Accel and IVP back two former Slack leaders with $34 million for a shared memory layer for AI agents

Thesaasnews dates Scuba's founding to 2026 ^[7], and the Business Wire release is dated October 13, 2026 ^[8], so two rounds totalling $34 million closed in at most about nine and a half months ^[14]. An even split would put $17 million in each ^[15], although the release does not state the split, a valuation, revenue or customer numbers ^[11]. Weiss and Falola have worked together since 2011, which is 15 years across Google, Foursquare and Slack, and Scuba is their fourth stop together ^[6][16].

The round supports more than one reading. Investors may be paying for the product. They may be paying for the argument behind it, which the release puts as the claim that AI gives teams instant answers but their competitors get the same ones, averaged from the public internet ^[13] (a claim about the market, made by the seller). Or the six funds ^[18] and the angels from 18 companies ^[17] may be backing two operators for their record. In our view the third explains most of the round, because it is the only input with 15 years behind it ^[16] and the product is under ten months old at most ^[14].

The product also depends on software it does not control. Teams connect Scuba to Claude, ChatGPT, Cursor and Slack through MCP, or bring @Scuba into Slack ^[9]. Each of those could add team-level memory of its own, and a native feature from any one of the four would compete directly with a layer that sits between teams and agents. Slack is the odd entry on the list: Weiss was its Chief Product Officer and Falola was an engineering leader there ^[5].

The stated use of the money is product expansion, hiring and go-to-market, according to Thesaasnews ^[12].