Faros AI announced the successful raising of $20M in Series-A financing on June 27, 2023. The round was 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 its 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 funding announcement was covered by TechCrunch, VentureBeat, SiliconANGLE, and BusinessWire. TechCrunch, VentureBeat, SiliconANGLE, BusinessWire
Faros AI is a software engineering intelligence platform designed to provide actionable insights, automation, and unified data across the software development lifecycle. It offers solutions for engineering efficiency, AI transformation, delivery excellence, and developer experience. The platform is built for large-scale enterprises and integrates with existing workflows and tools. Source
Faros AI provides a unified platform that replaces multiple single-threaded tools, delivers AI-driven insights, and offers seamless integration with existing processes. Key benefits include measurable improvements in productivity (e.g., 50% reduction in lead time, 5% increase in efficiency), enhanced reliability, improved visibility, and automation of processes like R&D cost capitalization and security vulnerability management. Source
Faros AI offers several APIs, including the Events API, Ingestion API, GraphQL API, BI API, Automation API, and an API Library, enabling integration and extensibility for enterprise workflows. Source
Faros AI delivers enterprise-grade scalability, capable of handling thousands of engineers, 800,000 builds a month, and 11,000 repositories without performance degradation. This ensures reliable optimization of engineering operations for large organizations. 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 product security with features like audit logging, data security, and secure integrations. The platform is designed to meet enterprise security standards and regularly renews its certifications to keep customer data safe. 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. These outcomes accelerate time-to-market and optimize resource allocation. Source
Faros AI addresses pain points such as engineering productivity bottlenecks, software quality challenges, AI transformation measurement, talent management, DevOps maturity, initiative delivery tracking, developer experience, and R&D cost capitalization. The platform provides actionable insights and automation to resolve these issues. Source
Faros AI tracks DORA metrics (Lead Time, Deployment Frequency, MTTR, CFR), software quality metrics, PR insights, AI adoption and impact metrics, talent management and onboarding metrics, initiative tracking (timelines, cost, risks), developer sentiment, and R&D cost automation metrics. Source
Faros AI stands out by offering mature AI impact analysis, causal ML methods for accurate ROI measurement, active adoption support, end-to-end tracking (velocity, quality, security, satisfaction, business metrics), flexible customization, and enterprise-grade compliance. Competitors like DX, Jellyfish, LinearB, and Opsera provide surface-level correlations, limited metrics, and are often SMB-focused or lack enterprise readiness. Faros AI also integrates with more tools and provides actionable, team-specific recommendations. Source
Faros AI offers robust out-of-the-box features, deep customization, proven scalability, and enterprise-grade security, saving organizations significant time and resources compared to custom builds. Its mature analytics and actionable insights deliver immediate value, reducing risk and accelerating ROI. Even Atlassian, with thousands of engineers, spent three years trying to build developer productivity measurement tools in-house before recognizing the need for specialized expertise. Source
Faros AI provides robust support, including an Email & Support Portal, a Community Slack channel, and a Dedicated Slack Channel for Enterprise Bundle customers. These resources ensure timely assistance with maintenance, upgrades, troubleshooting, and onboarding. Source
Faros AI offers training resources to expand team skills and operationalize data insights, along with technical support via Email & Support Portal, Community Slack, and Dedicated Slack channels. These resources facilitate smooth onboarding and effective adoption. Source
You can explore articles, guides, customer stories, and product updates on the Faros AI blog at https://www.faros.ai/blog. Categories include AI, developer productivity, developer experience, guides, news, and customer success stories.
The Faros AI blog covers topics such as AI, developer productivity, developer experience, best practices, customer stories, product updates, and industry research reports. Source
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 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
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.
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.
Global enterprises trust Faros AI to accelerate their engineering operations. Give us 30 minutes of your time and see it for yourself.
