Revefi Inc. said today it has armed itself with $10.5 million from a seed funding round, aiming to disrupt the data observability market with its artificial intelligence-powered Data Operations Cloud.

Today’s round was led by Mayfield Managing Partner Navin Chaddha and saw participation from GTMfund, Neythri Futures Fund and more than 10 other strategic investors.

Revefi’s platform is built around a co-pilot that enables data teams to understand their cloud-based data warehouses better. It’s a zero-touch data observability tool that provides reliable and prompt insights into things such as data quality and accuracy, and ensures that the right data is being fed to critical business applications.

Revefi also helps companies to rein in their cloud data warehouse spending. The company claims that one of its customers saved nearly 30% on its total Snowflake spend, while increasing its usage of that platform by 35%. The average customer can reduce cloud data bills by around 20%, it added.

Doug Henschen of Constellation Research Inc. told SiliconANGLE Revefi is operating in a nascent but fast growing data observability market that’s led by young and focused startups such as Acceldata Inc., Decube Data Sdn Bhd, Quantifai, Inc.’s Metaplane and Monte Carlo Inc. Given the market is so young, he said there’s lots of room for Revefi to make a splash, especially if it can innovate. “A $10.5 million seed funding round is not an outlandish bet, but if the data observability market really does catch on there are many data integration vendors that will swoop into it,” Henschen said. “I’ve already seen data observability messaging and capabilities being added by Precisely, Qlik and others.”

The credibility of Revefi’s solution is boosted by the fact that its two leading executives previously co-founded the AI-powered business intelligence firm ThoughtSpot Inc., which is now considered a major player in the big-data industry and valued at more than $4.2 billion.

Its co-founder and Chief Executive Officer is Sanjay Agrawal, who knows a lot about data platforms. He architected and developed a self-managing distributed data warehouse at ThoughtSpot that’s purpose-built for interactive ad hoc analytics. Prior to that, he spent more than a decade at Microsoft Corp. and Google LLC developing self-tuning and petabyte-scale databases.

Revefi’s other co-founder, Chief Technology Officer Shashank Gupta, also possesses a wealth of experience in big data, having previously proposed and led the automated data quality effort for Meta Platforms Inc.’s data warehouse. At ThoughtSpot, he was responsible for data engineering, leveraging his search experience at Amazon.com Inc. and Yahoo Inc. to develop pioneering natural language-based search over data functionality.

Lead investor Chaddha said it was the pedigree of Revefi’s leaders that first caught his attention. “Sanjay and Shashank are world-class serial entrepreneurs who are addressing a massive market opportunity around data quality, performance, cost and observability,” he said. The support from so many investors in its seed round highlights the strong value Revefi provides to its customers, he added.

Image: Revefi