Paris-based startup Dust has raised €14.9M in a funding round led by Sequoia and Seedcamp, among others. The platform, which offers custom AI assistants, has achieved $1M in annual recurring revenue and boasts a weekly active user engagement rate of 70%. Dust's AI assistants are designed to handle tasks such as drafting job descriptions, resolving incidents, and generating SQL queries. The company utilizes models from Anthropic, Google, OpenAI, and Mistral. Dust has already gained traction with customers like Watershed, Alan, Qonto, and Pennylane. The platform aims to address concerns around security risks and internal knowledge silos [863091cd].
This latest funding round has provided Dust with €14.9M in capital. The round was led by Sequoia and Seedcamp, with participation from other investors. Dust's success in raising funds highlights the growing interest and investment in AI assistants and the potential for their widespread adoption. The platform's impressive metrics, including $1M in annual recurring revenue and a 70% weekly active user engagement rate, demonstrate its value and appeal to customers. Dust's ability to provide tailored AI assistants for various tasks positions it as a key player in the AI industry [863091cd].