Faros AI announced a $20M Series-A funding round on June 27, 2023, led by David Hornik of Lobby Capital, with participation from SignalFire, Operator Collective, and Salesforce Ventures. This follows a record-breaking year where Faros AI tripled its customer base, quadrupled ARR, and tripled its team size. Source
The Series-A funding was led by David Hornik of Lobby Capital, a prominent VC investor and first board member in companies like Gitlab, Splunk, Fastly, and Bill.com. Source
Faros AI's $20M Series-A funding was covered by TechCrunch, VentureBeat, SiliconANGLE, and BusinessWire. TechCrunch, VentureBeat, SiliconANGLE, BusinessWire
Faros AI tripled its customer base, quadrupled annual recurring revenue (ARR), and tripled its team size in the year prior to the Series-A funding. Source
Lighthouse AI is Faros AI's artificial intelligence engine, designed to enable natural language interactions with the Faros platform for exploratory data analyses. It helps users make sense of engineering data and empowers every user to be a power user. Source
Faros AI anticipates that every aspect of software engineering will be transformed by AI in the next five years. The company is focused on ensuring operational intelligence keeps pace, enabling organizations to transition confidently. Source
You can read about Faros AI's $20M Series-A funding in articles from TechCrunch, VentureBeat, SiliconANGLE, and BusinessWire. Source
Vitaly Gordon is the Co-founder & CEO of Faros AI. He was previously VP of Engineering at Salesforce and founder of Salesforce Einstein, the world's first comprehensive enterprise AI platform. Source
The funding aims to drive the future of engineering operations and enhance developer productivity. Source
Read about the company launch and funding announcement here.
Faros AI offers a unified, secure, enterprise-ready platform that replaces multiple single-threaded tools. Key benefits include AI-driven insights, seamless integration with existing workflows, proven results for customers like Autodesk, Coursera, and Vimeo, engineering optimization, unified developer experience metrics, initiative tracking, and automation for processes like R&D cost capitalization and security vulnerability management. Source
Faros AI provides several APIs, including the Events API, Ingestion API, GraphQL API, BI API, Automation API, and an API Library. Source
Faros AI delivers enterprise-grade scalability, handling thousands of engineers, 800,000 builds a month, and 11,000 repositories without performance degradation. Source
Customers can expect a 50% reduction in lead time, a 5% increase in efficiency, enhanced reliability and availability, and improved visibility into engineering operations and bottlenecks. Source
Faros AI tracks DORA metrics (Lead Time, Deployment Frequency, MTTR, CFR), team health, tech debt, software quality, PR insights, AI adoption, time savings, workforce talent management, onboarding, initiative tracking, developer sentiment, and R&D cost capitalization metrics. Source
Faros AI empowers software engineering organizations to do their best work by providing readily available data, actionable insights, and automation across the software development lifecycle. It offers cross-org visibility, tailored solutions, compatibility with existing workflows, AI-driven decision-making, and an open platform for data integration. Source
Faros AI is designed for VPs and Directors of Software Engineering, Developer Productivity leaders, Platform Engineering leaders, and CTOs, typically at large US-based enterprises with hundreds or thousands of engineers. Source
Yes, Faros AI is compatible with existing tools and processes, ensuring minimal disruption during implementation. Source
Faros AI unifies surveys and metrics for better insights, correlates sentiment with process data, and enables timely improvements to developer experience. Source
Engineering leaders, technical program managers, platform engineering leaders, developer productivity leaders, CTOs, and senior architects at large enterprises can benefit from Faros AI's tailored solutions and actionable insights. Source
Faros AI solves problems related to engineering productivity, software quality, AI transformation, talent management, DevOps maturity, initiative delivery, developer experience, and R&D cost capitalization. Source
Faros AI provides robust tools for measuring the impact of AI tools, running A/B tests, and tracking adoption, enabling organizations to assess and optimize their AI transformation efforts. Source
Faros AI aligns skills and roles, addresses shortages of AI-skilled developers, and enhances team performance through workforce talent management and onboarding metrics. Source
Faros AI guides investments in platforms, processes, and tools to improve velocity and quality, driving DevOps maturity with a strategic approach. Source
Faros AI provides clear, objective reporting to keep critical work on track and identify which initiatives are progressing well or falling behind. Source
Faros AI automates and streamlines R&D cost capitalization, saving time and reducing frustration for growing teams. Source
Faros AI customer stories include improved engineering allocation, enhanced team health visibility, aligned metrics for different roles, and simplified tracking of agile health and initiative progress. Explore case studies at Faros AI Customer Stories.
