Dust

Dust

Platform for developing and managing LLM applications

About Dust

Simplify's Rating
Why Dust is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$21.4M

Headquarters

Paris, France

Founded

2023

Overview

Dust provides a platform for developers to create, deploy, and manage applications that utilize Large Language Models (LLMs). The Dust Developer Platform includes tools like Core Blocks and Integration Blocks, which are modular components that help developers build their applications more easily. It also offers APIs that allow developers to connect their apps with various data sources, enhancing functionality. Dust operates on a subscription-based model, charging clients for access to its platform and offering additional paid services such as premium support and custom integrations. This approach allows Dust to serve a wide range of clients, from individual developers to large enterprises, while ensuring a steady revenue stream. The company's goal is to simplify the development of LLM applications and support its clients in integrating advanced AI capabilities into their products.

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Funded Recently
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Simplify's Take

What believers are saying

  • Dust recently secured $16M in Series A funding, showing strong investor confidence.
  • The platform has reached $1M in annual recurring revenue with high user engagement.
  • Dust benefits from being part of the growing AI hub in France.

What critics are saying

  • Emerging competitors like Langdock offer solutions to avoid vendor lock-in with LLMs.
  • Rapid growth of AI startups in France may increase competition for talent.
  • The competitive funding environment could impact Dust's ability to secure future investments.

What makes Dust unique

  • Dust offers modular AI components like Core Blocks for customizable app development.
  • The platform supports multiple specialized AI assistants for different team needs.
  • Dust provides APIs for seamless integration and extension of app functionalities.

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Funding

Total Funding

$21.4M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$16.5M
Dust
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

↓ -4%

1 year growth

↑ 2%

2 year growth

↓ -4%
StartUp Online
Aug 16th, 2024
Mutatjuk Az Openai Alumni Európai Projektjeit, Amikre Érdemes Figyelni

Automatizált precíziós alkatrészeket gyártó startupot, az AI-megoldások biztonságos használatát és AI-asszisztenseket bevezető céget, sőt, még egy főzni tudó robotot is megalkottak az egykori OpenAI-alkalmazottak.Amint arra Kerek István AI üzletfejlesztési szakértő és a ChatGPT magyarul Facebook-csoport alapítója korábban rámutatott: az OpenAI hatalmas előrelépést jelentett a mesterséges intelligencia történetében azzal, hogy 2022-ben a ChatGPT 3.5-ös szériájával elérhetővé tette az AI-t a széles tömegek számára is, és radikálisan lecsökkentette a technológia használatához szükséges belépési szintet.Az, hogy mekkora lehetőség van a mesterséges intelligenciába, és azon belül is most már a generatív AI-ba, a befektetői oldal is visszaigazolja:a Dealroom adatai szerint 2022-23 között a generatív mesterséges intelligenciába való befektetési összeg globálisan megsokszorozódott a korábbi évekhez képest, és elérte a 25 milliárd dollárt.Maga az OpenAI mint a ChatGPT megalkotója és a generatív AI egyik zászlóshajója a 2015-ös alapítása óta már 69 befektetőt győzött meg arról, hogy érdemes beléjük tőkét invesztálni, köztük a Microsoftot, ami elképesztő méretű, 10 milliárd dolláros befektetéssel szállt be a cégbe. Mindeközben a globális vállalat most már közel háromezer főt foglalkoztat,cégértékelése pedig elérte a 90 milliárd dollárt is. Az AI-vonat pedig nem áll meg: az OpenAI legújabb, GPT-4o modelljének mobilapplikációja idén júliusban rekord hónapot hozott: a nettó bevétel 28 millió dollár volt.Ilyen eredmények után érdemes figyelemmel kísérni az OpenAI alumni tevékenységét: a Sifted szedte össze azokat az egykori OpenAI alkalmazottakat, akik Európában kezdtek bele új projektbe, miután eltávoztak az amerikai vállalattól. (Azokkal nem foglalkoztak, akik gyakornokként vagy szabadúszóként jelentek meg az OpenAI-ban.)Jonas Schneider projektje, a DaedalusA németországi Karlsruhei Technológiai Intézetben informatikus végzettséget szerző Jonas Schneider az OpenAI egyik első mérnöke volt. 2016 áprilisától 2019 augusztusáig társalapítója és vezetője volt a vállalat robotikai csapatának, amely a gépi tanulás és a mesterséges intelligencia kutatását fejlesztette úgy, hogy a gépek interakcióba tudjanak lépni a fizikai világgal. Ennek eredményeképp alkottak meg egy robotkezet, ami képes volt a Rubik-kocka kirakására, és más tárgyakkal is fizikai interakcióba tudott lépni.Jonas Schneider a kép jobb oldalán, fehér pulcsiban új projektje, a Daedalust munkatársai körében

