Dust Series B funding round raises $40m

US – AI platform Dust has raised $40m in a Series B funding round with Abstract and Sequoia, with participation from Snowflake Ventures and Datadog.

Dollars

The latest funding round brings the total amount raised by Dust to $60m, with the funding to help develop AI agents that learn and improve automatically as they are used, as well as other upgrades to its collaboration tools and infrastructure.

Dust a ‘multiplayer’ AI system that allows human and AI agent collaboration. The company aims to give business teams a platform to build, use and manage AI agents that can collaborate with human workers across the organisation.

The AI agents can analyse, change and generate files and take action across connected systems, integrated with tools already in use within the business.

Dust was founded in 2023 by Gabriel Hubert and Stanislas Polu. Polu used to work at OpenAI, and both Hubert and Polu previously set up data analytics company Totems, which was acquired by Stripe in 2014.

Gabriel Hubert, co-founder and chief executive at Dust, said: “What will transform the way we work isn’t the next best model or assistant.

“It’s going to be a completely new type of system that gives humans and agents shared, governed access to the same information and capabilities so that they become true collaborators, working with the same context, notifications, artifacts and goals to compound organisational impact. This is what we call multiplayer AI.” 

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