Allstacks, a Raleigh, N.C.-based predictive forecasting and risk management platform for software development, secured $4.7m in seed funding.
The round was led by Hyperplane Venture Capital, with participation from Polaris Partners, Uncommon Denominator, and Wildcat VC, and existing investors S3 Ventures, Moneta Ventures and Bala Investments.
The company intends to use the funds to scale up the business and grow its teams in Raleigh, NC and Austin, TX.
Led by Hersh Tapadia, co-founder and CEO, and co-founder Jeremy Freeman, Allstacks is a predictive forecasting and risk management platform that improves software development outcomes. By running machine learning and AI models across every tool used to build software from the entire development life cycle, the solution identifies at-risk initiatives then provides solutions to get them back on track.