Funds for Data Management Firm Foundational

Data management and quality specialist Foundational, which has locations in San Francisco and Tel Aviv, has secured $8m in seed funding, with which to further develop its product and add new capabilities for developers building at scale.

Foundational was established by Alon Nafta, Omri Ildis and Barak Fargoun, veterans of Singular, Google and SentinelOne, and claims its proprietary technology for identifying and managing problems in data can be set up in minutes. The company's advanced analysis identifies and prevents issues in data platforms, allowing teams to confidently push continuous code changes, safeguarding against frequent issues and harmful incidents.

CEO Nafta (pictured) comments: 'It has become a remarkably difficult task for developers to confirm crucial questions like, 'What dashboards will this schema change affect?', 'Can I deploy this code change safely?' or 'What data pipelines do we have that are not working? 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'.

The round was led by Viola Ventures and Gradient, Google's AI-focused venture fund, with other participants including Asymmetric Venture Partners and executives from Datadog, Intuit, Meta and Wiz.

The company is online at www.foundational.io .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.