With Airbnb’s IPO, I thought the time was right to take a look back at the past decade (Greylock led Airbnb’s Series A in November 2010) and reflect on what I learned from the journey. This essay is based on a Greymatter podcast episode.
We’re thrilled to announce our investment in Gretel, an open platform that enables developers to build quickly with data and safely share it with others. Gretel aspires to be the GitHub of data. The team believes that privacy is an engineering problem and is on a mission to solve it.
Here in the U.S. the finance sector, we’ve seen a boom in consumer financial technology companies that modernize the way people save, spend, and invest. Yet in neighboring Canada, the consumer financial sector continues to largely be dominated by a handful of legacy financial institutions. These institutions haven’t changed much in decades -- they have high costs, opaque fee structures, and have been slow to leverage technology to modernize the way they engage customers.
Today, we are excited to share our investment in apiiro, which is coming out of stealth and announcing the launch of their Code Risk Platform. apiiro’s platform enables enterprises to accelerate application and infrastructure delivery by automatically remediating risk with every change.
The best measure of any product is change in human behavior. Remotion is the first tool we've seen whose customers say it has changed how they work together while distributed. Remotion-native teams make faster decisions, have fewer scheduled meetings, and feel more connected, creative and focused. It reduces the cost of communication in a team, and increases the likelihood of that communication.
Congratulations to Awake Security and Arista Networks, on their merger announced today. Arista’s acquisition of Awake combines Awake’s network detection and response (NDR) with Arista’s cognitive cloud networking solutions. This combination brings together some of the most sophisticated talent in cloud networking and security, with an ambitious vision for the future.
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.
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.
Today, Chronosphere is bringing their first product, a hosted cloud service, to market. Chronosphere supports the most demanding enterprises that need deep insights from their metrics at global scale and reliability, while at a fraction of the cost of equivalent technologies.
A huge part of the value of the consumer internet has been driven by network businesses that connect people together. How we transact has changed dramatically over the past decade, and these shifts continue to accelerate.
Autonomous vehicles promise to address one of the most challenging, important and interesting evolutions of our time: the complete transformation of the way people and goods move.
Coda offers a new way of working together allowing individuals and teams to build whatever they need in order to effectively and efficiently run their business. Coda has created a new, unique productivity platform, with live networked data that can support any work flow.
Blend is growing quickly, having doubled their customers and headcount so far this year, and will use this financing round in part to open new offices in both San Francisco and New York. We look forward to partnering with Nima and the entire Blend team to deliver modern lending experiences and build the next-generation financial cloud.
Digital currencies have network effects at scale when they are used as a medium of exchange, but need widespread adoption to be useful. That’s why Coinbase has built the easiest to use and most trusted brokerage to allow users to buy and hold digital currencies, bringing digital currency investment to the mainstream.
If you are a professional driver, Nauto gives you great driving assistance by alerting you to some dangers that you might not otherwise see on the road. If you are a commercial fleet, Nauto gives you both great safety tools for your drivers, and networked fleet management. If you are an insurer, then Nauto gives you unique information to improve your risk assessment and tools to improve your risk position.
Security is a large, growing concern in our digital, connected world. As data and applications move into hybrid cloud environments, the surface area that enterprises need to protect continues to increase in both complexity and size. Employees, contractors and partners require dynamic access that keeps up with the pace of their business, and enterprises need security offerings that are more automated and require less work from defenders to fit this new reality.
With Cato, a company can connect each branch office, data center, and HQ, along with its mobile users directly to the Cato Cloud. This provides the connectivity between corporate data centers and branch offices as well as security and other network services. In short, Cato Networks is unifying the network and security stack, and offering a turnkey cloud-based solution. Since launch, Cato has already begun to capture the imagination of customers and security analysts alike as a potential “game changer” in how companies think about managing security.
What does it mean to build a system around people? While virtually all existing systems route tickets, Gladly routes customers and keep every interaction, regardless of channel, in one open conversation. If a customer emails one day and calls the next, the agent handling the phone call sees the customer’s email from the day before — along with every other contact they’ve made with the company.
Today Innovium is announcing that the company has raised over $50 million in funding, across two over-subscribed rounds. Greylock Partners led Innovium’s Series B financing in October 2015, and we joined their board of directors.
Convoy is solving a true pain point by offering a platform that makes business more efficient and everyone’s lives much easier. Growth in Washington has come along at a strong clip. Given the high customer demand and positive market response, Convoy has opened up another region, Oregon, to expand their network for other truckers and shippers.
I’m very happy to announce that we’ve invested in Discord and I am joining the board. Greylock led this first round of funding since the team shifted their focus to this product. I’m very excited to work with Jason and his team. Together, they have deep experience building social platforms for games — having founded and built OpenFeint, one of the early and largest social platforms for mobile games before GREE acquired it in 2011.
We’re excited about today’s announcement that we’re co-leading the Series A financing round for Lyra Health. We love backing great people early, and helping them tackle big, important problems. When we get a chance to do this, it’s the best part of our job.
Rubrik today is announcing their partnership with Greylock, and the general availability of their initial appliance offering. The initial release provides backup and recovery for VMware virtualized server infrastructures, and is seeing strong early demand from channel partners and customers.