Base Case Capital — Full Portfolio

American Terawatt is building a national high-voltage direct current (HVDC) transmission network in the United States designed to deliver gigawatts of power to large industrial loads.

CleantechEnergyHardwareSan Francisco, US

RPRobert Parker(Founder)inATAnton Troynikov(Executive Officer, Director)inABArani Bhattacharyay(Executive Officer, Director)

Co-investorsANAntlerGIGiant Ventures Global LlpHAHawk Hill VenturesHOHOF CapitalSCScribble VenturesZEZero Infinity Partners+3 more

Ampersand builds a commercial electric motorcycle fleet and battery-swapping network for boda (motorcycle taxi) drivers across Africa, including Rwanda and Kenya.

CleantechEnergyMobility & Transportation

Alp Tilev(Founder)Josh Whale(Founder)

Co-investorsSESeedstars Africa VenturesECEcosystem Integrity FundFAFactor[e] VenturesFIFINTOP CapitalFOFootPrint Coalition

Ashby is a recruiting software platform that serves as an applicant tracking system (ATS) and all-in-one hiring management tool for talent teams.

Enterprise SoftwareHR TechSaaSSan Francisco, US

BEBenjamin Encz(Founder)inAPAbhik Pramanik(Founder)in

Co-investorsALAlkeon InnovationDVDVCF-F-Prime CapitalSESemperVirens Venture CapitalTOTodd and Rahul’s Angel FundTRTrail Run Capital+12 more

Astral builds high-performance developer tools for the Python ecosystem, including Ruff (a fast Python linter) and uv (a fast Python package manager), both written in Rust.

Developer Tools

CMCharlie Marsh(Founder)

Co-investorsACAccelANAndreessen HorowitzABAbstract VenturesCACaffeinated CapitalUPUpfront Ventures

Baseten provides AI inference and infrastructure services that optimize model deployment, serving, and orchestration across the full stack.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

TSTuhin Srivastava(Founder)inAHAmir Haghighat(Founder)inPHPhil Howes(Founder)inPGPankaj Gupta(Founder)inDanielle Herzberg(Executive Officer)Dannie Herzberg(President (Go-to-Market & Operations))in

Co-investors0101 AdvisorsAIAI FundALAlpha PartnersASAspire11ATAthletic VenturesBABattery Ventures+31 more

Beeps builds agent-based platforms to automate incident response and on-call management for reliability engineering teams.

AI & Machine LearningDeveloper ToolsEnterprise Software

Joey

Co-investorsANAndreessen HorowitzBABACKGROUND CAPITAL

Braintrust provides AI observability and evaluation platform that monitors production AI systems to surface patterns, define quality standards, and automate improvements.

AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US

AGAnkur Goyal(Founder)inEHEden Halperin(Head of Product)in

BoardMJMatthew Jacobson(Board Member; General Partner, ICONIQ Growth)inSMSaam Motamedi(Board Partner / Investor Director, Greylock)in

Co-investorsALAlt CapitalANAndreessen HorowitzDADatabricks VenturesELElad GilGRGreylock PartnersICICONIQ+4 more

Browserbase provides a browser automation platform that enables AI agents to interact with websites reliably, handling authentication, navigation, and complex actions to automate web-based workflows and data collection.

AI & Machine LearningDeveloper Tools

Paul Klein(Founder)Paul Klein IV(Founder)

Co-investorsAVavraCRCRV (Charles River Ventures)KLKleiner PerkinsNONotable CapitalOUOutset CapitalWAWayfinder Ventures+4 more

CodeCrafters builds educational products for engineers to learn programming skills through hands-on, project-based challenges.

ConsumerDeveloper ToolsEdTechHR TechSan Francisco, US

SBSarup Banskota(Founder)inPKPaul Kuruvilla(Founder)in

Co-investorsCACapitalXKLKleiner PerkinsY Y CombinatorAGAgrolimen VenturesCLClerkyINInuka Capital+1 more

Default unifies revenue and go-to-market data across tools, enabling AI agents to act on this data while coordinating work across sales and marketing teams.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSales Tech

Nico Ferreyra(Founder)Victor Papyshev(Founder)

Co-investorsADAdapt VenturesBOBoxGroupPIPicks and Shovels (Picks & Shovels)SCScribble Ventures8V8VCCRCraft Ventures+1 more

DOSS builds an Adaptive Resource Platform (ARP) that replaces traditional ERP systems for operations teams across industries.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS

WJWiley Jones(Founder)inAMArnav Mishra(Founder)inWiley Jones Arnav Mishra(Founder)

Co-investorsCOContraryHAHawk Hill VenturesMAMadrona Venture GroupPAPathlight VenturesPRPremji InvestTHTheory Ventures+1 more

Eat Blueprint prepares meals based on longevity-focused nutritional protocols, using organic and locally-sourced ingredients while excluding gluten and seed oils.

