Participated · Equity · Aug 2026

Databricks operates a cloud data platform and AI products, with its core cloud data warehouse generating $1.5 billion of its annualized run-rate revenue and growing 100% year-over-year. The company reported a $7 billion annualized run-rate revenue figure while growing at roughly 80% and being cash-flow positive. Databricks launched Lakebase in June 2025, which has reached a $100 million revenue run-rate, and its AI chatbot tool Genie is described as highly popular. The company maintains a roughly 100-person AI research team and faces multi-billion-dollar cloud commitments with major hyperscalers. Databricks has been active on the M&A front, acquiring companies including Electric (PGlite) and AI cybersecurity firm Panther, and it says it plans to continue investing in AI and acquisitions while remaining open to a future IPO.

Participated · Series D · Aug 2026

Hadrian builds automated manufacturing facilities that mass-produce parts for vehicles used by the military. The company has opened multiple facilities, including a fourth site in Alabama announced in March to produce submarine parts. That Alabama facility was structured as a public/private partnership and valued at $2.4 billion, according to Hadrian. Hadrian has attracted large venture and institutional backers and recently raised a $1.37 billion round at a $7.87 billion valuation. About a year earlier it raised a $260 million Series C led by Founders Fund and Lux Capital, bringing total capital raised to roughly $2 billion per PitchBook estimates. The company's current plans and financing indicate continued expansion of its automated production footprint for defense supply chains.

Participated · Series C · Jul 2026

groundcover is a full-stack observability platform built on a bring-your-own-cloud (BYOC) data plane with an adaptive eBPF sensor and native OpenTelemetry support to capture unsampled, high-fidelity telemetry across infrastructure, application and AI workloads. The platform stores telemetry inside customers' cloud premises with no sampling or cardinality limits and offers an Agent Mode experience to help engineers surface, troubleshoot and remediate issues while enabling agentic/autonomous operations. Since its 2021 founding, groundcover has grown to more than 250 paying customers, tripled ARR over the past year, achieved 3x year-over-year ARR growth and closed multiple seven-figure deals. The company doubled global headcount in the last year and plans to use new funding to scale go-to-market efforts, expand geographically, deepen partnerships with cloud providers and accelerate its AI and product roadmap. Groundcover positions itself as an alternative to legacy observability vendors by targeting the telemetry scale and control needs of AI-era teams.

Participated · Seed · Jul 2026

Imagi builds classroom tools and curriculum to teach K–12 students coding, basic computer skills and AI literacy, and it partners with tools like Lovable to provide controlled, teacher-managed access to vibe coding. The platform screens every prompt and generated response and asserts compliance with COPPA, FERPA and GDPR to avoid retaining student data or allowing partners to train on student activity. Imagi trains teachers on using AI and computational tools so they can confidently teach students how to build with AI rather than just consume it. Since launching in 2018, the company says it has reached more than 700,000 students across 140 countries. OpenAI provided $1 million in credits to enable free access to the Imagi x Lovable tool for schools. Imagi plans to use fresh capital to expand into more K–12 schools, grow district sales efforts, hire staff, add product features and launch a new platform next month.

Participated · Debt Financing · Jul 2026

Nebius builds and operates data centres packed with GPUs and offers access plus specialised software to AI and enterprise customers. It positions itself as a neocloud provider supplying AI compute at scale and has secured multi-billion-dollar contracts with Meta and Microsoft. In May it acquired Eigen for about $643m in cash and stock to improve performance of open-source AI models. To finance further expansion, Nebius is issuing $4.5bn of convertible notes, earmarked for data-centre build-out, AI cloud investment and GPU purchases. The deal structure comprises two tranches due in 2030 and 2034, reflecting significant near- and medium-term capital needs.