Inference has spent years getting better at generating tokens.

But agents don't get paid to generate tokens. They get paid to finish jobs.

Optimizing individual requests won't solve the whole workflow.

@pasha_aqil talks about why inference needs a rethink: jumpcap.com/insights/infer…

AI is changing the shelf life of security assumptions.

Researchers used AI to demonstrate that previously impractical PHP vulnerabilities could be exploited. Discovery is accelerating, but patching can't always keep pace.

Saaya Pal + Eliza Chamberlain on why exploitability rability counts:

jumpcap.com/insights/from-…

The verdict is in: Pluto is officially out of stealth with $42M in funding! ☄️

Pluto isn’t just a planet - it’s where AI gets the freedom to thrive, safely. 🪐

We started with a simple belief: security should enable businesses to move faster, not hold them back. One year later, points and is trusted by dozens of enterprises.

That belief extended beyond our product; we’re committed to helping everyone deploy AI safely through cutting-edge research, open-source tools, and a people-first security community.

Huge thanks to our incredible team across Israel and the US, to Jump Capital, TLV Partners, and all the amazing investors backing us, and of course to the customers who trust us with their most critical environments.

Proud to back @trmlabs as they launch Ardence, bringing AI-powered, all-source investigations to law enforcement, defense, and the private sector.

AI may not shrink product + engineering teams. It could make them bigger.

@nikesharora says @PaloAltoNtwks won’t cut its ~6,000 engineers even if AI doubles productivity. If AI also reduces the support required around building and shipping products, more resources could move iving innovation.

@sachchitnis + Will Walker on what AI does to the org chart:
jumpcap.com/insights/the-t…

AI adoption isn’t the same as AI ROI.

9 in 10 CEOs @EYnews surveys can’t show where the return lands in the income statement, even as productivity rises and spending continues.

We think whoever connects AI usage to business outcomes could end up building something much bigger jumpcap.com/insights/every…

Periodic pentesting made more sense when sophisticated attacks were expensive and relatively scarce.

AI is changing both sides of that equation.

The emerging opportunity: continuous offensive validation.

Saaya Pal + Eliza Chamberlain:
jumpcap.com/insights/from-…

Living rent-free in @yshkolnik's head: the codebase is starting to move faster than the organization’s understanding of it. Her latest blog argues that we need a new layer for what comes next: codebase intelligence.

Everyone downstream of the merge needs to catch up:
jumpcap.com/insights/the-c…

The latest Jump Off Point is out.

This month: what AI does to the product org chart, why the core may not be the real core banking problem, where security moves as agents gain autonomy, what’s happening with cyber funding, plus portfolio news, events + who’s hiring.

Catch up with us↓
jumpcapital.substack.com/p/collapsing-o…

80% of people in @McKinsey's latest State of AI survey say AI has made them more productive. Only 37% of organizations attribute any EBIT impact to it.

The difference? Nearly 3/4 of AI high performers have fundamentally redesigned workflows around AI, vs. about 1/4 of everyone tter tools isn’t the same as changing how a company works.

Will Walker + @sachchitnis on why AI transformation may be less of a tooling problem and more of an inertia problem: jumpcap.com/insights/every…

Cybersecurity companies are raising bigger rounds earlier. But more capital also comes with a higher bar. Or as, Jump Capital Partner @saayanath put it in a @SPGMarketIntel article, “The bigger rounds buy you the scope to actually build a platform, but they also compress the e unpacked what’s behind the shift, how AI is changing what security companies need to build, and why capital is increasingly concentrating around fewer, higher-conviction bets: lnkd.in/gGBgaUtM

Congrats to the @TrueFoundry team on the agent harness launch!

TrueForge is:
- Vendor-neutral: any model, any MCP server
- Open source (MIT license)
- Benchmarked at up to 50% lower cost than Claude Managed Agents, with the same accuracy

Worth a look if you're building with agents.

Identity authorizes what an agent can do. Runtime monitors and enforces what it actually does. Endpoint sees where it's doing it.

Do you need all three?

Our read from @BlackHatEvents: not one vendor absorbing the other two, but consolidation organized around the moment of moment of access.

Execution is the only moment all three are adjudicating the same event: jumpcap.com/insights/black…

"Agents will replace engineers" and "agents just make slop" are both wrong.

The real shift: execution goes to zero, judgment concentrates.

Sach & Will explore the shift: jumpcap.com/insights/the-t…

Fund 8 is only part of the story.

Our latest edition goes past the headline number:
• Yelena: the AI-agent generalist vs specialist debate is really an org chart
• Welcome Eliza Chamberlain
• Our 6 top-of-mind topics for @BlackHatEvents USA

Full edition: jumpcapital.substack.com/p/announcing-j…

We closed Fund 8 at $350M. Here's what we're doing with it.

Backing founders across three shifts reshaping enterprise AI:

→ The application layer, being rebuilt as software finally does the work
→ The infrastructure nobody posts about, making it all reliable
→ Security, for now acts on its own

Full thesis 👉 jumpcap.com/insights/jump-…

We've closed our 8th fund at $350M.

We're putting it behind founders chasing the leapfrog moments AI is opening in legacy industries: the places manual process and complexity kept better software out.

Thanks to @Yueqi_Yang at @theinformation for the write-up: theinformation.com/newsletters/de…

If you're building the future of money, you'll probably know someone in the room next Wednesday.

Join us on July 22 for Chicago Builds: The Future of Money in Chicago's West Loop during TechChicago Week.

See you there: luma.com/48bcksp6

The more AI enterprises adopt, the more implementation, integration, migration, and change management work gets created.

That feels like a large opportunity to us: jumpcap.com/insights/ais-n…

Some corners of financial infrastructure got APIs.

Some got AI.

Transfer agents got...fax-machine energy.

Excited to back @vinylequity as they modernize one of the most overlooked layers of the capital markets stack: jumpcap.com/insights/why-w…