Investments
25Portfolio Exits
4Partners & Customers
10Service Providers
3Latest Foundry News
Oct 18, 2023
Foundry for AI by Rackspace Partners with Straits Interactive to Launch AI Data Protection Officer on Microsoft Azure OpenAI Service Rackspace Technology® has partnered with Straits Interactive to create an AI Data Protection Officer (DPO) Assistant with Foundry for AI by Rackspace (FAIR™) on Microsoft Azure OpenAI Service. The driving force behind the collaboration is to promote the responsible use of AI by leveraging Rackspace Technology’s multicloud solutions integrated with Microsoft Azure OpenAI Generative Service. Straits Interactive and Rackspace Technology will offer joint solutions that include AI-enabled multicloud solutions integrating Microsoft Azure OpenAI Service and Microsoft Purview for data governance as part of its Capabara Capability-as-a-Service platform services. These solutions will enable organizations to harness generative AI for business transformation. The AI DPO Assistant, one of the first in the Asia Pacific and Japan (APJ) region, is a chatbot powered by generative AI as part of Straits Interactive’s suite of services within Capabara, The Capabara platform is a proprietary Capability-as-a-Service that offers a comprehensive solution for organizations to develop, govern, and manage digital transformation goals while ensuring the safe and responsible use of generative AI. The AI DPO Assistant chatbot guides organizations, especially SMEs, in data governance and navigating data protection requirements. Built on the Microsoft Azure Open AI Service, the chatbot securely stores data in a multicloud environment by Rackspace Technology. The AI DPO Assistant will: Enable clients and service providers to efficiently query industry best practices and procedures in multiple jurisdictions. It will also allow governance teams to securely upload their Governance, Risk Management, and Compliance (GRMC) documents and provide self-help assistance to employees across the organization. Collaborate with consultants from Straits Interactive to operationally comply with data protection requirements, which consider bespoke company policies, associated risks, and recommended operational controls. Leverage generative AI capabilities to create customized in-house Generative AI apps using Straits Interactive AI Capability tools, including tabletop exercises for breach scenarios, self-learning compliance modules, assessment questions, and more.
Foundry Investments
25 Investments
Foundry has made 25 investments. Their latest investment was in Optimize Health as part of their Series B on October 10, 2023.
Foundry Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/10/2023 | Series B | Optimize Health | $18M | Yes | 4 | |
2/22/2012 | Series C | ihaveu.com | No | |||
11/14/2011 | Unattributed VC | Sitoy | Yes | |||
6/13/2011 | Series F | |||||
12/27/2010 | Series B |
Date | 10/10/2023 | 2/22/2012 | 11/14/2011 | 6/13/2011 | 12/27/2010 |
|---|---|---|---|---|---|
Round | Series B | Series C | Unattributed VC | Series F | Series B |
Company | Optimize Health | ihaveu.com | Sitoy | ||
Amount | $18M | ||||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 4 |
Foundry Portfolio Exits
4 Portfolio Exits
Foundry has 4 portfolio exits. Their latest portfolio exit was Hook Mobile on August 02, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/2/2018 | Acquired | 1 | |||
Date | 8/2/2018 | |||
|---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
Foundry Acquisitions
4 Acquisitions
Foundry acquired 4 companies. Their latest acquisition was Selling Simplified on February 08, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
2/8/2022 | Debt | $9.9M | Acquired | 3 | ||
12/14/2021 | Seed / Angel | |||||
9/14/2021 | Series B | |||||
6/23/2020 | Series A |
Date | 2/8/2022 | 12/14/2021 | 9/14/2021 | 6/23/2020 |
|---|---|---|---|---|
Investment Stage | Debt | Seed / Angel | Series B | Series A |
Companies | ||||
Valuation | ||||
Total Funding | $9.9M | |||
Note | Acquired | |||
Sources | 3 |
Foundry Partners & Customers
10 Partners and customers
Foundry has 10 strategic partners and customers. Foundry recently partnered with Dice Inc on July 7, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/9/2020 | Partner | United States | IDG and Dice Partner to Launch Global Virtual Tech Recruitment Event Series • Foundry This exclusive global partnership will unite IDG Communications , Inc. 's award winning content/brands and robust virtual events with Dice , the leading career hub for technologists . | 1 | |
11/14/2019 | Partner | Brazil | 14 , 2019 -- Stefanini , a $ 1B global IT provider , and IDG , the world 's leading technology media , data and marketing services company , partnered to conduct a survey , `` How Cognitive Technologies Will Transform the Customer Experience , '' which identifies the specific factors that are driving interest in the use of cognitive technologies . | 1 | |
7/3/2018 | Vendor | United States | Outbrain and IDG Announce Strategic Partnership. The partnership with Outbrain will see IDG utilize the full suite of Outbrain 's Engage Solution tools across all their publishing titles in the US and UK and select titles in France and Spain , to deliver high-quality organic and sponsored content to audiences across its wide portfolio of digital publications . | 2 | |
11/2/2015 | Partner | ||||
6/4/2013 | Licensee |
Date | 7/9/2020 | 11/14/2019 | 7/3/2018 | 11/2/2015 | 6/4/2013 |
|---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Licensee |
Business Partner | |||||
Country | United States | Brazil | United States | ||
News Snippet | IDG and Dice Partner to Launch Global Virtual Tech Recruitment Event Series • Foundry This exclusive global partnership will unite IDG Communications , Inc. 's award winning content/brands and robust virtual events with Dice , the leading career hub for technologists . | 14 , 2019 -- Stefanini , a $ 1B global IT provider , and IDG , the world 's leading technology media , data and marketing services company , partnered to conduct a survey , `` How Cognitive Technologies Will Transform the Customer Experience , '' which identifies the specific factors that are driving interest in the use of cognitive technologies . | Outbrain and IDG Announce Strategic Partnership. The partnership with Outbrain will see IDG utilize the full suite of Outbrain 's Engage Solution tools across all their publishing titles in the US and UK and select titles in France and Spain , to deliver high-quality organic and sponsored content to audiences across its wide portfolio of digital publications . | ||
Sources | 1 | 1 | 2 |
Foundry Service Providers
3 Service Providers
Foundry has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acq - Fin - II | Investment Bank | Financial Advisor | |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Acq - Fin - II | ||
Provider Type | Investment Bank | ||
Service Type | Financial Advisor |
Partnership data by VentureSource
Foundry Team
41 Team Members
Foundry has 41 team members, including current Chief Executive Officer, Mohamad Ali.
Name | Work History | Title | Status |
|---|---|---|---|
Mohamad Ali | Carbonite, HP Tech Ventures, Hewlett-Packard, Aspect Software, Avaya, and IBM | Chief Executive Officer | Current |
Name | Mohamad Ali | ||||
|---|---|---|---|---|---|
Work History | Carbonite, HP Tech Ventures, Hewlett-Packard, Aspect Software, Avaya, and IBM | ||||
Title | Chief Executive Officer | ||||
Status | Current |
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