Last Decart valuation
$4B
Undisclosed stage · May 2026
Last Decart funding round
$300M
Undisclosed stage · May 2026
Cumulative funding Decart raised
$456M
across 5 funding rounds
Key investors in Decart
Sequoia Capital
Benchmark
Zeev Ventures
Valor Equity Partners
NVIDIA
Aleph
About Decart
Decart is a Paris-based developer of AI models converting live video streams into interactive 3D environments for virtual production. The technology generates real-time backgrounds and assets for streaming on platforms like Twitch, using efficient training on NVIDIA clusters. Founded in 2023, Decart enables broadcasters to create immersive content without green screens, partnering with European media firms.
Founded
2023
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$4B (May 2026)
Decart Valuation
Decart is currently valued at $4B, based on its undisclosed-stage round in May 2026.
The $300M round was led by Radical Ventures, with participation from NVIDIA, Toyota Ventures, Atreides Management, Benchmark, eBay Ventures and 6 other investors.
Decart's valuation has grown 40x from $100M at its seed round in October 2024 to $4B in May 2026, across 4 priced rounds.
Decart valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Undisclosed stage | $4B |
| Aug 2025 | Series B | $3.1B |
| Dec 2024 | Series A | $500M |
| Oct 2024 | Seed | $100M |
Decart Funding History
Decart has raised a total of $456M across 5 funding rounds.
Decart's first fundraising round was a $3M seed round in December 2023. The most recent completed round was a $300M undisclosed-stage round in May 2026.
Decart funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Undisclosed stage | Radical Ventures (lead); NVIDIA; Toyota Ventures; Atreides Management; Benchmark; eBay Ventures; Sequoia Capital; Adobe Ventures; Andrej Karpathy; Manhattan Venture Partners (MVP); Yamauchi-No.10 Family Office; Valor Equity Partners | $300M | $4B | Decart raised $300 million in May 2026 at a $4 billion valuation in a funding round led by Radical Ventures, with participation from NVIDIA, eBay Ventures, Adobe Ventures, Toyota Ventures, Atreides Management, Valor Equity Partners, and existing investors including Sequoia Capital, Zeev Ventures, and Benchmark. The round also included private investors such as Andrej Karpathy and Michael Eisner. Amazon joined as a strategic customer, while NVIDIA’s investment and business partnership were tied to accelerating infrastructure expansion and real-time AI system development. The company had previously raised $100 million at a $3.1 billion valuation in August 2025, bringing total capital raised to more than $450 million. Decart is an Israel-based artificial intelligence company focused on a real-time AI infrastructure and world-model platform, with product lines including DOS, Lucy, and Oasis. Its stated applications span low-latency inference and training, immersive experiences, and physical AI systems. The transaction was structured as a primary financing round rather than an acquisition, with no revenue or EBITDA disclosed. |
| Aug 2025 | Series B | Zeev Ventures; Aliya Capital Partners; Peter Thiel; Regah Ventures; Aleph; Benchmark; Sequoia Capital; Valley Capital Partners | $100M | $3.1B | Decart is an Israeli artificial intelligence company founded in 2023 that specializes in real-time generative video technology and GPU optimization. The company's core offering is a proprietary GPU optimization stack that drastically reduces the cost of generating video content using diffusion models, from hundreds or thousands of dollars per hour to under $0.25 per hour—enabling real-time AI video generation to be commercially viable at scale. The company operates a dual revenue stream model: licensing its GPU optimization technology to cloud providers and AI laboratories through multi-million-dollar contracts, and developing consumer-facing applications including Oasis (launched November 2024, which reached over one million users within three days) and MirageLSD (launched in August 2025). In August 2025, Decart closed a $100 million Series B funding round at a $3.1 billion post-money valuation, its third funding round in eleven months bringing total capital raised to $153 million. Sequoia Capital, Benchmark, and Zeev Ventures (all existing investors) participated alongside new investor Aleph VC. The company has demonstrated exceptional capital efficiency, funding tens of millions in GPU compute costs through revenue while spending less than $10 million of investor capital despite raising $153 million total. The round was designated for expanding research and development, scaling infrastructure, growing headcount to support market expansion, and accelerating go-to-market efforts. Decart's GPU optimization technology addresses a critical bottleneck in generative AI by reducing production costs per hour of generated video content from the range of tens to thousands of dollars (exemplified by Google's Veo 3 Fast model at $1,400 per hour) down to under 25 cents. This cost breakthrough has generated revenue from day one through multi-million-dollar licensing contracts with cloud providers and AI laboratories. With 43 employees as of the funding announcement, Decart positions itself in a rapidly expanding market projected to grow from approximately $600 million in 2023 to $9.3 billion by 2033 at a compound annual growth rate exceeding 30%. |
