Berlin-based Restate raises $20M
The team behind a technology that underpins real-time data use inbanking has raised $20m in a Series A funding round for a startup, which carries outthe plumbing work behind AI agents.Thefunding round...
A Berlin-based startup called Restate has secured $20 million in a Series A funding round, led by European VC firm Singular. Additional investors include Redpoint Ventures and Capital One Ventures. This brings Restate's total funding to $27 million. The investment will be used to support product development and expansion into the United States, with a new commercial hub planned in San Francisco.
Restate's technology forms the backbone for real-time data use in banking and other sectors, handling the "plumbing work" behind AI agents. The startup's software ensures that AI agents and backend applications remain reliable, preventing crashes and other failures. Developers can focus on their core tasks while Restate manages the technical aspects.
Founded in 2024, Restate's services are already used by hundreds of companies, including several Fortune 500 firms. Stephan Ewen, CEO and co-founder, explained that their tech addresses the need for durability in modern software, which often consists of services, agents, workflows, and state that must all function reliably when interacting with one another. Ewen believes durability should be an inherent characteristic of the infrastructure itself.
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