IBL News | New York
Resolve AI, a startup building AI agents to find and fix problems in live software systems, raised an additional $125 million, reaching a $1 billion valuation.
To reduce downtime, AI agents take actions autonomously, monitoring source code, connected databases, and underlying infrastructure, identifying the issue’s root cause and resolving it automatically, without requiring engineers to be on call to manually intervene.
These agents also help keep the system healthy and secure, flagging potential vulnerabilities and performance degradation.
To build its AI agents, Resolve AI uses frontier AI models and its in-house models.
While agents like Cursor or Claude Code help developers generate new code faster, Resolve AI focuses on software that’s already working.
The mentioned round was led by Lightspeed Venture Partners. Existing investors Unusual Ventures, Artisanal Ventures, and A* also participated, along with Greylock Partners, which led the startup’s $35 million seed round in late 2024.
The startup has since signed on high-profile customers, including Salesforce, Coinbase, and DoorDash, as well as 17 others.
Co-founders CEO Spiros Xanthos and CTO Mayank Agarwal started Resolve AI after leaving Splunk, the data platform Cisco Systems acquired in March 2024 for $28 billion. (Splunk had acquired Xanthos and Agarwal’s prior company, Omnition, in 2019.)
As developers, Xanthos and Agarwal spent about 80% of their time maintaining tools that were already live with customers.