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Commonwealth Bank (CommBank), through its venture-scaling arm x15Ventures, has invested in data change management startup Gable.
Seattle, US-based Gable was selected as the winner of the latest Xccelerate programme, a programme that attracted nearly 100 startups around the world working on “reimagining” client and staff experiences using data and AI.
The start-up received a SAFE Note investment and eyes partnership prospects with the Australian bank.
Gable will now work alongsidex15Ventures to identify code changes within its isolated technology environment.
It also weighs broader opportunities across CommBank.
Established in 2023 by Daniel Dicker, James Frost, Adrian Kreuziger, and Chad Sanderson, Gable’s platform helps developers manage data quality and governance as it moves through an organisation.
Using AI, the platform identifies data sources, tracks data flow across services and databases, and flags potential risks related to compliance and sensitive information, such as personally identifiable data.
x15 chief technology officer Kelvin Lim said: “In a world in which organisations rely on more apps and services than ever before, having clarity around the quality and lineage of your data is critical.
“This is particularly true for those operating in regulated industries, where reporting obligations continue to evolve and businesses are looking to take full advantage of AI.”
Gable CEO Chad Sanderson said: “We believe organisations stand to gain a lot from creating a shared data culture of collaboration, accountability, quality and governance. It was clear from early in the program that x15 not only shares that view but had already taken steps to shift more risk management into the hands of its engineers.
This year’s programme was said to the “first” to welcome international applicants alongside local startups.
Additionally, three other Xccelerate finalists—Cleric, Dragonfly Thinking, and Eidiex—are considering potential alliances with CommBank.
This follows CommBank’s expansion of its tie-up with Telstra to deploy ‘Fraud Indicator’ technology.
"Commonwealth Bank’s x15Ventures invests in Seattle startup Gable" was originally created and published by Retail Banker International, a GlobalData owned brand.
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