Redactive

🚀 Redactive completes $11.5m Seed Round! 🚀 We are thrilled to announce that Redactive has successfully completed an $11.5M seed round, co-led by Felicis and Blackbird, alongside Atlassian Ventures and Zapier. Over the past 8 months, we've grown into a 10-person team with multiple financial institutions as paying customers. This funding will help us expand our engineering, marketing, and customer success teams and scale our operations to the US, where we’re already working on exciting pilots. Our mission is to become the trusted GenAI engineer for enterprise teams. Solving for the complex data engineering skillset, Redactive empowers even the most regulated enterprises the ability to use their existing software teams to build their own Generative AI applications, enabling them to invest in their own Intellectual property whilst ensuring security and scalability, Curious to learn more about our journey and vision? Check out the detailed blog post in the comments below!

Two Australian startups - which have been supported by Austrade’s San Francisco Landing Pad - announced funding rounds to supercharge their US expansion this week.🚀📢 ReciMe, a home cooking app designed to help cooks organise, share and shop their recipes, secured A$1.5m in its seed round, led by existing New Zealand investor Even Capital and supported by leading tech executive Marissa Mayer among others. Australia-based security startup Redactive closed A$11.5m in funding with Felicis Ventures, Blackbird and Atlassian's venture arm among investors. Its enterprise platform helps corporations use #GenerativeAI while protecting proprietary information. Austrade’s Landing Pads connect Australian #tech scaleups with opportunities, customers, partners and funding, along with advice and in-market support to accelerate international expansion. 🌏✅ Explore Austrade’s Landing Pads: https://ow.ly/rNR650SvEUR Sunil Joshi | Malcolm Roberts #FinTech #AusBiz #AI #LandingPads #startup #scaleup #Austrade

Enterprise customers in regulated industries won’t be able to adopt AI without the ability to secure data and manage permissions. Redactive solves this critical problem with an elegant product built to enable enterprise AI adoption. When we met ex-Atlassian founders Andrew Pankevicius and Alexander Valente, we were immediately impressed with their product and commercial approach, and blown away by the level of market pull from banks, large financial institutions, and other customers in regulated industries. Thrilled to announce Felicis new investment into Australia’s tech ecosystem with our bet on Redactive. I couldn’t be more excited join the team as a board observer to partner with Andrew Pankevicius, Alexander Valente, and @Lucas Sargent, and to co-lead this round with our friends Blackbird. Grateful to work with Nancy Wang and Atlassian Ventures on this investment.

I am super happy to share: Redactive has raised an 11.5million dollar seed round! You can read all about the raise in the post bellow. This capital enables us to build the access, security and governance tools for a GenAI future. We are growing our team and expanding our product offering to solve more and more problems in more countries around the world. This is a massive achievement for our organisation and we are excited to work with Blackbird (AU) and Felicis (US), along with my old employer Atlassian. Our vision at Redactive is to secure every organisations LLM adoption. We think that this is one of the most important problems to solve in the technology industry currently. I am happy to invest my time in ensuring that applications can be responsibly developed and that peoples data can be secured. On a personal note: It's been awesome to be able to build this company with my team. I am outrageously lucky to work with these people and every day I am thankful of the people around me. This has been evident both internally in the company and externally. The startup community in Australia has been super supportive and the technology community abroad has been extremely helpful.

After 8 months of hard work, I'm proud to finally share that Redactive has raised $11.5million to fuel our mission to be your team's trusted AI engineer! Redactive’s developer platform solves for the most complex problems that traditional software engineers are struggling to navigate in an AI focused world. We don’t replace your existing software engineers or automate their job. Instead, we solve for the emerging & lucrative ‘data engineering’ skillset that is table-stakes for an AI application to function. But more than that, Redactive is now a 10 person team with top-tier international investors, co-led by Blackbird (AU) and Felicis (US) along Zapier and my old employer Atlassian via their ventures team. I'd stress that there really aren’t many startups in Australia focused on building developer platforms for a global audience, let alone ones focused on how enterprises solve empowering security teams to manage new data threats and support business leaders to practise Responsible AI. We are really proud as a team to focus on huge, global challenges that are facing purposeful AI adoption and make a mark on it from our corner in the world. Alexander Valente , Lucas (he/him) Sargent, Michael Tolo, Victoria Treyger, Clare Birch, Mike Knoop, Jay Simons, Peter Lenke, CFA

Two Australian startups that our Landing Pad has closely supported announced their funding rounds this week! ReciMe, led by Will, Christine and Ivy secured $1.5M, partnering with leading female executives Marissa Mayer, Deborah Liu, among others. Redactive, founded by Alexander, Andrew and Lucas closed $7.5M by Felicis, Blackbird, Atlassian's venture arm, among others. The funding rounds demonstrate the potential of Australian startups in the US, with promising business models, growth potential and highly capable founding teams!

Blackbird and Atlassian Ventures have led an $11.5 million funding round for Redactive AI - a Melbourne-based developer platform co-founded by a pair of former Atlassian product managers Alexander Valente & Andrew Pankevicius - along with AI engineer Lucas (he/him) Sargent. The strong founder team and early traction have impressed investors in Silicon Valley. “We loved the Atlassian DNA of the team, commercial instincts, and distribution relationships with Zapier and other partners so early in Redactive's life stage," says @Victoria treyger, a general partner at Felicis Ventures - early investors in Australian unicorns Canva and Culture Amp. 🖋 Shivaune Field for Forbes Australia

Melbourne-headquartered startup Redactive aims to give the generative artificial intelligence capabilities of large enterprises a leg-up following its latest $11.5 million seed round, after already securing two major Australian clients - a super fund and a financial exchange - in its first eight months of operation. Blackbird and Felicis co-lead the seed round, other investors include Atlassian Ventures and Bond Capital and Zapier. Andrew Pankevicius, who co-founded the business in September 2023 with fellow ex-Atlassian product manager Alexander Valente and real-life AI engineer Lucas (he/him) Sargent, says the platform solves for the most complex problems for AI that traditional software engineers are struggling to navigate. https://lnkd.in/gtTSheGs

🚨 Redactive AI has secured $11.5 million in seed funding for its enterprise-grade AI solutions platform. The startup was founded by Atlassian alumni Andrew Pankevicius and Alexander Valente, along with AI engineer Lucas (he/him) Sargent. The round was led by Blackbird Ventures and US-based Felicis Ventures, with additional investments from Atlassian Ventures and automation software company Zapier. Tegan Jones has more ⬇

Redactive has become an Australian success story, building an organisation on the ethical and security conscious view of AI. We’ve heard it time and time again, failed GenAI POC’s because InfoSec aren’t comfortable with how access and permissions are handled. Redactive solve this very real problem. Congratulations to some of the best humans I know :) Andrew Pankevicius Lucas (he/him) Sargent and Alexander Valente