General Catalyst

Over the past few months, our team visited universities to meet students doing AI research. We left convinced that some of the most original thinking in the field is coming from undergrads. We met students studying how models reason, building new evaluation methods, and applying AI to science and medicine. Their ideas were ambitious and their research was rigorous. And nearly all of them were held back by the same thing: compute. The GC Research Fellowship, in partnership with @modal, gives 20 exceptional undergraduates up to $25,000 each in compute to pursue their biggest questions. Applications are open: generalcatalyst.com/research…

Accounting can’t be one-shotted. One firm uses six different systems to prepare a single tax return. @getCos co-founded @AccrualHQ to turn accounting from a cost center into a growth lever. Its AI drafts the work across tax, audit, and advisory, then shows accountants what needs a closer look. Watch @marcbhargava in conversation with Cosmin. Chapters 00:00 — Meet Accrual 00:26 — Breaking the School Network 02:29 — Best Friends at Stripe 06:19 — The Test for Every Startup Idea 18:54 — Why Accounting Can’t Be One-Shotted 23:20 — Earning an Industry’s Trust 27:13 — From a W-2 to a K-1 30:14 — Buying a Firm Out of Fear 33:55 — The Two-Day Work Trial 39:36 — Reaching Escape Velocity

We're tripling down on @HypersonicaGmbH's €100M Series B. Revisit @jcfurstenberg's conversation with CEO Philipp Kerth.

We’re quadrupling down on @getserval's $150M Series C. Revisit @marcbhargava’s conversation with CEO @jakeserval.

Many manufacturers run on exceptions that their software can’t resolve, @fragmentdata's agents resolve them end to end. Today, Fragment comes out of stealth with $56M in total funding. General Catalyst co-led their seed round, and are back to support their Series A. Listen to @pranavmulgund and @stopitnaveen discuss the procurement and economic impact of the iPhone in this short clip. cc: @vedantsuri, @yuris

The names that built American manufacturing are iconic. Slater, who brought the mill. Lowell, who integrated it. Carnegie, who scaled steel. Ford, who set the line in motion. Deming, who taught the world quality. The forces of production that once built America are rebuilding America again. This is one of the most important economic and national security imperatives of our time. General Catalyst has backed @ReBuildMFG since 2024, and today we are co-leading their $2.1B round alongside JPMorganChase’s Security and Resiliency Initiative.

Before starting @getserval, @jakeserval changed one question in his customer interviews. He asked IT teams what they would hand to someone hired to sit next to them and do their work. Almost everyone said the same thing. Building automations took longer than doing the task itself, which left them resetting passwords by hand, week after week. Serval automates the automations for every team that supports employees. Watch @marcbhargava in conversation with Jake. Chapters 00:00 — Meet Serval 00:35 — Brain Scans and a First Startup 02:24 — Seven Years at Verkada 07:43 — The Question That Unlocked Serval 10:06 — Build the Hardest Thing First 13:04 — Why Startups Can Compete With the Labs 20:11 — Training Future Founders 23:01 — Perplexity to the Fortune 20 27:17 — Fixing Problems Before the Ticket 29:28 — Hiring Salespeople in the AI Era 34:24 — Chasing Product-Market Fit Forever

We’re quadrupling down on @WeAreLegora’s $550M Series E. More than 140,000 legal professionals now do their work in Legora, spending about an hour and a half a day in the product. Law is one of the most supply-constrained industries in the world, and Legora is giving lawyers the capacity to meet more of that demand. Watch @jcfurstenberg in conversation with @MaxJunestrand. Chapters 00:00 — "We Stopped Selling for Six Months" 05:10 — Breaking the Law of Jante 09:10 — Swim Faster by Looking Down 13:06 — Earning Trust at Enterprise Scale 14:49 — "It Would Almost Be Unethical" 16:26 — Agentic Law Is Already Here 17:26 — The Metric That Matters 18:47 — It Takes a Village 21:36 — A 70M-View Ad 26:56 — A Global Company With European Values 33:04 — From World of Warcraft to Team Player 36:25 — Betting on Young Talent 41:56 — A Lighthouse for Industry Transformation

.@BabaHQ is modernizing the last mile of healthcare for people on Medicare. Each person gets a dedicated advocate: a nurse, social worker, or benefits specialist equipped with AI. They book appointments, chase down benefits, and stay by each person’s side until they get the care they need. We’re proud to be deepening our partnership by doubling down in Baba’s $40M Series A. Watch @vedantsuri in conversation with @_ConnorSweeney. Chapters 00:00 — Meet Baba 02:03 — Cloning Nana’s Voice 05:19 — From Family Crisis to Company 10:58 — “They Saved My Christmas” 13:45 — Everything Is Downstream of the Team 18:05 — Building a Lifeline That Lasts 28:05 — Earning Conviction in a Week

"We can't claim our values if we can't defend them." @HypersonicaGmbH exists because Europe needs to own its critical capabilities so no one can hold it hostage. Watch @jcfurstenberg in conversation with Philipp Kerth. Chapters 00:00 — “Europe Is Losing Its Best People” 03:32 — Hacking the Academic System 08:13 — The Coolest Problem in Aerospace 14:24 — Aegis 1: Nine Months to Launch 21:01 — Racing to 2029 28:14 — Stopping Wars Before They Start 34:11 — On to the Next Launch

We're doubling down on @modal's $750M Series D. Revisit @max_rimpel's conversation with Modal's CEO @bernhardsson.

In 1994, Peter Shor showed that a quantum computer could break modern encryption. For three decades, building one looked like it would take millions of physical qubits. This year, the team behind @TeamOratomic proposed it could take as few as 10,000. We're doubling down by co-leading Oratomic’s Series B, bringing their total funding to $775M. Their fault-tolerant quantum computer has the potential to unlock new scientific capabilities and applications we have yet to imagine. Congratulations to @DolevBluvstein and the team. Explore the future of quantum with @AlexaLiautaud: generalcatalyst.com/stories/…

We started Percepta three years ago and it's been remarkable to watch the scale and ambition of the team that's come together. They're building the transformation infrastructure that our assets, like Janus and Summa, need to reinvent their industries.

The models that will accelerate drug discovery, chip design, and energy are limited by the data they learn from. We led @ProximalHQ’s $15M seed as they build the data engine for the next generation of frontier AI and treat training data with the same rigor as model architecture. Watch @quentinclark in conversation with @calvinchen. Chapters 00:00 — Meet Proximal 03:45 — A Rainy Afternoon in South Park 05:19 — From Sneaker Bots to a First Exit 08:14 — Why Suffering Equals Growth 10:13 — The Path to Proximal 11:57 — How Models Learn 15:17 — Training Data as a Research Problem 23:24 — Building the Team in India

"There is no Apple of healthcare. There is no Airbnb of healthcare." We believe every major consumer market has been rebuilt around the individual except healthcare. Congratulations to @thatch_ai on their $108M Series C to create a healthcare system people love. Thatch gives employees a health budget from their employer to buy whatever plan fits their life. We’re proud to triple down on our partnership with @chrisellisdc, Adam Stevenson, and the team. Watch Alex Tran in conversation with Chris and Adam. Chapters 00:00 — How a WWII Wage Freeze Built America's Healthcare System 05:35 — Losing Parents to Cancer and Starting Thatch 09:07 — Inside the Thatch Product 14:38 — Why the Hardest Healthcare Problems Are Fintech Problems 20:49 — AI That Calls Your Doctor to Confirm It's In Network 25:55 — Unbundling Healthcare From Employment 31:32 — Lessons From Switzerland and Singapore