Coatue-backed Distyl AI has raised $20 million, sources say

Disstyl AI and Coatue did not respond to requests for comment.

Distyl AI develops AI-assisted workflows for enterprises. Implementing AI in key enterprise use cases can be difficult, CEO Arjun Prakash told VentureBeat. “These processes often involve multiple stakeholders, diverse data sources, complicated logical systems, diverse user groups, and sophisticated security policies,” he added.

The startup addresses these challenges by designing AI solutions that meet customers’ specific data needs and integrate them seamlessly into existing workflows. In addition, Distyl AI conducts thorough testing to ensure that AI systems are reliable and scalable.

The company targets Fortune 100 companies in sectors such as consumer goods, retail, insurance, healthcare and manufacturing, according to its website. Disstyl AI also has a strategic partnership with OpenAI for access to its research and infrastructure, VentureBeat reported.

Prakash was previously Head of Solutions at Snorkel AI, a data tagging unicorn. Before that, he spent eight years at Palantir, where he overlapped with Derek Ho, co-founder and COO of Distyl AI. Other members of the Disstyl AI team previously worked at Apple and Microsoft.

Venture capital is pouring into enterprise artificial intelligence. Glean AI, for example, raised $260 million at a $4.6 billion valuation, led jointly by Altimeter Capital and DST Global, in September, Fortune reported. Decagon raised $35 million from Accel and Andreessen Horowitz in June to build AI agents for customer support, while Sybill AI raised an $11 million Series A from Greycroft Capital to automate workflows of sales representatives.