Portfolio Updates
Tripling Down on Anthropic
Why we’re co-leading Anthropic’s Series H

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

AI
As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.
A year after co-leading its Series B, we're deepening our partnership with the team working to turn the general ledger into a harness where modern finance teams and agents work as one.
Doubling Down on Rillet: Building a Harness for Agentic Finance
A year after co-leading its Series B, we're deepening our partnership with the team working to turn the general ledger into a harness where modern finance teams and agents work as one.
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Supporting Grotto’s mission to empower leasing teams with real-time, AI-driven guidance
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Supporting Grotto’s mission to empower leasing teams with real-time, AI-driven guidance
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To inspire is to serve. It is the privilege of expanding what people believe is possible, and the responsibility of building the conditions to make it real.
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To inspire is to serve. It is the privilege of expanding what people believe is possible, and the responsibility of building the conditions to make it real.

AI agents are not eating software. They are evolving it—two distinct layers will emerge in mutualistic symbiosis.

AI agents are not eating software. They are evolving it—two distinct layers will emerge in mutualistic symbiosis.
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We are honored to co-lead Anthropic’s Series G and double-down to help advance responsible AI for business
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We are honored to co-lead Anthropic’s Series G and double-down to help advance responsible AI for business
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Supporting the AI audio platform powering agents, creators, and enterprises worldwide
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Supporting the AI audio platform powering agents, creators, and enterprises worldwide
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Supporting Outtake’s mission to defend digital trust in an AI-driven world
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Supporting Outtake’s mission to defend digital trust in an AI-driven world
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Supporting Rain’s mission to power modern, tokenized payments infrastructure at global scale
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Supporting Rain’s mission to power modern, tokenized payments infrastructure at global scale
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Why we’re doubling down on Swap as they build the AI-powered operating system for global commerce
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Why we’re doubling down on Swap as they build the AI-powered operating system for global commerce
A year after co-leading its Series B, we're deepening our partnership with the team working to turn the general ledger into a harness where modern finance teams and agents work as one.
A year after co-leading its Series B, we're deepening our partnership with the team working to turn the general ledger into a harness where modern finance teams and agents work as one.

The companies most likely to win in today's AI economy will manage one number: cost per outcome.

The companies most likely to win in today's AI economy will manage one number: cost per outcome.
How companies use forward deployed engineers (FDEs), how they price and structure them, and whether the model is here to stay.
How companies use forward deployed engineers (FDEs), how they price and structure them, and whether the model is here to stay.

As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.

As AI lowers the cost of building, judgment is becoming a scarce resource. How AI-native teams are rethinking who they hire, when, and why.
Backing the team building high-power satellite platforms for a new era of space infrastructure
Backing the team building high-power satellite platforms for a new era of space infrastructure
Supporting Stephen Haney and the Paper team as they work to reinvent design for the agentic era
Supporting Stephen Haney and the Paper team as they work to reinvent design for the agentic era

Building the software, systems, and industrial capacity to help Europe define its own security future.

Building the software, systems, and industrial capacity to help Europe define its own security future.

How 300+ Executives Are Scaling AI Products

How 300+ Executives Are Scaling AI Products
Backing Conduct's work to build the semantic layer for enterprises, helping make core customized systems finally understandable and changeable
Backing Conduct's work to build the semantic layer for enterprises, helping make core customized systems finally understandable and changeable
Helping finance teams move faster, think bigger, and let software do the rest.
Helping finance teams move faster, think bigger, and let software do the rest.
Why we’re co-leading Anthropic’s Series H
Why we’re co-leading Anthropic’s Series H
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Three things we believe will separate leading insurance companies: continuous feedback loops, earned trust, and a reinvented distribution layer.
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Three things we believe will separate leading insurance companies: continuous feedback loops, earned trust, and a reinvented distribution layer.

What 150+ B2B software leaders reveal about how AI, pricing shifts, and efficiency pressure are redrawing the modern revenue organization

What 150+ B2B software leaders reveal about how AI, pricing shifts, and efficiency pressure are redrawing the modern revenue organization
Supporting Anduril as the company helps modernize defense for the US and its allies.
Supporting Anduril as the company helps modernize defense for the US and its allies.

Many boards know their teams are using AI. Few can say where it's actually working. This is a framework for closing that gap.

Many boards know their teams are using AI. Few can say where it's actually working. This is a framework for closing that gap.
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