Portfolio News.

Over the past decade, Sumo has established itself as the leader in continuous intelligence. With a cloud-native platform, Sumo has redefined the scale, elasticity and reliability of security, business and operational intelligence. We are excited for the next phase of their journey.

Companies and governments want high quality AI models that are trusted, fair, safe and compliant, and work in the real world. But that is really hard to do if these large organizations don't understand their own AI models. Truera provides the first Model Intelligence platform that enables data scientists and non-data scientists alike to understand exactly why a model makes a prediction.

A company is as good as the people who work there. That’s why companies spend hundreds of billions of dollars every year looking for top talent. Yet many companies are not able to comprehensively track recruiting activities and ROI on time or dollars spent. That’s why Greylock is excited to announce that we led the Series B investment in Gem, an amazing three year-old-company revolutionizing how talent teams source, engage and optimize their recruiting activities across multiple channels.

At the SaaStr Annual event (held virtually this year) Greylock general partners David Wadhwani and Sarah Guo discussed the key elements to successfully navigating operational phase shifts, which David has experienced numerous times over the course of his two-decade career as a software executive at companies such as AppDynamics and Adobe. David detailed 5 things every company and founder should do to navigate phase shifts successfully, illustrated by examples of how they played out during his own experience.

Pivots are an integral part of the entrepreneurial process. Whether you're pivoting in the early days because you haven't yet found product-market fit, or you're pivoting by reinventing yourself later on, all companies – if they're going to become and stay successful – are going to have to pivot.

The nature of work today is increasingly dynamic, distributed, flexible, and digital-first. Relying on the extended workforce is more than a short-term, stop-gap solution: businesses are finding this population to be an efficient, viable source of talent instrumental to their core operations. That's why Utmost developed the first ever extended workforce system (EWS) to help enterprises source, engage, pay, and optimize their entire non-employee workforce, including freelancers, consultants and more. The company, which was founded in 2018 by former Workday and Groupon executives, has been a distributed organization from the start and has a unique vantage into the fast-changing nature of work.

At Greylock, our mission is to help realize rare potential. To do this well, we believe it’s essential to be trusted partners to entrepreneurs at every stage — from idea to IPO. We are committed to supporting entrepreneurs along their entire journey.

We are thrilled to announce David Thacker as Greylock’s newest general partner. David is coming back to Greylock after an impressive career in senior product leadership at some of the most iconic technology companies in the world including LinkedIn and Google.

We are thrilled to announce that David Wadhwani, most recently CEO of AppDynamics, has joined Greylock as a Venture Partner.