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UPDATED 2026.10.05
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#1

AfterQuery

Commercial
medium confidence
www.afterquery.com ↗ · Status: active confirmed · Founded 2025

AfterQuery is a San Francisco applied-research lab and expert-data company (YC W25). It supplies AI labs with expert-generated SFT and RL data, rubrics, agent environments and computer-use trajectories, drawn from a stated network of nearly 100,000 verified professionals. Forbes reported it was raising at a $3.2B valuation in Sept 2026. NVIDIA's Nemotron 3 Ultra report names AfterQuery tasks in its GDPval training recipe. The company publishes or co-builds real-task benchmarks (FinanceQA, VADER, IDE-Bench, SpreadsheetBench 2, Legora BAR) and is adding forward-deployed enterprise work.

Key facts
Headquarters
San Francisco, USAconfirmed cite
Headcount band
51-200reported cite
Total raised
$30.5Mreported cite
Last round
Series B (reported, in progress as of 2026-09), amount undisclosed, $3.2B valuation; lead not namedreported cite
SOC 2
unknown cite
What they sell
mixedconfirmed cite
Open source
partialreported cite
Deployment
managed-hosted (data + RL environments delivered as a service to AI labs); open-source frameworks available (Harbor)estimated cite

What's new

10 sourced updates · last 6 months

Founding team

Spencer Mateega
Spencer Mateega
Co-founder & CEO
Wharton BS (Finance and Statistics) and Penn MS in CS. Earlier worked at Silver Lake, Morgan Stanley, Meta and Google (YC page). Age 23 per Forbes (Sept 2026). Co-author of FinanceQA, VADER, UI-Bench, Market-Bench and IDE-Bench.
Carlos Georgescu
Co-founder & CTO
UBC BS in Computer Science. Two internships at Citadel Securities, plus software engineering at Meta and Google. Earlier founded an ed-tech startup that was acquired (YC page). Age 22 per Forbes.
Danny Tang
Early co-founder
Co-author of FinanceQA (2025) and VADER (2025) with the two founders. The YC page's team section mentions a 'Danny' who met Spencer in high school, but he is not in the YC founder list or 2026 press.

What practitioners should know

For researchers

  • Publishes methods posts with numbers (vendor-reported): on-policy distillation on GDPval (+21.4% net win-loss margin for Qwen3.5-9B, +20.9% for Nemotron-3-Nano), PivotRL on τ³-Banking (pass@5 11.3% to 17.5%), and a reported 5x Terminal-Bench 2.0 gain using Tinker and Harbor (March 2026).
  • Authored or co-authored FinanceQA, VADER, UI-Bench, Market-Bench and IDE-Bench (arXiv) and App-Bench (appbench.ai). Partner on SpreadsheetBench 2 and Legora BAR. Not an author on the Terminal-Bench paper (arXiv:2601.11868).
  • NVIDIA's Nemotron 3 Ultra technical report (2026-06-09) names 'AfterQuery (AQ) tasks' as the training distribution for its GDPval-style office-task teacher.
  • The GitHub org (github.com/AfterQuery) showed zero public repos on 2026-10-05, and earlier repos such as harbor now return 404. The FinanceQA dataset remains public on Hugging Face. Other datasets are offered on request via research@afterquery.com.

For program managers

  • Reported $3.2B valuation (Forbes, Sept 2026), up from $300M in April. The round was reportedly not closed and the lead unnamed. Profitability comes from an anonymous Forbes source. 'Hundreds of millions' in recurring revenue is the CEO's own claim on X (July 2026).
  • Named customers: NVIDIA (confirmed in NVIDIA's own report) and Legora (Legora credits AfterQuery on its BAR page). Thinking Machines Lab and Motif Technologies are press-reported or vendor-claimed. The company also claims every leading AI lab as a customer (self-claimed).
  • Forbes reports that AfterQuery 'works closely with some Chinese AI labs'. This may matter for buyers with data-governance or geopolitical sourcing constraints.
  • Engagement model: custom data and environment programs for labs, plus a forward-deployed enterprise team (e.g. The Raine Group, also an investor). States a network of nearly 100,000 verified professionals.
  • 39 open roles on the careers page as of 2026-10-05 (38 SF, 1 remote LatAm), including project leads for healthcare, legal, AI safety, STEM and consulting domains.

For data ops

  • No public security or trust page (afterquery.com/security returns 404) and no SOC 2 claim found. The careers page lists Senior SWE (Security/Infrastructure) and ML Engineer (Data Privacy & Anonymization) roles, which suggests this function is being built but is not evidence of certification.
  • Methods posts mention Harbor, Tinker and a Dockerized harness (IDE-Bench). No public API or docs found. The Harbor fork is no longer public.
  • Contact for datasets and evaluations: research@afterquery.com.

