Accel

Deals & regulation

1. Jun 17

   Invested in Twenty · $100M at $1B

Trends

• US export controls extend from chips to frontier models

Items

1. Sep 24

   Ando raises $20M for human-agent messaging

   Backed by Accel, Index Ventures, and Emergence Capital, Ando is building a messaging platform where human teams and AI agents work side by side and accumulate shared context over time.

2. Jun 17

   Twenty raises $100M for offensive-cyber AI

   The Arlington startup builds AI-enabled offensive-cyber systems for US military and intelligence customers; Point72 Ventures and Caffeinated Capital joined the round at a ~$1B valuation, bringing total funding to $138M.

3. Apr 15

   Accel raises $5B for AI

   The firm raised a $4B Leaders fund for 20-25 late-stage AI companies at about $200M per check plus $650M for follow-ons, as Q1 2026 global VC hit a record $297B, 2.5x the prior quarter.