Flip AI, a San Francisco, CA-based launched an observability intelligence platform and raised $6 million in seed funding.
SaaS Investors
The round was led by Factory, with participation from Morgan Stanley Next Level Fund and GTM Capital.
Factory is a venture capital firm based in California that invests in tech startups.
Flip AI Use of Funds
The company plans to use the money to continue to advance its product roadmap and LLM and to expand its team and operations.
About Flip AI
Founded by Corey Harrison, Sunil Mallya, and Deap Ubhi, Flip AI is a startup with a mission to help enterprises reach the highest level of customer experience by unlocking the full potential of their observability data. Flip automates incident resolution processes, reducing the effort to minutes for enterprise development teams. Its observability intelligence platform is powered by an LLM that predicts incidents and generates root cause analyses in seconds. The platform is already trusted by well-known global enterprises, including major players in the media and entertainment industry and some of the largest financial institutions worldwide.
Funding Details
Company: Flip Technology Corporation
Raised: $6.0M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Factory
Additional Investors: Morgan Stanley Next Level Fund and GTM Capital
Company Website: https://www.flip.ai/
Software Category: Observability Intelligence Platform
Source: https://www.globenewswire.com/news-release/2023/11/08/2776524/0/en/Flip-AI-Launches-to-Bring-the-Holy-Grail-of-Observability-to-All-Enterprises-With-6-5-Million-in-Seed-Funding-Led-by-Factory.html