Benchmarks & research

8 published
Legora's end-to-end legal-agent benchmark across 28 practice areas, built with AfterQuery's research team. Legora credits AfterQuery for co-creating the open-sourced sample case. AfterQuery's write-up: https://www.afterquery.com/blog/building-a-frontier-legal-evaluation-in-partnership-with-legora
SpreadsheetBench 2benchmark · 29 Jun 2026
Evaluates agents on end-to-end business spreadsheet workflows (generation, debugging, visualization). AfterQuery is a partner organization with five listed contributors.
Best model reaches 34.89% overall task accuracy; debugging accuracy is only 12.00%
IDE-Benchpaper · 28 Jan 2026
Dockerized harness that evaluates LLMs as IDE agents on previously unpublished multi-language (C/C++, Java, MERN) repositories. Public leaderboard at ide-bench.com.
Market-Benchbenchmark · 13 Dec 2025
Introductory quantitative trading and market-dynamics code generation, tested on 13 LLMs. Public leaderboard at marketbench.ai.
LLMs can scaffold basic trading infrastructure but struggle to reason robustly about prices, inventory and risk
App-Benchleaderboard · 25 Oct 2025
Evaluates AI coding agents and app builders on generating full-stack web apps from a single prompt.
Orchids leads at 76.8%, followed by Claude Code (Opus 4.5) at 67.5% (leaderboard snapshot 2026-10-05)
UI-Benchbenchmark · 28 Aug 2025
Design quality of AI text-to-app tools: 10 tools, 300 generated sites, over 4,000 expert pairwise judgments, ranked with TrueSkill. Leaderboard at uibench.ai.
VADERbenchmark · 26 May 2025
174 real-world software vulnerabilities, human-evaluated across assessment, detection, explanation and remediation.
OpenAI o3 scored 54.7% overall
FinanceQAbenchmark · 30 Jan 2025
Realistic, assumption-based financial analysis tasks. Dataset public on Hugging Face (AfterQuery/FinanceQA).
LLMs fail about 60% of realistic financial analysis tasks

Products

Supervised fine-tuning (SFT) data ↗
Expert prompt-response pairs and reasoning traces.
RL + rubrics ↗
Expert-designed prompts with grading rubrics for reinforcement learning.
Agent environments (API/MCP) ↗
Custom RL and agent environments across APIs, tools and services.
Computer-use trajectories ↗
Human-demonstrated interactions in browser and desktop environments.
Off-The-Shelf Office Agent Training Dataset ↗
GDPval-style, file-grounded professional task dataset. NVIDIA used AfterQuery tasks for Nemotron 3 Ultra. Other off-the-shelf GDPval and agentic post-training datasets are available on request via research@afterquery.com.launched Jun 2026
Atlas platform / forward-deployed enterprise work ↗
AfterQuery's annotation platform and forward-deployed team, used to build enterprise AI tooling such as Raine Search for The Raine Group.launched Apr 2026
Custom evaluations ↗
Frontier evaluations co-built with partners (e.g. Legora BAR, SpreadsheetBench 2). Contact: research@afterquery.com.

Scale & velocity

Current headcount
~126-140 employees (Tracxn 126 as of 2026-04-30; LinkedIn/aggregators ~136-140)reported cite
Headcount growth
unknown
Open roles
39reported cite
Other locations
unknown
Distributed / remote
noreported cite

Research depth

Has researchers
yesconfirmed cite
Researcher count
unknown (2 open Research roles; benchmark-paper authors exist but team count not enumerated) cite
Backgrounds
Founders: Spencer Mateega (CEO; Wharton/Penn; ex-Silver Lake, Morgan Stanley, Meta, Google), Carlos Georgescu (CTO; UBC CS; ex-Citadel Securities, Meta, Google; earlier founded an acquired ed-tech startup), Early co-author Danny Tang (FinanceQA, VADER); current role unverified, Team cites prior roles at Goldman Sachs, McKinsey, Jane Street, Palantir, NVIDIA, Googlereported cite

