growing popularity of “mood coding” – using AI to write computer software simply from a description of what the software should do – as well as coding assistants supplied by AI that provide suggestions to human coders, the test of the code resulting to ensure that it works well and did not introduce cybersecurity vulnerabilities is more important.

“We are making sure to really identify the things that will break your application, in terms of data, in terms of the environment, and help you expose these breaks,” said Baldin. “It’s absolutely critical because these traditional coordinators (tests), they don’t.”

The need for this type of test increases quickly. Expenses for automated software assessment tools should reach $ 10.6 billion by 2033, compared to $ 1.9 billion in 2023, according to a market study report.

“Synthesized addresses one of the most urgent and neglected challenges in the AI ​​era: how to test, validate and trust what we build,” said Daniel Graf, general partner of Redalpine, in a statement. “Their platform does not only generate high quality test data – it lays the basics of a new class of AQ ATS agents which will transform the way modern software is verified and shipped.”

Baldin founded synthesized in 2020 after finishing a doctorate. in automatic learning and statistics from Cambridge University. Initially, the company focused on automated tests of automatic learning algorithms to find the EDGE cases on which these AI models would fail. The company has also developed tools to assess the bias in automatic learning models. But the company has also evolved in traditional type of software -based type tests.

Baldin said that the company focused on what it calls the most complex parts of the test process, which, according to him, created realistic data and environments to assess business software.

Surveys of developers have constantly noted that the expectations of quality insurance tests leads to significant bottlenecks in the development of software. A 2023 study of the technological service company of the Capgemini consulting firm found that 80% of software delays are the result of delays in setting up insurance tests, while a Forrester 2022 research report has revealed that 40% of quality insurance budgets are lost in manual test data management.

Synthesized is capable of considerably accelerating these processes. The company says that by using its software, Deutsche Bank has reduced half the time to find test data for its software assessments and that other customers have seen their costs of the AQ reduced by 40%.

Startup test software operates on its own cloud servers or pre-premise, reducing data and data confidentiality problems. “You don’t need to transfer the code to us,” said Baldin.

Synthesized is hardly the only company to try to apply AI methods to software tests. The space is increasingly congested, with other startups such as Testfort, Qash, Ranger, Quash, Zencoder and a pocket of other new entrants in competition for markets against traditional software test services like IBM, micro focus (which is now part of the open text) and perforce software.

Baldin says that Synthezed will use new funding to double the size of its expansion through North America and Europe, with plans to double its team of 35 people in the next year. The company is currently operating offices in London and New York, with virtual operations in Japan.

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