In three years, Dust has gone from a founders’ conviction to a platform used by 3,000 organisations worldwide. The 40 million dollar Series B announced in May 2026 raises a simple question: what comes next?
Analysis by the experts at Auris Finance, advisors in mergers, acquisitions and financial engineering.
Dust has announced a 40 million dollar Series B led by Abstract and Sequoia, with the participation of Snowflake Ventures and Datadog. This round brings the total raised by the company to more than 60 million dollars since its creation.
Sequoia, already a shareholder from the very first round, is doubling down. Snowflake Ventures and Datadog, two major players in enterprise data infrastructure, are entering the capital. This is no accident: Dust slots naturally into their client ecosystems. Their presence is as much a strategic signal as a financial investment, and that type of signal does not lie.
Founders who know the road
Dust was founded by Gabriel Hubert and Stanislas Polu, who met at Stanford in 2007. They had already co-founded TOTEMS, a data analytics company acquired by Stripe in 2014, before spending five years there. Stanislas Polu then joined OpenAI as a research engineer, co-authoring work on AI reasoning with Ilya Sutskever, while Gabriel Hubert became Chief Product Officer at Alan.
This track record is not incidental. It explains why Dust has not built yet another AI assistant. In September 2022, Stanislas Polu left OpenAI with a precise conviction: the models are already powerful enough to transform companies, but they are under-deployed because the product layer is missing. That is the layer Dust has set out to build.
A clear value proposition in a saturated market
Most AI tools deployed in companies remain confined to individual productivity. A person asks an assistant a question, gets an answer, and the context disappears into a private chat window. The result is real productivity at the individual level, with very limited compounding effects across teams.
It is precisely this limitation that Dust intends to overcome. Its platform allows companies to create AI agents connected to their internal tools such as Slack, Notion, Gmail, HubSpot or Google Drive, which collaborate across the entire organisation, with shared access to the same data and the same processes. Gabriel Hubert, co-founder and CEO, sums up the ambition: “What will transform the way we work is a system that gives humans and agents shared, governed access to the same information and capabilities, so that they become genuine collaborators.”
The US push, a decisive next step
With this fundraising, Dust plans to step up its research and development investments and accelerate its expansion in the United States, a market where the largest budgets and potential industrial buyers are concentrated. That is where the next chapter will be played out, and where the question of what comes next will be raised in a few years: a new growth round, an industrial partnership or an IPO.
The potential value of deals targeting enterprise AI platforms rose by 256% in 2025, making AI the leading driver of transactions in the technology sector. In this context, players able to demonstrate genuine traction stand out clearly. Dust ticks those boxes. Strategic preparation for the next step starts now.
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