# Poolside

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.poolside.ai/
- Total disclosed funding: $626M
- Latest round: Series B (Aug 1, 2024)
- Investors on record: 21

## About

Based in the US, Poolside, Inc. operates as a developer of advanced Foundation Models and software agents for enterprise applications, enhancing operational capabilities through AI-driven solutions.Poolside, Inc. specializes in creating advanced AI solutions for enterprises, focusing on Foundation Models and software agents. Founded in 2023 in San Francisco, US, the company has completed 4 deals to date. It raised USD 500 mn in Series B funding in August 2024, led by Bain Capital with participation from various investors. The company is presided over by CEO Jason Warner, who has a history of leadership in technology ventures.Poolside specializes in the development of advanced Foundation Models and software agents intended for enterprise applications. Their core offerings aim to enhance organizational capabilities by facilitating complex reasoning, multi-step planning, and integration across diverse environments, including multi-cloud and legacy systems. These models are tailored for high-consequence environments, ensuring that enterprises can leverage AI to improve operational efficiency and drive innovation. Poolside's clientele primarily includes large enterprises across various industries that require secure, customized solutions to manage their data and workflows effectively. The technology is deployed in various global markets, including North America, Europe, and Asia, where businesses seek to integrate sophisticated AI into their existing workflows without disrupting their current systems.Poolside generates revenue through strategic partnerships and subscription-based models, offering its services directly to enterprises. The company's transaction structure involves long-term agreements with clients, where they co-design solutions and share responsibility for outcomes, ensuring that the implementations are aligned with specific business objectives. The pricing plans are structured around the deployment of Foundation Models and associated software agents, which may involve tailored pricing depending on the scale and complexity of the client's requirements. By embedding Forward Deployed Research Engineers within client teams, Poolside emphasizes a collaborative approach that enhances the adoption and effectiveness of their technology, thereby fostering long-term relationships and sustained revenue growth.In August 2024, Poolside, Inc. raised USD 500 mn in Series B funding, which will be utilized to enhance its artificial intelligence training capabilities and expand its applied research and engineering team. The company plans to introduce new products designed to further integrate AI into enterprise workflows. Additionally, Poolside aims to expand its operations into new geographic regions, specifically targeting markets in Europe and Asia by 2025.

## Funding rounds

- Series B, Aug 1, 2024, $500M — Adams Street Partners, Schroders Capital, Redpoint Ventures, Bain Capital, StepStone, Premji Invest, Dorsal Capital Management, NVIDIA Corporation, Felicis Ventures, Citi Ventures, Capital One Ventures, 7GC, Fin Capital, LG Technology Ventures, HSBC Ventures, BAM Elevate, eBay Ventures
- Series A, Aug 24, 2023, $100M — Redpoint Ventures, Felicis Ventures, Frst Capital, Bpifrance Investissement, New Wave, Motier Ventures
- Seed, May 25, 2023, $26M — Redpoint Ventures, Bain Capital

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed, Series A, Series B
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B
- Frst Capital (https://capitalatlas.ai/funds/frst-capital) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A
- New Wave (https://capitalatlas.ai/funds/new-wave) — Series A
- Motier Ventures — Series A
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series B
- Schroders Capital (https://capitalatlas.ai/funds/schroders-capital) — Series B
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series B
- Premji Invest — Series B
- Dorsal Capital Management — Series B
- NVIDIA Corporation — Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series B
- 7GC (https://capitalatlas.ai/funds/7gc) — Series B
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series B
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series B
- HSBC Ventures (https://capitalatlas.ai/funds/hsbc-ventures) — Series B
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series B
- eBay Ventures (https://capitalatlas.ai/funds/ebay-ventures) — Series B