Announcing Our $20M Series-A Funding
I am delighted to announce that we have raised $20M in Series-A financing, led by one of the most successful VC investors in Silicon Valley and the first board member in iconic companies like Gitlab, Splunk, Fastly, and Bill.com, David Hornik of Lobby Capital...
June 27, 2023
Last year was a record-breaking year of growth for us at Faros AI. I couldn’t be more proud of what we have achieved as a team last year. Here are some quick highlights that our team experienced, despite the challenging macroeconomic climate.
- We tripled our customer base, adding several large enterprise/F500 customers
- We quadrupled our ARR, beating expectations for both new business & expansions
- We tripled in size with several amazing individuals joining our mission
As the saying goes, we started as fast as we could and slowly but surely picked up the pace.
As a result, I am delighted to announce that we have raised $20M in Series-A financing, led by one of the most successful VC investors in Silicon Valley and the first board member in iconic companies like Gitlab, Splunk, Fastly, and Bill.com, David Hornik of Lobby Capital, along with participation from SignalFire, Operator Collective, and Salesforce Ventures.
AI is in the roots of the company from our collective background building Salesforce Einstein and in the name of the company since day one, so I’m also thrilled to announce 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. With Lighthouse AI, users will be able to talk to the Faros platform in natural language for exploratory data analyses, making every user a power user.
The AI revolution has only just begun. We anticipate that every aspect of software engineering is going to be transformed by AI in the next five years, and at Faros, we are making sure that operational intelligence keeps pace, allowing engineering organizations to make that transition with confidence.
I’d encourage you to learn more - Request a demo and we will be happy to set up time to walk you through the latest advancements in our “AI-Native” Engineering Intelligence Platform.
See what others are saying about our announcement
- Lobby Capital: Lobby Capital + Faros AI
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