Foundational, a San Francisco, CA-based company that provides a solution using advanced analysis to identify and prevent data issues in data platforms, raised $8 million in seed funding.
Investors
The round was led by Viola Ventures and Gradient, Google's AI-focused venture fund, with participation from Asymmetric Venture Partners and executives from Datadog, Intuit, Meta, Wiz, and others.
Viola Ventures is a technology investment group with over $5 billion in assets under management. The firm invests in Israeli-related early-stage companies.
Founded in 2017, Gradient Ventures is the venture capital investment arm of Alphabet, based in Mountain View, California. The firm seeks to invest in seed-stage and early-stage companies operating in the information technology, artificial intelligence, and machine learning sectors.
Foundational Use of Funds
With the funding, Foundational will continue to develop its technology and introduce new and exciting product capabilities that benefit data developers as they build at scale.
About Foundational
Founded by Alon Nafta, Omri Ildis, and Barak Fargoun, Foundational is a data management platform designed to accurately tie code and data. The company's platform offers a code intelligence engine that analyzes code changes to find issues, reveal hidden dependencies, and determine downstream impact before anything touches live data. Leveraging advanced analysis techniques and a proprietary AI-powered code analysis engine, Foundational empowers data and analytics teams to confidently implement continuous code changes, thereby preventing frequent issues and harmful incidents that could compromise critical data integrity.
Funding Details
Company: Foundational Data, Inc.
Raised: $8.0M
Round: Seed Round
Funding Month: March 2024
Lead Investors: Viola Ventures, Gradient
Additional Investors: Asymmetric Venture Partners
Company Website: https://www.foundational.io/
Software Category: Data Management
Source: https://www.businesswire.com/news/home/20240325257775/en/