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Venture Capital News: Distyl Nabs $20M Series A Financing Round

2024-11-19
SAN FRANCISCO, CA, Distyl has raised $20 million in Series A funding to supercharge its growth and to meet the accelerating demand from its Fortune 100 customers.
This round adds Lightspeed Venture Partners, who led the round, and Khosla Ventures, early investors in OpenAI. Existing investors Coatue, Dell Technologies Capital and Nat Friedman also joined, along with strategic and angel investors. This funding will accelerate Distyl's efforts to build the best-in-class AI engineering and research team to meet increasing customer demand.

Distyl partners with Fortune 500 companies to drive $100M+ mission-critical initiatives through AI-powered automation of their core operations. In collaboration with OpenAI on their top accounts, they deliver transformative outcomes, already impacting F50s in telecom, manufacturing, healthcare and retail.
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