# Dust

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dust

- Industry: Software
- Headquarters: Paris, France
- Website: www.dust.tt/
- Total disclosed funding: $61M
- Latest round: Series B (May 18, 2026)
- Investors on record: 15

## About

Based in Paris, France, and founded in 2023 by co-founders Gabriel Hubert (CEO) and Stanislas Polu. Permutation Labs, doing business as Dust, offers a platform that empowers organizations to harness the potential of large language models (LLMs) through customizable and secure AI assistants. In May 2026, Dust raised USD 40 million in series B funding co-led by Sequoia and Abstract, with participation from Datadog, Inc., Snowflake Ventures, Wing, Aglae Ventures, Seedcamp, XYZ Ventures and with other individual investors.

The company offers a platform that provides access to large language models (LLM), including OpenAI's GPT-3.5 and Anthropic's Claude. Users can select models that align with their specific needs and budgetary considerations. The platform empowers users to design and customize AI assistants tailored to address specific tasks and workflows within organizations for a streamlined work environment. In addition, the software seamlessly integrates with various internal data sources, such as Notion, Slack, and Google Drive. This allows assistants to access and leverage valuable company information, provide insightful responses, and complete tasks effectively. Dust prioritizes data security and user access control. Administrators can leverage granular permission systems to manage user roles and permissions within the platform, ensuring data integrity and appropriate access levels.

The company generates revenue through its monthly subscription, which costs EUR 29 per month per user. The company plans to use the May 2026 funding for enterprise artificial intelligence platform development, collaboration feature expansion, and its operations.

## Funding rounds

- Series B, May 18, 2026, $40M — Sequoia, Aglae Ventures, Seedcamp, Datadog, Inc., Wing, XYZ Ventures, Snowflake Ventures, Abstract
- Series A, Jun 27, 2024, $16M — Hong Shan, Seedcamp, Connect Ventures, XYZ Ventures, Motier Ventures, GG1
- Seed, Jun 27, 2023, $5.5M — Hong Shan, Seedcamp, Connect Ventures, XYZ Ventures, Tiny Super Computer Investment Company, Prototype Capital, Motier Ventures, AI Grant Fund, GG1

## Investors

- Hong Shan — Seed, Series A
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A, Series B
- Connect Ventures — Seed, Series A
- XYZ Ventures (https://capitalatlas.ai/funds/xyz-ventures) — Seed, Series A, Series B
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Prototype Capital — Seed
- Motier Ventures — Seed, Series A
- AI Grant Fund — Seed
- GG1 — Seed, Series A
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series B
- Aglae Ventures (https://capitalatlas.ai/funds/aglae-ventures) — Series B
- Datadog, Inc. — Series B
- Wing (https://capitalatlas.ai/funds/wing) — Series B
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series B
- Abstract (https://capitalatlas.ai/funds/abstract) — Series B