Investment Thesis
Greylock’s AI thesis centers on augmenting knowledge workers rather than replacing them. With Reid Hoffman (LinkedIn, OpenAI board) and Sarah Guo (formerly of Conviction) as partners, the firm brings operator-level AI expertise. They focus on companies building AI products that integrate deeply into enterprise workflows.
Notable AI Deals
Greylock led Adept’s Series B, backing the AI agent company founded by former Transformer paper co-authors. They also led rounds in Abnormal Security (AI-powered email security) and invested across the AI-enabled enterprise stack. Their early Figma investment predated but benefited from AI-powered design tools.
Portfolio Strategy
The firm is deliberately selective, making fewer than 20 new investments per year. In AI, they focus on enterprise applications where they can leverage their network of CIO and CTO relationships. They prioritize founders with deep technical backgrounds and prior operating experience.
Track Record
Greylock’s disciplined approach has yielded strong returns in AI. Abnormal Security grew to $200M+ ARR, making it one of the fastest-growing AI-security companies. Their enterprise focus means portfolio companies often achieve strong revenue metrics early, demonstrating product-market fit before large-scale capital raises.
| Company | Amount | Date | Stage |
|---|---|---|---|
| Adept | $350M | 2023-03 | Series B |
| Coda | $100M | 2022-07 | Series D |
| Abnormal Security | $250M | 2024-04 | Series D |