Fundraising Fox

Dust

Paris, FR · 125 employees · 9 known investors

Dust lets companies build and deploy custom AI agents connected to their internal tools and data, with a workspace where teams create, share, and orchestrate assistants.

Also known as dust.tt · Permutation Labs SAS

Founders & leadership

SPStanislas Polu
Stanislas PoluinCo-founder
GH
Gabriel HubertinCo-founderCo-founder of Dust, which lets companies build and deploy custom AI agents connected to their internal tools and data. He previously worked at Alan and Stripe, and at TOTEMS, which was acquired by Stripe.
NC
Nico CFounder

Investors · 9

Funding

SEC filings, press & company announcements

$120M disclosed across 3 of 4 rounds · 2024–2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Dust operates an enterprise AI agent platform that lets business teams build, deploy and manage agents connected to internal company knowledge and tools. The product centres on a shared collaborative workspace in which employees and agents work on the same projects, conversations, files, notifications and to-do lists, rather than each employee running an isolated assistant. The company describes the prevailing pattern of one assistant per employee as "single-player AI" and positions its own system as the "multiplayer" alternative, where context, tools and goals are shared and improvements to one agent propagate across the organisation.

Agents can analyse, transform and generate files including documents, spreadsheets, presentations and interactive data visualisations, and act across connected systems through a context layer that combines semantic search over company knowledge with integrations to more than 100 data sources and business tools, among them Slack, Notion, GitHub, Google Drive, Salesforce, Confluence, HubSpot, BigQuery, Snowflake and Zendesk. Built-in memory and feedback loops are intended to let agents learn from team preferences, usage patterns and feedback and to suggest improvements. Custom actions can be built as "Dust Apps", and the platform is model-agnostic, giving customers a choice of frontier models such as GPT-4 and Claude within a central governance layer. Enterprise features include granular permissions and private spaces, cost and usage monitoring, audit trails, agent analytics, SSO and SCIM provisioning, and regional hosting. The platform is SOC 2 Type II certified and GDPR compliant, offers EU and US data residency, and states that models are not trained on customer data under contractual commitments from major model providers. Dust's core repository is published on GitHub under an MIT licence.

Founding story

Co-founders Gabriel Hubert and Stanislas Polu met at Stanford in 2007 and previously built data analytics company TOTEMS, which they sold to Stripe in 2014. Polu subsequently worked as a research engineer at OpenAI on mathematical reasoning under Ilya Sutskever and co-authored papers on AI reasoning, while Hubert was chief product officer at French health-tech company Alan and had helped scale AI adoption at Stripe. They started Dust to move enterprise AI beyond per-person assistants toward shared, governed human-agent collaboration.

Business model

Dust sells software-as-a-service subscriptions to companies, which deploy agents across functions such as operations, support, marketing and sales. The company promotes an internal "AI Operator" role — non-engineering staff closest to the work who build and run agent fleets for their teams — as the intended adoption model, and says it runs primarily on its own product.

Published pricing lists a Pro tier at EUR 29 per user per month excluding tax, including advanced models, custom agents and actions, key connections, unlimited messages under fair use, fixed pricing on programmatic usage and up to 1 GB of data sources per user; an Enterprise tier for 100-plus users is custom-priced and adds SSO, larger storage, SCIM provisioning, regional hosting and priority support.

Traction

As of the May 2026 Series B announcement, Dust reported more than 3,000 customer organisations globally and more than 300,000 agents deployed on the platform, with monthly active adoption consistently above 90% and weekly active usage above 70% across customers, and zero customer churn in 2025 alongside 240% net revenue retention. Monthly active users were reported at 51,000 in the company's release and at 41,000 as of April 2026 in other coverage. The company crossed $20m in annual recurring revenue earlier in 2026, up from EUR 1m in ARR two years prior, and is not profitable. Customer-reported outcomes include a 46-person revenue team at Vanta estimating more than 400 hours saved weekly (with 900 people across sales, customer success and revenue operations cited in the company release), Clay growing its go-to-market team fourfold without a proportional rise in enablement headcount, Watershed reducing a recurring data-mapping workflow from two to three hours to a few minutes at a 78% success rate, and Qonto reporting roughly 50,000 hours saved annually across more than 50 specialised agents and over 1,000 daily users. Dust holds a 4.9 out of 5 rating on G2 from 19 reviews, and its GitHub repository has about 1,400 stars and 334 forks.

