AI 'amnesia' startup Graphon raises $35M Series A
What's the deal? Graphon AIDealroom has a profile for this one. Try Dealroom →, a San Francisco startup building memory software for AI agents, has raised a $35 million Series A. RRE Ventures led the round, with Energy Impact PartnersDealroom has a profile for this one. Try Dealroom →, Hitachi VenturesDealroom has a profile for this one. Try Dealroom →, Gaia VC, and HP participating.
What's the problem? AI agents can write code, search databases, and run multistep tasks, but they lose track of past conversations and struggle to parse large, changing troves of company data. Graphon maps the connections among a company's documents, videos, and images — including where information came from and when it changed.
Founder and chief executive officer Arbaaz Khan compared common AI search systems to tearing pages out of a book, crumpling them, and tossing them in a bin. "Now when you go searching that trash can, you're just trying to find the pieces to answer," he said. Graphon instead creates a connected "fabric" of information that works with off-the-shelf agents like ClaudeDealroom has a profile for this one. Try Dealroom → or GPT.
By the numbers: The round sits above the 95th percentile for US enterprise software Series A deals, based on a sample of 5,242. It follows a roughly $8 million seed round earlier this year. Graphon, which has 20 employees, says the San Francisco 49ers and HP already use its software.
What's the money for? Graphon plans to hire engineers and researchers, plus some sales and go-to-market staff. It expects to stay focused on enterprise customers — targeting industrial, financial services, and healthcare firms — before moving into personal devices and consumer products.
What could go wrong? Graphon must prove its approach delivers reliable results and wins paying customers before model and cloud providers bundle similar capabilities into their own products.
The signal: Agent memory is emerging as a distinct enterprise-AI infrastructure category rather than a feature. Mem0 raised $24 million across seed and Series A rounds in 2025, and Europe's Interloom secured a €14.2 million seed round in March. Graphon's $35 million is a notably larger bet on the same problem, wagering that a model-neutral layer preserving relationships and provenance can become paid infrastructure.
Read more: Business Insider
Image credit: Graphon AI
