Excited to share that @kgabura has been promoted to Partner.
From day one at Craft, he has shown dedication, drive, and intensity – the same qualities we look for in founders.
Over the last few years, Kevin has been instrumental in several of Craft's major investments, helped build our cybersecurity practice, and earned deep trust from founders across our portfolio.
Congratulations, Kevin!
Since our first interaction with the Supabase team, we've been believers. Our conviction continues to grow... almost as fast as their user growth 😉
Congrats to @kiwicopple, @AntWilson, and the whole team.
@Mike_Robinson10 and @zzaochen on why we invested (again): https://t.co/TVtthYnskv
Supabase has raised $500M at a $10B valuation
In this round we are giving @supabase employees the opportunity to cash out 25% of their vested options. We have done this in every round since inception.
We do it as a “cashless transaction” so that employees don’t need to front any cash to exercise their options. This is the friendliest way we could design it until we can offer RSUs.
On top of that, we give employees a 10 year exercise window: whether they stay or leave the company. The typical/default window is 3 months. IMO, equity is earned and employees shouldn't be penalized because they don't have the cash to exercise within 3 months of leaving a job (often that's the time they need the cash/certainty the most).
Supabase has raised $500M at a $10B valuation
In this round we are giving @supabase employees the opportunity to cash out 25% of their vested options. We have done this in every round since inception.
We do it as a “cashless transaction” so that employees don’t need to front any cash to exercise their options. This is the friendliest way we could design it until we can offer RSUs.
On top of that, we give employees a 10 year exercise window: whether they stay or leave the company. The typical/default window is 3 months. IMO, equity is earned and employees shouldn't be penalized because they don't have the cash to exercise within 3 months of leaving a job (often that's the time they need the cash/certainty the most).
Extremely excited for Craft to be able to participate in
@ElevenLabs' most recent round of funding.
They are an incredible example of what the next generation of AI native companies looks like: bottom up, creating a wave of developer & end user love, leading directly to b2b & enterprise adoption.
Most of what earned @ComfyUI a $500M valuation today was built by people we don't employ.
We just closed $30M, led by @craft_ventures with @PaceCap, @chemistry, and Tru Arrow.
Total: $47M.
Where it goes:
→ Comfy Cloud
→ Collaborative workflows
→ Comfy Local
→ Ecosystem stability
→ Day-one model support
We're not building a walled garden. We're building open infrastructure, the kind that lasts and empowers rather than locks in.
This started as a community project. 4M users and $47M later, it still is.
If you haven't built something in ComfyUI yet, come find us: https://t.co/r4fCPwzhwn
We just raised $30M at a $500M valuation, after never spending a dollar on marketing.
4 million people decided @ComfyUI was the platform they wanted to build on, and they shaped it into something we never could have shipped alone.
This funding will accelerate our mission to build an open infrastructure, the kind that lasts, the kind that empowers rather than locks in.
The core stays open, local stays first, and every part of this round goes toward building for the people who create things for a living.
The next chapter of creative AI is going to be built by them, not handed to them.
Round led by @craft_ventures, with @PaceCap, @chemistry and Tru Arrow joining. Total funding now $47M.
Today, we're opening @Instawork Robotics Lab (IRL), connecting the robotics industry with > 10 million skilled workers. IRL is offering the first certified workforce program for the physical AI economy ... with 20,000 @Instawork Pros already certified! 👷
Read more from @alistairmbarr@BusinessInsider
https://t.co/57Jwyabf2P
One of the biggest bottlenecks in robotics is real-world training data. Solving that is a massive growth opportunity. Doing it in a way that also creates jobs and helps workers participate in the AI economy is even better.
Congrats @sumirmeghani and the @instawork team on IRL!
Proud of this one.
We just raised $15M to build American-made chips for drones and robotics.
For too long, the systems powering critical infrastructure have depended on fragile, foreign supply chains. We're rebuilding that foundation here in the U.S.
A lot more to come!
Drones have been an interest of mine since I was 13, when I started building and flying RC model airplanes — something I still do today.
As drones have become critical across consumer, commercial, and defense markets, it’s become increasingly clear how much the supply chain has been dominated by DJI and other Chinese companies.
That’s why I’m excited to be working with Mike and the @HYFIXAI team to help build a stronger U.S. drone stack.
Proof on orbit + means of deployment = the world's first commercial satellite navigation constellation
Our $170M in Series C funding marks the start of scaled manufacturing for our in-house satellite at our new Burlingame facility to launch our entire constellation over the coming years.
We gathered friends, founders, fellow VCs, the Craft team, and a few @theallinpod Besties together to kick off SXSW and celebrate our new office in Austin. Thanks for the warm welcome, Austin!
Congrats to Arthur, Jonathan & the @AgentioAI team on their $40M Series B. Excited to be doubling down again.
Love seeing hard-working teams who stay focused on customers and results rather than the noise win. Exciting things ahead 🚀
Exclusive: Span, a startup building a new-look 'developer intelligence' platform for the AI code era, has raised $25M.
Led by Lattice's former head of product J Zac Stein, Span already helps companies like Braze, Intercom, Ramp, Vanta and Writer keep track of their engineering.