Diffblue funding news – Oxford-based Diffblue Raises €5.8 Million in Funding

Investor of the round

This funding round included support from existing investors like IP Group, Parkwalk Advisors, and AlbionVC, as well as new backing from Citi Institutional Strategic Investments and Oxford University. With this funding, Diffblue is well-positioned to continue its rapid growth through 2026 while managing its resources efficiently, which is rare in the generative AI field.

The company’s rapid growth comes from many customers quickly adopting Diffblue’s AI tool for generating tests. This tool helps find and fix bugs early in the development process when it's easier and cheaper to do so.

Diffblue offering

It's approach is unique and helps developers and IT leaders automate their work, speed up release times, and create better software for users.

Currently, Diffblue serves four of the ten largest banks in the U.S. and several other companies on Forbes’ Global 2000 list, including Citi, ING, Cisco, AstraZeneca, and The Bank of New York Mellon Corporation (BNY).

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Iain Maclean, Global Head of Rates Technology at Citi said, “There is a massive market opportunity for start-ups that figure out how to harness the potential of AI to transform how software gets built, tested, and deployed, Our investment in the company reflects our belief in its potential to be an important player in the next generation of AI-powered software development tools.”

It helps Java development teams work faster, produce high-quality software, and be more productive, especially on important projects. Its main product, Diffblue Cover, uses AI to create unit tests 250 times quicker than a human can.

Mark Reilly, Managing Partner at IP Group said, “Diffblue is leading the charge in one of the hottest, fastest-moving markets in the history of the software industry, The company’s traction with large, sophisticated customers deploying best-in-class AI technologies across their software development processes is strong evidence of its differentiated, valuable solution.”

Neil Cameron, Investment Director at Parkwalk said, “Diffblue is at a hugely exciting juncture owing to its team’s ability to provide a valuable solution within a rapidly evolving market, At Parkwalk, we invest in companies with the potential to lead transformative industries. Diffblue’s growth coupled with its increasing traction amongst global customers, only strengthens our confidence in their long-term impact on the future of software development.”

Toffer Winslow, CEO at Diffblue, added, “Diffblue’s deterministic AI technology, committed employees, blue chip customers, and visionary investors are a rare and enviable foundation on which a great company can be built. I’m grateful for all the good work that has been done to build the company to-date and excited for the opportunity ahead as we build a market leader in our space.”

About Diffblue

Diffblue Cover is the only fully automated AI tool for writing unit tests in Java and Kotlin. It creates reliable tests on a large scale, both locally and in continuous integration. This makes unit testing easier and helps teams deliver high-quality software faster and more efficiently than doing it manually.