Coral
Category: AI Developer Tools
An open-source data retrieval layer that gives AI agents a single SQL interface across APIs, databases, and internal systems. Coral was founded in 2024. The company is led by Matt Henderson. Based in London, United Kingdom. Team size: 11-50. Total funding raised: $17 million. Latest round: Seed. Key investors include Google Ventures, Cherry Ventures.
- Founded
- 2024
- Headquarters
- London, United Kingdom
- Team size
- 11-50
- Total funding
- $17 million
Value proposition
Enables AI agents to retrieve and query fragmented enterprise data through one secure SQL interface, improving retrieval accuracy and token efficiency.
Products and solutions
Open-source local-first SQL runtime for querying APIs, files, and live data sources, MCP and CLI interfaces for agent data retrieval
Unique value
Its 'agentic AI' approach, which functions like an 'immune system' for software. Unlike traditional monitoring tools, Phoebe's AI agents autonomously and proactively investigate, diagnose, and generate preemptive fixes for software issues.
Target customer
Engineering teams and enterprises building AI agents that need secure, accurate retrieval across APIs, databases, and internal systems.
Industries served
Technology, Fintech, Transportation Tech
Technology advantage
A local-first, read-only SQL runtime that unifies live data sources for agents, supports cross-source joins, and keeps credentials and data within the customer's environment.
How they differentiate
Phoebe differentiates itself by using agentic AI to act as an 'immune system' for software. Instead of just monitoring and alerting like traditional observability platforms, Phoebe's AI agents actively investigate, diagnose, and remediate software failures in real-time, significantly reducing the manual workload for engineers.
Main competitors
Datadog, Dynatrace, New Relic
Key partnerships
GV (Google Ventures), Cherry Ventures, Trainline (early customer), PPRO (early customer)
Notable customers
Information not publicly available.
Major milestones
Founded in 2024., Secured $17 million (£12.6 million) in a seed funding round in August 2025., Phoebe became Coral and publicly launched its open-source data retrieval layer on 2026-04-27.
Growth metrics
As a private and recently launched startup, specific growth metrics are not publicly available.
Market positioning
Phoebe is positioning itself as a next-generation AIOps platform that goes beyond observability to provide automated issue resolution. It targets companies with complex software systems where downtime and slow remediation are costly.
Geographic focus
Phoebe is headquartered in London, United Kingdom, and is initially focused on the European and North American markets.
Patents and IP
No publicly available information on patents.
About Matt Henderson
Previously CEO of Stripe Europe, product director at Amazon and Google, and co-founder of Rangespan (acquired by Google).
Latest news about Coral
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Official website: https://withcoral.com/