Latest developments

On 18 May 2026 Dust announced a $40m Series B co-led by Abstract and Sequoia with participation from Snowflake Ventures and Datadog, taking total funding above $60m. The company said proceeds will fund research and development and US growth, specifically agents that improve as they are used, collaboration primitives making humans and agents bidirectional co-contributors, and orchestration and governance infrastructure for enterprise scale. Run-rate revenue was not disclosed in the announcement.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Dust competes in the enterprise AI agent and work-assistant market against single-user copilots from foundation-model labs and software incumbents including Google, Microsoft, OpenAI and Anthropic, as well as agent and enterprise-knowledge platforms such as Glean, Atlassian Rovo, Kore.ai and IBM watsonx Assistant. It differentiates on shared, governed multi-user agent collaboration rather than per-person assistants, and is described in European tech press as one of the more prominent AI startups in Paris.

The company's stated differentiators are a shared collaboration surface where humans and agents co-contribute with common context and goals, breadth of enterprise connectors (100-plus data sources), model-agnostic orchestration under a central governance layer, agent memory that learns from team feedback, and enterprise compliance posture (SOC 2 Type II, GDPR, EU/US data residency, no training on customer data). Third-party reviews cite the flip side as per-seat cost at organisation-wide scale, a 1 GB per-user data cap on the Pro tier, Enterprise-gating of SSO, storage and provisioning, and a learning curve for internal builders.

Technology

The platform combines a semantic search and context layer over connected company data with orchestration across multiple third-party large language models, custom action modules ("Dust Apps"), agent memory and feedback loops, and a cloud-hosted compute environment for processing files and generating documents. Engineering write-ups cited by third parties describe Temporal-based workflows running more than 10 million activities per day. The codebase includes Rust components and is distributed on GitHub under an MIT licence.

Go-to-market

Sold directly to companies through self-serve Pro and negotiated Enterprise plans, with adoption driven inside customers by internal agent builders and Slack-native deployment of agents into existing channels. Customer case studies and published usage outcomes support enterprise sales, and the company maintains an open-source repository, developer platform and user guides.

Enterprises and high-growth technology companies, including AI-native firms and established organisations in the roughly 500 to 10,000 employee range. Named customers include Vanta, Clay, Profound, Watershed, Datadog, 1Password, Qonto, Alan, Pennylane, Causaly and Paddle.

Geography

Headquartered in Paris and incorporated in France, with US operations scaled out of San Francisco. Customers span Europe and the United States, with the US described as the fastest-growing market; the platform offers EU and US data residency options.

History

Sources place Dust's launch in 2022, with an initial release dated August 2022 and a founding date of February 2023 reported by one outlet. Early product framing centred on a graphical interface for building prompt chains with standard building blocks and a custom scripting language for parsing model outputs across multiple large language models. The company later shifted toward an enterprise agent platform with connectors, permissions and governance, raised a $16m Series A led by Sequoia in June 2024, and announced a $40m Series B co-led by Abstract and Sequoia in May 2026, bringing total funding to more than $60m. Its legal entity is Permutation Labs SAS.

