▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

Foundational Secures $8M to Bring AI Agents into Data Engineering

Foundational, a solution using advanced analysis to identify and prevent data issues in data platforms, today announces its general availability with $8 million in seed funding. The round was led by V...

Business Wire
  • Proprietary AI-powered code analysis for data organizations identifies and prevents data and privacy issues before any code is deployed, suggests fixes, and further accelerates the development of data and AI products in the enterprise
  • Funding led by Viola Ventures and Gradient fuels product development & market expansion

SAN FRANCISCO & TEL AVIV, Israel: Foundational, a solution using advanced analysis to identify and prevent data issues in data platforms, today announces its general availability with $8 million in seed funding. The round was led by Viola Ventures and Gradient, Google's AI-focused venture fund, with participation from Asymmetric Venture Partners and executives from Datadog, Intuit, Meta, Wiz, and others.

Data adoption has dramatically grown along with many cloud technologies for handling data at scale, yet data teams still heavily struggle with key problems around governance and quality, trailing behind software engineering. Foundational, powered by a proprietary AI-powered code analysis engine that can be instantly deployed through git, empowers data and analytics teams to confidently push continuous code changes, safeguarding against frequent issues and harmful incidents that affect critical data. Founders Alon Nafta, Omri Ildis, and Barak Fargoun bring a rich history of collaboration since meeting at Intelligence Unit 8200 and have amassed significant experience through executive roles at Singular and senior engineering positions at Google. They aim to bridge the quality gaps in data product development at scale and simplify the data development process, enabling developers to make necessary code changes without the fear of causing unplanned data incidents.

Today’s data platforms have transitioned over the last decade from simple, centralized architectures, to become decentralized and fragmented. “It has become a remarkably difficult task for developers to confirm crucial questions like, ‘What dashboards will this schema change affect?,’ ‘Can I deploy this code change safely?’ or ‘What data pipelines do we have that are not working?’” said Alon Nafta, Foundational’s CEO and cofounder. “The inability to validate simple code changes, and the lack of visibility and controls, and the time-consuming nature of data engineering create a dramatic bottleneck on innovation and adoption of data and AI. We’re excited to join forces with Viola Ventures and Gradient Ventures to build new tools and technologies as more companies try to leverage data at scale and introduce AI to the business.”

“Data is exploding everywhere, and organizations that manage data properly will become the big winners. Software engineering has been able to scale tremendously through the use of code analysis, CI/CD and SDLC, and Foundational is now introducing these to data. We’re excited to support the journey of this exceptional team as they transform how companies manage data at scale,” said Zvika Orron, General Partner at Viola Ventures.

“The evolving nature of the modern data stack creates a perpetual challenge for enterprises to manage and develop data products at scale, especially in the age of AI,” said Darian Shirazi, General Partner at Gradient Ventures. “Foundational’s unique approach prevents changes to critical data infrastructure from adversely affecting existing data integrity, which in turn saves time and reduces business risk. We’re excited to partner with Foundational as they create a way for software engineers to develop new AI products without harming user experience or affecting business operations.”

Foundational is forging partnerships with leading data organizations worldwide with the aim of redefining how data platforms are built and maintained at scale. With this funding, Foundational will continue to develop its technology and introduce new and exciting product capabilities that benefit data developers as they build at scale.

ABOUT FOUNDATIONAL

Founded by industry veterans from Singular, Google, and SentinelOne, Foundational is redefining how data development and data management are done at scale. Through proprietary technology that can be set up in minutes, Foundational is introducing products and tools for data management and data quality at scale. For more information, visit www.foundational.io.

ABOUT GRADIENT VENTURES

Gradient Ventures has been investing at the forefront of artificial intelligence since 2017. We are led by former founders, technical experts, and domain specialists, who know how to take an idea to product-market-fit and beyond. Gradient Ventures is headquartered in the San Francisco Bay Area. For more information, visit www.gradient.com.

ABOUT VIOLA VENTURES

Viola Ventures is Israel's leading venture capital firm, empowering early stage start-ups to become global category leaders. Founded in 2000, Viola Ventures manages over $1.3B and has backed a substantial share of Israel's leading tech companies including ironSource, Pagaya, Redis Labs, Lightricks and Immunai. Viola Ventures is part of the Viola Group, Israel's leading tech investment group with over $5B in assets under management. The group has invested in over 250 technology companies. https://www.viola-group.com/

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Bending Spoons acquires StreamYard

The Italian tech company has entered into an agreement to buy the US based live-streaming and video-recording business

HR startup's market is on fire, ask to Factorial

Factorial secures $80M of Go-To-Market investment from General Catalyst to accelerate growth.

Awentia brings Italian Deep Tech to South America

From Imola, Awentia Agritech will take its Smart Agriculture technologies to Argentinian companies Ava Fruit, Doña Paula and Bodega A16

San Francisco's INNOVIT among Invitalia Startup System partners

New overseas opportunities for startups funded by Invitalia

Most read

Awentia brings Italian Deep Tech to South America

From Imola, Awentia Agritech will take its Smart Agriculture technologies to Argentinian companies Ava Fruit, Doña Paula and Bodega A16

Bending Spoons acquires StreamYard

The Italian tech company has entered into an agreement to buy the US based live-streaming and video-recording business

San Francisco's INNOVIT among Invitalia Startup System partners

New overseas opportunities for startups funded by Invitalia

HR startup's market is on fire, ask to Factorial

Factorial secures $80M of Go-To-Market investment from General Catalyst to accelerate growth.

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!