Capital

Total raised
$30.5M disclosed ($0.5M pre-seed + $30M Series A), plus an undisclosed, reportedly unclosed 2026 roundreported cite
Last round
Series B (reported, in progress as of 2026-09), amount undisclosed, $3.2B valuation; lead not namedreported cite
Investors
Altos Ventures (lead, Series A), The Raine Group, Y Combinator, BoxGroup, Latitude Capital, Angel investors from Google DeepMind, OpenAI, Anthropic, Meta Superintelligence Labs, Microsoft AI (per baseline BusinessWire release), 2026 round lead: not namedconfirmed cite
Valuation
$3.2B (reported by Forbes, Sept 2026; round reportedly not yet closed and not announced by the company). Previously $300M post-money at Series A (Apr 2026)reported cite
Revenue signals
$100M+ run rate (Apr 2026, company-stated). CEO posted on X in July 2026 that recurring revenue was in the 'hundreds of millions' (founder self-claim relayed by Forbes). Reportedly profitable (anonymous Forbes source)reported cite
DateRoundAmountLed by
1 Sep 2026Series B unsettledundisclosed
valuation $3.2B
–source ↗
Series B (reported; press framing, not company-announced; round reportedly not yet closed) · undisclosed

Security & compliance

SOC 2
unknown cite
Other certifications
unknown
Security page
unknown cite

Product

What they sell
mixedconfirmed cite
Open source
partialreported cite
License
unknown (the AfterQuery/harbor repo is no longer public) cite
Deployment model
managed-hosted (data + RL environments delivered as a service to AI labs); open-source frameworks available (Harbor)estimated cite
Maturity
GAestimated cite
Notable customers
⚑NVIDIA (Nemotron 3 Ultra; AfterQuery tasks named in NVIDIA's technical report) verified Legora (BAR benchmark; credited on legora.com/bar) verified ⚑Thinking Machines Lab (reported by Forbes; not confirmed by TML) self-claimed Motif Technologies (Motif 3; 'sole data partner' per AfterQuery, also named by TechCrunch; not credited on Motif's model card) self-claimed The Raine Group (Raine Search; Raine exec quoted in AfterQuery post; also an investor) self-claimed Unnamed Chinese AI labs (reported by Forbes) self-claimed ⚑Frontier AI labs (company claims every leading lab) self-claimed cite

Buyer analysis

Best fit: A frontier or enterprise AI team needing expert-authored RL environments, post-training data, and realistic real-task benchmarks across code, finance, and professional workflows.

How we verified this

2026-10-05 refresh: I opened every source in the draft. The $3.2B valuation checks out across TechCrunch, Forbes AU (the US Forbes page returns 403), Decrypt and TechFundingNews. It stays 'reported', with two corrections: Decrypt says the round had not closed and the lead was not named, and the revenue and profitability figures come from the CEO's X post and an anonymous source. I extracted page 23 of the NVIDIA Nemotron 3 Ultra PDF directly, and it names 'AfterQuery (AQ) tasks', so NVIDIA is a primary-source verified customer. legora.com/bar credits AfterQuery as co-creator. All eight blog post dates fall inside the window and match the blog index. The arXiv records for FinanceQA, VADER, UI-Bench, Market-Bench, IDE-Bench and SpreadsheetBench 2 match the stated dates, authors and headline numbers, and App-Bench's leaderboard matches. Terminal-Bench has no AfterQuery author. Both YC founder headshots load as single-person JPEGs. Corrections: Danny Tang's status (mentioned in YC team text, not a listed founder), the VADER sourcing claim, the Legora paper_url, and confidence notes on Motif (its model card doesn't credit AfterQuery) and Thinking Machines (press only). I added Forbes' report that AfterQuery works with Chinese AI labs. Web search quota was exhausted, so the check for missed items covered the company blog, research page and press. No acquisitions, shutdowns or other new rounds surfaced, and no blog posts after 2026-08-30.

