Phoebe, a London-based provider of an AI agent platform, secured $17 million in seed funding. GV and Cherry Ventures led this round.
The company intends to expand its operations and development efforts. Founded in 2024 by CEO Matt Henderson and James Summerfield, Phoebe offers an AI agent platform. Specifically, this platform leverages artificial intelligence to act as an immune system for modern software.
Advancing AI for Software Reliability
Phoebe's platform uses swarms of AI agents. These agents continuously investigate and fix problems within production environments. Consequently, incident resolution times reduce by up to 90%, preventing disruptions.
Phoebe serves companies across fintech, digital commerce, and software-as-a-service.
Moreover, it helps improve reliability and reduces operational risk. Furthermore, the platform frees engineers from time-intensive manual investigation work, streamlining software development processes. While companies like Datadog and New Relic provide monitoring, Phoebe focuses on proactive problem resolution.
