Dust is currently generating $1 million in annual recurring revenue, with late-stage tech companies such as Watershed, Alan, Qonto, Pennylane, and PayFit using it extensively. The startup also offers an API for creating custom connectors or integrating Dust assistants into other tools. Dust does not create its own foundation model but allows users to choose the large language model they want to use for their assistant. It has integrations with OpenAI, Anthropic, Mistral, and Google for its Gemini models.
Key takeaways:
- French startup Dust has raised a $16 million Series A funding round led by Sequoia Capital. The company allows businesses to create custom AI assistants that are connected to their data and documents.
- Dust believes that companies should have several AI assistants, each designed to perform a certain set of tasks and solve common problems that a specific team is facing.
- The startup currently generates $1 million in annual recurring revenue, with late-stage tech companies such as Watershed, Alan, Qonto, Pennylane, and PayFit using its services intensively.
- Dust has integrations with OpenAI (GPT), Anthropic (Claude), Mistral, and Google for its Gemini models, allowing users to choose the large language model they want to use for their assistant.