PWV Year in Review: 2025 Highlights

Cursor raises $105M Series B

Cursor announces $105M Series B from Thrive Capital, Andreessen Horowitz, and Benchmark, exceeding $100M in recurring revenue with millions of programmers using the AI code editor.

Cursor

The first time in 2025 that PWV all got together in San Francisco. Marked DT's return to SF in years—got to revisit some favorite places like San Tung restaurant and Amoeba Records. Met with Retrace, Monumo, Myriad AI, and Marly teams in person for the first time that week and planned for PWV 2025. Also met with LPs and held 'Landing More Customers: A PWV Founder Event' on the 23rd.

Retrace Monumo Marly Myriad AI

Featured speakers included: Tom Preston-Werner, Co-founder of GitHub, GP at PWV, ​Gorkem Yurtseven, Co-founder of Fal.ai, ​Cory O'Daniel, CEO & Co-Founder of Massdriver, ​Simon Box, CEO of ReSim.ai, and more.

fal ReSim Massdriver

Intro to Power Planet

PWV Fund I investment onsite with Keith and Brij from Power Planet.

Power Planet

Intro to Langbase

PWV Fund I investment kickoff meeting with Ahmad Awais from Langbase.

PWV Fund I Investor Dinner & AMA PWV hosted a private gathering of investors, fund-of-funds, and family offices for an AMA with the General Partners focused on the launch of Fund I.

Elicit raises $22M Series A

Elicit raises $22M Series A at $100M valuation led by Spark Capital and Footwork to build the most trusted AI platform for evidence-backed decisions, serving 400,000+ researchers monthly.

General Partner David Price attends YC Demo Day in San Francisco.

Jennifer Tacheff participated in SXSW founder pitch programming and was an onsite speaker, engaging early-stage builders across AI, infrastructure, and emerging technologies.

PWV hosted a private gathering of LPs, family offices, and fund-of-funds for a conversation with General Partners Tom Preston-Werner, David Thyresson, and David Price ahead of Fund I’s first close.

PWV hosted an informal gathering of founders and operators in San Francisco, creating space for conversation, connection, and early collaboration across the ecosystem.

tldraw raises $10M Series A

tldraw raises $10M Series A led by Lux Capital and Definition to build the infinite canvas SDK for developers, reaching $1M in revenue through license deals.

tldraw

Intro to Commutator Studios

PWV Fund I investment kickoff meeting with César and Jan from Commutator Studios.

Commutator Studios

PWV & ReSim.ai hosted a salon focused on production-ready physical AI and robotics, bringing together builders and innovators working at the intersection of AI and physical systems.

ReSim

StackOne raises $20M Series A

StackOne raises $20M Series A led by GV (Google Ventures) and Workday Ventures to reinvent SaaS and AI agent integrations with their AI-powered platform.

Fund I officially reached first close, marking a foundational milestone for PWV.

Cursor raises $900M Series C

Cursor announces $900M Series C at $9.9B valuation from Thrive, Accel, Andreessen Horowitz, and DST, reaching over $500M in ARR and serving over half of the Fortune 500.

David Price and family welcomed a new member to the family: Drizzle the dog, not the ORM.

PWV hosted a relaxed founder session with founders and General Partners, creating space for candid conversation, shared challenges, and early collaboration across the ecosystem following Fund I's first close. We even had a summer playlist!

General Partner David Price meets with founders and investors in Berlin for SuperVenture 2025.

Jennifer Tacheff, a member of the PWV team, was honored to present alongside global policymakers and technology leaders on the future of AI and human-centered innovation.

PWV Fund I investment meeting with Nicky and José from Poke & Wiggle.

fal raises $125M Series C

fal announces $125M Series C led by Meritech with participation from Salesforce Ventures, Shopify Ventures, and Google AI Futures Fund, establishing itself as the generative media platform for developers.

PWV got a fresh new look! New website, new logo, and yes—lots of green. The green is a nod to those old green CRT monitors from our early computer days as kids, learning to code for the first time. The rebrand brings a cleaner, more modern vibe that better represents how we support founders and build community.

Aalo closes $100M Series B

Aalo Atomics closes $100M Series B led by Valor Equity Partners to build their first nuclear power plant (Aalo-X) and scale factory mass-manufactured nuclear energy.

