Participated · Series A · Oct 2025

CoreStory tackles one of enterprise IT’s costliest problems: understanding and modernizing the trillions of lines of legacy code that underpin critical systems such as banking, healthcare and defense. Its Agentic Code-to-Spec platform automatically reads, maps and documents millions of lines of code, turning opaque applications into detailed, living specifications that both developers and AI agents can navigate. By pioneering Specification-Driven Development, CoreStory grounds all software—including the surge of AI-generated code—in explicit, natural-language requirements, keeping business intent and technical execution aligned. Enterprises that deploy the product report up to a 50 percent reduction in human development time, while research conducted with Microsoft shows a 51 percent accuracy boost for AI engineering agents using CoreStory’s specs. The result is shorter modernization timelines, lower project risk and a measurable, ROI-positive initiative for large organizations. With fresh capital, the company plans to accelerate enterprise adoption and further develop its AI-powered development workflows. No additional revenue or user figures were disclosed in the article.

Participated · Series A · Feb 2024

Founded in 2019 by former SpaceX engineer Sergiy Nesterenko, Quilter has built the first publicly demonstrated system for fully autonomous PCB layout, using reinforcement learning trained on fundamental electromagnetic and thermal physics. The cloud-based platform plugs into engineers’ existing EDA workflows (Altium Designer, Cadence Allegro/OrCAD, Siemens Xpedition) and reduces PCB placement and routing work from weeks to minutes, eliminating human error while accelerating product cycles. Fortune 500 aerospace, defense, and consumer electronics firms representing roughly $500 billion in market capitalization are already deploying the product, and Quilter is now engaged with OEMs and Tier-1 suppliers whose combined market value exceeds $8 trillion. Early users report dramatic cuts in iteration time, such as a Tier-1 automotive supplier shrinking test-board cycles from weeks to days. The company plans to broaden integrations across the hardware development stack and ultimately generate board designs that outperform any human layout. Quilter has raised $40 million to date and is pursuing SOC 2 Type II compliance to support deployments on private cloud, GovCloud, and on-premise environments.

Participated · Series B · Jan 2023

Crowdbotics offers a catalog of reusable modules and prebuilt app architectures that let customers convert specifications into code, typically in React, React Native and Django, and deploy to web, Android, iOS, or on‑premise. Founded by Anand Kulkarni in 2017, the platform includes a planning engine powered by historical data and supports private module libraries for enterprises to maintain reusable components. Customers can also hire project managers and developers from Crowdbotics' gig marketplace and pay a monthly subscription for hosting, infrastructure, maintenance, and monitoring. The company plans to use the $40M Series B to expand its enterprise presence, grow product offerings, and increase its customer base. Crowdbotics reports over 500 customers — the largest being the U.S. Air Force — and says revenue has tripled year‑over‑year for the past three years. It has a 90‑person workforce that management expects to double by year‑end 2023 and has raised over $68 million in funding to date. Crowdbotics provides a low-code platform that lets users visually build React Native and Django applications while producing real, editable source code synced to GitHub. The platform supports deployment to hosting providers like Heroku and offers managed app development services and on-demand engineering. Crowdbotics serves over 1,400 customers and, as of May 2021, reports more than 20,000 apps launched on its platform. The company emphasizes transparency and anti–vendor lock-in by allowing customers to export and host their own code. Crowdbotics employs around fifty people and reported ending 2021 with a run rate comfortably north of $10 million, representing ~300% growth year-over-year. Planned product investments include more prefab features and architectures, improved design tooling, a more powerful product management-as-a-service suite, and niche features for industries such as health care, finance, education, tech, media, and Web 3.0.

Participated · Series A · Sep 2022

Jeli.io is an incident management startup led by former Netflix and Slack engineer Nora Jones. The company offers a purpose-built platform for incident review and post-mortems alongside a free Slack incident response bot that automates incident coordination. The bot is intended to remain free while the core platform provides tools to analyze systemic causes rather than assign blame. Jeli emphasizes learning from incidents to prevent repeat failures and frames its product as a cost-saving tool by reducing downtime and remediation expenses. Since its 2020 seed round the company says its customer base and revenue have grown 10x. The team has grown to more than 20 employees, up from six at the time of the seed round. Jeli.io provides a centralized incident analysis platform that pulls together data from emails, Slack, PagerDuty, Zoom recordings, logs and other tools to surface insights after outages. The product is currently in private beta and the company is working with early customers to refine the platform. Jeli was founded by Nora Jones, who previously helped build chaos engineering tooling at Netflix and led chaos engineering at Slack. The startup is pre-revenue and currently has eight employees, with plans to hire across the organization in 2021. The company aims to expand beta access in the coming months and open the product more widely next year. Jeli emphasizes building a diverse workforce as part of its product and hiring strategy.

Participated · Series B · Jul 2022

X1 issues an income‑based, no‑annual‑fee stainless steel Visa that underwrites customers on income rather than credit scores and rewards users with points redeemable through its app. The card offers built‑in software features (subscription tracking, auto‑expiring virtual cards, refund notifications) and the company says it has given over $10M in reward points to date. X1 recently launched to the public (after a 13‑month private beta) and amassed a 600,000‑person waitlist before the public card launch in mid‑September. Revenue and spend have grown quickly: monthly revenue rose from ~$1M when it began Series B fundraising to ~$3M by October (a $36M annual run rate), and GMV moved from $50M in July to an expected $60M this month with a projected $1B annualized spend for 2022. Interchange fees are X1’s primary revenue source, supplemented by commissions from an in‑app shopping portal featuring merchants like Nike, Sephora, Apple and others. The company is rolling out an investing feature that will let cardholders buy stocks with reward points, and plans to use new capital for market expansion, product development and hiring (it currently has 36 employees and has made senior hires including Abhi Pabba and CFO Kieran Brady). X1 Card produces a 17-gram stainless-steel, Visa Signature-backed credit card that leverages software to deliver smart credit limits, virtual cards and an automated rewards program with no annual fee. Its app notifies members instantly about purchases, supports fast search and dispute workflows, and about 90% of cardholders use the app monthly. Virtual cards power roughly 10% of X1’s spend today and members have redeemed about $3M worth of points through the app. X1 sets higher limits by evaluating current and future income rather than relying solely on credit score and offers a family plan with individual metal cards. Since an October waitlist-only beta, X1 says it is the fastest-growing challenger credit card, is on track for $1B in annualized spend with a transaction every five seconds, has members in all 50 states and has been used in more than 100 countries. The company plans to open applications to its 500,000-person waitlist and the general U.S. public in the coming weeks and will use new capital to invest in product innovation and scale. X1 Card was co-founded by Twitter alums Deepak Rao and Siddharth Batra and positions itself as a technology-first credit card. The product is built from 17g of stainless steel with laser etching and is designed to provide smart credit limits, an enhanced rewards program, and automated spending features. X1 has partnered with Visa Signature, enabling card acceptance at more than 46 million merchants worldwide. The company reports a waitlist nearing 300,000. Financially, X1 recently completed a new financing round after securing $10 million in a Series A less than six months earlier. Leadership has emphasized bringing the card to market to serve those on the waitlist and modernize the credit card industry. Ash Gupta, former Chief Risk Officer at American Express, has joined X1 as an advisor.