Raleigh, North Carolina based Allstacks announced it raised new funding for its predictive forecasting and risk management platform.
The startup announced it has raised $4.7 million in seed funding from Hyperplane Venture Capital which lead the funding in this round. S3 Ventures, Polaris Ventures, Uncommon Denominator, Wildcat VC, Bala Investments, and Moneta Ventures all participated in the round.
“We are thrilled our investors are eager to join us in our vision of changing the way software is built and delivered,” said Hersh Tapadia, Allstacks co-founder and CEO, in a statement. “Allstacks refocuses the conversation around software development to center on outcomes, not arbitrary metrics, enabling the entire company and all of its stakeholders to align around what really matters – getting great product to the market.”
Allstacks uses machine learning and AI models across the data from the entire software development life cycle, identifying at-risk initiatives then provides solutions to get them back on track.