WhiteMatter, a startup that sells software to control the AI agents companies deploy, raised $20 million in a Series A round led by Blumberg Capital, the company announced Tuesday.
Existing investors Crew Capital and Sprout & Oak also took part, according to the company's release.
The lead investor is betting that big companies will soon run more agents than people. "Agents are the next wave and could soon outnumber employees inside enterprises," said Pramod Gosavi of Blumberg Capital.
What the company sells
WhiteMatter, formerly called QuilrAI, is based in San Francisco and Austin, Texas. Enterprises route their AI agents through its platform across employee devices and browsers, software-as-a-service apps, cloud systems and code, the company said.
The platform registers agents, models, and MCP servers, the connectors that let AI models use outside tools and data. It checks each action an agent takes before and after it runs, and routes agent traffic through a single gateway to track spending, according to the release.
Each agent is paired with a "Guardian" agent that enforces company policy. The system creates a new Guardian automatically when a new agent is added, the company said.
WhiteMatter said its system makes a policy decision in 2.24 milliseconds and handles up to 7,800 actions per minute. It also said it recorded no duplicate executions across 1 million tests. The release does not say who ran those tests or under what conditions, and no independent benchmark was available.
Growth claims
The company said it manages more than 2.25 million agents and expects more than 5.5 million by the end of the year. It said it has governed more than 116 billion AI interactions and saved customers more than 11 trillion tokens, the units AI models are billed in, over the past nine months.
WhiteMatter said its customer base tripled and revenue grew about five times over six months, without giving a starting figure. It reported net revenue retention of about 200%, meaning existing customers now spend about twice what they did a year earlier, and no customer losses.
Named customers include Sentara Health, Alter Domus, New American Funding and Concentrix, according to the release.
"We're not governing AI to slow innovation," said Zishan Siddiqui, chief information security officer at Sentara Health. He said governance lets the health system adopt AI across its 35,000-person workforce.
Demetry Zilberg, chief technology officer at Alter Domus, said his company runs governance checks before agents go live and policy checks on every tool call through one gateway.
Use of funds and background
WhiteMatter plans to spend the money on research, product development, sales and marketing expansion, and senior hires, the company said.
Founder and CEO Vidit Arora was a founding member of security analytics company Securonix, where he spent more than a decade building products, according to the release.
"Despite all the discussion about pausing AI development, enterprises are doing the opposite," Arora said.
The company emerged from stealth as Quilr in April 2025 with a platform aimed at security breaches caused by employee error. Crew Capital led that seed round, with Sprout & Oak participating, according to a Quilr release from the time. That release did not disclose the amount.
