On Day 1 of Fellows Forum 2026, I’ll be joining a panel with a few of our VC friends to discuss where value is accruing in AI:
• @rodriscoll, Partner at @scalevp
• @Nina_Gerson, Partner at @IndexVentures
• @graceisford, Partner at @Lux_Capital
• @CrystalHuang, Partner at @GVteam
Moderated by Matt Vail, Head of VC Partnerships at @OpenAI.
Register to attend here: https://t.co/b2sNcLtDSu
Congratulations to @chrisellisdc, Adam Stevenson, and the @thatch_ai team on raising a $108M Series C.
Thatch is a platform that lets employers set a healthcare budget per employee, then helps employees choose the insurance and eligible healthcare expense that work best for them through CHOICE Arrangements.
Read more from Scale: https://t.co/NM4PgSbRgK
@gcai Co-Founder and CEO @CeciliaZin and our partner @MaxwellAbram are speaking at Inside Summit in San Francisco this Friday, September 18.
You can join fellow founders, operators, and investors here: https://t.co/dfR4IxgvDm
Lucky enough to have @DroneDeploy and @fin_ai close this week. Happy for both teams but genuinely sad to no longer work with @mikewinn and @eoghan. Two examples of savvy big company SaaS acquirers (@procoretech and @salesforce) leaning into AI with acquisitions that can meaningfully move the needle. Congrats to all.
It's official: DroneDeploy is now part of @procoretech.
Today we closed our acquisition by Procore, joining a team building the operating system for construction.
Read more from Procore CEO Ajei Gopal: https://t.co/YkfXNDPYbH
Today Fin officially joins @Salesforce.
It’s a huge moment for us. Fin was the very first AI Agent for CX and started an entirely new category. Today Fin is the highest performing Customer Agent on the market, running on our custom AI models trained specifically for CX, and resolving over 2 million customer issues every week.
Thank you to our customers, teammates, partners, and supporters who’ve been a huge part of our journey so far. Now with Salesforce, Fin will make perfect customer experiences possible for millions more people.
You can read the full press release here. https://t.co/Ff9FXiFhik
Congratulations to @smakani and the entire @Motive_inc team on securing $1.3B+ in growth financing.
Motive is the AI platform for physical operations, helping customers prevent collisions and keep vehicles and equipment running.
Read more: https://t.co/3biXt8HvG2
Congratulations to @ahejnoszcipher, Michael Wang, and the Inspiren team on raising a $70M Series C.
Inspiren is redefining senior living by helping care teams detect risk earlier and respond faster.
Read more from Forbes: https://t.co/iR2HZh6ey3
Scale Partner @aniehenke and other VCs spoke to @BusinessInsider to explain why they're taking a closer look at some startups' ARR claims.
You can read the full story here: https://t.co/LMlIWTmkbc
At @stepconference SF last week, Scale Partner @jkauf_mann spoke on how founders pick a first GTM motion. @webflow CRO @AdrianKranz and @chargebee CMO @Guy_Marion joined him on what has to change once paying customers arrive.
Thanks to Brian Sparkes and the Step SF team for having us. A few snapshots below!
Last week, I sat down with @nicckopp, CEO of @RilletHQ, and Ali Hussain, CEO of @get_tabs, to discuss the next generation of AI-enabled financial software.
What wins deals: While AI has hit the CFO stack, replacing an ERP is too consequential for an AI story alone. Application merit still wins. The depth of the accounting workflows, controls, integrations, and overall product must stand up against systems that have been entrenched for decades.
What's next: Auditability may be the key to unlocking agentic finance. The ability to not just execute work but also show exactly how it was done is what allows teams to trust AI with progressively more responsibility. This means that instead of automating one workflow completely end-to-end, the opportunity lies in breaking complex work into two- or three-step workflows where every action, assumption, and output is visible and verifiable.
Thanks to all who joined us, and to Nick and Ali! It's always a pleasure to discuss the future of the market with the founders building it.
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.