Felicis

Revel just announced their $150M Series B and we couldn’t be more proud to have backed Scott Morton and the Revel team from the seed! When we first met Scott, what stood out was both his experience leading software engineering for SpaceX ’s Starship, and even more importantly, his conviction that the rest of the industrial world deserved modern software. For decades, complex hardware systems (like rockets, propulsion, energy, advanced manufacturing) have been run on tools that predate the internet. Meanwhile, software has transformed every other industry. Scott saw that gap firsthand and he decided to build the system he wished he had. Revel is creating the modern software layer for running hardware that helps companies test faster, operate safer, and ship sooner. When you’re deploying rocket engines or managing nuclear reactors, it’s all about precision, reliability, and control at the highest stakes. Congratulations to Scott and the entire Revel team on this milestone, and welcome to Index Ventures and Redpoint. We’re excited for what’s ahead !!

We believe great hardware deserves great software. And we've believed in Revel since seed. Congrats to the entire Revel team on this milestone! 🚀 cc: Aydin Senkut

Congrats Producer.ai on their acquisition by Google Labs & Google DeepMind! I remember reaching out to Seth during their fundraise after hearing whispers that he was working on something in AI music. After seeing Runway revolutionize video, we at Felicis felt that music would be next. His energy and passion for building a tool to empower music creators came from his own love of music (Producer execs double as band members). Seth Forsgren, hayk martiros, and the rest of the team worked tirelessly to create a fun and powerful music creation platform. It's been great partnering with Nabeel Hyatt, Spark Capital, South Park Commons, and others on this one. Looking forward to seeing Producer scale globally with the help of Google! https://lnkd.in/gy3fZ5B7

(TLDR: I’m going in-house at Felicis to build in venture again. AI makes it a great time for multiple reasons) New AI tools both (1) lower the cost of developing a firm informational and decision operating system and (2) unlock new capabilities to aid with fuzzy pattern matching in deal clusters, decisions to leverage existing partner expertise. You can build a bespoke data platform, custom implementation, and closed-loop information/decision product within a firm, complete with customer-driven development and iteration. And with the explosion of new companies on top of the new tech capability of transformer-based models, the variety of companies will explode. Quicker, quality decisions are even more important.

Welcome 🤓 Ben Mathes, our new Head of AI at Felicis! 🤖🦾 Ben now leads one of our top strategic imperatives: building AI systems deep into how we operate and invest. At Felicis, Ben will build an AI “exoskeleton” for venture that uses frontier models to supercharge the investing team’s sourcing, research, and decision-making. Think context-aware research that helps us invest, scenario planning to anticipate strategic shifts, inform our investments, and guide our portfolio companies through them, coding agents that surface the top 1% of talent early, and custom workflows that feel like magic. Ben brings a rare mix of product taste and engineering depth to his work. He’s spent his career building tools that solve root problems rather than just stringing together existing APIs. He’s also a builder agnostic to stage and industry: He’s designed automated deal closings at AngelList, developed intelligence products for investment teams at Greylock and Thiel Capital, and most recently, spent six years at Google leading the development of their internal AI supply chain tracking, monitoring, and measuring. Welcome to Felicis, Ben! 🧡 We are excited to build with you.

Some incredible stats from Cliff Obrecht on Canva in 2025: 265M MAU (31M paying users) $4B ARR B2B (25 seats or more) now at $500M ARR (Growing 100% yoy) AI feature that lets users build apps and websites hit 10M MAUs… 🚀🔥🤩 https://lnkd.in/gH6FpYXF

We’re thrilled to announce that Eric Flaningam has been promoted to Partner at Felicis! Eric’s journey is a reflection of our belief in imagination and curiosity. He gravitates toward complex spaces others overlook, and does the work to truly understand them. He initially joined Felicis as a researcher, where his analytical rigor quickly translated into identifying standout early stage companies. Eric has helped Felicis invest across healthcare, energy, AI, and enterprise software, including Assort Health, Evertune AI, Radiant, Agency, and several stealth companies we’re excited to share more about soon. Beyond investing, Eric is a thoughtful voice on where technology is headed and an active builder of founder and builder communities. (Check out his substack: Generative Value.) His new role as a Partner on the investing team reflects the depth of his judgment, impact, and commitment to founders. 🧡 ordnl.link/y7QCpBt

We’re excited to share that James Detweiler has been promoted to General Partner at Felicis! 🧡 James is thesis-driven, founder-first, and unafraid to challenge convention. He is unique in his ability to see around corners and believe in transformative technology before consensus. He has an exceptional ability to identify and earn the trust of founders and a strong investing track record across AI, robotics, vertical software, and defense. An example: His early conviction around robotics foundation models led to Felicis investing in the Skild AI Series A. James has helped bring companies like Mercor, Paraform, DeepJudge, Ricursive Intelligence, and Operand into the Felicis family. Beyond the results, James shows up with infectious energy, generosity, and optimism. He lifts the entire team and goes all in for founders every step of the way. We’re proud to recognize his impact and excited for what’s ahead! ordnl.link/yFDDZZE

When it comes to progress, how we make things is just as important as what we make. The assembly line reshaped the world as much as the cars that replaced horse-drawn carriages did. Right now, the way we make software is changing. Software engineers now orchestrate while agents program. It’s time for an entirely new process to match. Entire is building the next developer platform for an era of human and AI agent collaboration, the assembly line for this moment. Rather than retrofitting agents into yesterday’s development process, Entire is reimagining software creation from the ground up, purpose-built for people collaborating and creating with agents. We’re thrilled to support Thomas Dohmke and the Entire team as they launch and set out to build on this mission.