AI · Developers · Infrastructure

Capital, crystallized
around the next
generation of AI
developer platforms.

BlackDiamondAI.Fund backs founders building AI software platforms, middleware, and the tooling that the world's developers will use to ship intelligent systems for the next decade. As operators who have built, scaled, and exited companies in this exact category, we provide more than capital — we bring hands-on expertise from startup to exit.

150+
Years collective experience
75+
Years building developer tools and platforms
30+
Years operating together
Black diamond
01The Thesis

Every transformative compute era is won by the people who give developers a better surface to build on.

The PC era was won by IDEs and frameworks. The web era by runtimes, package managers, and clouds. The mobile era by SDKs and stores. AI is no different — its long-run value accrues to the platforms, middleware, and tools that let millions of engineers ship reliable intelligent products.

We invest pre-seed through Series A in technical founders building those layers: agent runtimes, model orchestration, evaluation and observability, data and retrieval infrastructure, code-generation platforms, and the migration tooling that brings the existing software estate into the AI-native era.

We are operators first — builders, scalers, and exited founders who have shipped this exact category of product. That means we provide more than capital. We bring operational expertise from first customer to exit, and we often co-invest our own capital alongside the rounds we lead into.

02Why Black Diamond

We're not just technologists —
we're operators who've built,
scaled, and exited.

Black Diamond Partners is built on exceptional depth. Our core team brings together over 150 years of leadership across Fortune 50 software engineering, product development, and executive management — including 75+ years creating and leading developer tools and platforms at Microsoft alone. We combine technical precision, strategic clarity, and investor-aligned thinking to evaluate technology organizations not only for what they are today, but for what they can become tomorrow.

Zero to One — Lived It

We've taken products from 0 to industry-leading

Our team understands the 0→1 journey because we've made it — repeatedly — building category-defining developer tools and platforms from a blank page to industry-leading status. That includes some of the most popular developer tools of their generation: Microsoft Visual Basic, Visual Studio, .NET, Visual C++, and Team Foundation Server, plus ArtInSoft (with Microsoft as a major investor) and Mobilize.Net (acquired by Snowflake).

Developer Tools & Platforms

75+ years building the tools devs use daily

Shipped Visual Basic, Visual C++, Visual Studio, .NET, and Team Foundation Server — the languages, IDEs, and ALM infrastructure that an entire generation of professional developers on Windows and .NET grew up on.

ArtInSoft → Mobilize.Net

Founded, scaled, and exited — twice

Founded ArtInSoft (with Microsoft as a major investor) and later Mobilize.Net — the industry leader in assessing, remediating, and modernizing enterprise software systems and a pioneer of commercial AI-assisted code transformation. Acquired by Snowflake.

Three Decades Together

One team. One playbook.

Our core team has collaborated for over thirty years across these companies. We know what 'great' looks like from early traction through growth, scale, and acquisition — and we bring that pattern recognition to every founder and LP we work with.

We bring the clarity, rigor, and operational insight needed to de-risk your technology investments and unlock value at every stage — from formation through scale and exit. With your approval, we will often stake our own capital alongside yours in the rounds we believe in most.

03About · Team

The team behind Black Diamond.

Three co-founders who have built developer tools, platforms, and modernization businesses together and separately across Microsoft, ArtInSoft, Mobilize.Net, and Snowflake.

Co-Founder · General Partner

Rick LaPlante

BlackDiamond Ventures

  • Microsoft · GM, Visual Studio Team System
  • Mobilize.Net · CPO & Board
  • ArtInSoft · Microsoft board seat
  • Developer tools · C++ · .NET migration
  • Univ. of Wyoming · BS Organizational Leadership
  • Multiple US patents · Microsoft Partner, 2005

Rick started as a software engineer at Microsoft and grew into the role of General Manager of what became Visual Studio Team System. As employee #1 on the effort, he built the organization from scratch into a 500-person global team and a product line that grew into a $500M+ business.

During his 19+ years at Microsoft, Rick served as Group Program Manager of the Visual C++ product contributing to language strategy that influenced the direction of C++, led engineering teams that built internal systems deployed companywide, and helped identify language migration strategies for the transition to .NET. He also filled the Microsoft board seat at ArtInSoft, the San José, Costa Rica–based migration technology company in which Microsoft was a major investor.

Rick later joined Mobilize.Net as Chief Product Officer, where he led the creation of a new product line that grew to $10M in annual revenue. He concurrently served as a Board Member and Technology Committee leader, working with the CEO and board to reposition the company from a consulting firm into a software and IP company, secure internal funding for the new direction, build early strategic partnerships, and help guide the company through its 2023 sale to Snowflake.

He holds a degree in Organizational Leadership from the University of Wyoming and studied computer science at Gonzaga University and Seattle Pacific University before joining Microsoft. He holds multiple developer tool related patents, was named a Microsoft Partner in 2005, and is a founding owner of two craft breweries.

Co-Founder · General Partner

Rick Olson

BlackDiamond Ventures · 30+ yrs enterprise software

  • Microsoft · 19 yrs · Developer Div & SQL Server
  • Microsoft Chairman's Award
  • Mobilize.Net · Sr. technical leader & board advisor
  • Snowflake · Data & application migration
  • Platform engineering · CI/CD · Reliability · Security

Rick is a General Partner at BlackDiamond Ventures, working with founders building companies in AI. He brings 30+ years across enterprise software, cloud platforms, and developer infrastructure.

