Agentic AI company Dust today announced a $40 million Series B led by Abstract and Sequoia, with participation from Snowflake and Datadog. With this round, Dust has raised over $60 million in total funding.
Most companies have adopted AI, but they haven’t become meaningfully more intelligent as organisations. One person prompts an assistant, gets an answer, and the context disappears into a private chat window. The result is real productivity at the individual level, with very little compounding across teams.
Dust is on a mission to transform how work gets done. It is the Operating System for AI Agents. It enables businesses to deploy, orchestrate, and govern fleets of specialised AI agents that work alongside the team, safely connecting the company's knowledge and tools.
"This is a century-defining transformation, and we're only in year three,” said Gabriel Hubert, Co-Founder and CEO of Dust.
“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, and this is what we’re building at Dust."
Dust is the multiplayer AI system for human-agent collaboration. It’s a platform where business teams build, deploy, and manage AI agents that work together across an organisation, connected to company knowledge, integrated with the tools teams already use, and governed with enterprise-grade controls.
The product is built around a shared collaboration surface where teams and agents work in the same workspace with shared projects, context, conversations, to-dos, notifications, and a cloud-based compute environment for processing files and generating documents.
An intelligence layer connects more than 100 data sources and integrates with tools teams already rely on, enabling agents to work with company context and take action. Built-in memory and reinforcement loops help teams achieve more impact with AI over time by understanding their preferences and proactively recommending agent improvements. Enterprise governance provides granular permissions, cost and usage monitoring, a full audit trail, and agent analytics.
Dust is SOC 2 Type II certified, GDPR compliant with EU and US data residency, and does not train models on customer data, as contractually guaranteed by major providers.
Dust is used by more than 3,000 organisations, many of them household names.
Over 300,000 agents have been deployed across the platform, with 70 per cent weekly active usage across customers and zero churn in 2025.
The company was founded by Gabriel Hubert and Stanislas Polu, who have been building together since meeting at Stanford in 2007. They previously co-founded TOTEMS, a data analytics company acquired by Stripe in 2014, and spent five years at Stripe scaling products and teams.
Polu later joined OpenAI as a research engineer on Greg Brockman’s team, co-authoring papers on AI reasoning with Ilya Sutskever. Hubert became Chief Product Officer at Alan.
In September 2022, Polu left OpenAI with a conviction that became Dust’s founding thesis: the models were already powerful enough to be economically transformative, but were under-deployed because the product layer was missing.
“We're in the early innings of a massive shift in how organisations use AI,” said Konstantine Buhler, Partner at Sequoia.
“Most enterprise AI today is single-player: one person, one prompt, no compounding. Dust is building the multiplayer system, where agents and humans share context and work together across the entire company.
Zero churn and 70 per cent weekly active usage tell you this isn't experimental anymore. This is how enterprises will actually operate.”
"Most AI platforms are stuck in single-player mode: one person, one chatbot, one task,” said Ramtin Naimi, General Partner at Abstract.
“Dust is multiplayer. AI Operators inside companies like Datadog and 1Password don't just use Dust; they build agents that collaborate across teams, learn from every interaction, and rewire how the entire company works. That's a new operating model and category. That's why we participated in this round."
Dust plans to use this round to push three frontiers at once: agents that learn and improve automatically as they’re used, collaboration primitives that make humans and agents equal co-contributors with bidirectional access to shared projects, tools, and context, and infrastructure that makes governance and orchestration predictable at enterprise scale.
Lead image: Dust founders Stanislas Polu and Gabriel Hubert.
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