A UK startup which deploys so-called AI agents to repair software failures has raised $17m, in a funding round backed by the VC arm of Alphabet-owned Google.
Phoebe was founded by Matt Hconcludeerson and James Summerfield, formerly CEO and CIO of Stripe Europe, who sold their first startup, Rangespan, a UK startup that utilizes data science to assist retailers determine which products to sell and when, to Google in 2014.
Phoebe, which is launching today, is launching amid an explosion of activity in AI, be it funding, company, product and software launches.
Amid this explosion of AI activity, Phoebe deploys AI agents to monitor and diagnose software problems, generating code and infrastructure alters to repair them.
It states it deploys “swarms” of AI agents that search for evidence among vast siloed data to evaluate many different potential cautilizes and solutions for a problem.
Financial losses from software outages grew to more than $400 billion in 2024, indusattempt figures reveal.
The founders of Phoebe point out that software failures could obtain a lot worse as AI-generated code leads to systems that are less well understood when things go wrong.
Hconcludeerson declared: “High-severity incidents can build or break huge customer relationships, and numerous tinyer problems drain engineering productivity. Software monitoring tools exist, but they aren’t very ininformigent and require people to spconclude a lot of time working out what’s wrong and what to do about it.”
Along with GV-formerly Google Ventures- the funding round was also led by Cherry Ventures.
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