Faros AI – an AI-native engineering intelligence platform built for the complete software development lifecycle – announced that David Hornik of Lobby Capital has led a $20 million Series A funding round with participation from other existing investors including SignalFire, Operator Collective, and Salesforce Ventures. This funding round is expected to pave the way for bringing AI-enabled software engineering intelligence to the enterprise, transforming every company into a world-class software company.
The software engineering for the digital world is extremely complex and resource intensive, yet it happens to be under managed and under analyzed. And the lack of insight into engineering operations hampers engineering productivity and puts every project at a higher degree of risk.
Most software engineering organizations are flying blind. And engineering leaders have only one way to grow — hire people, and only one way to cut costs — fire people. Plus they have a poor grasp of their operations with bloated teams, many who are overwhelmed with dependencies, others with tech debt — and not enough visibility to provide the support that teams need when they need it.
Faros AI enables enterprises optimize their entire software development lifecycle with a single pane view across velocity, quality, goals, and more. With Faros, engineering organizations can finally stop flying blind and teams can get more done with less.
Faros AI also revealed Lighthouse AI, an artificial intelligence engine, designed to pave the way for a series of AI-powered features to help make sense of the vast amounts of data that engineering organizations generate every day. And with Lighthouse AI, users will be able to gather insights about engineering operations coming from disparate systems, utilize natural language for exploratory data analyses, and have guided AI-driven navigation, making every user a power user.
Lighthouse AI is going to be available in the first half of 2023 Q3.
KEY QUOTES:
“The Faros AI founding team has already delivered a market-leading engineering intelligence platform. I have had the pleasure of investing in visionary teams for more than two decades and could not be more excited about partnering with the 3 pioneers who built the Einstein platform at Salesforce to bring ground-breaking innovation in AI to the software engineering experience.”
— David Hornik, Founding Partner at Lobby Capital
“Every aspect of software engineering will be transformed by AI in the next five years. And we are building the platform that will help software organizations make that transition with confidence. David was on the front seat of the observability, DevOps, and edge computing revolutions. We are extremely excited to be joining forces with him to make every company a world class software company.”
— Faros AI CEO & Co-Founder Vitaly Gordon
