Resolve AI, a startup founded by former Splunk executives, has reached a $1 billion valuation in a Series A financing round, according to people familiar with the deal. The round was said to be led by Lightspeed Venture Partners, while reporting also described the financing as being done at multiple valuation tiers that included $1 billion. The company is building an autonomous site reliability engineering (SRE) tool aimed at automatically maintaining software systems, a problem area that matters to almost every online service people rely on.
Highlights:
- Revenue snapshot: Resolve AI’s annual recurring revenue was reported at about $4 million, according to two people with knowledge of the matter.
- Automation focus: The product focus is an “autonomous SRE” approa...
Resolve AI, a startup founded by former Splunk executives, has reached a $1 billion valuation in a Series A financing round, according to people familiar with the deal. The round was said to be led by Lightspeed Venture Partners, while reporting also described the financing as being done at multiple valuation tiers that included $1 billion. The company is building an autonomous site reliability engineering (SRE) tool aimed at automatically maintaining software systems, a problem area that matters to almost every online service people rely on.
Highlights:
- Revenue snapshot: Resolve AI’s annual recurring revenue was reported at about $4 million, according to two people with knowledge of the matter.
- Automation focus: The product focus is an “autonomous SRE” approach—software intended to handle reliability and upkeep tasks that are often manual and time-consuming for engineering teams.
- Deal sourcing: TechCrunch framed the valuation and lead investor as information from people familiar with the deal, underscoring that key terms were reported via sources rather than a fully detailed public announcement.
- Valuation structure: One report described the Series A as occurring across multiple valuation tiers, suggesting varying pricing or entry points for investors in the round.
Perspectives:
- TechCrunch (deal sources): People familiar with the round said Resolve AI hit a $1 billion valuation in a Series A led by Lightspeed Venture Partners. (techcrunch.com)
- Tech in Asia (deal sources): Two people with knowledge of the matter put Resolve AI’s annual recurring revenue at roughly $4 million while also describing a Series A at a $1 billion valuation led by Lightspeed. (techinasia.com)
- Techmeme-linked summary: A summary of the reporting emphasized that Resolve AI is developing an autonomous SRE tool and that the financing was raised at multiple valuation tiers including $1 billion. (techmeme.com)
Sources:
- Lightspeed said to lead series A of US AI startup at $1b valuation - techinasia.com
- Ex-Splunk execs’ startup Resolve AI hits $1 billion valuation with Series A - techcrunch.com
- Sources: Resolve AI, which is developing an autonomous site reliability engineering tool, raised a Series A at multiple valuation tiers, including at $1B (Marina Temkin/TechCrunch) - techmeme.com