PWV hosted a virtual Founder Session with portfolio founders and General Partners, featuring small-group breakouts and shared discussion across companies building globally.

PWV engaged with infrastructure founders and operators in Boston at a community gathering alongside MongoDB Ventures and Step Function VC, as part of ongoing ecosystem coverage in the region.

PWV engaged with founders and operators during Colorado Startup Week, with David Price speaking onsite in the session “Betting Big on Agents: Founders on Building AI-Native Companies,” exploring the future of agent-based systems and AI-native company building.

Earthmover raises $7.2M Seed Round

Earthmover raises $7.2M seed round led by Lowercarbon Capital to transform Earth science data management with cloud-native tensor storage.

Earthmover

PWV hosted a Founder Session in San Francisco focused on fundraising and capital formation, featuring founders, operators, and investors including Tom Preston-Werner, David Price, Topher Conway (SV Angel), Mary D'Onofrio (Crosslink Capital), Scott Johnston (former CEO of Docker), and Johannes Landgraf (Ona, formerly Gitpod).

Ona

General Partner David Price attends a16z Speedrun Demo Day in San Francisco.

PWV engages in the AI community through education-focused conversations, General partner DT, as an Andover alum, learns about his alma mater's skills-first teaching approach to AI in education. Examples included using AI as simulation for oral exam practice, the 'seven-prompt essay' grading conversation logs rather than AI output, and students creating fake historical documents to strengthen critical thinking. The framework emphasizes AI as a supportive tool—not a replacement for human judgment—preparing students to think clearly in an AI-augmented world.

VoidZero announces Vite+

VoidZero unveils Vite+ at ViteConf Amsterdam - a unified, commercially-licensed toolchain for JavaScript built on open source foundations.

David Price attended the MIT Media Lab workshop on 'Benchmarks for Human Flourishing with AI', exploring frameworks for measuring and ensuring positive outcomes as AI technology advances.

Jennifer Tacheff, a member of the PWV team, led a program with the University of Cambridge, Noesis, and the Leverhulme Centre for the Future of Intelligence involving global policymakers and leaders from frontier AI organizations.

David Price attended the Progress Conference, featuring discussions on technological progress and human flourishing, including Tyler Cowen interviewing Sam Altman.

PWV hosted a virtual Founder Meetup focused on the dynamics of AI-driven capital formation, convening founders and General Partners for an open discussion on market signals, risk, and strategic decision-making in the current funding environment.

Ideas start with founders. Founders start with PWV. PWV publicly announced the launch of Fund I, with Tom Preston-Werner outlining the fund's vision and approach in a blog post focused on building and backing extraordinary companies.

At a robotics hackathon sponsored by NVIDIA, Hugging Face, BMW, Siemens, and TUM, Poke & Wiggle achieved a significant industry milestone with the launch of the world's largest public robotics data farm.

Cursor raises $2.3B Series D

Cursor announces $2.3B Series D at $29.3B valuation, crossing $1B in annualized revenue with millions of developers using the AI-powered code editor.

Milestone raises $10M Seed Round

Milestone raises $10M in seed funding led by Heavybit and Hanaco Ventures to build the most trusted AI platform for maximizing ROI of generative AI coding for enterprises.

PWV hosted a virtual Founder Session on early-stage hiring, featuring Martin Kess (Purplefish) and the PWV General Partners, focused on sourcing, evaluating, and scaling technical teams.

Purplefish

PWV engaged with founders and industry leaders at BOOST 6 Demo Day, Suffolk Technologies' built environment accelerator showcase, focused on innovation across construction, design, real estate, and infrastructure.

Tom Preston-Werner was featured alongside Ralf Schönherr of Myriad AI in a ProSieben documentary reaching an audience of over 10 million, highlighting perspectives on technology, innovation, and the future of AI.

Myriad AI

fal raises $140M Series D

fal announces $140M Series D funding led by Sequoia, Kleiner Perkins and NVIDIA to scale their generative media platform globally.

PWV hosted a year-end Founder Holiday Toast, bringing together founders and the PWV team to close out the year and celebrate the community.