SAN FRANCISCO: Dust, an AI platform company, has raised $40 million in a Series B funding round to grow its business and reach more enterprise customers around the world. The round was announced on May 18 and was led by Abstract and Sequoia. Snowflake Ventures and Datadog also joined the investment.
With this latest funding, the company has now raised more than $60 million in total since it was founded. Dust operates out of both Paris and San Francisco.
The company builds a platform where teams and AI agents can work together in shared workspaces. Unlike most AI tools that work in a one-on-one format, where only one person interacts with the AI at a time, Dust allows multiple people to collaborate with AI agents simultaneously. The company believes that this multiplayer approach creates far greater value for large organizations, as teams can get more done together with AI rather than using it individually.
Dust serves more than 3,000 organizations with 51,000 monthly active users. Customers deployed over 300,000 agents across the platform during 2025. Net revenue retention reached 240% with zero customer churn through the year.
Customer outcomes demonstrate clear operational impact across enterprise deployments. Clay supported a fourfold team expansion without proportional enablement headcount growth. Persona compressed RFP workflows from days to minutes through Dust agents.
Doctolib rolled out the platform to 3,000 employees and retired older intranet tools. The deployment patterns suggest deep workflow integration rather than experimental usage. Weekly active usage above 70% reinforces the production-grade adoption thesis.
Co-founders Gabriel Hubert and Stanislas Polu launched Dust in 2022 after Stripe. Polu spent three years as an engineer at OpenAI working on mathematical reasoning. The pair previously built data analytics firm TOTEMS, which Stripe acquired in 2014.
“This is a century-defining transformation, and we’re only in year three,” says Dust CEO Gabriel Hubert.
The funding lands amid intense investor competition for enterprise AI agent platforms. Sierra raised $950 million at a $15 billion valuation earlier this month. Anthropic and Microsoft also push competing agent products into Fortune 500 accounts.
Dust plans to develop self-learning agents and stronger enterprise governance systems next.
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