TLDR: Allstacks, a software engineering intelligence platform based in Raleigh, NC, raised $10M in Series A funding led by Quadri Ventures and M12. The company plans to expand product capabilities, strategic integrations, and deploy AI-based capabilities to improve software development outcomes.
In a recent funding round, Allstacks, a provider of software engineering intelligence platform, secured $10M in Series A funding led by Quadri Ventures and M12, Microsoft’s Venture Capital Fund. Other investors included Companyon Ventures, Clutch VC, S3 Ventures, Tweener Fund, CreativeCo, and Hyperplane.
The funding will be used by Allstacks to enhance their product capabilities around enterprise scalability, expand strategic integrations in the Microsoft, Atlassian, and ServiceNow ecosystems, and deploy AI-based capabilities to reduce time to action in the software development lifecycle.
Allstacks, founded in 2017 by Hersh Tapadia and Jeremy Freeman, offers a predictive forecasting and risk management platform that leverages machine learning and AI models to identify at-risk initiatives in the software development lifecycle and provide solutions to improve outcomes. The company operates in eight countries.
