Paris- and SF-based enterprise AI platform Dust has closed a $40M Series B co-led by Abstract and Sequoia, with Snowflake and Datadog participating, bringing total funding past $60M. The round follows a $16M Series A in June 2024 and will accelerate what the company calls 'multiplayer AI': a shared workspace where employees and agents draw from the same projects, files, and data — governed centrally — rather than the isolated, session-by-session copilot model dominant today.
Dust reports 3,000+ customer organisations, 41,000 monthly active users as of April, 300,000+ deployed agents, and 70% weekly active usage — with zero customer churn in 2025. Notable customer case studies cite 400+ hours saved per week at Vanta and ~50,000 hours per year at European fintech Qonto. Co-founders Gabriel Hubert and Stanislas Polu (ex-OpenAI mathematical reasoning team, ex-Stripe via TOTEMS acquisition) are betting enterprises want agent leverage on top of existing headcount rather than headcount replacement — a direct counter-positioning to Klarna-style AI substitution narratives.