February 2026 Update
What's new and what's next at SPC
We're only two months into 2026 and already celebrating unicorn raises, new launches, and a decade of building at SPC.
If you’re interested in joining SPC, apply here.
Events at SPC
South Park Commons celebrated our 10th anniversary the best way we know how: live demos. Amidst the science fair-style booths, founders, members, alumni, and friends gathered to discuss building the future (and see it with their own eyes). At its foundation, our community is shaped by curiosity and the willingness to stay with the unknown. What began as ten people gathered around Ruchi’s dining table, has grown into something enduring.
In celebration of a decade, we shared our 10-year anniversary video—a reflection on what it means to keep showing up before the idea exists.
The momentum didn’t stop there. We hosted a Minus One conversation with Tony Xu (DoorDash CEO) and a talk on Consciousness, Intelligence & Spirituality with Swami Sarvapriyananda. Demo Night in SF spotlighted explorations on the frontier. In Bangalore, SPC India hosted Building for Bharat, a demo night showcasing founders building for the Indian market, and a fireside chat with the Anthropic CTO, Rahul Patil.
Fund Updates
It’s been a remarkable start to the year for SPC companies.
Baseten raised $300M Series E at a $5B valuation, led by IVP and CapitalG to power model inference for app companies at scale.
Render raised $100M in a Series C extension at a $1.5B valuation led by Georgian to give developers an intuitive path to reliable and scalable cloud infrastructure.
Profound raised $96M in a Series C at a $1B valuation led by Lightspeed to build AI agents that take marketing from concept to execution and define how brands are represented in an AI-first world.
Goodfire raised a $150M Series B at a $1.25B valuation led by B Capital, advancing the frontier of AI interpretability for LLMs.
Koah raised $20.5M in a Series A led by Theory Ventures to power monetization for AI-native applications with privacy-first, LLM-native ad formats.
Fulcrum raised $25M in combined Seed + Series A funding led by CRV to build AI-first workflow automation for insurance brokerages.
DealMomentum was acquired by Salesforce. The conversational insights and revenue orchestration platform will be integrated with Agentforce 360 to ground agents in the voice of the customer.
ProducerAI was acquired by Google Labs to enable artists to create and refine songs through AI-powered collaboration.
Member Updates
Product Launches & Company News
Nirva debuted at CES 2026 — an AI wearable designed to be worn all day that journals your life, tracks mood, and offers personalized guidance.
Kenneth & Oliver launched Bedside, taking coordination work off clinicians’ plates, so they can spend more time delivering care.
Sunain Labs open-sourced Sunain Gameplay, a ~2M-frame dataset of gameplay data for world models and video generation.
Personal Projects, Explorations & Publications
Raveesh published a deep-dive on continual learning.
Bryson wrote a blog post on conditioning diffusion models.
Ed published research on finetuning multiagent systems end-to-end as a novel workaround for catastrophic forgetting in continual learning.
Vatsal wrote an article on World Models, drawing from philosophy and ML to offer a fresh perspective on the space.
Coming Up
Team Updates
We’re excited to share three team promotions!
Jonathan Brebner is now a General Partner. Formerly SPC’s Chief Storyteller, he helped shape -1 to 0.
Mark Jacobstein joins full time as a General Partner after 6 months as a Visiting Partner.
Dylan Itzikowitz is now Partner and Head of SPC NYC, where he’s led the community’s growth
Recent Content
We released new conversations with Andrew Yang, Waseem Daher, and Anurag Goel on the Minus One Podcast. From AI’s broader societal impact to the day-to-day realities of building companies, these are real looks at decisions in motion.
Thanks for reading! The work continues.
Interested in SPC? Apply to join us here.
"Keep showing up before the idea exists" is doing a lot of work in ten words. Most communities optimize for the legible bet. The rare ones hold space for the period before it has a name; when you're building toward something you can feel but can't yet articulate. Ten years of that is something.
Congrats on the decade.
Hey there - I’ve been following SPC’s work, posts for a while. Big fan of the sense of
aesthetics and design thinking that you guys have in your videos.
Would love to chat with the content/storytelling team for a chat to explore working together.
Cheers!