"Resolve AI, a startup automating the work of system reliability engineering (SRE), aka troubleshooting system failures, has announced a $125 million Series A at a $1 billion valuation. The round was led by Lightspeed Venture Partners, with participation of existing investors including Greylock Partners, Unusual Ventures, Artisanal Ventures, and A*. The announcement confirms TechCrunch's December report that the startup was raising at a billion-dollar valuation led by Lightspeed."
"Sources told TechCrunch at the time that the round may have consisted of multiple tranches, at different prices, which could have put the company's actual blended valuation below $1 billion. A spokesperson for Resolve denied that there were multiple tranches in the round, saying that 100% of the equity was purchased at a valuation of $1 billion. As we previously reported, this kind of structure allows certain investors, often the lead, to purchase a significant portion of equity at a lower price."
Resolve AI raised $125 million in a Series A at a $1 billion valuation to automate system reliability engineering (SRE) and troubleshoot system failures. The round was led by Lightspeed Venture Partners with participation from Greylock Partners, Unusual Ventures, Artisanal Ventures, and A*. There were claims the round may have included multiple tranches at different prices that could have reduced the company's blended valuation; Resolve denied multiple tranches and said 100% of the equity was purchased at a $1 billion valuation. Resolve was co-founded in early 2024 by former Splunk executives Spiros Xanthos and Mayank Agarwal. The emerging category of companies applying AI to identify and resolve outages is known as AI SRE.
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