Official announcements from Dust or Sequoia

French AI Startup Dust Secures $16M in Series A Funding Led by Sequoia, Surpasses $1M ARR with 70% WAU/MAU

Jun 27, 2024, 09:36 AM

Dust, a French AI startup founded by an ex-OpenAI scientist, has secured $16 million in a Series A funding round led by Sequoia Capital. The company, which focuses on developing enterprise AI assistants integrated with internal data, has achieved significant milestones, including surpassing $1 million in annual recurring revenue (ARR) and maintaining a high user engagement rate with 70% weekly active users over monthly active users (WAU/MAU). Dust also boasts over 5,000 active subscribers and a 100% Net Promoter Score (NPS) from independent diligence calls conducted by Sequoia. The company plans to use the new funding to accelerate investment in its AI assistant platform and expand its capabilities to enhance workflow efficiency for companies.