Diffblue, an Oxford, UK-based creator of autonomous generative AI-for-code software, raised $6.3M in funding.
The round was led by IP Group, Parkwalk Advisors, and AlbionVC, with additional participation from Oxford University, and private investors via the Oxford Technology and Innovations EIS Fund (OTIF). Additionally, Citi Institutional Strategic Investments joined as a new equity investor.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Toffer Winslow, Diffblue provides Diffblue Cover, its flagship product that leverages generative AI to automate unit test generation faster than a human developer. As a result, software teams can improve code quality, expand test coverage, and increase efficiency so they can ship software faster, more frequently, and with fewer defects. Its differentiated approach to generative AI leverages reinforcement learning techniques to avoid the accuracy, security, privacy, and liability concerns associated with LLM-based coding assistants.
Today, Diffblue serves four of the 10 largest U.S. banks and several other members of Forbes’ Global 2000. Customers include Citi, ING, Cisco, AstraZeneca, and The Bank of New York Mellon Corporation (BNY).
FinSMEs
30/10/2024