| Dec 2024 | Series A | Benchmark (lead); Zeev Ventures; Sequoia Capital | $32M | $500M | Decart.AI, a San Francisco-based AI startup with operations in Israel and Tel Aviv, develops a vertically integrated AI research lab focused on efficient GPU optimization for training massive AI models at scale, reducing costs by tenfold, alongside consumer products like Oasis, an open-world AI video model with real-time generative capabilities that has attracted millions of players. Its enterprise product, which optimizes GPU usage, achieved early profitability and generated millions in revenue before the company emerged from stealth. Decart emerged from stealth in late 2024 with a $21M seed round from Sequoia Capital and Zeev Ventures at over $100M valuation, followed quickly by a $32M Series A on December 19, 2024, led by Benchmark with participation from the seed investors, bringing total funding to $53M and boosting post-money valuation to $500M. The Series A funds will enhance Oasis using advanced chips like Etched's Sohu processor, develop additional foundation models, and enable augmented and virtual reality applications to make immersive experiences accessible. Decart's rapid fundraising reflects strong investor confidence in its technical achievements and market traction, with CEO Dean Leitersdorf emphasizing a mission to impact billions through responsive real-time AI integrated into dynamic systems. The company grew to 35 employees and aimed for profitability by end-2024 despite aggressive scaling. Sources note the startup's pivot from AI infrastructure services—already earning significant enterprise revenue—to proprietary real-time video generation models rivaling leaders like OpenAI and Anthropic. Later developments include a 2025 Series B round of $100M at $3.1B valuation with continued support from Sequoia, Benchmark, and Zeev Ventures plus new investor Aleph VC, bringing total funding to $153M for scaling the real-time creative AI platform, model improvements, infrastructure, and enterprise expansion in marketing, commerce, and entertainment. |
| Oct 2024 | Seed | Sequoia Capital (lead); Zeev Ventures (lead); Aaron Applbaum | $21M | $100M | Decart.AI Inc., a Tel Aviv-based AI infrastructure platform founded in late 2023 by Dean Leitersdorf and Moshe Shalev, secured $21 million in a seed round in October 2024 led by Sequoia Capital with participation from Oren Zeev of Zeev Ventures. The startup develops efficient systems-level AI infrastructure to improve training and inferencing of large generative models, enabling real-time inference and enhancing model training efficiency. The funding aims to accelerate generative AI innovations, including an interactive AI video game called Oasis, which features real-time generative capabilities and runs on Nvidia H100 GPUs with plans for Etched's Sohu chip. This seed round preceded a Series A of $32 million in December 2024 led by Benchmark, with Sequoia and Zeev Ventures participating, boosting post-money valuation over $500 million (seed at just over $100 million). Decart claims revenue in the millions from its enterprise product optimizing AI clusters and achieved profitability upon launch in early November 2024, remaining on track through year-end. The company employs around 25 people and focuses on enterprise and consumer products from its vertically integrated AI research lab. By August 2025, Decart raised $100 million at a $3.1 billion valuation, its third round in 11 months for total funding of $153 million, with continued support from Sequoia, Benchmark, and Zeev Ventures, plus new investors like Aleph VC. Funds support hiring, foundation model development for AR/VR, and advancements in models like Mirage and Oasis to reduce GPU costs and enable human-like interactions in enterprise AI agents, despite spending less than $10 million of prior capital. |
| Dec 2023 | Seed | VeroPath Capital | $3M | - | - |
Who has invested in Decart?
20 investors have backed Decart across its funding rounds, including Sequoia Capital, Benchmark, Zeev Ventures, Valor Equity Partners, NVIDIA and Aleph.
Lead investors include Radical Ventures, Benchmark, Sequoia Capital and Zeev Ventures.
Decart Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Oct 2024 | |
| San Francisco, CA | 3 | Lead | Oct 2024 | |
| San Francisco, CA | 3 | Lead | Dec 2024 | |
| San Jose, CA | 1 | Participant | May 2026 | |
| San Francisco, CA | 1 | Participant | May 2026 | |
| Miami, FL | 1 | Participant | Aug 2025 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Peter Thiel | San Francisco, CA | 1 | Participant | Aug 2025 |
| Boston, MA | 1 | Participant | May 2026 | |
| New York City, NY | 1 | Participant | Aug 2025 | |
| Aaron Applbaum |  Israel | 1 | Participant | Oct 2024 |
| Israel | 1 | Participant | Aug 2025 | |
 Toronto | 1 | Lead | May 2026 | |
| San Jose, CA | 1 | Participant | May 2026 | |
This data is available for Pro users. Sign up to see all 20 Decart investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDecart Competitors
Decart competitors include listed companies like Presight AI and Amdocs, and private ones like ElevenLabs, Dataminr, Vanta and Nexthop AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Warsaw | Private | $500M | - | $11B | 22.0x | |
| New York City, NY | Private | $200M | - | $4.1B | 20.5x | |
| San Francisco, CA | Private | $220M | - | $4.2B | 18.9x | |
| San Jose, CA | Private | - | - | $4.2B | - | |
 UAE | Publicly listed | $825M | $214M | $5.7B | 5.4x | |
| United States | Publicly listed | $4.5B | $922M | $6.3B | 1.5x |
Decart Public Comps
Decart is still privately-owned, but its public comps include Presight AI, Affle 3i, Ncino, Haizhi, Beijing Jetsen Technology, C3.ai, Wenge AI, Amdocs, TRS Information Technology and PCITECH.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
| $394M | $255M | 5.3x | - | 8.2x | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $4.5B | $922M | 1.6x | 1.5x | 7.9x | 6.0x | |||
This data is available for Pro users. Sign up to see all Decart competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Decart
| When was Decart founded? | Decart was founded in 2023. |
| Where is Decart headquartered? | Decart is headquartered in San Francisco, CA, United States. |
| Is Decart publicly listed? | No, Decart is a private, VC-backed company. |
| What is Decart's valuation? | Decart was last valued at $4B in its undisclosed-stage round in May 2026. |
| How much funding has Decart raised? | Decart has raised $456M across 5 funding rounds. |
| What was Decart's last funding round? | Decart's last funding round was a $300M undisclosed-stage round in May 2026, led by Radical Ventures. |
| Who are Decart's investors? | Decart's investors include Sequoia Capital, Zeev Ventures, Benchmark, NVIDIA, Toyota Ventures, Aliya Capital Partners, Peter Thiel, Atreides Management, Regah Ventures, Aaron Applbaum and 10 others. |
| Which companies are comparable to Decart? | Companies comparable to Decart include ElevenLabs, Dataminr, Vanta, Nexthop AI, Presight AI and Amdocs. |
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