ConsumerFoodTechSan Francisco, US

JTJeff Tang(Founder)in

Co-investorsY Y Combinator46468 CapitalCACaffeinated CapitalKLKleiner PerkinsPIPioneerRIRief

14.ai builds software that automates the core operations of e-commerce brands, handling customer acquisition, order fulfillment, and support with minimal human intervention, and uses the platform to operate its own direct-to-consumer business.

AI & Machine LearningConsumerData & InfrastructureE-commerceEnterprise SoftwareSan Francisco, US

MSMarie Schneegans(Founder)inMFMichael Fester(Founder)in

PartnerAGAlana Goyal· solo GP

Co-investorsPIPioneerY Y CombinatorGEGeneral CatalystSVSV Angel

Graphite Chat is an AI-powered code review tool that integrates with GitHub to automatically analyze pull requests and identify bugs and security issues.

AI & Machine LearningDeveloper ToolsSaaS

MLMerrill Lutsky(Founder)inGFGreg Foster(Founder)inTomas Reimers(Founder)

Co-investorsACAccelALAlumni VenturesANAndreessen HorowitzBOBoxGroupCICianna CapitalCOCommunitas Capital Partners+5 more

June provides product analytics software for B2B SaaS companies, automatically creating visualizations of key metrics and enabling analysis across company and granular levels.

Data & InfrastructureEnterprise SoftwareSan Francisco, US

EAEnzo Avigo(Founder)inFBFerruccio Balestreri(Founder)inScott Chappell(Executive Officer)Teri Arones(Executive Officer)Daniel Ross(Executive Officer)

Co-investorsPOPoint NineY Y CombinatorCACA Ventures SASKIKima VenturesPRPromus VenturesSESequoia Capital+2 more

New York City, US

Jordan Singer(Founder)Lou Mata(Founder)Shivkanth Bagavathy(Founder)

Co-investorsCRCrowberry CapitalSTStellation CapitalTETechstarsWEWEEKEND

Mainframe provides software development and marketing services for decentralized finance protocols, specializing in parameter optimization to improve capital efficiency, fees, risk management, and incentive structures.

Crypto & Web3FintechSan Francisco, US

Co-investorsCRCrowberry CapitalTETechstarsANAndreessen HorowitzRIRiot GamesSTStellation CapitalWEWEEKEND

Mastra is an open-source TypeScript framework for building AI agents.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

SBSam Bhagwat(Founder)inAAAbhi Aiyer(Founder)inSTShane Thomas(Founder)in

Co-investorsY Y CombinatorSPSpark CapitalBRBroom VenturesFOFounders NetworkGRGradient VenturesLOLombardstreet Ventures+19 more

Matic makes an autonomous home robot that vacuums and mops floors, using visual perception and continual 3D mapping to navigate and clean around obstacles.

ConsumerHardwareRoboticsMountain View, US

MNMehul Nariyawala(Founder)inNDNavneet Dalal(Founder)in

BoardVictor Miller(Director)

Co-investorsABAbstract VenturesCOCollaborative FundHAHAWKTAILA*A*ANAnthem Venture Management, LlcANAnthemis Venture+6 more

Meticulous automatically detects regressions in web applications by replaying user sessions at scale, helping front-end developers build more reliable software.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSLondon, GB

GSGabriel Spencer-Harper(Founder)inQSQuentin Spencer-Harper(Founder)in

Co-investorsCOCoatue ManagementOUOutcast VenturesSOSoma CapitalY Y CombinatorCHChemistryLALachy Groom+4 more

Normal is an applied research lab focused on AI for hardware design, providing data and evaluation methods to advance AI capabilities.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareSan Francisco, US

