Venture Capital News: Engram Launches With $98M
2026-06-23
SAN FRANCISCO, CA, Today, Engram, the company building the learned memory layer for AI, emerged from stealth with $98 million in funding.
The funding comes from General Catalyst, Kleiner Perkins, Sequoia Capital, Factory, Modern, Amplify Partners, Neo and notable angels and advisors, including Assaf Rappaport, co-founder and CEO of Wiz, Andrej Karpathy, co-founder of OpenAI, and Pieter Abbeel, AI and robotics pioneer and co-director of the Berkeley AI Research Lab.
Engram is building AI that actually knows your organization. Its models study an organization's world in advance, forming a compact, continuously improving memory unique to each customer. Founded by leading AI researchers from Stanford, Berkeley, and Cornell, Engram compresses that knowledge into reusable model memory that matches or outperforms frontier models while using 1-10% of the tokens. The AI gets smarter the more you use it, and you own the memories.
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