Andy McLoughlin

Today marks Uncork Capital's 21st 🎂 That would usually be reason enough to celebrate but I'm also delighted to announce that we've raised $300M in new funds to back the founders building the next generation of category-defining companies 🚀 medium.com/uncorkcapital/…

Obligatory "I spoke on the big stage at Web Summit" photos

Had a lot of fun (really, actually) chatting with @kentlind on the Something Ventured podcast. We cover a lot of ground: the early days of seed investing (featuring folks like @jeff, @m2jr, @joshk et al), the state of seed today, Silicon Valley's "British invasion" (Kent's words, not mine), the great charitable work being done by Founders Pledge, San Francisco's resurgence (powered in no small part by @GrowSF), and - of course - AI. Lots about AI. somethingventured.us/uncork-capital…

Everything Also In French is one of my favorite things about visiting Canada

@TurnerNovak Is it the guy from Flybridge who became “the person on twitter” today

He’s on the fifth call with us and has spent 40 hours fulfilling data requests. Now reveal that we don’t lead rounds but would love to take a look if he finds a lead.

Every AI founder has the Claude Spookies right now. Will Claude’s next release kill our product? I studied the fastest-growing vertical AI companies (e.g. Cursor, Sierra, Legora) to uncover the 3 moats that actually hold. In February 2026, one Anthropic update made Ryze AI, a startup with a 70% deal close rate, irrelevant overnight. The founder posted "Claude killed my startup." Every founder felt it. The week Anthropic released Cowork, $1 trillion of value was wiped from the stock market. Last week, Anthropic released 10 finance agent templates and FactSet dropped 8.1% the same day With OpenAI re-entering enterprise, model providers will keep moving up the stack as competition heats up. At the same time, vertical AI companies are growing at insane rates. @cursor_ai added $1B in ARR in a single quarter (Coding). @WeAreLegora hit $100M ARR in 18 months and @evenuplaw 4X'ed revenue to $100M+ (Legal). Abridge went from $8M to $117M ARR in 15 months (Healthcare). @SierraPlatform hit $150M in 2 years (Customer service). These companies share 3 moats that make customers choose them over Claude: 1. Proprietary data loops that compound Abridge is built on 50M+ clinical conversations. EvenUp built a proprietary settlement database of 200K+ cases and millions of medical records. Clay has a data marketplace that's needed despite LLMs commoditizing outbound. Sierra's Journeys codify each customer's voice, procedures, & brand that compound over time. These data investments are too fringe for LLMs, but they matter to busy customers who need time to value. 2. UX is built for the customer’s workflow Abridge saves physicians 2 hours a day, because it lives inside Epic's native interface. Legora lives inside Word and Outlook, where lawyers already work. Its tabular view makes bulk actions like reviewing 500 customer contracts during an M&A deal easy. Cursor is so good at embedding into the org's workflows and context, making it easy to go from feedback to PRs. The workflow-native UX, paired with FDEs who know the buyer's domain, are why vertical AI keeps winning deals over LLMs. 3. Platform leverage that compounds The best vertical AI companies are consolidating workflows and becoming the platform other workflows route through. Legora is now an agentic OS for legal work, embedding inside Microsoft Word and law firm document management systems. Abridge started with clinical notes but is expanding into orders, prior auth, and revenue cycle, becoming infrastructure across 250+ health systems. While general-purpose models will accrue more integrations, they can't replicate a platform that third parties have already built their businesses on. At @mutinycorp we're investing in all three: workflow-native UX, proprietary contact-level analytics from owning the asset layer, and a platform play we'll share more on soon. The Claude Spookies are real, but so is the demand. The $10B+ vertical AI winners will nail time-to-value and get harder to rip out the longer you use them.

“I have a ton of friends who also work in venture”

(No doubt this tweet will get some heat from the crazies who want to keep things dysfunctional)

San Francisco is on the right track and we can be proud of how the city is bouncing back. But there’s still a lot to do: downtown recovery, more housing, clean streets, public safety. The @GrowSF guide has pretty much nailed who you should vote for in order to keep things going.

Perplexity, Netlify:

Excited to join @meliarobin, @Bandrew, @ilyaf and Colin Tobias on stage at TechGC Nexus tomorrow discussing the future of work and legal AI! Cannot promise that Jude Law vs. Harvey Specter won't come up...

What a great first five years, and what a fun way to celebrate.

To add, pumped to be investing alongside our friends and regular collaborators Essence (@EssenceVenture), Sunflower (@seedtosunflower), Step Function (@wnlehmann), Tokyo Black (@keenanrice), and Homebrew (@homebrew)

More from me here: uncorkcapital.com/blog/ship-apis…

Delighted to welcome James, Andreas and the Unkey team to the Uncork portfolio! APIs remain the backbone of the modern internet but until now the tooling to build and deploy them remained entrenched in the stone age. No more - Unkey is the way that every ambitious technology company will serve APIs, tokens, and whatever comes next 🚀

@reidRMC @uncorkcap 1000

@Bandrew @uncorkcap Dope team I hear

@villi 💯

This is a mistake. They should have adopted the SVB name.

Mutiny’s MCP Server is now live. You can build trackable customer-facing assets such as a deck or deal room directly inside Claude, ChatGPT or other AI tools. Start for free at MutinyHQ.com.

@chronark Unkey 🤝 Uncork

@Bandrew thank you for everything!! uncork has been a fantastic partner!

@amperoshealth raises a $16M Series A led by Bessemer. Excited to see the team hit this milestone! I sat down with @mmiernowski to talk about his journey, customer relationships, and knowing when it was time to raise the A. Watch/listen: youtube.com/watch?v=o7sCo8…

We decided to break marketing's monopoly on customer-facing content and hand sales the keys. Everyone told us this was a bad idea. Four months later, sales is creating assets 4.5x faster, marketers love us for it, and Anthropic just published a case study about it. Read the full @AnthropicAI case study: claude.com/customers/muti…