We’ve just raised $175M, in a round co-led by @paradigm, @a16zcrypto, and @RibbitCapital, the largest raise DeFi has ever seen.
Credit is the bedrock of our civilization, but the infrastructure underneath is fragmented, extractive, and closed to most of the world. That is what @Morpho is here to change.
Morpho is building the open credit network for the world. The global credit market is $ 200T. We are building the infrastructure layer that will move it onchain, and every institution, fintech, and bank that wants to participate in the next era of finance will connect to this network.
After four years of being heads down building Morpho, we now count more than $11B in deposits and integrations with leading financial institutions including @Coinbase, @Binance, @FireblocksHQ, @SG_Forge, @krakenfx, @Bitwise, and dozens of others building on Morpho to offer better products to their users. But this is just the beginning.
This raise will allow us to accelerate: activating the global credit network at scale, building the go-to-market engine to match our ambition, and bringing more institutions onto the network faster.
Having any kind of onchain strategy in this era will mean going through Morpho at some point. Reach out and let's talk. And if you want to help build the open credit network for the world, we have plenty of open roles.
Let’s fly 🦋
Deeply thankful to everyone who helped make this milestone possible, and to @InfiniteXYZ and @RibbitCapital for their partnership.
Excited for what comes next.
We've spent the past year getting to know @ScottWu46, and the combination of clarity, ambition, and velocity he brings is something you don't see very often. Many know him as one of the top IOI competitors in history🐸…we think that fifteen years from now, far more will know him for what he's building at @cognition.
Devin's adoption inside the world's largest financial institutions has been remarkable to watch, and we're thrilled to be partnering with @ScottWu46 and the @cognition team as they bring Devin to teams around the world!
1/ We’ve raised over $1B at a $26B valuation, led by @Lux_Capital, @generalcatalyst, and @8vc.
Our enterprise usage has grown >10x since the start of this year, and our run-rate revenue grew to $492 M.
We launched Devin two years ago as the first AI software engineer. Since then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
We (@slashapp) raised a $100M Series C at $1.4 billion valuation to build the world's most powerful business banking platform.¹
The round was led by @RibbitCapital, and co-led by @khoslaventures & @GoodwaterCap.
And we're releasing Twin: the world’s first AI private banker.
Today, we’re excited to announce @Evervault's $25M Series B, led by Ribbit Capital with continued support from @sequoia, @IndexVentures, @kleinerperkins, and @nextplayVC.
This round comes at a time when sensitive data exchange on the web is going parabolic. Since 2019, we’ve been focused on building durable infrastructure for engineering teams to collect, process, share, and enrich sensitive data -- while keeping it encrypted at all times.
We thought we were making good progress in encrypting the web, helping customers like @tryramp, @Rippling, @finix, @TheOverwolf, @Uniswap, @CarTrawler, and hundreds of others secure more than $5bn/year in payment flows and 100m+ unique tokens per month. But the past year has shown that our enemy -- plaintext data -- is getting stronger and more pervasive.
Our vision is to build the clearinghouse for sensitive data, helping companies exchange sensitive data in a secure and encrypted way. This round helps us encrypt more of the web by further refining our developer experience, building deeper integrations with trusted third-parties, and increasing the value we can offer our customers for more data types.
First and foremost, thank you to our customers. You trusted Evervault to sit directly in the flow of your most sensitive data (payments, identity, financial information, and more) and that trust is not something we take lightly. Your feedback, your requirements, and the problems you bring to us every day are what shape the product and push us forward.
Thank you to the Evervault team. What you’ve built is genuinely special: infrastructure that lets developers process sensitive data without ever having to see it in plaintext. The pace, craft, care, and ambition you bring to work every day are what makes this company what it is.
And thank you to our new investors for believing in the vision of making security architectural rather than procedural. We’re grateful to have partners who understand both the scale of the problem and the opportunity ahead.
The internet still assumes that sensitive data must exist in plaintext somewhere. We’re building the infrastructure to change that.
Onwards!
More here 👉 https://t.co/djNIWoQbGM
5/ @itsalfredw and @florian_jue are deeply customer-obsessed. They’re building Listen the same way they believe great companies are built, by listening closely to customers themselves. They’re exactly the right people to do this, and we’re excited to partner and keep learning alongside the @ListenLabs team.
Today, Listen crossed $100M in funding.
Building is easy now. Knowing what to build isn't.
Our AI finds and talks to your users so you don't have to guess.
See how Sweetgreen, Microsoft, and Replit use it:
4/ Listen takes real customer conversations and turns them into feedback teams can actually act on: insight you can reuse, debate, and build from across product, marketing, and growth.
3/ That’s why Listen Labs has become one of the AI platforms we rely on. We use it constantly at Ribbit to run customer studies across companies and markets, hearing directly from people around the world, fast and at real scale.
2/ What do they love? Where does the experience quietly break or feel seamless enough that they never notice at all? Understanding those moments is one of the hardest parts of building enduring brands.
Today, I’m excited to publicly launch @neviswealth and announce we’ve raised $40M from @sequoia , @ICONIQCapital , and @RibbitCapital to build the future of AI for wealth management.
Why we founded Nevis
Some people think AI will replace financial advisors. They’re wrong.
Today, advisors in the US support over 50M Americans with their life savings and help them navigate life’s biggest decisions from planning for retirement to sending their kids to college. Our belief is that those moments will always be human-led.
But there’s a problem. Financial advisors spend +80% of their time on admin as a result of fragmented technology and manual workflows. This limits growth, increases costs, and restricts access to professional advice for millions of families who need it.
AI to empower advisors, not replace them
Nevis solves this with an AI platform built specifically for wealth management that:
✅ Automates admin tasks, saving advisors hours per day.
✅ Helps firms grow AUM without growing headcount.
✅ Enables advisors to serve more clients without sacrificing quality.
The people who made this possible
My co-founders Philipp and Ivan. Two of the smartest people I’ve ever met. Building Nevis with you both is a true privilege.
Our investors @sequoia , @ICONIQCapital , and @RibbitCapital . For your early conviction, partnership and continued support.
Our earliest customers United Capital, GC Wealth, Apollon Wealth Management, Dodds Wealth Management. Thank you for your trust in Nevis.
And to our entire team. You execute relentlessly and care deeply about the advisors and wealth management firms we serve. This is only possible because of you.
This is only the beginning.
Read more here: https://t.co/LnbuX3oQrf