Greymatter.

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.

Today, we’re thrilled to announce our investment in Snorkel AI, which is coming out of stealth and announcing Snorkel Flow, their end-to-end, data-first AI platform. Snorkel Flow solves the training data problem with a fundamentally new programmatic approach developed over years at the Stanford AI lab.

Figma was founded in 2012 with a mission to connect designers virtually, enabling collaboration and communication no matter where they were in the world. Fast forward to 2020, and that original operational intent has paved the way for the company to expand significantly in the face of Covid-19’s impact on the working world.

The term “early-stage” covers a lot of territory in venture investing, from incubating a brand-new idea, to investing in a Series A. Moreover, the indicators that show founders are ready to take on new capital in order to progress to the next phase of company-building – be it hiring, expanding into a new market, launching a product or more – can vary from company to company. As the Greylock team has learned after decades of partnering with early-stage founders, the best approach is establishing a core set of fundamental questions that can be tailored to each individual company, rather than looking at a rigid set of metrics.

The coronavirus pandemic has rendered us reliant on technology for nearly everything we need to do these days. While that’s made a lot of us more appreciative of technology, it’s also bringing our attention to places where it could be better – or places where it doesn’t even exist yet. From audio visual technology and collaborative software platforms that could make remote working, (and learning, and socializing, and everything else) closer to the real thing, to tools that enable organizations to become more efficient and resilient (particularly in stressful times like today), now is clearly a time for innovation. But how should entrepreneurs think about product development at critical moments like now?

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.

Stuart Bowers has joined Greylock Partners as an Executive in Residence, and I’m thrilled to have him on board.