Ex-Atlassian CTO Sri Viswanath Raises $65 Million Seed for Enterprise AI Agent Platform Sycamore

Sycamore, an enterprise software startup founded by former Atlassian chief technology officer Sri Viswanath, has raised a $65 million seed round to build a platform that lets businesses deploy and monitor AI agents across their operations, according to a report by Axios published Monday. The round was co-led by Coatue Management and Lightspeed Venture Partners, making it one of the largest seed financings on record for an enterprise AI company. The raise reflects investor appetite for infrastructure tools that can manage AI agents as they proliferate across corporate IT environments. Viswanath served as CTO at Atlassian, the Australian enterprise software company behind Jira and Confluence, before founding Sycamore. His background in large-scale developer tooling informs the startup's focus: the platform is designed to help enterprises build, run, and observe AI agents operating inside existing software stacks. The funding arrives as businesses face a growing challenge managing autonomous AI systems that can take actions, interact with APIs, and operate across multiple applications simultaneously. Sycamore is positioning itself as a governance and observability layer in that stack, giving IT and security teams visibility into what AI agents are doing in production. Coatue and Lightspeed are active investors in the AI infrastructure sector. Coatue has positions in several AI companies including Mistral and Perplexity, while Lightspeed has backed companies including Grammarly and Ramp. Sycamore did not disclose its current valuation or customer count. The company is expected to launch its platform publicly in the coming months.