Greylock has a distinguished history of partnering with founders from idea to IPO. Today, we announce two important next steps in that mission: Greylock 17, our newest early-stage fund, and Greylock Edge, a bespoke program to help founders initiate new companies from idea to early revenue and product market fit.
Greylock 17 is a $1 billion fund intentionally focused on Pre-Seed, Seed, and Series A founders in enterprise and consumer software. With Greylock 17, we’ll continue to partner with entrepreneurs building AI-first companies across Cybersecurity, Infrastructure, SaaS, Consumer, Marketplaces and Commerce, and Fintech and Crypto.
Greylock Edge is our new bespoke company building program designed to advance select pre-idea, pre-seed and Seed founders, by harnessing the full potential of Greylock’s resources and expertise. Greylock partners work directly with Edge founders to brainstorm and iterate the foundational decisions from inception to product market fit, with fully flexible financing options. The program includes access to early customers and design partners, and focused initial team recruiting. For more information on Edge, visit here.
We have a strong track record of digging in with founders starting at the very beginning to help them build and grow enduring businesses. We are privileged to have partnered with many iconic entrepreneurs from early stages including the founders of Airbnb, AppDynamics, LinkedIn, Meta, Palo Alto Networks, Okta, Pure Storage, Sumo Logic and Workday. More recently, Abnormal Security, Cato Networks, Discord, Figma, Lyra Health, and Rubrik. In our last fund, over 80% of the investments we made were Pre-Seed, Seed, or Series A.
Today, we’re on the precipice of a major new wave in technology. We expect that every company will become an AI company. While it’s been exciting to watch as the venture community has embraced AI as a thesis area over the last year, Greylock has been committed to AI investing for a decade and this commitment continues into Fund 17. We are privileged to be the first partner to many visionary founders in AI, including the leaders of Abnormal Security, Adept, Aurora Innovation, Cresta, LlamaIndex, Inflection, Nuro, Snorkel, and Tome.
As a close-knit team all investing out of a single fund, we pride ourselves on partnering selectively, caring deeply, and striving for excellence. Greylock’s differentiation comes from helping early stage founders develop their vision and further hone their strategy, working alongside them with every challenge and success. From landing the first hires, to securing initial customers, to workshopping the best story, we know how to help entrepreneurs realize key milestones. And as the business grows, we are a tireless resource for strategy, recruiting, product expansion, value-added board directors, and facilitating future financing rounds. Read more about our perspective on partnership here.
We look forward to helping the next generation of founders go from idea to iconic.