B Capital

Wednesday, 22 April, CONVERGE LIVE: @daisy_cai of @BCapitalGroup shares with CNBC's @cherykang and @dee_bosa the evolving landscape of software technology, saying the rise of AI agents is not an existential threat to the industry but rather a tech “restacking”. She highlighted that traditional SaaS models are being challenged as enterprises shift towards outcomes and efficiency, moving away from the focus on simply adding seats. #CNBCCONVERGELIVE cnb.cx/4vKWFI7

Ignore the panic from Citrini, and look beneath it at the opportunity in the transformation.

The real story of the Citrini memo that shook the markets this week isn’t the 24‑month collapse scenario it predicts. It's the structural shift underneath. In our new piece, The AI Labor Crisis Isn’t Coming in 2028. The Investment Opportunity Is Here Now, @yanda, General Partner, B Capital, and @rajganguly_, Co-Founder and Co-CEO, B Capital, argue that AI coworkers landing inside white-collar workflows is the first fault line of a broader transformation that is inevitable, but not apocalyptic. The Citrini piece overshoots on timeline, assuming quicker enterprise adoption and inert policy response. And it misses the massive investment opportunity that's happening right now. Read more about where we think durable value is likely to accrue in our response: b.capital/insights/the-a…

Proud to back CodeMetal at @BCapitalGroup. They translate code across languages and hardware with formal verification for defense, aerospace, and regulated industries. The trust layer that makes AI deployable where failure isn't an option. wired.com/story/vibe-cod…

Today, we’re excited to announce that we’ve raised more than $935M in Series A funding with a $520M Series A-X extension round, bringing our total capital raised to nearly $1B. This milestone is a powerful vote of confidence in our mission: building AI-powered humanoid robots designed to work alongside humans. With this new funding, we’ll be able to: - Ramp production of #Apollo - Expand global commercial and pilot deployments - Build next-generation facilities for robot training and data collection - Accelerate real-world impact across manufacturing, logistics, and beyond We’re proud to be backed by an incredible group of repeat and new investors, including @BCapitalGroup, @Google, @MercedesBenz, @ATT Ventures, @JohnDeere, QIA, and more. The future of embodied #AI is happening now, and Apollo is just the beginning. - Read the full announcement: apptronik.com/news-collectio… - Explore open roles: apptronik.com/careers

Today was a big day for the @BCapitalGroup group portfolio with exciting announcements by @GoodfireAI & @axiommathai. Took the opportunity to work with @claudeai to put a fresh coat of paint on my personal website: yanda.com

Honored to be an investor in @GoodfireAI & to double down in this round. Modern parenting techniques were shaped by advances in cognitive & behavioral psychology. We need the same for models, so we can arrive at the abundant & collaborative future that is the promise of AI.

We raised a $150M Series B at a $1.25B valuation to fundamentally change the field of AI. Scaling is powerful, but we can't intentionally design what we don't understand.

Lunar Energy’s $232M financing is a strong signal for where energy infrastructure is heading. Integrated hardware and software. Real-world scale. Real value for households and the grid. Proud to lead the Series D and partner with the @lunarenergyinc team. Read more in @business bloomberg.com/news/articles/…

"Today, there's the potential to leverage AI to take a team of 1 or 10 engineers and make it seem like a team of 5,000 engineers back then." While on stage at #WebSummitQatar, @esaverin, Co-founder of @BCapitalGroup & @Facebook, breaks down why AI is the ultimate equaliser for early-stage founders looking to disrupt global giants.

95% of enterprise AI pilots fail: not because the model is bad, because the environment is. For two years, AI progress just meant "the model got better." That era is ending. What matters now: can AI be a coworker, not just a tool? More at: b.capital/insights/where…

It was a pleasure to be on Founders & Builders with my friend & @wandb colleague @Joewearofficial. We cover a broad range: following your zone of genius & passion, choosing meaningful startup ideas, stacking the cards, & managing your own psychology through the rollercoaster.

🎙️ New E190 of the Boardroom Governance Podcast Karen Page (@karenappleton) from @BCapitalGroup: Venture Boards, Founder Governance, and the Path from Startup to Scale We cover all things governance for venture-backed companies. Tune in! 🎯 💯 🎧 boardroom-governance.com/episodes/karen…

When it comes to growing a company, I believe partnerships are key. Sure, you can sit down and build a road map on how to do everything yourself, but that takes a lot of time. I sat down with Rich Lesser, Chair of @BCG, at the @BCapitalGroup CEO Summit, where we discussed how founders and CEOs can scale companies while navigating uncertainty and change. Here are 4 key takeaways for any founder, leader or entrepreneur: 1. Partnerships accelerate growth. You don’t have to build everything in-house. The right strategic partners can bring expertise, resources, and credibility that would take years to develop alone. 2. Speed matters. A decade-long roadmap is no longer a luxury any company can afford. In fast-moving markets, getting to impact faster often outweighs keeping 100% control. Progress beats perfection. 3. Boldness requires focus. Knowing when to pivot — and when to say no — is so important. 4. Purpose fuels performance and recovery is essential. It’s not a “nice-to-have” — it’s a growth driver. When your team takes care of themselves, they’re more resilient, creative and engaged. What are your tips for navigating change and uncertainty? I'd love to know in the comments.

