Operand Research · Mar 2026
Operand's March 2026 research note argues software underwriting must account for AI displacement risk and valuation regime changes.
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Operand is a private-markets intelligence firm that supports private equity firms across the deal lifecycle, from quantitative commercial diligence to post-close value creation.
Primary product
Private-markets intelligence platform and services for PE diligence and value creation
Founded
2024
Headquarters
San Francisco, California, United States
Team size
1-10
Industry
Private markets intelligence
Sub-industry
Private equity diligence and value-creation intelligence
Offices
0 jobs at Operand
Check back later for new openings
Business model
Stage
Seed
Total raised
$3.6M
Latest round
Seed · May 2025
Latest amount
$3.1M
May 2025 · Felicis
Mar 2025 · Pioneer Fund
Jan 2025 · Y Combinator
Leadership
Co-Founder, CEO
Co-Founder, CTO
Co-Founder, COO
Founding Member
Investors
Research-heavy and execution-oriented, with two public operating functions: Operand Research and Operand Applied. Hiring is rolling, and the company emphasizes frontier AI, client deployment, and measurable outcomes.
Differentiators
Technology
Customers
Operand Research · Mar 2026
Operand's March 2026 research note argues software underwriting must account for AI displacement risk and valuation regime changes.
arXiv · Oct 2025
Academic paper describing Operand Quant, a single-agent architecture that achieved a new state-of-the-art result on the MLE-Benchmark.
FinSMEs · May 2025
Reports Operand's $3.1M seed round led by Felicis, with participation from Y Combinator, SV Angel, Soma Capital, and Ali Rowghani.
Felicis · May 2025
Felicis explains why it led Operand's seed, describing the company as AI-driven strategic consulting for consumer retail and highlighting the founding team.
Y Combinator · Feb 2025
YC's company page describes Operand as an AI system that replaces traditional consulting by analyzing company data for pricing, discounts, ad strategy, inventory, and more.