Resolve AI, a startup developing an autonomous site reliability engineer, has raised a Series A funding round led by Lightspeed Venture Partners. Deal details were first reported by TechCrunch, which said the round carried a headline valuation of $1 billion, though the company’s blended valuation was lower due to a multi-tranched investment structure. The size of the round was not disclosed.
Founded less than two years ago, Resolve AI is led by former Splunk executives Spiros Xanthos and Mayank Agarwal, who previously co-founded Omnition, acquired by Splunk in 2019. TechCrunch reported that the company’s annual recurring revenue is approximately $4 million. Resolve AI’s platform automates tasks typically handled by human site reliability engineers by autonomously identifying, diagnosing, and resolving production issues in real time.
The company targets a growing challenge for software teams as systems become more complex and distributed across cloud environments, increasing operational burden and staffing pressure for SRE functions. Resolve AI previously raised a $35 million seed round led by Greylock, with participation from Fei-Fei Li and Google DeepMind scientist Jeff Dean. It competes with Traversal, another AI-focused SRE startup that raised a $48 million Series A led by Kleiner Perkins with backing from Sequoia.