Sycamore, a Palo Alto, CA-based company developing a system for autonomous enterprise AI, has raised $65 million in seed funding led by Coatue and Lightspeed Venture Partners.
The round also saw participation from Abstract Ventures, Dell Technologies Capital, 8VC, Fellows Fund, E14 Fund, and a group of angel investors.
The company plans to use the funds to grow its engineering and AI teams, expand enterprise projects, and support R&D on trust systems, memory, and multi-agent coordination.
AI agents are the next major platform shift in enterprise computing: while models can now reason and act, enterprises often lack the infrastructure to use them safely at scale. Sycamore is building that foundation and is already working with Fortune 500 companies to deploy autonomous AI agents.
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Sycamore offers a complete platform for enterprise AI, covering discovery, building, deployment, monitoring, and evolution.
- Built-in trust: Agents gain autonomy as they prove reliable, moving from observation to action. Every operation is secure, auditable, and controlled from the start.
- Smart system creation: Users explain their goals in natural language, and Sycamore generates ready-to-use systems, including apps, integrations, and agents, customized for the enterprise.
- Ongoing learning: Agents improve over time by learning from results and preserving organizational knowledge across deployments.
- Team intelligence: Sycamore connects data, workflows, and expertise across teams, enabling coordinated work among multiple agents.
“Sri is one of the few founders who has built enterprise platforms at a global scale. Sycamore sits where AI adoption meets agent security, and we believe this team is uniquely positioned to lead the category,” said Raviraj Jain, Partner at Lightspeed Venture Partners.
“AI agents are part of every boardroom discussion today, but the platform to support them doesn’t exist yet. Enterprises need trust and governance before autonomy can scale. At Coatue, we call this a Big F Idea (BFI) because it can grow the whole market. We see Sycamore as that foundational platform,” said Thomas Laffont, Co-founder of Coatue.
“Today, enterprise systems are built for humans to do the work. The next generation will be autonomous, continuously learning, and adaptive. Sycamore is building the operating system for that future, grounded in trust, security, and control,” said Sri Viswanath, Founder and CEO of Sycamore.
Sri Viswanath has over 20 years of experience building enterprise platforms at a global scale. He has worked at Sun Microsystems and VMware, and served as CTO at Groupon and Atlassian, where he led their move to the cloud. Later, as an investor at Coatue, he saw how fast companies were adopting AI and how much they needed systems to manage and secure it. This led him to start Sycamore, aiming to build an operating system for autonomous enterprise AI.
About Sycamore
Founded by Sri Viswanath, former CTO of Atlassian, Sycamore is building a trusted operating system for autonomous enterprise AI that helps organizations create, deploy, and manage AI agents with strong security, governance, and human oversight, while continuously improving by learning from organizational data; its team includes researchers from Stanford University and Cornell University, along with engineers from Meta, Google, Atlassian, and other leading tech firms, and the company is based in Palo Alto while actively hiring across engineering, applied AI, security, and infrastructure.
About Coatue
Coatue is a global technology investment firm managing over $70 billion in assets. Its team of investors, technologists and data scientists invests in both public and private markets using different strategies. The firm is known for its research-driven approach and for supporting companies that are shaping the future of technology.
About Lightspeed
Lightspeed is a global venture capital firm that invests at different stages and manages over $40 billion in assets. Founded in 2000, it has been an early investor in many innovative companies such as Abridge, Anthropic, Anduril, Databricks, Mistral, Snap, Wiz, and others.
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