Dust Raises $40M Led by Sequoia and Abstract to Build Workspace AI Infrastructure for Enterprise
What happens when the most powerful technology in a generation is being adopted one private chat window at a time?
Dust, the Paris-based multiplayer agentic AI platform, announced a $40 million Series B co-led by Abstract Ventures and Sequoia Capital, with strategic participation from Snowflake and Datadog. The round brings total capital raised to over $60 million, following the company's $16 million Series A in June 2024, also led by Sequoia. The new financing is the second time Sequoia partner Konstantine Buhler has led a Dust round in less than two years.
On its face this is a healthy enterprise SaaS raise in a year that has rewarded restraint over enthusiasm. The 2025-26 venture environment has been hardest on the middle of the funnel. Series B rounds in horizontal AI have been smaller, slower to close, and assembled out of larger syndicates, with prior-round leads more...
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