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AI Start-Up Phoebe Raises $17 Million From GV and Cherry Ventures Ahead of Platform Launch

Investors point to a gap in software reliability that Phoebe targets with agent-driven monitoring and automated fixes.

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Screenshot for Phoebe Secures $17M Seed Funding for AI Agent Platform

Overview

  • The UK company secured a $17 million seed round led by GV (formerly Google Ventures) and Cherry Ventures, with the announcement expected to coincide with a public launch this week.
  • Phoebe pitches a "software immune system" that continuously analyzes live system data and deploys swarms of AI agents to diagnose and remediate failures.
  • GV executive Roni Hiranand said code creation has advanced faster than reliability and praised Phoebe's vision for a contextual layer that helps prevent failures.
  • Trainline is an early customer, with its reliability lead saying the tool has materially sped up incident investigation and remediation.
  • Phoebe claims its approach can reduce error-resolution times by up to 90% and cites large global outage costs, figures presented by the company rather than independently verified.