Related vendors

Sources

  1. techcrunch.com/2026/09/01/afterquery-reportedly-becomes-y-combinators-fa · 2026-10-05, $3.2B valuation; customers Nvidia, Legora, Motif; Alströmer quote; does not name stage or lead
  2. www.forbes.com/sites/annatong/2026/09/01/afterquery-becomes-ycs-fastest- · 2026-10-05, Original Forbes report (returns 403 to fetch; content read via the Forbes Australia syndication)
  3. www.forbes.com.au/news/innovation/afterquery-becomes-ycs-fastest-unicorn · 2026-10-05, Forbes syndication: lead lined up but unnamed; profitable per one source; CEO X post on 'hundreds of millions' recurring revenue; Thinking Machines Lab, Legora, Nvidia, Chinese AI labs
  4. decrypt.co/377231/afterquery-ai-tradining-data-unicorn-y-combinator · 2026-10-05, Round has yet to close; lead not named (citing Forbes)
  5. techfundingnews.com/afterquery-reportedly-hits-3-2b-valuation-becoming-y · 2026-10-05, Series B framing; lead not disclosed
  6. www.afterquery.com · 2026-10-05, Products; NVIDIA and Raine named; no security or SOC 2 mention
  7. www.afterquery.com/blog · 2026-10-05, Blog index with dates (latest post 2026-08-30)
  8. www.afterquery.com/research · 2026-10-05, Research and benchmark list (VADER not listed)
  9. www.afterquery.com/blog/how-afterquery-helped-nvidia-hill-climb-gdpval · 2026-10-05, NVIDIA Nemotron 3 Ultra case study; GDPval 35.3 to 46.7
  10. research.nvidia.com/labs/nemotron/files/NVIDIA-Nemotron-3-Ultra-Technica · 2026-10-05, Report dated 2026-06-09; p.23 names 'AfterQuery (AQ) tasks'
  11. www.afterquery.com/blog/afterquery-celebrates-the-release-of-motif-3 · 2026-10-05, Motif 3 sole-data-partner claim
  12. huggingface.co/Motif-Technologies/Motif-3 · 2026-10-05, Motif 3 model card: about 314B total / 13.2B active, MIT; no data partner named
  13. www.afterquery.com/blog/building-a-frontier-legal-evaluation-in-partners · 2026-10-05, Legora BAR collaboration
  14. legora.com/bar · 2026-10-05, Legora: open-sourced case 'co-created with AfterQuery'
  15. www.afterquery.com/blog/solving-the-last-mile-problem-in-partnership-wit · 2026-10-05, Raine Search; Atlas annotation platform; Raine quote
  16. www.afterquery.com/blog/deployco · 2026-10-05, Enterprise last-mile essay
  17. www.afterquery.com/blog/on-policy-distillation-gdpval · 2026-10-05, On-policy distillation GDPval results
  18. www.afterquery.com/blog/improving-qwen35-9b-on-t3-banking · 2026-10-05, PivotRL τ³-Banking
  19. www.afterquery.com/blog/human-expertise-reimagined · 2026-10-05, Series A post; network of nearly 100k professionals
  20. www.ycombinator.com/companies/afterquery · 2026-10-05, Founders, bios, headshots (bookface avatars verified as single-person photos)
  21. www.afterquery.com/careers · 2026-10-05, 39 open roles
  22. www.afterquery.com/security · 2026-10-05, 404
  23. github.com/AfterQuery · 2026-10-05, 'This organization has no public repositories'
  24. github.com/AfterQuery/harbor · 2026-10-05, 404
  25. huggingface.co/datasets/AfterQuery/FinanceQA · 2026-10-05, FinanceQA dataset still public (HTTP 200)
  26. spreadsheetbench.github.io/ · 2026-10-05, AfterQuery partner and five contributors
  27. arxiv.org/abs/2606.29955 · 2026-10-05, SpreadsheetBench 2 paper, submitted 2026-06-29
  28. arxiv.org/abs/2601.20886 · 2026-10-05, IDE-Bench paper (Mateega first author)
  29. arxiv.org/abs/2512.12264 · 2026-10-05, Market-Bench paper
  30. arxiv.org/abs/2508.20410 · 2026-10-05, UI-Bench paper
  31. appbench.ai/ · 2026-10-05, App-Bench leaderboard, built by AfterQuery
  32. arxiv.org/abs/2505.19395 · 2026-10-05, VADER paper (Mateega, Georgescu, Tang co-authors)
  33. arxiv.org/abs/2501.18062 · 2026-10-05, FinanceQA paper
  34. arxiv.org/abs/2601.11868 · 2026-10-05, Terminal-Bench paper: no AfterQuery author found
  35. www.afterquery.com/blog/terminal-bench-improvement · 2026-06-07, Terminal-Bench 2.0 improvement using Tinker and Harbor
  36. techfundingnews.com/afterquery-gets-30m-from-altos-ventures-to-help-ai-u · 2026-06-07, Series A $30M at $300M valuation, 2026-04-09; investors; $100M+ run rate; founders; founded Jan 2025
  37. startupintros.com/orgs/afterquery · 2026-06-07, Total raised $30.5M across 2 rounds; founders Danny Tang, Carlos Georgescu, Spencer Mateega
  38. www.linkedin.com/company/afterquery · 2026-06-07, Public snippet: 51-200 band, ~140 employees, Software Development, founded 2025
  39. tracxn.com/d/companies/afterquery · 2026-06-07, 126 employees as of 2026-04-30
  40. sacra.com/c/afterquery/ · 2026-06-07, Revenue/funding profile
Last updated 2026-10-05 · Every quantitative field carries a source and a confidence tag. Fields we could not source publicly are marked unknown, never estimated. See the methodology.