Ahead of Outside Lands, we hosted a coworking café at Wave Collective, bringing together over 70 builders and operators to close out the week before the weekend's festivities.
Thanks to everyone who stopped by. See you all at the next one!
.@aniehenke spoke with @BusinessInsider about why the IPO pipeline remains thin for venture-backed tech companies, even as a handful of massive listings grab headlines.
Read the full story: https://t.co/T8s2qUKrcd
Congratulations to @nicckopp and the @RilletHQ team on their $100M Series C!
Rillet is rebuilding the ERP from the ground up for the AI era. For more than a decade, the office of the CFO has implemented software workflow-by-workflow, leading to a constellation of software around the ERP with increasingly shaky integrations.
Rillet is doing something more ambitious: rebuilding the general ledger as the place where financial professionals and AI agents run finance together.
Rillet’s recent momentum reflects the product's magic. New ARR doubled over the last quarter, and the company now serves more than 600 customers, including public companies and large enterprises.
We're proud to back them as they double down on building the finance infrastructure that brings AI into the core of finance operations.
More from Rory, @jonasciplickas, and Aurelia: https://t.co/q1F7d35Jh8
We're excited to announce the promotion of @siddharthvader_ to Partner!
Siddharth invests in AI infrastructure, applications, and physical AI, partnering with founders building across both software and the physical world.
Congratulations, Siddharth.
Today we're announcing our $100M Series C at a $1B valuation, led by @ICONIQCapital. It's our third round in 14 months and brings our total funding to over $200m
The round came together in less than 48 hours.
We weren't planning to raise. Then new ARR doubled last quarter and we crossed 600+ customers including public companies and enterprises with $2B in revenue. Rillet AI agent usage is growing 70% each month and CFOs are replacing Oracle Fusion, SAP and Workday to run their companies on Rillet.
We also announced our alliance with EY and officially partnered with more than half of the top 20 CPA firms.
@RilletHQ is creating an entirely new category of finance infrastructure. With Rillet, the ERP becomes the harness for the modern finance organization, where people and agents share the same financial data, apply the same accounting policies and controls, and work from a single, continuously updated view of the business. Agents perform increasingly complex financial work, while finance teams retain visibility, approval authority and a complete audit trail.
Thank you to our customers for believing in the mission and building the future of finance with us. We could not do this without you.
Thank you to the Rillet team. As I say often, building Rillet is our own version of sending rockets to Mars. It is incredibly difficult. You make it look easy.
Finally, thank you to our investors. To ICONIQ for leading the round and to our existing and new investors for building with us. @sequoia , @a16z, Sequoia Global Equities, @BainCapVC, @oakhcft, @BatteryVentures, @FirstMarkCap, @scalevp, and @creandum.
Back to work :)
Congrats to Scale portfolio company @GeneralistAI on being named one of @BusinessInsider's most promising robotics startups of 2026.
@siddharthvader_ nominated Generalist for building AI software that can control different robots across factories, labs, commercial spaces, and homes.
See the full list from Business Insider: https://t.co/g9d8MIbY0d
Congratulations to the @coderabbitai team on their $143 million Series C!
Scale led CodeRabbit’s Series B less than a year ago. Since then, the company has grown revenue more than 5x year-over-year.
Co-Founder & CEO @harjotsgill talks with Scale investor @avitus about CodeRabbit's work "continuously shipping the future" of coding.
We've raised a $143M Series C at a $1.5B valuation.
In 2023 we spent our time arguing that AI code needed its own reviewer. That argument is over. The work now is moving into the change itself.
This is where we think Agentic Change Management comes in. https://t.co/TAeW1c1W9k
We raised a $143M Series C at a $1.5B valuation to build the control layer for software change.
Our first investor got involved for a totally different reason.
A few weeks ago, we teamed up with @paraformtalent for a night of arcade games, dinner, and drinks at Free Gold Watch alongside some of the most ambitious students spending their summer in the Bay Area.
The room was full of PhD students, researchers, engineers, builders, and future founders from top universities and companies. The kind of people who are genuinely excited about startups, AI, deep tech, and building ambitious things.
If this is up your alley and you'd like to be part of future events, shoot us a note. We'd love to meet you!
I'm leaving Ramp and returning to the company I cofounded
Access control built for humans won't scale to a world of autonomous software
We're going to fix that
https://t.co/VNwIaPa1bq
Outside Lands takes over Golden Gate Park next weekend. On Thursday, A.J. Aldana is hosting a pop-up at Wave Collective for anyone who wants to get ahead of their OOO.
Drop in for reliable Wi-Fi, plenty of workspace, coffee all day, breakfast and lunch, and a DJ spinning tracks inspired by the lineup. Stay an hour or settle in for the whole day.
Register here: https://t.co/Qlyk028T22
Congrats to @mikewinn, @nickponline, and @jonomillin on the @DroneDeploy acquisition by @procoretech.
We invested in DroneDeploy in 2016 after realizing just how important drones were becoming for inspection in construction, industrial, and agricultural markets. DroneDeploy started with flying robots (that's another name for a drone!) and quickly added the ability to manage other physical AI products (a term that didn’t exist when we made the investment), including ground robotics and fixed cameras, to their original drone focus. Today DroneDeploy’s platform is used on over 3 million sites in 180 countries.
Fun ten year journey (heads up physical AI takes longer). Thank you to the entire DroneDeploy team. We’re proud to have been your partners, and excited to see what you build alongside Procore. Thanks also to our industry friends at @uncorkcap (seed), @emergencecap (A), and then later @BessemerVP and @EnergizeCapital amongst others.
Big news today. We signed a definitive agreement to be acquired by @procoretech.
The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.
Read the full announcement: https://t.co/ZHIzVXG72i
Scale Partner @aniehenke joined @YourProtagonist on the Fund/Build/Scale podcast to dig into domain obsession as a moat, and what he looks for in founders who aren’t traditional technologists. You can listen here: https://t.co/KJo3W3sC1L
Last week, A.J. Aldana and @siddharthvader_ joined First Commits to host a dinner and candid conversations with founding engineers, sharing their experiences with fellow startup founders about what's working and what problems they're tackling.
A few snapshots from the night 👇 If you're building in the Bay Area, we'd love to have you at our next event.
Business Insider asked a group of venture capitalists, including Scale’s @MaxwellAbram, to nominate the year's most promising legal startups valued at less than $1 billion.
Congrats to Scale portco @gcai, @manifest_os, and the rest of the companies for making the list!
Melius, Vercel, and Scale VP are hosting the biggest creative leaders event of 2026.
Moss Bowl Making, drinks, heavy apps, everything you’d ever want when discussing the future of brand, design, and marketing with the most creative people in New York City.
DM me if interested.