Multiplayer AI startup Dust raises $40M to help enterprises move beyond isolated AI assistants

Dust, an agentic artificial intelligence startup that’s trying to push enterprise workers away from isolated chatbots into a more collaborative, multiplayer ecosystem, said today it has raised $40 million in a Series B round of funding.

Today’s round was led by Abstract and Sequoia Capital and saw participation from two of the technology industry’s biggest data powerhouses – Snowflake Inc. and Datadog Inc. It brings the company’s total amount raised so far to more than $60 million.

Dust, officially known as Permutation Labs SAS, believes that most enterprises today are stuck playing a “single-player” game, with each employee using various different chatbots, copilots and AI assistants that operate in siloes. There’s very little collaboration going on in terms of the actual AI agents being deployed across organizations. So, when an employee prompts a chatbot for insights on a particular customer, for example, whatever it digs up will likely stay within that individual’s private chat window. The context is never shared, creating a fragmented environment that leads to work being duplicated and a failure of organizational knowledge to compound.