Former Palantir executives launch new startup with $30M funding backed by Sequoia

Edra, a New York-based startup focused on helping companies automate workflows by transforming their operational data into a continuously updated knowledge base, has secured a significant boost with a $30 million Series A funding round. The round was led by Sequoia, with additional participation from 8VC and A*, the venture firm established by entrepreneur Kevin Hartz.

The company’s founders bring notable experience. Eugen Alpeza and Yannis Karamanlakis say they first met at university 13 years ago and later spent several years working at Palantir before deciding to launch their own venture. During his time there, Alpeza worked on building major commercial accounts and played a role in launching Palantir’s AI platform. Karamanlakis, meanwhile, served as the company’s first forward-deployed AI engineer, focusing on moving AI systems from demonstration stages into real-world production environments.

Edra is addressing a common challenge faced by many organisations. Businesses often accumulate large volumes of valuable operational data — including emails, system logs, support tickets, and chat histories — but struggle to use it effectively.

The startup says its platform automatically processes this data, converts it into a structured knowledge base, and continuously updates it to remain relevant. Its current applications are centred on aT service management and customer support.

Edra has already attracted several well-known customers, including HubSpot, ASOS, and Cushman & Wakefield.