Former Coatue Partner Raises $65M Seed for Enterprise AI Agent Startup

Sycamore aims to build a comprehensive platform for enterprises to build, secure, and orchestrate AI agents.

Mar. 30, 2026 at 9:53pm by Ben Kaplan

Got story updates? Submit your updates here. ›

A highly detailed, glowing 3D illustration of an abstract AI agent interface, with pulsing neon blue and magenta lights illuminating the intricate cybernetic hardware components, conceptually representing the complex technology powering enterprise AI agent platforms.Sycamore's ambitious platform aims to provide enterprises with a comprehensive solution for building, securing, and orchestrating their AI agent infrastructure.San Francisco Today

Sycamore, a new startup founded by former Coatue investor Sri Viswanath, has raised a massive $65 million seed round led by Coatue and Lightspeed. The company is building an enterprise-focused platform to help businesses build, secure, and manage AI agents across their operations. Unlike many startups in this space, Sycamore is led by an experienced executive with decades of experience building enterprise platforms.

Why it matters

The enterprise AI agent market is rapidly heating up, with numerous startups, cloud providers, and AI research labs all vying to own the core platform layer. Sycamore's large seed round and experienced founder suggest it could emerge as a serious contender in this crowded and high-stakes space.

The details

Sycamore is taking a comprehensive approach, aiming to build a platform that handles everything from coding to backend infrastructure for enterprise AI agents, rather than just layering agents on top of existing workflows. The startup has already gained traction with some large enterprise customers, though the specific names were not disclosed.

  • Sycamore was founded in the fall of 2025 after Sri Viswanath left his full-time VC role at Coatue.
  • The $65 million seed round was announced on March 30, 2026.

The players

Sri Viswanath

The founder and CEO of Sycamore, who previously spent over 20 years building enterprise platforms at companies like Sun Microsystems, VMware, Groupon, and Atlassian.

Coatue

The venture capital firm that led Sycamore's $65 million seed round.

Lightspeed

The venture capital firm that co-led Sycamore's $65 million seed round.

Got photos? Submit your photos here. ›

What they’re saying

“I've spent over 20 years building enterprise platforms at global scale at Sun Microsystems, VMware, Groupon, and as CTO of Atlassian, where I led the cloud transformation and scaled the engineering org to 7,000+. The round came together through long-standing relationships.”

— Sri Viswanath, Founder and CEO, Sycamore

What’s next

Sycamore will need to continue executing and delivering on its ambitious platform vision in order to stand out in the crowded enterprise AI agent market, which includes numerous well-funded startups as well as offerings from major cloud providers.

The takeaway

Sycamore's large seed round and experienced founder suggest it could emerge as a serious contender in the rapidly evolving enterprise AI agent market, which is seeing intense competition from startups, cloud providers, and AI research labs all vying to own the core platform layer.