Seattle startup Revefi raised $10.5 million in new funding for its artificial intelligence enterprise observability platform that helps companies keep track of their data costs, usage and performance.
Founded in 2021, the startup’s main product is its Data Operations Cloud, acting as a “co-pilot” for data teams to optimize data transfers to and from their cloud warehouses. The startup said the tool is “zero-touch,” meaning it works instantly with a customer’s data. Revefi also sells an AI feature for insights, helping data teams move quickly to identify and correct “critical data issues.”
The company is led by CEO Sanjay Agrawal, who was previously co-founder and head of the Seattle office for AI analytics company ThoughtSpot. Before that, he held software engineering roles at Microsoft and Google. He’s joined by CTO Shashank Gupta, a former senior staff software engineer of data infrastructure at Facebook. He was also co-founder and head of engineering at ThoughtSpot.
There are a number of startups building tools to help customers get a handle on their observability data. Seattle startup Edge Delta sells a software platform for engineering and security teams to analyze data at its source. The company raised $63 million in new funding last year.
The seed round was led by Mayfield Managing Partner Navin Chaddha, with participation from GTMfund, Neythri Futures Fund, Ajeet Singh, and others.
