Ghazwa Khalatbari

investing in the future @creandum 💚prev @columbia @lux_capital

[Ghazwa Khalatbari @_ghazwa_]

Persisting vs pivoting may be a false debate. It can be both, and the answer lies in where the founder’s self diagnosis lives. @mansourtarek_ fought against the current with his idea for years, and it worked. @amasad and team went through 6+ iterations of @Replit while anchored in the same core tenet of helping the wider public how to code. Twitter started as a podcast platform, and @SlackHQ left standing after a failed video game.

From the outside, seems like neither camp is about the idea, but knowing your anchor first. What is your conviction anchored to? If it’s the problem you’re solving, you stick. If it’s yourself, you iterate

[Ghazwa Khalatbari @_ghazwa_]

Another great milestone in the @creandum family. Always exciting to see what @nicckopp and the @RilletHQ team are building + grateful to be along for the ride

[Nicolas Kopp @nicckopp]

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 :)

[Fredrik Cassel @_fredrik]

Deep dive on next gen RL from the amazing team at @trajectorylabs here

[Nicolas Kopp @nicckopp]

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 :)

[Ghazwa Khalatbari @_ghazwa_]

@carloagostinel2 Love you ❤️

[Ghazwa Khalatbari @_ghazwa_]

@bznotes @GVteam @SusaVentures @McCreadieWill @redglassvc The best!!!!

[Ghazwa Khalatbari @_ghazwa_]

@Alfred_Lin @HassanRIsmail @bhalligan Or just another way to describe an infinite game. The Dead were infinite players too (the tour was the product!)

[Ferdinand Dabitz @FerdiDabitz]

Thanks @johncoogan and @jordihays for having me on @tbpn to talk about Augustus’ $180M Series B and our mission to build the Global Dollar Bank.

[Ghazwa Khalatbari @_ghazwa_]

@bznotes @NaderLikeLadder @AppliedInt The best!!!!

[Rudolf Laine @LRudL_]

san francisco in a nutshell

[Karim Atiyeh @karimatiyeh]

Congrats 59 @FerdiDabitz and the Augustus team 👌

[Augustus @augustus_bank]

Augustus raised a $180M Series B at a $1B valuation to accelerate our mission to dollarize the world — giving financial institutions around the world direct, programmable access to dollar accounts and rails.

This round was led by Tiger Global, with participation from @QEDInvestors, @HummingbirdVC, existing investors, the founders of Ramp, Deel, Nubank, Circle and many more.

Two months ago, we secured conditional OCC approval for a national bank charter. Now, we have the funding to match the vision: building the Global Dollar Bank.

Link to the full story with Bloomberg in the comments.

Long Live Augustus!

[Josh Wolfe @wolfejosh]

Bonjour @RaiseSummit 🇫🇷

Lux fam with partner @graceisford, colleague @_ghazwa_ and founder/CEO of Lux family co @togethercompute the brilliant @vipulved 🤯

[Ghazwa Khalatbari @_ghazwa_]

@rronak_ @waterloo_intern 🏹🇪🇬

[Agustin Lebron @AgustinLebron3]

When I told people I was moving to Prague to join an AI trading startup, most thought it was... crazy. Especially my kids.

EquiLibre wasn't even in prod yet and all the simulated numbers were more hope than reality. But the dream of doing RL in trading was too strong to pass up.

[Seb Johnson @SebJohnsonUK]

A bunch of ex DeepMind researchers have deployed reinforcement learning agents on to the financial markets.

These agents are trading BILLIONS every day and they have NEVER had a negative month.

This is absolutely crazy.

The team have just raised an undisclosed Series A at a $500m valuation led by @creandum.

The team built DeepStack – the first AI system to defeat professional players at no-limit poker.

They are now taking that experience and applying it to financial markets.

CRAZY

How do I get access 😂

[Ghazwa Khalatbari @_ghazwa_]

@bznotes @creandum @_fredrik @specht_p @fritjofsson @HanelBaveja @richardkeuntje @shelgesson @johanbrenner @Kathi_Wilhelm @simonschmincke None of this without your support 🩶

[Ghazwa Khalatbari @_ghazwa_]

1/ in January, I joined the investment team @creandum to help build out our presence in South Park and get behind the relentless entrepreneurs building the future

Last month, we hosted our SF Founder Summit here, flying in ~100 entrepreneurs from the @creandum
portfolio, immersing them into what it means to be at the nexus of this AI revolution and what it takes to conquer the US. we’re really proud and excited to share some highlights to the world

cc: @_fredrik @specht_p @johanbrenner @shelgesson @fritjofsson @simonschmincke @HanelBaveja @Kathi_Wilhelm @richardkeuntje @filiphmark & team

[TechCrunch @TechCrunch]

The DeepMind trio who built a poker AI, are now making money for quant hedge funds https://t.co/9rIqXLcNO8

[Ghazwa Khalatbari @_ghazwa_]

14/ The best thing about us @creandum isn't the portfolio or the brand - but that we actually LOVE each other. Founders feel it the second they walk in the room. Grateful, thrilled, and humbled by our team (and big kudos to events!!!!!!) and blessed to represent our presence in the US💚

[Ghazwa Khalatbari @_ghazwa_]

13/ to close it out, we got some vinyls involved and hosted all the @creandum family + our favorite ecosystem people at Charmaine's for drinks