p0 launched from stealth and today with $6.5 million in funding, led by Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.
The capital will be used to further develop their product, as it seeks to gain adoption from more users and build its team.
p0’s proprietary technology leverages Large Language Models (LLMs) to identify safety and security issues in software before it is ever run in a production environment. p0’s technology provides a single-click solution with no need for additional user configuration.
In an increasingly competitive and malicious environment vulnerabilities in enterprise codebases can lead to catastrophic security failures. Often, these failures can be fatal for businesses built on a foundation of customer trust and reliability. Data security is the most fundamental promise that a business can make to its users. Despite this, we've grown accustomed to hearing about massive data exploits on an almost daily basis. It' is's logical that recent research has found that 71% of software engineers are concerned about software reliability at their workplace.
"Across the world, recent catastrophic software failures have led to real-world impact on human life and poor outcomes for businesses," commented Prakash Sanker, Co-Founder and CTO of p0. "At p0, we're determined to stop these safety and security issues affecting our society. Leveraging AI, we can go further than traditional software reliability and security tools to ensure society sees the benefits of technology with less risk."
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p0 can handle a wide range of software issues including data integrity issues and validation failures (including those affecting data security), alongside speed and timeout issues. p0 noiselessly surfaces intelligent and actionable output far more effectively than traditional software reliability and security solutions. Through developer teams simply connecting their Git code repositories to p0, they can rapidly gain insight beyond what traditional rule-based static analysis tools can provide - with the ability to run code scans in just 1-click.
"We’re building a phenomenal team and product at p0, all focussed around protecting our clients and their users the damage that software vulnerabilities and reliability bugs can cause," added Kunal Agarwal, Co-Founder and CEO. "As software becomes more intricate and pervasive, the importance of robust testing and reliability checks has never been more apparent. p0 is here to fundamentally change how organisations tackle these challenges head-on by harnessing the analytical power of AI. Our innovative approach empowers developers to write safer, more secure code thereby pre-empting serious run-time failures and exploits."
Before founding p0, Sanker studied maths and computer science at Stanford University and worked at companies including Palantir. Agarwal, an economics graduate from Harvard College, previously founded a company backed by Lightspeed, Priority Vendor Technologies, which was acquired by Kansas-based C2FO in 2019.
"At Lightspeed, we’ve backed over 50 companies using Generative AI to create new markets and upend old ones," said Hemant Mohapatra, Partner at Lightspeed. "p0’s cutting-edge approach to code and API security is unique and amongst the first ever truly LLM-native ways of solving this age-old and ever-evolving problem. We're excited to have incubated and backed them from when this was just an idea on paper."
