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On Tue, 1 Oct, 4:04 PM UTC
3 Sources
[1]
Greylock-backed Resolve AI raises $35 million in seed funding to help engineers
(Reuters) - Resolve AI, a startup aiming to automate software operations, has raised $35 million in seed funding from investors led by Greylock, as the latest entrants to the space of developing AI-powered tools for software engineers. It is the largest check written so far this year by the Silicon Valley venture capital firm that has backed companies such as Airbnb and Meta. Stanford Professor Fei-Fei Li and Google DeepMind's Chief Scientist Jeff Dean also joined the round. Founded earlier this year by Spiros Xanthos, a former Splunk executive, Resolve makes AI tools that can autonomously troubleshoot and fix production issues, reducing "Mean Time to Resolve" and allowing engineers to focus on development tasks. While most AI engineer tools focus on code generation, Xanthos argues engineers spend much time on operational tasks like on-call duties, troubleshooting, and infrastructure management. These tasks require an understanding of code and specific production environments. He said by building proprietary agentic systems, Resolve can autonomously handle alerts and incidents using tools such as AWS and GitHub, without human intervention in most cases. "Our goal is to take over stressful and time consuming tasks, and offer the tool that could be much more intelligent and effective," said Xanthos. The startup, self funded in the beginning, has already courted startup clients such as DataStax. Xanthos said he plans to use the capital for hiring, aiming to double the current team of 16 people by year end. The company is also looking to expand its AI tools to perform more tasks, such as incident prevention and cloud cost optimization. "Reimagining software engineering with AI might be the biggest opportunity in generative AI," said Greylock partner Saam Motamedi, who led the investment. "We look for companies where there's a very clear tie in to hard (return on investment). What Resolve is building is a very quantifiable space, and that's why they've been very quickly able to go out of this (proof of concept) stage into production relationships with customers." (Reporting by Krystal Hu in New York; Editing by Kirsten Donovan)
[2]
Greylock-Backed Resolve AI Raises $35 Million in Seed Funding to Help Engineers
(Reuters) - Resolve AI, a startup aiming to automate software operations, has raised $35 million in seed funding from investors led by Greylock, as the latest entrants to the space of developing AI-powered tools for software engineers. It is the largest check written so far this year by the Silicon Valley venture capital firm that has backed companies such as Airbnb and Meta. Stanford Professor Fei-Fei Li and Google DeepMind's Chief Scientist Jeff Dean also joined the round. Founded earlier this year by Spiros Xanthos, a former Splunk executive, Resolve makes AI tools that can autonomously troubleshoot and fix production issues, reducing "Mean Time to Resolve" and allowing engineers to focus on development tasks. While most AI engineer tools focus on code generation, Xanthos argues engineers spend much time on operational tasks like on-call duties, troubleshooting, and infrastructure management. These tasks require an understanding of code and specific production environments. He said by building proprietary agentic systems, Resolve can autonomously handle alerts and incidents using tools such as AWS and GitHub, without human intervention in most cases. "Our goal is to take over stressful and time consuming tasks, and offer the tool that could be much more intelligent and effective," said Xanthos. The startup, self funded in the beginning, has already courted startup clients such as DataStax. Xanthos said he plans to use the capital for hiring, aiming to double the current team of 16 people by year end. The company is also looking to expand its AI tools to perform more tasks, such as incident prevention and cloud cost optimization. "Reimagining software engineering with AI might be the biggest opportunity in generative AI," said Greylock partner Saam Motamedi, who led the investment. "We look for companies where there's a very clear tie in to hard (return on investment). What Resolve is building is a very quantifiable space, and that's why they've been very quickly able to go out of this (proof of concept) stage into production relationships with customers." (Reporting by Krystal Hu in New York; Editing by Kirsten Donovan)
[3]
Greylock-backed Resolve AI raises $35 million in seed funding to help engineers
Oct 1 (Reuters) - Resolve AI, a startup aiming to automate software operations, has raised $35 million in seed funding from investors led by Greylock, as the latest entrants to the space of developing AI-powered tools for software engineers. It is the largest check written so far this year by the Silicon Valley venture capital firm that has backed companies such as Airbnb and Meta. Stanford Professor Fei-Fei Li and Google DeepMind's Chief Scientist Jeff Dean also joined the round. Advertisement · Scroll to continue Founded earlier this year by Spiros Xanthos, a former Splunk executive, Resolve makes AI tools that can autonomously troubleshoot and fix production issues, reducing "Mean Time to Resolve" and allowing engineers to focus on development tasks. While most AI engineer tools focus on code generation, Xanthos argues engineers spend much time on operational tasks like on-call duties, troubleshooting, and infrastructure management. These tasks require an understanding of code and specific production environments. Advertisement · Scroll to continue He said by