Stripes

Pomelo Care has a new look that matches a growing mission. What began in maternal health now extends into pediatric care and menopause, still rooted in what has defined Pomelo from the beginning: proactive care that catches risk before it becomes a complication, with more than 40 peer-reviewed studies behind it. Stripes is proud to partner with Marta Bralic Kerns and the Pomelo team on care that is always one step ahead.

Congratulations to Scott Wu, Russell Kaplan, and the entire Cognition team on their Series E fundraise. Stripes first invested in Cognition last year, and we are excited to upsize our investment. A year ago, handing an AI agent an engineering project and trusting it to deliver was a bold bet. Today, Devin is a proactive teammate at some of the most demanding engineering organizations in the world, taking on work end to end and routing each task to the model best suited for the job. This is what self driving software looks like. It has been a privilege to collaborate with the team on business development, bringing Devin to more enterprises and seeing the success that follows. We are proud partners of the Cognition team as they continue to execute at the highest level.

We’re thrilled to have led Etched's $500M Series B at a $5B valuation last December, joined by investors including TSMC, Jane Street, Ribbit Capital, Andrej Karpathy, Fei-Fei Li, and Peter Thiel, and are proud to watch the company come out of stealth today. At Stripes, we partner with exceptional founders building amazing products in the largest markets in the world. For several years now, much of that work has been in AI, from infrastructure like Crusoe and Databricks to the models and applications like Ramp and Cognition built on top of them. We went especially deep on the layer underneath it all, looking at dozens of companies across compute, because we believe inference is one of the defining trends in AI. The more we learned, it became clear that Etched has the rare combination we always look for: an amazing product in a massive market with strong tailwinds, an outlier team, and a business model built to last. We believe Etched is on track to build a generational business. The ambition is enormous: deliver the highest-performance, full rack-scale system for AI inference, designed to outperform the best on the market. Rather than build one component and hope the rest catches up, Etched co-designs the whole system at once. That depth stands behind two core technologies: Low Voltage Inference, which delivers roughly an order of magnitude more throughput in the same energy footprint as today’s hardware, and Cluster Scale Memory, which keeps the system fast and responsive at scale. The team behind it is extraordinary. It is genuinely rare for founders in their mid-twenties to attract talent this senior: leaders from NVIDIA, Google’s TPU program, Broadcom, and SK Hynix left the most coveted roles in technology to go all-in behind Gavin Uberti and Robert W. Gavin is a generational technical talent and Rob a relentless builder, and together they've grown a team that now stands at 350 people around a single mission. They’ve answered with execution, from founding to working hardware in bring-up in just a few years. And the market is already pulling it forward. In our diligence, customers told us Etched was the first system that could truly transform their inference economics at scale. Production is underway against hundreds of millions in customer contracts, with a clear path to gigawatt-scale next year. For this team, production isn’t what happens after the product. Production is the product. Etched comes out of stealth today alongside its $800M raised across multiple rounds. An amazing product, an exceptional team, and a market that needs it: this is exactly the kind of company we exist to partner with. Stripes couldn’t be more excited to back Gavin, Rob, and the entire team.

Congrats to Cobi B. and the entire Chapter team on their Series E! Stripes is a proud partner of Chapter for the critical work they are doing to simplify Medicare enrollment using AI, helping seniors navigate their coverage options and ensuring they choose the right plan. Check out the announcement in Business Wire here: https://lnkd.in/ehaWBuzk

Congratulations to Applied Intuition, Databricks, Flock, OpenAI, and Ramp on being named to the 2026 Enterprise Tech 30, recognizing the most innovative private companies in the industry. We’re proud to partner with these teams as they continue to deliver at scale, and we’re excited to see what’s next! #amazingproducts Check out the full list here: https://lnkd.in/gkyUKjye

Stripes is proud to partner with Eric Girouard 👊💥 and the BRUNT Workwear team as they continue creating functional, comfortable workwear designed for today's tradespeople. Check out the feature in the WSJ: https://lnkd.in/e7ggZpEH

Stripes is thrilled to lead Pomelo Care's Series C. Pomelo is setting a new national standard for women’s and children’s healthcare, now covering 25 million lives and delivering a 3-5x ROI for customers. Check out the article in Forbes, where Stripes partner Ron Shah shares why we decided to double down on our investment in Marta Bralic Kerns and the entire Pomelo team: https://lnkd.in/eP4eiX6V

Last month’s Stripes Tech Summit was filled with conversation and connection. Leaders from financial and professional services, healthcare, consumer, technology, and industrial sectors shared sharp insights and raised even better questions. We’re excited to continue partnering with this group in 2026!

We loved the energy at last week’s Stripes Tech Summit! One theme stood out across every conversation: data is the product. Most effort goes into turning raw logs into clean, trackable, privacy-safe tables so teams can iterate fast. Models are the easy part once the data is right.

Huge congrats to Ramp on another exciting milestone. We are proud partners of Eric Glyman and the entire Ramp team — the best is yet to come!