Greylock Partners announced a $1 billion commitment to its new Greylock 17 fund which will invest in Pre-Seed, Seed, and Series A founders in enterprise and consumer software. The fund’s vertical focus will include fintech and crypto, along with cybersecurity, infrastructure, SaaS, marketplaces and commerce. Greylock believes that someday every company will be an AI company, but for now is allocating to the first movers who fit what they call an “AI-first” profile. The firm’s approach involves close-knit teamwork, hands-on support from inception to scaling, and a strong track record of successful partnerships with iconic entrepreneurs like Airbnb, AppDynamics, LinkedIn, Meta, Palo Alto Networks, Okta, Pure Storage, Sumo Logic and Workday.
A $1 Billion Commitment to Day One