@reflection_ai Congratulations to the team at @reflection_ai on this next chapter. We’re excited to partner with you as you build accessible frontier open intelligence.

Today we're sharing the next phase of Reflection. We're building frontier open intelligence accessible to all. We've assembled an extraordinary AI team, built a frontier LLM training stack, and raised $2 billion. Why Open Intelligence Matters Technological and scientific progress is driven by values of openness and collaboration. The internet, Linux, and the protocols and standards that underpin modern computing are all open. This isn't a coincidence. Open software is what gets forked, customized, and embedded into systems worldwide. It's what universities teach, what startups build on, what enterprises deploy. Open science enables others to learn from the results, be inspired by them, interrogate them, and build upon them in order to push the frontier of human knowledge and scientific advancement. AI got to where it is today through scaling ideas (e.g. self-attention, next token prediction, reinforcement learning) that were shared and published openly. Now AI is becoming the technology layer that everything else runs on top of. The systems that accelerate scientific research, enhance education, optimize energy usage, supercharge medical diagnoses, and run supply chains will all be built on AI infrastructure. But the frontier is currently concentrated in closed labs. If this continues, a handful of entities will control the capital, compute, and talent required to build AI, creating a runaway dynamic that locks everyone else out. There's a narrow window to change this trajectory. We need to build open models so capable that they become the obvious choice for users and developers worldwide, ensuring the foundation of intelligence remains open and accessible rather than controlled by a few. What We've Built Over the last year, we've been preparing for this mission. We’ve assembled a team who have pioneered breakthroughs including PaLM, Gemini, AlphaGo, AlphaCode, AlphaProof, and contributed to ChatGPT and Character AI, among many others. We built something once thought possible only inside the world’s top labs: a large-scale LLM and reinforcement learning platform capable of training massive Mixture-of-Experts (MoEs) models at frontier scale. We saw the effectiveness of our approach first-hand when we applied it to the critical domain of autonomous coding. With this milestone unlocked, we're now bringing these methods to general agentic reasoning. We've raised significant capital and identified a scalable commercial model that aligns with our open intelligence strategy, ensuring we can continue building and releasing frontier models sustainably. We are now scaling up to build open models that bring together large-scale pretraining and advanced reinforcement learning from the ground up. Safety and Responsibility Open intelligence also changes how we think about safety. It enables the broader community to participate in safety research and discourse, rather than leaving critical decisions to a few closed labs. Transparency allows independent researchers to identify risks, develop mitigations, and hold systems accountable in ways that closed development cannot. But openness also requires confronting the challenges of capable models being widely accessible. We're investing in evaluations to assess capabilities and risks before release, security research to protect against misuse, and responsible deployment standards. We believe the answer to AI safety is not “security through obscurity” but rigorous science conducted in the open, where the global research community can contribute to solutions rather than a handful of companies making decisions behind closed doors. Join Us There is a window of opportunity today to build frontier open intelligence, but it is closing and this may be the last. If this mission resonates, join us.

@evenuplaw @BessemerVP @BainCapVC @RELXHQ @LexisNexis @SignalFire @lightspeedvp Proud to partner with @evenuplaw as they redefine personal injury law and deliver better outcomes for victims.

🚀 EvenUp raises $150M Series E led by @BessemerVP with support from @baincapvc, @relxhq, @lexisnexis, @bcapitalgroup, @signalfire, @lightspeedvp & more — reaching a $2B+ valuation. 2,000+ firms served, $10B+ in damages secured, and 10K+ cases per week powered by AI. Read more ➝ evenuplaw.com/blog/evenup-2b… 🔗 As seen on @FortuneMagazine: fortune.com/2025/10/07/exc… #AI #LegalTech #SeriesE #Funding

We’re thrilled to partner with @axiommathai on its mission to build mathematical superintelligence. AI promises to usher in a new era of breakthroughs, but discovery in the most complex domains remains constrained by reasoning limitations. By combining AI, programming languages, and mathematics, Axiom is creating the foundation for verified quantitative reasoning—starting with an AI mathematician. CEO @CarinaLHong is joined by a passionate team of pioneers who have already used AI to shatter barriers across fields. Learn more: axiommath.ai | b.capital/why-we-investe…

My colleague @idagirma & I wrote a bit more about why we at @BCapitalGroup are excited to partner with @axiommathai: b.capital/why-we-investe…

🎉Announcing the Fullstack Agents Hackathon Excited to partner with @llama_index , @composio, @msft4startups, @BCapitalGroup & @AITinkerers to put on the best Hackathon in the Bay Area 🦾 $20k+ in prizes on the line for the team that builds the most powerful Fullstack agent application for their use-case. 🗓️ September 27th 📍Microsoft SV Center — the stunning venue Microsoft keynotes are recorded.