p0 launches from stealth with $6.5m to stop catastrophic software failures using Generative AI
–News Direct–
In an increasingly competitive and malicious environment vulnerabilities in enterprise codebases can lead to catastrophic security failures. Many times these 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 have grown accustomed to hearing about massive data exploits on an almost daily basis. It is logical that recent research has found that 71% of software engineers are concerned about software reliability at their workplace.
p0 has launched from stealth and today announces that it has raised $6.5m from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures. p0s proprietary technology leverages Large Language Models (LLMs) to identify safety and security issues in software before it is ever run in a production environment. p0s technology provides a single-click solution with no need for additional user configuration.
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.
Prakash Sanker, Co-Founder and CTO of p0 said: Across the world, recent catastrophic software failures have led to real-world impact on human life and poor outcomes for businesses. At p0, we are 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.
Kunal Agarwal, Co-Founder and CEO of p0 commented: Were 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.
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, has previously founded a company backed by Lightspeed, Priority Vendor Technologies, which was acquired by Kansas-based C2FO in 2019.
p0 will use the capital to develop its product further, as it seeks to gain adoption from more users and build its team further.
Hemant Mohapatra, Partner at Lightspeed, commented: "At Lightspeed weve backed over 50 companies using generative AI to create new markets and upend old ones. p0s 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 are excited to have incubated and backed them from when this was just an idea on paper
About p0
Founded by Prakash Sanker and Kunal Agarwal, p0 leverages AI to help software teams surface critical security issues in software before their code is deployed to production. Through connecting with Git code repositories, p0 can identify a variety of software issues, using Generative AI to go further in identifying bugs than other tools can. For more information, please visit https://p0.inc/
About Lightspeed
Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, and Health sectors. Since 2000, Lightspeed has backed entrepreneurs and helped build companies of tomorrow, including: Affirm, Acceldata, AppDynamics, Darwinbox, Hasura, Nutanix, OYO, Razorpay, Snap, Supabase, and Udaan. Lightspeed and its affiliates currently manage more than $18 Billion across the global Lightspeed platform, with investment professionals and advisors in India, Silicon Valley, Israel, China, Southeast Asia and Europe. www.lsip.com
Contact Details
p0
Bilal Mahmood
+44 7714 007257
b.mahmood@stockwoodstrategy.com
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/p0-launches-from-stealth-with-6-5m-to-stop-catastrophic-software-failures-using-generative-ai-534945160
p0 Inc
COMTEX_447053654/2655/2024-01-30T09:02:42
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