Foundational, a San Francisco, CA- and Tel Aviv, Israel-based provider of a solution using advanced analysis to identify and prevent data issues in data platforms, raised $8M in Seed funding.
The round was led by Viola Ventures and Gradient, with participation from Asymmetric Venture Partners and executives from Datadog, Intuit, Meta, Wiz, and others.
The company intends to use the funds to develop its technology and introduce new product capabilities that benefit data developers as they build at scale.
Founded by Alon Nafta, Omri Ildis, and Barak Fargoun, Foundational is a proprietary AI-powered code analysis platform that 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.
Commenting on the news, Alon Nafta said: “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.”
FinSMEs
25/03/2024