Greylock

We - Greylock - have a long history of partnering with founders starting at day one through IPO. We are excited to share new steps in that effort: 1/ Fund 17, our newest $1B early-stage fund focused on Pre-Seed, Seed, and Series A founders in enterprise & consumer software - specifically AI-first companies across Cyber, Infra, SaaS, Consumer, Marketplaces & Commerce, and Fintech & Crypto. 2/ Edge, a bespoke program to help founders initiate new companies by harnessing the full potential of Greylock’s resources & expertise. Our team works directly with founders to brainstorm & iterate foundational decisions with fully flexible financing options. (visit greylock.com/edge for more info) We are privileged to be early partners to Airbnb, AppDynamics, LinkedIn, Meta, Palo Alto Networks, Okta, Workday and more recently, Abnormal Security, Cato Networks, Discord, Figma, Lyra Health and Rubrik. We can't wait to help the next gen of founders go from idea to iconic.

We are launching a new search product -- Clemens Mewald (our Head of Product) presented a preview of that at the VB Transform yesterday. It uses an architecture (Federated AI Agents) we have been working on for the last 12 months. We believe this architecture addresses many of the data, identity, and access-control constraints enterprises care about. We'll follow up with a detailed technical blog soon. https://lnkd.in/dvidR44m

In this week's newsletter, we share the story of Figma's initial mission: to shrink the gap between imagination and reality, and how the company is well on its way to achieving that goal. “For us, the intention was always to decrease the time it takes to go from something in your head to something on the screen,” whether it’s a website or a fully functional app," Figma co-founder and CEO Dylan Field says. Read on for more about Figma's journey, and for the latest portfolio news and events where Greylock partners are featured speakers.

We are incredibly proud to share that Lyra Health is the first and only workforce mental health provider to have earned the prestigious Credentialing Accreditation from the National Committee for Quality Assurance (NCQA). The NCQA upholds the health care industry’s highest standards of independent review with the mission of improving health care quality. We share their commitment to member care and safety and are dedicated to ensuring we have a secure system and a rigorous vetting and verification process that exceeds their strict requirements. Lyra is deeply committed to delivering the best mental health outcomes for our members and we know that maintaining the highest quality provider network in the industry is what enables us to achieve them. A heartfelt thank you to our dedicated team who led the charge on this accreditation process! https://bit.ly/3XXlp1E #MentalHealth #HealthcareExcellence #QualityCare #WorkplaceWellness

Excited to announce that Curated and Flip have joined forces. I’ve known Noor Agha, Flip’s founder, for a couple of years now. We’ve spent tons of time together, bouncing ideas around, giving each other advice, and sharing our respective views of the future of commerce. Over the years, we came to realize that our visions of the future are shockingly similar — we believe that shopping, at its core, is inherently social and that the future of shopping has real, authentic people at its center. So how do our two businesses come together? Curated and Flip are both on a mission to provide real, unbiased, honest input to help shoppers make better purchasing decisions. At the same time, both companies enable regular people to monetize their knowledge by providing authentic advice on the products they know. Curated does this by connecting shoppers with experts who provide personalized advice for complicated, expensive purchases. Flip does this by creating a platform for shoppers and creators to discover new products, get honest opinions from real buyers, and share their honest reviews, all while earning on the platform. eCommerce is a massive market, but very competitive. Most companies play it safe, but that rarely leads to big breakthroughs. That’s why we’re joining forces. By combining our strengths, we believe we can build something truly novel and pave the way for the future of commerce. I’m very excited to become partners with Noor and take a big swing at creating something massive and different in the shopping world. In case you skimmed this and needed the TL;DR... -we believe the future of commerce is inherently social -both companies are about unbiased, honesty on the internet -both companies are about allowing people to monetize their knowledge -now the real work begins

Congratulations to Cato Networks on its recognition by Gartner as a Leader in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE. Cato pioneered the SASE market and is shaping its future with best-in-class customer experience and a train of innovations that deliver on SASE’s promise. Cato grew more than 2x as fast as the market last year and has a near-perfect rating on Gartner Peer Insights, with its Cato SASE. https://bit.ly/4cTBgCk

In today’s newsletter, CEO and Co-Founder of Notable, Pranay Kapadia, shares how the company leverages #AI to automate all the mundane, day-to-day administrative tasks that suck time and money out of the #healthcare system. “Imagine not having to make a phone call ever again in the healthcare system, not for scheduling appointments, verifying insurance, making referrals, or collecting payments. That’s what we’re working on,” says Kapadia. Plus, Greylock partner Saam Motamedi talks to Mario Gabriele about why founders deserve a VC partner who understands what they are doing really deeply.

Design is more important than ever. In a world where AI will be able to output fully-functioning interfaces from a simple prompt, craft will differentiate great products from obvious solutions. I hope that the features launching today at #Config2024 will support that end-to-end process and unblock creativity so teams can go from idea to product. Let’s go through some of our launches: - New product: Figma Slides! You’ve been asking for speaker notes so we are giving you that and more. We’re gradually rolling this out so please try it and let us know what you think. - Figma AI: Our approach to bringing AI to the Figma editor is to address real pain points that stand in the way of your craft. Today, you’ll see a lot of AI features that do monotonous tasks for you and help you stay in the flow (Rename Layers and Make Prototype). Some are still MVP, but others are immediately useful. For example, Make Design helps you get to your first idea faster with a first draft and Visual Search finds similar designs already existing in your team. - UI3: We don’t take UI changes lightly. We put a lot of thought into making UI3 in Figma feel familiar while also reducing bloat and making it easier to use. We know that it may take some time to adjust to these changes, so we’re slowly rolling them out to users, starting today. You are welcome to turn this redesign off as we improve UI3 with your feedback. Eventually we will migrate all users to UI3. - Dev Mode: Since the launch, teams have marked over 4 million designs as ready for dev! We’re now introducing Ready for Dev View, Focus View, and new statuses. - Also available today, Code Connect is out of beta with new improvements like surfacing connected code snippets in the component playground, a new tool to streamline setup, and support for React, React Native, iOS, Android (with more to come!). Thank you to everyone who showed up for Config IRL and virtually! Lots more on what we’ve built and what we’re building here: https://lnkd.in/eRavMsr4

Students: Start Up Your Career Here! Greylock has a long history of supporting university students through various programs and events to connect with our investors and portfolio companies. ➡️ Find an #internship at Greylock startup! We’ve developed an application-based channel for students seeking internships and full-time opportunities at startups. Through the application process, we will learn about your motivations, skills and interests to connect you with relevant startups.  Register at the link below. ⭐ Welcome Jessica Waterman, (She/Her) to the Greylock team!  Jessica will be leading Greylock’s University Talent programs that connect students with startups. CC: Glen Evans #internships #startupcareer #recentgrads

Onehouse is on a mission to make data open. Today, the team announced their Series B, and two new products: 1/ LakeView, a free lakehouse observability tool for the OSS community, and 2/ Table Optimizer, which automates data lakehouse optimizations. Congrats, Vinoth Chandar and team on these milestones. We - at Greylock - are proud to be your partners since the seed. P.S. - Onehouse is hiring! Below are a few open opportunities. All jobs can be found: https://lnkd.in/gZAAkxhs - Data Platform Engineer (India) - https://bit.ly/4bmGfu4 - Engineering Manager, Product Development (India) - https://bit.ly/45JnfEQ - Staff Software Engineer, Open Source (US) - https://bit.ly/4cCg9UX CC Jerry Chen