Israeli engineering efficiency startup Milestone announced today that it has completed a $10 million seed round, led by San Francisco-based Heavybit and local Hanaco Ventures, with participation from Atlassian Ventures and Tom Preston-Werner, co-founder of GitHub, as well as former AT&T CEO John Donovan as angel investors. The company positions itself as a "GenAI data lake," connecting four sources of data—enterprise code repositories, project management, team structure, and code generation tools—for clients such as Kayak, Monday, and Sapiens to track AI usage frequency, defect rates, and the speed of feature delivery, thereby quantifying the real impact of generative AI on R&D ROI.

Liad Elidan, CEO and co-founder, said that before the funding, investors were concerned that they would need to open up their entire code repository to use the platform. However, the above client practices showed that after gaining access to the data, management actually added more AI tool licenses, with no one choosing to stop using the tools. The company currently integrates with mainstream development stacks such as GitHub, Augment Code, Qodo, Continue, and Atlassian, and will focus on enterprise-level features in the future, without expanding into non-engineering scenarios such as marketing for now.

Milestone's technology stack was jointly built by Elidan and Stephen Barrett, the Chief Technology Officer who teaches at Trinity College Dublin in Ireland. The two had worked remotely for many years. Barrett believes that AI is filling the capacity of teams, and the role of engineers will shift more towards management. Milestone's goal is to provide the data infrastructure for this transformation.