Decart

Decart was registered on September 7, 2023. In an October 2024 release the company said Oren Zeev’s Zeev VenturesZeev VenturesZeev Ventures is a venture capital firm founded and managed single-handedly by Israeli-born investor Oren Zeev, headquartered in Palo Alto, California, with no partners or employees; it invests mainly in software companies with Israeli connections, and its early investments include Navan, Houzz, Tipalti and Next Insurance.Open the full entry invested in September 2023 as its first investor.⁠[1][2]

It was founded by Dean Leitersdorf (chief executive) and Moshe Shalev (chief product officer), who had served together in the Israel Defense Forces’ Unit 8200.⁠[2][3]

Decart came out of stealth with a $21 million seed round led by Sequoia CapitalSequoia CapitalSequoia Capital is a venture capital firm founded by Don Valentine in 1972, investing from the seed stage through the growth stage. Its historical investments include Apple, Cisco, Google, YouTube, Airbnb, and Stripe; in 2021 it introduced the Sequoia Capital Fund structure, which can continue to hold public securities, and in 2023 its regional businesses became independent brands and partnerships.Open the full entry with participation from Zeev Ventures. It then had 25 employees, was based in Tel Aviv and had already achieved early profitability.⁠[2][4]

In their investment note, Sequoia partners Shaun MaguireShaun MaguireShaun Maguire is a venture capitalist and a partner on Sequoia Capital’s seed/early team; he earned a PhD at Caltech and previously co-founded the cybersecurity company Qadium (later renamed Expanse) and served as a partner at GV.Open the full entry and Dean Meyer called the Decart team “one of the most technically gifted teams” they had met.⁠[3]

The same day Decart released “Oasis: A Universe in a Transformer,” a playable AI-generated game world model that runs at 360p and 20 frames per second on Nvidia H100s, about 47 milliseconds per frame, optimized for Etched’s Sohu chip; the company released code and local model weights.⁠[5]

Oasis was trained on Minecraft gameplay video and simulates a Minecraft-like playable world; Decart did not say it had MicrosoftMicrosoftMicrosoft is a technology company founded by Bill Gates and Paul Allen in 1975 and headquartered in Redmond, Washington, with businesses spanning Windows, Microsoft 365, Azure, enterprise software, artificial intelligence, gaming and devices.Open the full entry’s blessing.⁠[6]

Decart raised a $32 million Series A led by Benchmark with Sequoia and Zeev participating, at a post-money valuation of more than $500 million according to sources; the company said it had been profitable since launch, with revenue in the millions.⁠[7]

In two months Decart had raised $53 million and had 35 employees, and Oasis reached one million users in three days.⁠[8]

The Technion announced a memorandum of understanding with Decart to build a joint AI research center and renamed its Excellence Program the Technion-Decart Excellence Program. It said Decart then had more than 50 employees, with offices at its Tel Aviv headquarters, in northern Israel, San Francisco and New York.⁠[9]

Decart raised $100 million at a $3.1 billion valuation, bringing its total to $153 million in 11 months while spending less than $10 million; Leitersdorf said the company was “here to build a billion-user consumer app.”⁠[10]

The new investors included Aleph, headcount had grown from 15 to more than 60 in a year, and the company said it had been profitable almost from the start.⁠[11]

On November 27, 2025 Noy Levinson, formerly of AWS, was appointed Decart’s general manager of strategy and business, and the company was opening a New York office.⁠[12]

By December 10, Leitersdorf had shown at AWS re:Invent that Decart’s video model ran about four times faster on Amazon’s Trainium chips than on GPUs, with peak output rising from 26 to about 101 frames per second; Decart considered itself one of Amazon’s largest AI-chip customers after AnthropicAnthropicAnthropic is an artificial intelligence research and product company founded in 2021 that develops the Claude models, assistant, and tools such as Claude Code, and operates as a public benefit corporation. Dario Amodei and Daniela Amodei are its co-founders, and its research covers model safety, interpretability, and steerability.Open the full entry.⁠[13]

Decart launched Lucy 2, which transforms and generates live video at 1080p and 30 frames per second with near-zero latency, and said it builds on the foundations of MirageLSD and Lucy Edit 1.0.⁠[14]

Brigadier General (res.) Yossi Sariel, a former commander of the Israel Defense Forces’ Unit 8200, joined Decart’s management.⁠[15]

