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Redactive AI raised $7.5M in seed funding led by Felicis and Blackbird

Jul 02, 2024•over 1 year ago

Amount Raised

$7.5 Million

Round Type

seed

MelbourneMachine LearningArtificial IntelligenceSoftware

Investors

ZapierAtlassian VenturesBlackbirdFelicis

Description

Redactive AI, a Melbourne, Australia-based provider of a developer platform, raised $7.5M in seed funding led by Felicis and Blackbird, alongside Atlassian Ventures and automation unicorn Zapier. The company intends to use the funds to grow the team across engineering, customer success, and marketing and work directly with enterprises on their Generative AI initiatives.

Company Information

Company

Redactive

Location

Melbourne, Victoria, Australia

About

Redactive AI is a provider of a developer platform that addresses the missing AI engineering and security skill sets within enterprise software teams. The company equips teams with technology that can navigate strict security requirements, connect to data sources, and ship bespoke generative AI applications into production reliably and safely.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers