Source: Elastic agrees to buy CRV-backed DeductiveAI for up to $85M
DeductiveAI, a startup that uses AI to catch and resolve bugs in software, has agreed to be sold to enterprise software company Elastic for up to $85 million, according to a person with knowledge of the deal.
Deductive, which was founded in 2023, came out stealth last November when it announced a $7.5 million seed round led by CRV with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. The investment valued the startup at $33 million, according to PitchBook.
Elastic and Deductive did not respond to multiple requests for comment. TechCrunch will update this article if either company responds.
The sale marks a speedy exit for Deductive, which is operating in a fast-growing sector known as AI site reliability engineering (AI SRE). Building AI-powered SRE tools has become an important area, driven by the massive influx of AI-written code. Replacing manual debugging with AI enables human SREs to shift focus...
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