Software coders these days deal with copious amounts of data. But the way their teams are managed often doesn't take a lot of data into account.
That's the problem that the people behind Faros AI Inc. hope to solve. The company's service tracks software development cycles and the performance of particular engineering teams.
"Faros AI's mission is to give leaders the ability to easily answer questions about their operations intelligently," Vitaly Gordon, the Sunnvale startup's CEO, said in a news release.
Founded by three former Salesforce.com Inc. executives, the company already counts Coursera Inc., Box Inc. and GoFundMe Inc. among its customers. It now has $16 million to boost its business. It raised that amount in a seed round that Salesforce Ventures helped lead.
Here's more on Faros AI's new round and other seed funding news from this past week:
Faros AI Inc., Sunnyvale, $16 million: SignalFire, Salesforce Ventures, and Global Founders Capital led the round for this provider of a service for managing software engineering teams. Maynard Webb, Frederic Kerrest and Adam Gross also participated.
Rebel Girls Inc., Larkspur, $13 million: Owl Ventures led the round for this publisher of books targeted at girls. MindShift Capital, Emmeline Ventures, Joelle Kayden, Deborah Mei, Sukhinder Singh Cassidy, Wenda Millard, Brit Morin, Simone Otus Coxe and Kat Taylor also participated.
OwnIt Commerce Inc., San Francisco, $8 million: Caffeinated Capital, SciFi VC, GGV Capital and Abstract Ventures invested in the round for this provider of an online checkout service for providers of branded products.
Nifty League Inc., Mill Valley, $5 million: RSE Ventures led the round for the developer of a video game built around non-fungible tokens, or NFTs. Spartan Group, Lerer Hippeau, VaynerFund, Private Ventures Group, Advancit W3, Avocado Guild, EVOS Gaming, TEOH Capital, 3SE Holdings, y2z Ventures, Nyan Heroes, Matthew Kalish and Ryan Harwood also invested.
InspectHOA, San Francisco, $3.1 million: SVquad Ventures led the round for this provider of a service that acquires and analyzes homeowners association agreements for property owners and purchasers. Inventus Capital Partners and DevRev Inc. CEO Dheeraj Pandey also participated.