He graduated from the University of Washington with a Bachelor's Degree in Computer Science, where he also caught passes for the varsity football team. He is an accomplished ocean-going sailor.

He spent 19 years at Microsoft in the Developer and SQL Server divisions, where he helped deliver software used by developers and enterprises worldwide. His work there earned Microsoft's Chairman's Award. During that time he built engineering organizations that shipped on schedule at large scale.

After Microsoft, Rick joined Mobilize.Net, a startup focused on large-scale software modernization. As a senior technical leader and board advisor, he supported customers modernizing mission-critical systems and helped position the company through its acquisition phase.

He then joined Snowflake, where his work focused on data and application migration, helping organizations move complex systems onto modern cloud platforms. Across these roles he built expertise in platform engineering, CI/CD pipelines, reliability, and security.

As a venture partner, Rick works closely with leadership teams on common inflection points including scalability, delivery predictability, and the long-term impact of technical debt, and on building engineering cultures that balance speed, quality, and sustainability.

Co-Founder · Managing Director

Tom Button

BlackDiamond Ventures · Medina, WA

  • Microsoft · 1988–2007
  • Mobilize.Net · Founder, CEO · 2012–2023
  • Snowflake · Venture Integration · 2023
  • Princeton · BSE, EE & CS · 1987
  • 6 issued US patents

Tom is Co-Founder and General Partner of BlackDiamond Ventures (2024–present), investing in early-stage AI companies and providing technical, operational, and strategic guidance to software startups and funds evaluating software investments.

He founded Mobilize.Net in 2012 by acquiring the assets of ArtInSoft and pivoted the company to source-code translation and modernization of business app and data assets to cloud native architectures. After a nine-month reset, Mobilize.Net booked ten consecutive quarters at 85% CAGR resulting in 10X revenue growth, 8x headcount growth producing 62% gross margin and 16% EBITDA, organically, with no equity dilution while retiring all debt.

As Chairman from 2020 to 2023, Tom managed a two-stage exit: an asset sale of the app migration unit to Growth Acceleration Partners, followed by a 100% equity sale of Mobilize.Net to Snowflake in 2023. The transactions returned a minimum of 10x to shareholders with zero layoffs across both events. He then led the post-acquisition integration into Snowflake.

Before Mobilize.Net, Tom spent 19 years at Microsoft (1988–2007), most recently as Corporate Vice President of Platform Technology & Strategy and previously Corporate VP of Windows Product Management, where he ran a 150-person team managing a $500M marketing budget, driving $2 billion in Windows revenue growth over those two years. Earlier roles included Corporate VP for Visual Studio .NET 1.0, GM of Developer Tools, Product Unit Manager for Visual Studio 1.0, and Director of Marketing for the Developer Division — shipping Visual Basic 1.0–6.0, Visual C++, Visual J++, the Microsoft Developer Network, and Visual Studio .NET 1.0/1.1, growing Microsoft's developer tools to industry dominance while increasing revenue over 500% to $700M+ during this period. He started at Microsoft as Program Manager for QuickBasic and the BASIC Compiler, shipping QBasic in MS-DOS, QB4.5, and Visual Basic for MS-DOS.

Board service includes Chairman of Mobilize.Net (exit to Snowflake), Board Director of Itineris (Bruges, 2014–2024, exit to PE firm Cobepa) and ArtInSoft (San José, Costa Rica, 2008–2012, exit to Mobilize.Net), and advisor to Glympse, Corensic/PetraVM, and Photon Machines (exit to Teledyne). Earlier in his career he was an Associate Consultant for The Boston Consulting Group (1987–1988) and a Marketing Representative and Advanced Processor Performance Analyst at IBM (1985–1986).

Tom also owns Buttonwood Farm (2007–present), a certified-organic, carbon-negative Christmas tree farm in the Pacific Northwest. He is an Eagle Scout, nationally licensed soccer coach, and holds 6 US patents.

04Where We Invest

Six facets. One category.

01

Agent runtimes, orchestration & AI middleware

The execution layer for multi-step, multi-model AI systems, plus routing, caching, evals, and guardrails — the plumbing every production app needs.

02

Developer platforms

End-to-end environments for building, deploying, and operating AI software.

03

Code intelligence

Generation, transformation, refactoring, and migration of the world's software estate.

04

Data & retrieval infra

Vector, graph, and hybrid systems engineered for AI workloads at scale.

05

Eval & observability

The instruments that make AI software measurable, debuggable, and trustworthy.

06

Operational infrastructure & agentic interfaces

Creating agentic interfaces for the business apps and infrastructure that run companies today, and leveraging business knowledge trapped in operational systems to power the agentic AI systems of tomorrow.

05Get in touch

Three doors.
One inbox.

Every inquiry routes directly to the partners at info@blackdiamond.partners. We read everything and reply to what fits.

Limited Partners

Inquire about the fund

For qualified investors interested in allocating to BlackDiamondAI.Fund.

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