Engram Raises $98M in Funding
Engram, a San Francisco-based software startup building a learned memory layer for AI, has emerged from stealth with $98 million in funding. The company aims to solve the problem of AI models having to relearn organizational context on every query, which is a major driver of cost and inefficiency in enterprise AI deployments.
This funding round was backed by 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.
Engram plans to use the capital to scale the training of its models and further develop its technology, which compresses institutional knowledge into compact, reusable memory that allows AI agents to operate more efficiently and performantly.
Founded in 2026 by researchers from Stanford, Berkeley, and Cornell, including CEO Dan Biderman, CTO Sabri Eyuboglu, Jessy Lin, Jack Morris, Scott Linderman, and Chris Ré, Engram builds a learned memory layer that allows AI models to study an organization's specific context, making them smarter and more cost-efficient the more they are used.
Funding Details
Company Website: https://engram.com/
Company: Engram
Raised: $98M
Funding Date: June 23, 2026
Additional Investors: General Catalyst, Kleiner Perkins, Sequoia Capital, Factory, Modern, Amplify Partners, Neo, Assaf Rappaport, Andrej Karpathy, Pieter Abbeel
Company Website: engram.com
Software Category: Artificial Intelligence