AI Infra / DevTools
We focus on investing in the critical layers that power how software is built, deployed, and scaled. In late 2025, AI agents got coherent enough to build software largely on their own; the builder is no longer the person who can code, but the person who has the problem, and software is becoming infinite at radically lower cost. But building was never the bottleneck — the work moves downstream into reviewing, integrating, securing, and scaling what the machines produce, and that's where we concentrate our capital. If building is the commodity, owning is the franchise. We invest in companies that win developers (and their agents) first, earning bottom-up adoption through great products, then expanding into enterprise-wide platforms with durable, compounding revenue.
