Dust, the Paris-based AI agents platform, has closed a $40 million Series B round led by Sequoia and Abstract, bringing total funding to over $60 million, according to sifted.eu.

The round, which also drew Datadog and Snowflake as new investors, was co-led by Sequoia Capital and San Francisco firm Abstract Ventures. Founded in 2022 by former Stripe engineers Gabriel Hubert and Stanislas Polu—Polu also spent three years at OpenAI—Dust lets enterprise teams build and deploy AI agents inside a shared workspace, replacing the “single-player AI” model where each employee relies on an individual assistant, sifted.eu reported.

The deal vaults Dust into the top tier of European generative-AI startups alongside Mistral and Poolside, and gives it fresh capital to compete with US rivals such as Adept and Sierra. The participation of Datadog and Snowflake signals growing appetite from cloud vendors to embed agentic capabilities directly into their stacks, a dynamic already visible in Salesforce’s recent Agentforce rollout and Microsoft’s Copilot Studio push, sifted.eu noted.

Hubert told sifted.eu the company will use the new funds to accelerate US expansion and double headcount across engineering and go-to-market teams by year-end. The next public checkpoint is the launch of a paid enterprise tier in Q3 2026, with early design partners already onboarded.

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