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Diffblue, an Oxford-based AI company, has raised £5m in a funding round anchored by IP Group, Parkwalk Advisors, and AlbionVC, with new participation from Citi Institutional Strategic Investments. The company, founded by University of Oxford researchers, specialises in generative AI software that autonomously generates tests for Java code, significantly improving efficiency and code quality. Over the last six months, Diffblue achieved a record-breaking 326% ARR growth. The appointment of Toffer Winslow as CEO marks a strategic step to drive further growth. The funds will help Diffblue continue its rapid expansion, capitalising on its customer base, which includes major names like Citi, ING, and Cisco.
