Memos

Why we invested

A deeper look into the companies we backed and why — our thesis, the market, the founders, and what we're watching.

Featured

Starcloud

Earth-bound data centers are hitting hard limits just as AI demand goes vertical. Starcloud moves compute to orbit — in 2025 it successfully deployed and ran inference on the first GPUs ever sent to space.

YS24$170M Series A$1.1B valuationMay 7, 2026

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YS26

Financial Datasets

Agents are becoming a separate customer for market data, paying per request rather than per seat. Financial Datasets is the primary-source data API many of them are already built on.

Sep 2, 2026Read memo

YS26

Allia Health

A free AI EHR is the wedge into a national mental health medical group whose payer contracts pay practices more than they can negotiate alone. The rate spread keeps practices in; a measured, prescriber-anchored group spanning therapy and psychiatry is what payers will pay for outcomes and, eventually, risk.

Sep 1, 2026Read memo

YS26

Context.dev

AI is creating three data markets; agent runtime feeds every harness's system of record. Context.dev is the bet that runtime data, public and private, becomes core agent infrastructure.

Aug 29, 2026Read memo

YS26

Exosat

Satcom for the rest of the world: a Singapore-based LEO constellation for every country and enterprise that will not stake critical infrastructure on Starlink or Chinese state operators.

Jul 2, 2026Read memo

YP26

Apollo Atomics

Nuclear is the only clean 24/7 answer to AI's power crunch. Apollo changes one component to shrink reactors 40x without new licensing risk.

Jun 12, 2026Read memo

YP26

Akkari

Recording customer work isn't doing it. Akkari turns every conversation into completed customer outcomes.

Jun 8, 2026Read memo

YP26

Superset

The open, harness-agnostic IDE for running parallel coding agents today; tomorrow, the OS for software factories.

May 21, 2026Read memo

YP26

Sazabi

Logs are all you need. Sazabi's agent turns them into diagnosis and fixes, on the path to self-healing software.

May 20, 2026Read memo

YW26

Didit

In a world of agents and deepfakes, proving the human is real is the new perimeter. Didit verifies it at runtime.

Mar 19, 2026Read memo

YW26

General Legal

Outside counsel is slow and priced by the hour. General Legal prices per contract and turns drafts in under three hours.

Mar 18, 2026Read memo

YW26

Overshoot

Hyperscalers stop at the model API. Overshoot builds the video infrastructure under every live-vision agent.

Mar 18, 2026Read memo

YW26

Luel

The next great marketplace is rights-cleared training data: bespoke datasets in days, a catalog re-licensed at high margins.

Mar 13, 2026Read memo

YF25

Bolna AI

Sub-500ms multilingual voice agents: the bet that India's enterprise phone channel runs on Bolna, not BPO seats.

Nov 21, 2025Read memo

YF25

Sava

An AI trust company that owns the regulated charter, not just the software. The prize: the $124T wealth transfer.

Nov 18, 2025Read memo

YF25

Unsiloed AI

Vision-first document parsing into structured, LLM-ready data: fast, deterministic, and deployable air-gapped.

Nov 15, 2025Read memo

YS25

Halluminate

Simulated worlds are where frontier models learn to work. Halluminate builds them to train financial superintelligence.

Aug 28, 2025Read memo

YS25

Magnetic

The CPA shortage is structural and the tooling is from the 1990s. Magnetic is the AI tax preparer that does the work.

Aug 24, 2025Read memo

YS25

Autumn

Autumn sits on top of Stripe, not in place of it, abstracting the credit and entitlement state every AI company hand builds.

Aug 13, 2025Read memo

YP25

Cua

Every computer-use agent needs a desktop. Cua is Docker for computer-use AI, a cloud desktop in one command.

Jun 10, 2025Read memo

YP25

Airweave

Every agent hits the same wall: our data. Airweave is the open-source retrieval layer with 50+ connectors behind one API.

Jun 5, 2025Read memo

YP25

Vybe

AI authoring for internal apps, extended to agents. The same SSO, RBAC, and audit layer now runs secure AI teammates.

May 13, 2025Read memo

YW25

Promptless

Agents now read docs as much as humans; docs are infrastructure for agent use. Promptless keeps them in sync.

Feb 28, 2025Read memo

YW25

Leaping AI

Voice AI wins vertical by vertical. Leaping owns home improvement, where every missed call is a job lost to a rival.

Feb 25, 2025Read memo

YW25

Browser Use

The browser is the universal surface for computer-use AI, and Browser Use is becoming the Playwright of the agent era.

Feb 24, 2025Read memo

YW25

Mastra

Models are trained in Python but product code ships in TypeScript. Mastra is the agent framework native to that world.

Feb 19, 2025Read memo