Risks & controversies

The company is not profitable and says profitability is not a near-term priority. Reviewers flag per-seat pricing that can raise total cost of ownership for organisation-wide deployment, Pro-tier data caps that push buyers toward Enterprise procurement, and an onboarding learning curve for non-developer teams. Public review volume is small (19 G2 reviews), which may reflect early-adopter bias. The enterprise agent category is increasingly crowded, with Anthropic, Google, Microsoft and OpenAI shipping competing agentic tooling.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Agents deployed on platformMay 2026300,000 agents
Connected data sources and business toolsMay 2026100 integrations
Customer churnJan 2025zero churn
Customer organizationsMay 20263,000 organizations
G2 ratingSep 20254.9 out of 5 (19 reviews)
GitHub forksJan 2026334 forks
GitHub starsJan 20261,400 stars
Monthly active adoption across customersMay 2026consistently above 90%
Monthly active usersMay 202651,000 users
Net revenue retentionJan 2025240%
Pro plan list priceSep 2025EUR 29 per user per month excluding tax
Temporal workflow activities per daySep 202510,000,000 activities/day
Total funding raisedMay 2026$60M
Weekly active usage across customersMay 202670%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Netezza208 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
OpenAI175 shared keywordsOpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
Zapier144 shared keywordsZapier provides a platform for connecting AI models and agents to workflows and business applications, enabling teams to automate tasks across over 9,000 apps without coding. The platform serves enterprises, operations teams, and businesses of all sizes looking to deploy AI-driven automation for lead capture, customer support, employee onboarding, and other business processes.
ClickUp113 shared keywordsClickUp provides a customizable work management platform that adapts to different company teams and projects across various functions including marketing, sales, and project management.
DataCamp102 shared keywordsDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
Lindy94 shared keywordsLindy is an AI executive assistant that manages email, schedules meetings, takes notes, and handles administrative tasks for individual professionals and teams. It integrates with email, calendar, and hundreds of third-party applications to automate workplace busywork.
Glean91 shared keywordsGlean provides an AI-powered workplace search and knowledge management platform that connects company data across documents, messages, tickets, and systems to help teams access information and complete work. The platform serves multiple departments including engineering, sales, support, marketing, and IT teams across enterprises.
Relevance AI87 shared keywordsRelevance AI provides an enterprise platform for building and deploying autonomous AI agents that handle specific business tasks. The platform enables teams to map workflows, deploy customized agents for use cases like sales, customer support, and operations, and scale agent deployment across their organization with built-in governance, monitoring, and access controls.
Eesel87 shared keywordseesel AI builds AI "teammates" that connect to a company's tools and perform work tasks under human supervision, with autonomy increasing over time. The product targets support and enterprise teams and uses usage-based pricing tied to work completed.
Gumloop80 shared keywordsGumloop is a platform for building and deploying AI agents that automate business tasks such as data analysis, customer support, CRM management, and meeting preparation. The platform serves enterprise teams and includes multi-agent workflow orchestration, integrations with workplace tools like Slack and Teams, and security controls for managing AI model access and data governance.

Companies competing with Dust for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
May 2026
Dust raises $40M Series B co-led by Abstract and Sequoia

Dust announced a $40 million Series B co-led by Abstract and Sequoia Capital with participation from Snowflake Ventures and Datadog, bringing total funding to more than $60 million. Proceeds are earmarked for R&D and US growth.

$40M source ↗

May 2026
US operations scaled out of San Francisco

The Paris-incorporated company has scaled its US operations from San Francisco, with the US reported as its fastest-growing market and the focus of Series B investment.

source ↗

May 2026
SOC 2 Type II certification and GDPR compliance

The platform is SOC 2 Type II certified and GDPR compliant, supports EU and US data residency, and states that major model providers contractually commit not to train on customer data.

source ↗

Jan 2014
Founders sold data analytics company TOTEMS to Stripe

Prior to founding Dust, Gabriel Hubert and Stanislas Polu sold their data analytics company TOTEMS to Stripe.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Dust do?
Dust is a Paris- and San Francisco-based platform for building and governing collaborative enterprise AI agents.
Who founded Dust?
Dust was founded by Stanislas Polu, Gabriel Hubert, Nico C.
Who are Dust's investors?
Dust's investors include Abstract Ventures, Aglae Ventures, FELIX CAPITAL, Seedcamp, Sequoia Capital, STATION F, Wing, XYZ Venture Capital and 1 more.
How much funding has Dust raised?
Dust has disclosed $120M raised across 3 of its 4 known rounds.
Where is Dust headquartered?
Dust is headquartered in Paris, FR.