Focus Area
Agentic Systems
Autonomous AI agents that can plan, execute, and learn from complex multi-step tasks. The next frontier of AI: systems that don't just respond, but act.
$52.6B
Market Size by 2030
46.3% CAGR growth
40%
Enterprise App Integration
With AI agents by 2026
30%
Autonomous Decisions
Enterprise AI by 2028
20-30%
Workflow Acceleration
Early adopter results
Our Investment Thesis
We're moving from AI that responds to AI that acts. Agentic systems represent a fundamental shift: from chatbots and copilots to autonomous agents that can break down complex goals, use tools, and execute multi-step workflows with minimal human oversight.
The infrastructure for agentic AI is still being built. We're investing in both the picks-and-shovels companies enabling this future and the application companies deploying agents to transform specific industries.
The winners in agentic AI will combine deep technical capabilities (planning, tool use, memory, multi-agent coordination) with domain expertise that allows them to deliver reliable, production-ready solutions.
While nearly two-thirds of organizations are experimenting with AI agents, fewer than one in four have successfully scaled them to production. This gap is 2026's central business challenge, and we're backing the companies solving it.
What We Look For
- True agentic capabilities, not rebranded automation
- Production-ready reliability and error handling
- Clear workflow ownership and measurable outcomes
- Multi-agent orchestration capabilities
- Strong integration with enterprise systems
- Teams with both AI expertise and domain knowledge
Market Insight
Only ~130 of thousands of claimed "AI agent" vendors are building genuinely agentic systems
Watch for "agent washing" as vendors rebrand existing automation. The key differentiator isn't model sophistication, it's the willingness to redesign workflows rather than layer agents onto legacy processes.
Key Trends Shaping the Market
The forces driving innovation and creating new opportunities in this space.
From Assistants to Autonomous Workflows
Enterprise AI evolving from passive assistants to autonomous teammates that directly drive work. Agents taking initiative and executing multi-step processes end-to-end.
Multi-Agent Orchestration
Moving from single general-purpose agents to multiple specialized agents working together. Each agent handles a defined responsibility while an orchestration layer coordinates work.
Workflow Ownership
Agentic AI systems increasingly managing multi-step workflows, not just individual tasks. Shifting AI from assistive tools to goal-driven operators.
Hybrid Human-Agent Teams
Cross-functional automation between autonomous agents, digital workers, APIs, humans, and data. The future is collaborative intelligence.
Agent Infrastructure Maturation
Platforms treating agents as first-class citizens with RBAC permissions, resource quotas, and governance policies. Enterprise-grade agent operations.
Contextual Memory
Moving beyond traditional RAG to enable LLMs to store and access pertinent information over extended periods. Critical for adaptive, long-running agents.
Where We See Opportunity
Specific segments and categories where we're actively seeking investments.
Agent Frameworks
Platforms and tools for building, orchestrating, and deploying AI agents at scale. The infrastructure layer enabling agentic applications.
Coding Agents
AI systems that can autonomously write, test, and deploy software. Transforming software development workflows.
Business Process Agents
Agents that automate complex enterprise workflows, from sales to operations. Measurable productivity gains in back-office operations.
Research Agents
AI systems that can conduct research, synthesize information, and generate insights. Augmenting knowledge work.
Agent Infrastructure
Tools for agent memory, planning, tool use, and multi-agent coordination. The building blocks for reliable agents.
Agent Monitoring
Observability and evaluation tools for understanding and improving agent behavior. Essential for production deployments.
Market Landscape
Notable companies and categories shaping this market.
Agent Frameworks
LangChain, CrewAI, AutoGPT, Microsoft AutoGen, AgentGPT
Coding Agents
Devin, GitHub Copilot Workspace, Cursor, Replit Agent, Codium
Enterprise Agents
Salesforce Agentforce, Microsoft Copilot Studio, ServiceNow
Agent Infrastructure
LangSmith, AgentOps, Weights & Biases, Braintrust, Parea
Process Automation
UiPath, Automation Anywhere, Blue Prism, Moveworks
Research Agents
Perplexity, Elicit, Consensus, Anthropic Claude, OpenAI
Portfolio Companies
Companies in our portfolio building in this space.
OrbioCloud
AI-powered asset and fleet management platform that makes operations simple, efficient, and affordable.
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Buffy
AI-powered fitness companion and social platform transforming how people train and connect.
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We're actively investing in this space and would love to hear about what you're building.