Distyl AI, a startup that aims to help Fortune 500 companies become “AI-native,” has raised $175 million in a Series B funding round at a $1.8 billion valuation.
Khosla Ventures and Lightspeed Venture Partners led the round, with Coatue, Dell Technologies Capital and DST Global also participating in the financing, bringing the San Francisco-based startup’s total raised since its 2022 inception to just over $200 million, per Crunchbase data. That’s a massive jump from the $200 million it was valued at last November when it raised a $20 million Series A led by Lightspeed.
Distyl AI says it works with companies in a variety of sectors, including healthcare, telecommunications, insurance, manufacturing and financial services.
“The companies that win in the AI era are those that are willing to reimagine how they operate, not just what tools they use,” said Arjun Prakash, CEO of Distyl AI, in a written statement. “AI is forcing enterprises to move beyond silos. … Our belief is that the next chapter of AI leadership won’t be won by the models alone, but by operationalizing AI at scale in enterprises and transforming how they work.”
While Distyl did not disclose exact figures, it says it grew revenue by 5x in 2024 and is on track to grow it by 8x in 2025, adding that it has reached over 120 million end users since its inception.
The company was founded by Prakash and Derek Ho, both of whom previously worked at Palantir Technologies.
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Illustration: Dom Guzman
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