Sycamore Labs, a Palo Alto-based AI startup founded by ex-Atlassian CTO Sri Viswanath, has successfully raised $65 million in a seed round to develop its “trusted agent operating system” for enterprise AI. The investment round was led by Coatue and Lightspeed Venture Partners, alongside participation from Abstract Ventures, Dell Technologies Capital, 8VC, Fellows Fund, and E14 Fund.

Summary of transaction details:

• Deal Type: Seed
• Transaction Amount: $65,000,000
• Company Headquarters: Palo Alto, California
• Founder: Sri Viswanath
• Notable Investors: Coatue, Lightspeed Venture Partners, Abstract Ventures, Dell Technologies Capital, 8VC, Fellows Fund, E14 Fund, Ali Ghodsi, Bob McGrew, Lip-Bu Tan, BJ Jenkins, Francois Chollet

Sycamore Labs aims to scale its engineering team and transition its platform toward production with the newly acquired funds. The company benefits from the experience of its founder, Sri Viswanath, and the backing of high-profile industry leaders. The raised capital will support their ambitious growth plans, with contributions from prominent investors such as the CEOs of Databricks and Intel, and the former chief scientist of OpenAI.