# Redactive Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redactive-software-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.redactive.ai
- Total disclosed funding: $7.7M
- Latest round: Seed (Jul 2, 2024)
- Investors on record: 4

## About

Based in Victoria, Australia, and founded in 2023, Redactive Software Pty Ltd, a.k.a. Redactive operates as a software development company that focuses on providing a developer platform with GenAI capabilities to build and maintain their own generative AI use cases and applications. In July 2024, Redactive Software Pty Ltd raised AUD 11.5 million in seed funding, co-led by Blackbird and Felicis Ventures, with participation from Atlassian Ventures and Zapier, Inc.

Redactive offers a developer platform designed to simplify the creation of AI-enhanced applications by removing the need for specialist data engineering knowledge. The platform includes pre-built data connectors, authentication flows, and integrations with various tools like Google Drive, Salesforce, and Slack. In addition, the platform supports multiple AI use cases, such as customer service, content generation, and workflow automation, while ensuring enterprise-grade security and compliance. Redactive manages data pipelines, handles chunking, embedding, and indexing, and respects access controls set by data sources, thus reducing the risks associated with data storage and downstream technology vendors.

The company plans to use its proceeds from July 2024 funding to grow the engineering, marketing, and customer success teams, as well as scale its operations to the US.

## Funding rounds

- Seed, Jul 2, 2024, $7.7M — Felicis Ventures, Zapier, Inc., Blackbird, Atlassian Ventures

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- Zapier, Inc. — Seed
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed
- Atlassian Ventures (https://capitalatlas.ai/funds/atlassian-ventures) — Seed