# Faros AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/faros-ai

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.faros.ai
- Total disclosed funding: $32M
- Latest round: Series A (Jun 27, 2023)
- Investors on record: 5

## About

Based in California, US, and founded in 2019 by Matthew Tovbin, Shubha Nabar, Vitaly Gordon, Faros AI, Inc. operates as a provider of an engineering operations platform. In June 2023, Faros AI, Inc. raised USD 20 million in series A funding led by new investor Lobby Capital, with participation from returning investors Operator Collective, Salesforce Ventures, and SignalFire also participated in the round.

Faros AI, Inc. develops a platform that provides operational data to one place in the form of a single-pane view of the software development process. The system provides information about operations across productivity, program management, onboarding, compliance, cost optimization, etc. Faros integrates with systems including GitHub, GitLab, BitBucket, JIRA, Jenkins, CircleCI, Harness, VictorOps through API. The company also allows the analysis of data in preconfigured dashboards and also allows automation of workflows and the development of reports.

Faros AI, Inc. generates revenue by charging a monthly fee for the subscription to the platform. The company charges USD 15/user/month for the Professional plan.

The company plans to use the funds to expand operations and its business reach.

## Funding rounds

- Series A, Jun 27, 2023, $20M — Salesforce Ventures, SignalFire, Operator Collective, Lobby Capital
- Seed, Jan 31, 2022, $12M — Global Founders Capital, Salesforce Ventures, SignalFire

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Seed, Series A
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Seed, Series A
- Operator Collective (https://capitalatlas.ai/funds/operator-collective) — Series A
- Lobby Capital (https://capitalatlas.ai/funds/lobby-capital) — Series A