Codified, a Seattle, Washington-based generative AI-powered data governance startup, has secured $4 million in seed funding.
SaaS Investors
The round was co-led by Madrona Ventures and Vine Ventures, with support from Soma Capital and angel investors Bob Muglia, JG Chirapurath, and Shireesh Thota.
Founded in Seattle in 1995, Madrona is a venture firm 1and based in Seattle, Washington, that invests in companies in the Pacific Northwest and beyond. Madrona specializes in seed, startup, Series A, and early-stage investments.
Vine Ventures is an early-stage, software-focused venture capital fund that invests in the U.S., Latin America, and Israel. Founded in 2020, and is based in New York, New York.
Codified Use of Funds
The funding will facilitate team expansion, product development acceleration, and a product preview launch for select customers in 2024.
About Codified
Founded by Yatharth Gupta, Codified is an AI-native data governance solution enabling companies to use natural language to set, implement, and change data security, privacy, and access policies. Its platform employs AI to automate policy-driven data governance, ensuring secure and efficient data access aligned with business intent. The company’s mission is to empower its customers to drive innovation faster through compliant and accelerated access to data.
Funding Details
Company: Codified, Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: February 2024
Lead Investors: Madrona Ventures and Vine Ventures
Additional Investors: Soma Capital, Bob Muglia, JG Chirapurath, and Shireesh Thota
Company Website: https://www.codified.io/
Software Category: AI-native Data Governance Solution
Source: https://www.businesswire.com/news/home/20240227404209/en/