Allstacks, a Raleigh, NC-based provider of a software engineering intelligence platform, raised $10M in Series A funding.
The round was led by Quadri Ventures, alongside M12, Microsoft’s Venture Capital Fund, as well as Companyon Ventures, Clutch VC, S3 Ventures, Tweener Fund, CreativeCo, and Hyperplane.
The company intends to use the funds to expand their product capabilities around enterprise scalability, expanding strategic integrations building on the ones in the Microsoft, Atlassian, and ServiceNow ecosystems, and deploying AI-based capabilities to reduce time to action in the software development lifecycle.
Founded in 2017 by Hersh Tapadia, CEO, and Jeremy Freeman, CTO, Allstacks provides a predictive forecasting and risk management platform that improves software development outcomes. By leveraging machine learning and AI models across the software development lifecycle, it identifies at-risk initiatives and offers solutions to get them back on track.
The company has presence across eight countries.
FinSMEs
20/08/2024