Distyl AI Raises $175M Series B At $1.8B Valuation, Up 9x From Last Funding
Distyl AI, a startup that aims to help Fortune 500 companies become “AI-native,” has raised $175 million in a Series B funding round at a $1.8 billion valuation.
Khosla Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital and DST Global participated in the financing, which brings the San Francisco-based startup’s total raised since its 2022 inception to just over $200 million, per Crunchbase data. That’s a massive jump from the $200 million it was valued at last September when it raised a $20 million Series A led by Lightspeed.
Distyl AI says it works with companies in a variety of sectors, including healthcare, telecommunications, insurance, manufacturing and financial services.
“The companies that win in the AI era are those that are willing to reimagine how they operate, not just what tools they use,” said Arjun Prakash, CEO of Distyl AI, in a written statement. “AI is forcing enterprises to move beyond silos. … Our belief is that the next chapter of AI leadership won’t be won by the models alone, but by operationalizing AI at scale in enterprises and transforming how they work.”
While Distyl did not disclose revenue figures, it says that it’s “backed by profitability” and has reached over 120 million end users since its inception.
The company was founded by Prakash and Derek Ho, both of whom previously worked at Palantir Technologies.
“Distyl AI represents the kind of company we back at Khosla Ventures because they’re helping to reshape how enterprises think about the future,” said Vinod Khosla, founder of Khosla Ventures, in a written statement. “Beyond embedding AI into the core of Fortune 500 companies and proving outcomes, Distyl is setting a new standard for what business transformation could look like across industries.”
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Illustration: Dom Guzman
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Distyl AI Raises $175M Series B At $1.8B Valuation, Up 9x From Last Funding
Distyl AI, a startup that aims to help Fortune 500 companies become “AI-native,” has raised $175 million in a Series B funding round at a $1.8 billion valuation.
Khosla Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital and DST Global participated in the financing, which brings the San Francisco-based startup’s total raised since its 2022 inception to just over $200 million, per Crunchbase data. That’s a massive jump from the $200 million it was valued at last September when it raised a $20 million Series A led by Lightspeed.
Distyl AI says it works with companies in a variety of sectors, including healthcare, telecommunications, insurance, manufacturing and financial services.
“The companies that win in the AI era are those that are willing to reimagine how they operate, not just what tools they use,” said Arjun Prakash, CEO of Distyl AI, in a written statement. “AI is forcing enterprises to move beyond silos. … Our belief is that the next chapter of AI leadership won’t be won by the models alone, but by operationalizing AI at scale in enterprises and transforming how they work.”
While Distyl did not disclose revenue figures, it says that it’s “backed by profitability” and has reached over 120 million end users since its inception.
The company was founded by Prakash and Derek Ho, both of whom previously worked at Palantir Technologies.
“Distyl AI represents the kind of company we back at Khosla Ventures because they’re helping to reshape how enterprises think about the future,” said Vinod Khosla, founder of Khosla Ventures, in a written statement. “Beyond embedding AI into the core of Fortune 500 companies and proving outcomes, Distyl is setting a new standard for what business transformation could look like across industries.”
Related Crunchbase query:
Illustration: Dom Guzman
Read More
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