Decart announced a $300 million round led by Radical VenturesRadical VenturesRadical Ventures is an artificial intelligence-focused venture capital firm founded by Jordan Jacobs and Tomi Poutanen shortly after the 2017 launch of the Vector Institute in Toronto. It invests from incubation and seed through growth and pre-IPO stages, and its portfolio includes companies such as Cohere, Waabi, and World Labs. In 2026, it co-led the investment in Discovery Loop, founded by Jeff Dean and others, and completed the first close of its late-stage Radical Breakouts Fund.Open the full entry, with new investors including NVIDIA, Atreides, Valor, AdobeAdobeAdobe (Adobe Inc.) is a software company headquartered in San Jose, California, founded in 1982 by John Warnock and Charles Geschke. Known for PostScript, PDF and creative software such as Acrobat, Photoshop, Illustrator, Premiere Pro and After Effects, it moved its main creative products to Creative Cloud subscriptions from 2013 and expanded into digital marketing and generative AI; it is listed on Nasdaq under the ticker ADBE.Open the full entry Ventures, Toyota Ventures and eBayeBayeBay Inc. is an online marketplace company headquartered in San Jose, California, United States, founded in 1995 by Pierre Omidyar; it started out with person-to-person online auctions and listed on Nasdaq in 1998. As of the end of 2025, it had 135 million active buyers, and its platform’s gross merchandise volume in 2025 was nearly $80 billion.Open the full entry Ventures, returning investors Sequoia, Benchmark and Zeev, and individuals including Andrej KarpathyAndrej KarpathyAndrej Karpathy is an AI researcher and educator, one of the founding members of OpenAI, who served as Tesla’s Director of AI and led the Autopilot computer vision team from 2017 to 2022, founded the AI education company Eureka Labs in 2024, and joined Anthropic in 2026 to work on pre-training research; at Stanford he designed and taught the university’s first deep learning course, CS231n, and he coined the term “vibe coding.”Open the full entry; it said it had raised more than $450 million in total, named Amazon as a strategic customer and launched DOS 2.0, its inference and training optimization stack.⁠[16]

Decart’s announcement did not state a valuation; the round reportedly valued the company at about $4 billion.⁠[16][17]

Decart released Oasis 3, which can simulate hours of photorealistic driving, priced at $0.02 per second through its API and aimed at autonomous driving, robotics and physical AI; the company said more than 100,000 developers use its platform.⁠[18]

Decart was reportedly in advanced talks to sell itself for $6–7 billion; earlier talks with Nvidia had stalled after higher bids emerged, SpaceXSpaceXSpaceX is a company founded by Elon Musk in 2002 whose businesses include space transportation, Starlink satellite communications and artificial intelligence. It went public in 2026 under the ticker SPCX.Open the full entry was rumoured as a bidder, and Amazon and Nebius had expressed interest. The company reportedly had about 100 employees and revenue of several tens of millions of dollars.⁠[1]

The same day, Decart was reported to have received offers of about $5 billion, with Nvidia believed to be among the bidders, though there was no certainty any deal would materialise.⁠[19]

A source said Anthropic was in talks to buy Decart. The valuation was reportedly about $6 billion, and a statement attributed to Elon MuskElon MuskElon Musk is an entrepreneur who founded SpaceX and has long served as chief executive of Tesla; he also took part in creating PayPal, OpenAI, Neuralink, The Boring Company, and xAI. He acquired Twitter in 2022, and his businesses span spaceflight, electric vehicles, energy, artificial intelligence, and social media.Open the full entry said SpaceX would not acquire Decart.⁠[20][21]

On August 16 Anthropic was reported to be close to a deal of about $7 billion, paid mostly in Anthropic shares, and Nvidia was believed to have offered a higher valuation.⁠[22]

Anthropic reportedly decided against acquiring Decart after due diligence; both companies declined to comment.⁠[23][24]

Amazon was reportedly in talks to buy Decart at a valuation of about $7 billion, and negotiations had not been finalised. Decart had not disclosed its revenue, and its models already ran on Amazon’s Trainium chips.⁠[25][26]

According to accounts on October 13, Amazon’s price was about $5.5 billion, signing could come by the end of October, Nvidia had declined to reopen talks and the company had fewer than 100 employees. As of October 24, 2026, neither Decart nor Amazon had confirmed any deal.⁠[27][28]

Decart: Official website: https://decart.ai/ (opens in a new window)⁠[28]

X: Official account: https://x.com/DecartAI (opens in a new window)⁠[28]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Official page: https://www.linkedin.com/company/decart-ai/ (opens in a new window)⁠[28]