building proprietary agentic systems, Resolve can autonomously handle alerts and incidents using tools such as AWS and GitHub, without human intervention in most cases. "Our goal is to take over stressful and time consuming tasks, and offer the tool that could be much more intelligent and effective," said Xanthos. The startup, self funded in the beginning, has already courted startup clients such as DataStax. Xanthos said he plans to use the capital for hiring, aiming to double the current team of 16 people by year end. The company is also looking to expand its AI tools to perform more tasks, such as incident prevention and cloud cost optimization. "Reimagining software engineering with AI might be the biggest opportunity in generative AI," said Greylock partner Saam Motamedi, who led the investment. "We look for companies where there's a very clear tie in to hard (return on investment). What Resolve is building is a very quantifiable space, and that's why they've been very quickly able to go out of this (proof of concept) stage into production relationships with customers." Reporting by Krystal Hu in New York; Editing by Kirsten Donovan Our Standards: The Thomson Reuters Trust Principles., opens new tab Krystal Hu Thomson Reuters Krystal reports on venture capital and startups for Reuters. She covers Silicon Valley and beyond through the lens of money and characters, with a focus on growth-stage startups, tech investments and AI. She has previously covered M&A for Reuters, breaking stories on Trump's SPAC and Elon Musk's Twitter financing. Previously, she reported on Amazon for Yahoo Finance, and her investigation of the company's retail practice was cited by lawmakers in Congress. Krystal started a career in journalism by writing about tech and politics in China. She has a master's degree from New York University, and enjoys a scoop of Matcha ice cream as much as getting a scoop at work.
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Resolve AI, a startup backed by Greylock Partners, has raised $35 million in seed funding. The company aims to develop AI tools to assist engineers in streamlining their workflows and improving productivity.
Resolve AI, a promising startup in the artificial intelligence sector, has successfully secured $35 million in seed funding. The company, backed by renowned venture capital firm Greylock Partners, is set to make waves in the engineering industry with its innovative AI-powered tools 1.
Founded by Shon Saoji and Anant Bhardwaj, Resolve AI aims to revolutionize the way engineers work by developing AI tools that can significantly enhance productivity and streamline workflows. The company's mission is to address the growing challenges faced by engineers in managing complex systems and navigating vast amounts of information 2.
The substantial seed funding round was led by Greylock Partners, a venture capital firm with a track record of backing successful tech companies. Other notable participants in the funding round include Zoom CEO Eric Yuan, Dropbox co-founder Arash Ferdowsi, and Instacart CEO Fidji Simo. This impressive roster of investors underscores the potential and promise of Resolve AI's technology 3.
Resolve AI's platform leverages large language models to assist engineers in various tasks, including debugging code, answering questions about complex systems, and generating documentation. By harnessing the power of AI, the company aims to significantly reduce the time engineers spend on routine tasks, allowing them to focus on more critical and creative aspects of their work 1.
The substantial seed funding reflects the growing interest in AI-powered tools for specialized professions. As businesses across industries continue to digitize and rely more heavily on complex software systems, the demand for solutions that can enhance engineering productivity is expected to rise. Resolve AI is well-positioned to capitalize on this trend and potentially transform the engineering landscape 2.
While Resolve AI's funding success is noteworthy, the company faces a competitive landscape in the AI-powered productivity tools market. Established tech giants and other startups are also developing similar solutions, which means Resolve AI will need to differentiate itself and deliver exceptional value to its target users to succeed in this rapidly evolving sector 3.
Reference
[2]
U.S. News & World Report
|Greylock-Backed Resolve AI Raises $35 Million in Seed Funding to Help Engineers
Reflection AI, a startup founded by ex-Google DeepMind researchers, launches with $130 million in funding to develop superintelligent autonomous systems, starting with autonomous coding agents.
4 Sources
4 Sources
Relyance AI raises $32.1 million in Series B funding to scale its AI data governance platform, addressing the growing need for transparency in AI model training and data usage amid increasing regulations.
2 Sources
2 Sources
DevRev, an AI-powered software development platform, has raised more than $100 million in a Series A funding round, propelling it to unicorn status with a valuation of $1.15 billion. The startup, founded by former Nutanix executives, aims to revolutionize software development with AI-driven solutions.
4 Sources
4 Sources
Arize AI, a leader in AI observability and LLM evaluation, has raised $70 million in Series C funding to expand its platform for testing and troubleshooting AI systems before deployment.
3 Sources
3 Sources
Together AI, a San Francisco-based AI Acceleration Cloud provider, has raised $305 million in Series B funding, valuing the company at $3.3 billion. The investment will be used to expand its AI infrastructure and enhance its position in the open-source AI model market.
8 Sources
8 Sources
