Context raises $11M to launch the first AI-native office suite, valued at $70M

Context, a new productivity startup built entirely around AI from the ground up, has raised $11 million in seed funding at a $70 million valuation. The round was led by Lux Capital with backing from Qualcomm Ventures, General Catalyst, and others. The company claims it’s the first true AI-native office suite — and judging by the 60,000+ people already on the waitlist, it has hit a nerve.

The startup was founded in 2024 by Joseph Semrai, a Thiel Fellow and repeat AI founder with products already used by millions. He pulled in talent from Stanford, Google, Microsoft Research, HeyGen, and other high-growth teams. The goal? Rethink the way we handle documents, data, and presentations — not by slapping AI onto old software, but by rethinking productivity from scratch.

The Problem: Legacy Tools Still Dominate

If you’ve used a spreadsheet or word processor in the last decade, you’ve probably noticed how little they’ve changed since the 1990s. We’re still manually typing into cells, formatting slides, and piecing together reports — often repeating the same tasks week after week. Research shows that this type of busywork adds up to trillions of wasted hours and billions in lost productivity every year.

Big tech firms have tried to bolt AI onto their existing tools, but the results feel disjointed. Legacy code wasn’t built for this, which is where Context comes in.

Instead of retrofitting old products, Context is building a new office suite from scratch, with AI baked into every layer. Its Context Engine can handle massive amounts of information — over 50 million tokens — without losing the thread. Users upload notes, files, or early drafts and describe what they want. Context takes it from there, generating reports, presentations, and spreadsheets that are nearly final and ready to refine or share.

All of this runs locally, with support across web, desktop, and mobile, giving enterprises and government clients more control over where their data lives.

What Context Offers

Context’s suite includes AI-powered tools built to replace the usual manual grind. Its AI Documents feature can turn raw notes or a few prompts into polished reports, proposals, or white papers. For presentations, AI Slides builds executive-ready decks with structured formatting and clean narrative flow, no fiddling with bullet points or design needed.

When it comes to number crunching, AI Spreadsheets handles complex data analysis, forecasting, and visualization—no formulas required. Developers can use Data Analyst to speed up coding tasks, from generating new scripts to reviewing and debugging existing ones.

Need quick answers from internal or external data sources? Deep Research pulls together accurate, synthesized responses. And with Enterprise Search, users can instantly surface insights buried across tools, files, and conversations—cutting through the noise to find what matters.

“More than a trillion hours of productivity every year are wasted on mundane tasks like building reports, slides, and spreadsheets, all with information that already exists within an organization,” said Joseph Semrai, Founder & CEO of Context. “Our mission is to unleash knowledge workers by creating the world’s most trusted, advanced, and secure productivity platform for individuals, enterprises, and governments alike.”

Backed by Lux and Qualcomm, Context Debuts $70M AI Office Suite to Kill Busywork

Context has teamed up with Qualcomm to help run its AI tools directly on devices using Qualcomm’s next-gen NPUs. That means faster results, tighter security, and a shot at becoming the default productivity layer for the next wave of AI-enabled PCs.

“Context will be the backbone of AI-powered productivity, unlocking billions in value currently trapped in legacy workflows for Fortune 500s and governments alike,” said Tushar Gupta, Managing Director of North America at Qualcomm Ventures. “We’re excited to partner closely with a visionary team that is truly reshaping the future of knowledge work.”

Headquartered in Palo Alto, Context is positioning itself as more than just another office tool — it wants to replace the entire category. Backed by top-tier investors and a product built for AI from the ground up, it may be one to watch closely.