Codified Secures $4 Million in Seed Funding for AI-Driven Data Governance Solution

Codified Secures $4 Million in Seed Funding for AI-Driven Data Governance Solution

Seattle-based startup Codified has successfully raised $4 million in seed funding to advance its innovative AI-powered data governance platform. This significant investment round, spearheaded by Madrona Ventures and Vine Ventures, alongside contributions from Soma Capital and notable angel investors including JG Chriapurath, Bob Muglia, and Shireesh Thota, underscores the growing importance of streamlined data governance processes in today’s business landscape.

Founded by Yatharth Gupta, Codified is on a mission to revolutionize data governance by leveraging the power of Generative AI. The platform addresses the complex challenges associated with safeguarding data integrity while facilitating appropriate access for authorized users and applications. With an emphasis on simplicity and efficiency, Codified’s solution enables organizations to articulate and enforce data governance policies using natural language, minimizing the need for manual intervention.

“Clients often expend months implementing data governance solutions, but with Codified, we aim to change this narrative. Our platform empowers clients to save time and resources while significantly enhancing their security protocols,” stated Yatharth Gupta.

One of the core strengths of Codified’s platform lies in its ability to provide comprehensive visibility into data access rights, offering insights into user privileges, roles, and group permissions. By automating policy enforcement and access provisioning, Codified ensures that data access aligns seamlessly with business objectives, mitigating risks associated with unauthorized usage or breaches.

“Safeguarding data integrity and privacy is paramount for businesses grappling with increasing data volumes and regulatory scrutiny. Codified’s AI-driven approach represents a paradigm shift in data governance, enabling organizations to navigate this landscape with confidence,” remarked S. Somasegar, Managing Director at Madrona Ventures.

Looking ahead, Codified plans to utilize the seed funding to bolster its team, expedite product development, and pave the way for a market launch. The company is set to collaborate with design partners and anticipates offering a product preview to select customers in 2024. By harnessing the transformative potential of AI, Codified is poised to usher in a new era of data governance, empowering organizations to harness the full potential of their data assets securely and efficiently.

Leave a Reply

Your email address will not be published. Required fields are marked *