Decade builds software for industrial operations and manufacturing optimization.
$85MSeed
An $85M seed round for manufacturing software is absurd on its face—this signals either (1) Greenoaks saw a pre-product wedge into a Fortune 500 customer, or (2) the industrial ops space finally has enough cloud/AI infrastructure that VCs believe software can actually stick there. Either way, if you're building B2B SaaS for any legacy-heavy vertical, this proves the TAM math works if you can get past the sales cycle. Watch whether Decade's burn rate justifies the check size—that'll tell you if industrial is actually ready for venture-scale software or if this is a one-off bet.