By grounding AI in real-time enterprise context rather than just large language model reasoning, the company aims to move site reliability engineering and devops teams from a reactive posture to a predictive one.

NeuBird AI has raised $19.3 million in an oversubscribed funding round led by Xora Innovation, with participation from Mayfield, StepStone Group, Prosperity7 Ventures and M12, Microsoft's venture fund. The company develops an agentic AI platform for enterprise production operations. The platform autonomously analyses telemetry data, correlates signals across systems and delivers real-time root cause analysis and remediation. NeuBird recently introduced AI Falcon, extending capabilities to predictive risk detection and infrastructure cost optimisation. Since reaching general availability in December 2024, the platform has resolved over one million alerts, saved more than $2 million in engineering time and reduced mean time to resolution by up to 90%. The funding will accelerate product innovation and expand global go-to-market strategy.

StepStone Group has closed a structured solutions vehicle with $3.1 billion in commitments for investment in private markets secondaries, marking the largest transaction of its kind. The vehicle is designed to provide institutional investors with flexible access to the firm's secondaries platform. Shares rose in afternoon trading following the announcement, settling at $47.99. The stock has shown significant volatility over the past year. Whilst shares have declined year-to-date and trade below earlier peaks, a five-year investment would show a positive return.