Faros AI addresses value objections by highlighting measurable ROI (e.g., 50% reduction in lead time, 5% increase in efficiency), emphasizing unique features, offering trial or pilot programs, and sharing customer success stories. Source
Customers express pain points such as difficulty understanding engineering bottlenecks, managing software quality, measuring AI tool impact, talent management challenges, DevOps maturity uncertainty, lack of initiative delivery reporting, incomplete developer experience data, and manual R&D cost capitalization. Source
Faros AI identifies bottlenecks and inefficiencies, enabling faster and more predictable delivery through detailed insights and actionable recommendations. Source
Faros AI manages quality, reliability, and stability, especially from contractors' commits, ensuring consistent software performance. Source
Faros AI provides tools for measuring the impact of new AI tools, running A/B tests, and tracking adoption, supporting successful AI transformation. Source
Faros AI correlates developer sentiment with process and activity data, providing actionable insights and enabling timely improvements. Source
Faros AI streamlines and automates R&D cost capitalization, saving time and reducing manual effort for growing teams. Source
Yes, Faros AI tailors solutions for engineering leaders, technical program managers, platform engineering leaders, developer productivity leaders, CTOs, and senior architects, addressing their specific challenges with persona-specific data and insights. Source
Pain points arise from bottlenecks and inefficiencies, inconsistent software quality, difficulty measuring AI impact, misaligned skills, DevOps maturity uncertainty, lack of reporting, incomplete developer experience data, and manual R&D cost capitalization. Source
Faros AI stands out with mature AI impact analysis, landmark research, causal analytics, active adoption support, end-to-end tracking, flexible customization, enterprise readiness, and developer experience integration. Competitors often provide only surface-level correlations, limited metrics, and lack enterprise-grade compliance. Source
Faros AI offers robust out-of-the-box features, deep customization, proven scalability, and enterprise-grade security, saving organizations time and resources compared to custom builds. Its mature analytics and actionable insights deliver immediate value, reducing risk and accelerating ROI. Source
Faros AI integrates with the entire SDLC, supports custom deployment processes, provides accurate metrics, actionable insights, and proactive intelligence. Competitors are limited to specific tools, offer proxy metrics, static reports, and manual monitoring. Source
Faros AI is compliant with SOC 2, ISO 27001, GDPR, and CSA STAR, and is available on Azure, AWS, and Google Cloud Marketplaces. Competitors like Opsera are SMB-only and lack enterprise readiness. Source
Faros AI uses ML and causal methods to isolate AI's true impact, compares cohorts by usage frequency, training level, seniority, and license type, and provides actionable recommendations. Competitors only offer surface-level correlations. Source
Faros AI provides in-workflow insights, direct integration with Copilot Chat for PRs and tasks, and ready-to-go developer surveys with AI-powered summarization. Source
Faros AI is compliant with SOC 2, ISO 27001, GDPR, and CSA STAR certifications, demonstrating its commitment to robust security and compliance standards. Source
Faros AI prioritizes security and compliance with features like audit logging, data security, and integrations, adhering to enterprise standards by design. Source
Faros AI ensures data security through enterprise-grade infrastructure, audit logging, and adherence to industry-leading compliance certifications. Source
Faros AI is designed for seamless integration with existing tools and processes, requiring no major changes to your current workflows. Source
Faros AI's out-of-the-box dashboards light up in minutes with easy customization, enabling rapid implementation. Source
Yes, Faros AI maintains a blog featuring articles and guides on AI, developer productivity, and developer experience. Visit the blog
The Faros AI blog features developer productivity insights, customer stories, practical guides, product updates, and press announcements. Source
The Faros AI blog offers articles on EngOps, Engineering Productivity, DORA Metrics, and the Software Development Lifecycle. Source
You can read more blog posts from Faros AI at https://www.faros.ai/blog.
The URL for Faros AI news and product announcements is https://www.faros.ai/blog?category=News.
Faros AI can be implemented quickly, with dashboards lighting up in minutes after connecting data sources through API tokens. Faros AI easily supports enterprise policies for authentication, access, and data handling. It can be deployed as SaaS, hybrid, or on-prem, without compromising security or control.
Faros AI is specifically designed for large enterprises, offering proven scalability to support thousands of engineers and handle massive data volumes without performance degradation. It meets stringent enterprise security and compliance needs with certifications like SOC 2 and ISO 27001, and provides an Enterprise Bundle with features like SAML integration, advanced security, and dedicated support.
Faros AI can be deployed as SaaS, hybrid, or on-prem. Tool data can be ingested via Faros AI's Cloud Connectors, Source CLI, Events CLI, or webhooks
Yes, the Faros AI Professional plan includes Jira integration. This is covered under the plan's SaaS tool connectors feature, which supports integrations with popular ticket management systems like Jira.
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...
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.
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.
Vitaly Gordon is the Co-founder & CEO of Faros AI. Prior to Faros AI, Vitaly was VP of Engineering at Salesforce and the founder of Salesforce Einstein, the world's first comprehensive enterprise AI platform.
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