The Commonwealth Bank’s venture-scaling arm, x15ventures, has chosen a US-based data change management platform, Gable, as winner of its annual Xccelerate program.
The startup has secured a SAFE Note investment and is actively exploring multiple partnership opportunities with CommBank.
The three other finalists -vUS-based Cleric, local AI fintech Dragonfly Thinking and Eidiex – are also exploring partnerships with CBA.
Gable was one of nearly 100 startups to apply for the latest Xccelerate program, which focused on solutions ‘reimagining the customer and employee experience with data and AI’.
It was the first time the program was open to international as well as homegrown founders.
Gable was founded in Seattle in 2023 by Daniel Dicker, James Frost, Adrian Kreuziger and Chad Sanderson, and helps developers ensure quality and governance of important data as it flows through an organisation.
Sanderson, the CEO, said the trio previously worked at a late-stage startup where we were constantly wrestling with problems caused by the quality, governance and change management of source data.
“That’s why we founded Gable, to help businesses understand where their data is, who owns it and where it’s going,” he said.
Gable’s platform uses AI to identify where data is produced from within an organisation and monitor how it flows across services and databases. This helps flag sensitive data like personally identifiable information (PII) and trigger alerts within an environment when compliance or quality standards are at risk.
The startup is now working on a project with x15 to detect code changes across its isolated technology environment. x15 runs on a separate tech stack to CBA.
“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,” Sanderson said.
“Even to be exploring potential partnerships with CommBank feels like a vote of confidence in our mission. We think we’re building something special here, and I look forward to spending more time in Australia over the coming months.”
x15 chief technology officer Kelvin Lim said that 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.
“We were impressed with how Gable’s approach could help shift important work – for example, tracking changes to critical data, identifying PII or sensitive data, and setting compliance policies – into the hands of our engineers,” he said.
“This gives them the confidence that any code changes made won’t inadvertently break things, helping to prevent complex data problems downstream and freeing up testing, governance and compliance teams to focus on what they do best.”
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