Redactive Funding News – Australia-based Redactive Raises $7.5M Seed Funding

The company says it plans to hire roughly five people in the customer success, marketing, and engineering departments with the additional funds. According to Pankevicius, the company employs ten people at present.

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A portion of the money will also be used by Redactive to hire new workers in the United States.

"We're really trying to virtualize that AI engineer that's in so much demand right now to augment normal software teams," Pankevicius said.

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“We see significant market pull from large enterprise customers, especially banks, insurance companies and other companies in regulated industries, to build their AI strategy in a secure way,” said Victoria Treyger, general partner at Felicis. “We also loved the Atlassian DNA of the team, commercial instincts and distribution relationships with Zapier and other partners so early in Redactive’s life stage.”

About Redactive

Founded in 2023 by Andrew Pankevicius and Alexander Valente, Redactive provides AI application developers secure & scalable pipelines to enable real time data retrieval from business data sources, based on an end user's request & level of access control.

Redactive always respects access controls set by the data source & data pipeline can be configured to never store your end documents, reducing your risk on downstream technology vendors.