Led · Series E · Mar 2026

Headquartered in San Jose, CA, Ayar Labs builds co-packaged optics that move data between chips with light instead of copper, reducing power consumption while boosting bandwidth for AI infrastructure. Its flagship TeraPHY optical engine is manufactured in concert with leading semiconductor partners and is designed to slot directly into existing accelerator and switch designs. By replacing traditional electrical I/O with optical links, the technology delivers significant performance gains and cost savings in power-constrained environments. Following its latest financing, the company plans to ramp production and testing capacity, open and staff a new office in Hsinchu, Taiwan, and deepen ecosystem partnerships to speed customer deployments. Ayar Labs’ CPO solution is already qualified for industry-standard fab, manufacturing, and packaging flows, positioning it for broad adoption. The company has raised a cumulative $870 million to date, providing substantial capital to execute its global expansion and commercialization roadmap.

Participated · Series E · Feb 2026

Founded in 2016, Vestwell delivers a unified, modern savings infrastructure that integrates with payroll providers, benefits platforms, financial institutions, advisors and government agencies. Its cloud platform supports over 2 million active savers and administers more than $50 billion in assets, generating in excess of $200 million in annual recurring revenue while operating profitably. The company’s technology embeds savings at the point income is earned, offers multilingual experiences in 20+ languages, and is expanding AI-driven guidance and administration to personalize user interactions. Recent product extensions include workplace emergency savings, college savings, student-debt solutions, and ABLE accounts, all delivered through the same architecture. Vestwell is also rolling out more sophisticated, professionally managed investment options that tailor portfolios to long-term retirement income goals. Future plans center on broadening distribution channels, deepening AI-native capabilities, and expanding beyond retirement to close America’s $50 trillion savings gap.

Participated · Series L · Feb 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 · Equity · Dec 2025

Founded in 2018, Homebound digitizes the entire home-building process, allowing customers in markets such as Denver, Dallas, and Houston to choose a lot, floor plan, and finishes online and then check out as easily as buying any other e-commerce product. The platform creates a real-time 'digital twin' of each house, giving buyers progress updates and AI-driven inspection reports while enabling precise materials ordering that reduces waste. Behind the scenes, Homebound’s supply-chain software replaces the traditional, error-prone lumber-yard estimates with exact bills of materials. Since its $75 million Series C in 2022, the company has secured an additional $400 million—$100 million in operating-company equity and $300 million in real-estate capital—to scale its model. Backers include Goldman Sachs, Magnetar, Thrive Capital, Khosla Ventures, GV, Fifth Wall, Atomic, Forerunner, Neuberger Berman, and Bridgepoint. CEO and co-founder Nikki Pechet says Homebound aims to open its end-to-end platform to third-party builders and ultimately compete with the nation’s largest homebuilders. Management projects the business will reach profitability by the end of 2026, positioning the company to become the “Amazon of homes.”

Led · Debt Financing · Dec 2025

PayJoy is a San Francisco–based credit provider that leverages proprietary secured-credit technology to extend financing to underserved consumers in emerging markets. Its platform combines machine learning, data science, and anti-fraud AI to underwrite and manage point-of-sale loans and revolving credit lines, enabling first-time borrowers to build formal credit histories. To date, the company has originated more than $3.5 billion in loans to over 17 million people and now employs over 1,000 staff worldwide. PayJoy’s core offerings include smartphone-secured installment financing and a growing credit card product tailored for low-and-middle-income customers. The firm plans to deepen its presence across Latin America, Africa, and Asia while expanding into new product categories. Capital from its latest raise will fund geographic rollouts, product development, and further investment in its point-of-sale and credit card platforms.