In the realm of enterprise software, data has ascended to a position of paramount importance, a trend amplified by the advent of large language models. Concurrently, regulations governing data utilization have proliferated, rendering compliance a critical and intricate challenge.
Enter Codified, an early-stage startup birthed within the hallowed halls of venture capital firm Madrona Venture, poised to tackle the data compliance enigma. Founded by Yatharth Gupta, a data industry veteran, Codified recently secured $4 million in seed funding, propelling its mission to empower innovation by facilitating compliant data access within organizations.
Gupta astutely observed the conundrum faced by companies: a wealth of data yearning to be harnessed, yet hindered by the need to control access meticulously. He recognized the limitations of rigid software solutions, leaving organizations vulnerable, particularly in the face of evolving policies.
Codified’s solution lies in translating policies into adaptable code, seamlessly integrated with diverse applications and effortlessly modified to accommodate new customer segments or user categories. This approach empowers companies to establish hard-coded data access rules, eliminating reliance on dynamic groups that often fail to keep pace with employee mobility and job changes.
Gupta’s extensive experience in the data realm, spanning 15 years at Microsoft and a stint at SingleStore, fueled his passion for addressing the challenges he now confronts with Codified. The product, currently under development, has undergone refinement through collaboration with design partners. Gupta’s dedicated team, comprising five full-time employees and a contingent of contractors, anticipates releasing a candidate version later this year.
Codified’s seed funding round attracted the attention of notable investors, including Vine Ventures, Soma Capital, and Madrona Venture Labs, the incubator that nurtured the startup’s early growth. The company stands poised to revolutionize data compliance, enabling organizations to unlock the full potential of their data while navigating the intricate regulatory landscape with confidence.