Greylock

We - Greylock - have a long history of partnering with founders starting at day one through IPO. We are excited to share new steps in that effort: 1/ Fund 17, our newest $1B early-stage fund focused on Pre-Seed, Seed, and Series A founders in enterprise & consumer software - specifically AI-first companies across Cyber, Infra, SaaS, Consumer, Marketplaces & Commerce, and Fintech & Crypto. 2/ Edge, a bespoke program to help founders initiate new companies by harnessing the full potential of Greylock’s resources & expertise. Our team works directly with founders to brainstorm & iterate foundational decisions with fully flexible financing options. (visit greylock.com/edge for more info) We are privileged to be early partners to Airbnb, AppDynamics, LinkedIn, Meta, Palo Alto Networks, Okta, Workday and more recently, Abnormal Security, Cato Networks, Discord, Figma, Lyra Health and Rubrik. We can't wait to help the next gen of founders go from idea to iconic.

For the second conversation in a series featuring the viewpoints of CIOs and CTOs at the world’s leading companies on their AI journeys and value the technology will bring to their organizations, we take a look at the healthcare sector. Greylock Partner Asheem Chandna chats with Medtronic CIO Rashmi Kumar on ways Medtronic uses AI today, how she hopes to deploy it in the coming years, how the company thinks about R&D verse partnerships with both large enterprises and startups, and more. Rashmi notes, "The biggest opportunity we have is ushering in a mindset shift, helping people truly understand that AI is the future. It provides us with a chance to redefine our roles by learning new skills and training ourselves in different ways." Read more: https://bit.ly/3DrT9vG

Huge congrats to the Abnormal Security team for this well-deserved recognition 👏 We - at Greylock- are proud supporters of Abnormal’s efforts to protect people with AI since day one.

In today's newsletter, we highlight the second conversation in a series of interviews with CIOs and CTOs at the world’s leading companies. Greylock Partner Asheem Chandna chats with Medtronic CIO Rashmi Kumar on AI and the healthcare sector. Rashmi shares ways Medtronic uses AI today, how she hopes to deploy it in the coming years, how the company thinks about R&D verse partnerships, and more.

We’re excited to announce Coda’s next chapter: Coda has entered into an acquisition agreement with Grammarly! With Coda CEO Shishir Mehrotra taking over as CEO of the newly combined company, we’re looking forward to building the AI-native suite of the future, including: 🧠Adding the context of Coda Brain to Grammarly’s AI assistant 🧠 Unifying Coda docs with Grammarly Assistant 🧠 Combining your company’s knowledge, generative AI chat features, a full productivity suite, and hundreds of agents into one tool to help you work smarter. Full details in our blog post: https://bit.ly/3P1rCUA

The latest AI investment trends from a VC’s perspective 🤖 At #reInvent, #theCUBE details on the current market for AI investments in an exclusive with Jerry Chen, general partner at Greylock. “We're always trying to be the first mighty in seed series A. We want to back the founders right when they leave the companies or come out of school and they have this kind of crazy idea… Every VC that is going to talk about valuations all the time won't touch that with the 10-foot pole because it's never going to be the right price until it is a $100 billion company,” Chen shares. “We saw a whole bunch of folks invest in native mobile experiences like Instagram in the cloud. It's not really a platform shift yet because the way you consume software is still the same. We're playing around with wearables and glasses and goggles, but the way you consume software is still the same,” he adds, comparing today’s AI market to the early days of cloud-native investment trends. 📰 Learn more: https://lnkd.in/dsqfw4Ut John Furrier #EnterpriseTech #AIinvestment #StartupTrends #MarketInsights

🌶️ Now Hiring: Pepper 🌶️ Do you want to help independent food distributors compete with the giants? Pepper is a Series B company that offers a GTM platform for distributors and manufacturers to power eCommerce, digital advertising, and more. Check out this featured open role at the company: Account Executive - Distributor Sales: https://lnkd.in/gUE3_RK4 Introduce yourself: We help talented engineers, designers, sales, and product leaders join the next iconic tech companies. If you are interested in joining an early stage Greylock-backed startup now, or just want to connect for future opportunities, we would love to hear from you. Connect with us: https://greylock.com/jobs

Today's newsletter features the story of Pepper, which has become a critical component of how independent food distributors can compete and thrive in an industry dominated by giants. But unlike other tech companies trying to build in the space, Pepper took a different approach. First, they assembled a team that had both technical expertise and those who truly understood the foodservice industry. And second, the team spent months working with potential customers, understanding all the operational details that would need to be accommodated in Pepper’s software. Pepper Co-founder and CEO Bowie Cheung reflects, "owning this capability and making it a core competency was key to our success." Read on for more 👇

Last week at Amazon Web Services (AWS) re:invent, Resolve AI, in partnership with Greylock, hosted an event on how Agentic AI is accelerating Software Engineering. The event brought together an exceptional group of engineering leaders from companies such as Amazon Web Services (AWS), NVIDIA, Blend, Opendoor, Automation Anywhere, Coinbase, Genesys, Guidewire Software, ISS A/S, Rubrik, Sierra, Splunk, and more. The discussions reaffirmed that we are at the cusp of a transformative era in software engineering, driven by AI. Here are a few key takeaways: From coding co-pilots to coding agents: Code auto-completion is widely adopted, but how far will Agentic AI take us? Will IDEs even exist 1-2 years from now? "10 years of running software for every 2 years of building" this is a quote from one of the attendees. The insight is that no matter how much we accelerate coding, we won’t go much faster unless software operations – such as incident troubleshooting and remediation – are also highly automated. Agentic AI skepticism is fading: Earlier this year, discussions focused on skepticism about whether Agentic AI could handle developer or SRE tasks. Now, the focus has shifted to how fast it will happen. Thanks to Chris Bailey, Manoj Thakkar, Nikos Anerousis, Kal Patel, Dinesh Sukhija, Ramana Lokanathan, Svetlana Zavelskaya, Angelo Marletta, Douglas A., Ippokratis Pandis, Raja Mukhopadhyay, Pascal Lapoirie, Adam Gee, Kevin Gao, Marcel Berneaud and Erik Wrobel for joining and participating in the discussion. A special thank you to Corinne Marie Riley and Greylock for partnering with us to make this event a success. The next one is going to be in SF in January. If you are interested to join please DM me.

Exciting launch from Cato Networks today 👇