Redactive, a start-up founded by a pair of former Atlassian product managers and a machine learning engineer, has raised an $11.5 million seed funding round after convincing financial services clients to use its platform to let regular software engineers develop artificial intelligence applications.
The funding round was jointly led by Sydney venture capital firm Blackbird Ventures and US-based early Canva investor Felicis Ventures. US-based automation software company Zapier and Atlassian’s venture capital arm also pitched money into the round.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
