Foresight Data just raised $5.5M in seed funding, but let’s not pretend this is just another line in the cap table. This is what it looks like when two veterans of the private markets step off the sidelines, load the tech stack with ammo, and build the system they wish they had when they were behind the curtain.
Founded in 2023 by Jason Miller (CEO) and Adam Devine (CRO), Foresight isn’t playing at “fixing” private market data, they’re declaring open season on the entire mess. Jason’s a West Point grad, Bronze Star recipient, and ex BlackRock, Point72, and Greycroft product operator who’s been elbows-deep in investment tech for 20 years. Adam’s a go-to-market assassin who’s made a career turning AI-driven enterprise software into real revenue, and not the kind that lives in pitch decks. These two don’t just understand the problem. They lived it. Now they’re turning it inside out.
Private markets have long been stitched together with spreadsheets and a hope that no one hits “sort” on the wrong column. Foresight Data is changing that with a proprietary AI-driven data mesh that pulls signals from over 50 sources, CRMs, cap tables, shared drives, accounting systems, KPI warehouses, and fuses them into a single, intelligent layer across three core products: Sourcing, Diligence, and Portfolio. Think less Frankenstein, more Tony Stark’s lab, running real-time unification, entity resolution, and advanced analytics like it’s second nature.
The funding round, led by New Enterprise Associates (NEA) with backing from KDX Ventures, marks Foresight’s first institutional raise, and it came with receipts. Madison Faulkner, NEA Partner and former Head of Data Science at Facebook and Greycroft, joins the board. That’s not just a seat at the table. That’s a vote of conviction from a heavyweight who knows what real AI and infrastructure scale looks like.
Foresight is already working with VCs and private equity giants like Forerunner Ventures and Kleiner Perkins, integrating directly into their sourcing and fund operations like it was built in-house. That’s the play: not just sell software, but become the backbone of private market decision-making. In a sector where over 75% of deal analysis is forecasted to be AI-informed by next year, timing isn’t just perfect, it’s surgical.
So yeah, $5.5M may be the headline. But the real story? Two founders with decades of scars just built the system everyone said couldn’t be done and brought in NEA to put the stamp on it. You don’t name a company “Foresight” unless you know exactly where this is going.