Silicon Canals
Jun 28th, 2024
Paris-Based Custom Ai Assistants Platform Dust Secures €14.9M From Sequoia, Seedcamp, Others

Paris-based Dust, a startup building custom AI assistants to speed up work, announced that it has secured $16M (nearly €14.95M) in a fresh round of funding led by Sequoia with participation from investors like XYZ, GG1, Connect Ventures, Seedcamp, and Motier Ventures.The Dust platform has also reached a milestone of $1M in annual recurring revenue (ARR), boasting an engagement metric with 70 per cent weekly active users (WAU) to monthly active users (MAU), comparable to platforms like Slack.What is Dust trying to solve?According to Dust, recruiters seek AI assistants to draft job descriptions and review candidate cover letters. Engineers need assistants who understand the company’s codebase and can help resolve incidents using the latest runbooks.Sales teams want personalised meeting transcripts linked to Salesforce accounts and updated objection handling battle cards. Sales operations require assistants to generate SQL queries independently of the analytics team. Dust’s mission is to get work to work better.Founded in February 2023, Dust’s platform lets teams design and deploy specialised AI assistants with context on the company’s knowledge.It leverages “leading” models from Anthropic, Google, OpenAI, and Mistral to create practical tools for recruiters, engineers, sales teams, and sales operations, enabling them to perform specialised tasks and streamline workflows.- A message from our partner -Stanislas Polu, co-founder of Dust, says, “As a “GenAI native” company, we believe in highly focused assistants that can act as practical tools, not just general-purpose question-answering gadgets.”The company helps teams deploy tailored AI assistants, ready for internal sharing, while supporting a unified platform to manage costs, limit security dependencies, and accelerate value creation, addressing concerns about security risks and internal knowledge silos.Co-founder Polu, adds, “One platform for all, but not one-size-fits-all assistants” has allowed us to see strong and sustained adoption at hundreds of fast-moving customers, including teams like Watershed, Alan, Qonto, and Pennylane. We’ve learned with our customers that a team of AI assistants excelling at specific tasks outperforms a single assistant attempting many tasks poorly.”“We’ve also found that a unified platform for designing and hosting these assistants accelerates company-wide deployment, spanning the numerous functions poised to benefit from generative AI’s productivity gains.”“70% of monthly active Dust users are active weekly, a figure that’s on par with amazing tools like Slack and underlines Dust’s ability to become a core part of recurring workflows.”

Tech Funding News
Jun 27th, 2024
OpenAI alumni grabs $16M to develop enterprise AI assistants — TFN

French startup Dust has raised a $16 million Series A funding round led by Sequoia Capital.

TechCrunch
Jun 27th, 2024
Dust raises $16M for enterprise AI assistants

French startup Dust has raised a $16 million Series A funding round led by Sequoia Capital. Dust enables companies to create custom AI assistants connected to internal data sources like Notion, Google Drive, Intercom, and Slack. Unlike other enterprise AI tools, Dust advocates for multiple specialized assistants for different teams, such as support, HR, engineering, and sales, enhancing efficiency and productivity. The company also offers an API for custom integrations.

BNN Bloomberg
Jun 27th, 2024
Sequoia Leads Fundraising In Dust, French AI Startup From Ex-OpenAI Scientist

(Bloomberg) - Sequoia Capital is leading a $16 million investment in Dust, a French startup building customized AI bots for companies.

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