AYAnson Yu(Founder)inHNHudhayfa Nazoordeen(Founder)inAntonio Martinez(Founder)Faris Sbahi(Founder)Matthias Tan(Founder)

Co-investorsY Y CombinatorARArcTern VenturesDRDrive CapitalFIFirst Spark Ventures, LlcGOGolden VenturesMIMichael Chen+3 more

OpenTools provides an API that allows developers to access and use Model Context Protocol (MCP) tools with any LLM through a single integration, offering capabilities like web search, real-time location data, and web scraping.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketplacesNew York City, US

AQAndy Qin(Founder)in

Co-investorsFEFelicis VenturesY Y Combinator4747th Street PartnersANAndreessen HorowitzCRCRV (Charles River Ventures)GEGeneral Catalyst+7 more

Orb provides billing and revenue infrastructure for software companies, enabling usage-based and hybrid pricing models.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaSSan Francisco, US

AMAlvaro Morales(Founder)inKGKshitij Grover(Founder)inJBJosh Buckler(Head of Sales)inBas de Goei(Head of Marketing)inJCJustin Chuan(Head of Design)in

BoardSMSaam Motamedi(Board Member / Investor Representative (Partner, Greylock))in

Co-investorsANAngel Collective Opportunity FundDAData Community FundESESSENCE VCFOFOG VenturesGRGreylock PartnersMAMayfield Fund+9 more

Paper is a design platform with a canvas built on web standards (HTML/CSS) that connects designers' visual work with codebases, AI agents, apps, and data via MCP, syncing design tokens, styles, and components between code and canvas.

AI & Machine LearningDeveloper ToolsSaaS

SHStephen Haney(Founder)inPhilip Cutler(Founder)Roberto Cipriani(Founder)

Co-investorsACAccelICICONIQDEDesigner FundBDBDC Capital CorporationBIBirchmere VenturesBUBullpen Capital+8 more

Grafana Pyroscope is an open source continuous profiling system that aggregates performance data and enables application teams to identify resource usage and performance bottlenecks down to the source code level.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

RPRyan Perry(Founder)inDFDmitry Filimonov(Founder)in

Co-investorsASASDF VenturesOPOpen Opportunity FundY Y CombinatorGEGeneral CatalystHAHack VCHAHarvard Management Company+3 more

Quanta provides SaaS accounting and back-office services, including bookkeeping and controller services, paired with software that produces reporting traceable to the underlying accounting.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

HHHelen Hastings(Founder)inTCTheodora Chu(Founder)in

Co-investorsELElad GilIMImmad AkhundACAccelDEDesigner FundHOHomebrewOPOperator Collective+2 more

Replo is a no-code platform for building, testing, and launching high-converting landing pages and sales funnels for e-commerce and SaaS businesses.

AI & Machine LearningDeveloper ToolsE-commerceEnterprise SoftwareMarketing TechSaaSSan Francisco, US

YZYuxin Zhu(Founder)inNGNoah Gilmore(Founder)in

Co-investorsINInfinity VenturesLALa FamigliaTRTrail Run CapitalY Y Combinator

Resend provides an email sending platform for developers to build and send modern email templates that reach the inbox reliably.

Developer ToolsEnterprise SoftwareSaaSSan Francisco, US

ZRZeno Rocha(Founder)inBKBu Kinoshita(Founder)in

BoardGRGuillermo Rauch

Co-investorsANAndreessen HorowitzRORogue CapitalY Y CombinatorASASDF VenturesCRCRV (Charles River Ventures)DYDylan Field+5 more

SBX Robotics creates synthetic training images for robot computer vision systems using simulation, enabling companies to generate large labeled datasets from minimal seed imagery at a fraction of traditional annotation costs.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareRoboticsToronto, CA

IDIan Dewancker(Founder)inAAArtem Avdacev(Founder)inJKJoshua Kuntz(Founder)in

Co-investorsOLOlima VenturesY Y CombinatorACActivation VentureEAEarl Grey CapitalGAGarage CapitalWAWayfinder Ventures

SF Compute builds data centers and GPU clusters and operates a cloud on top, offering VMs, bare metal, and managed Slurm to teams needing compute for AI workloads.

AI & Machine LearningB2B MarketplacesCloud ComputingSan Francisco, US

ECEvan Conrad(Founder)inEAEthan Anderson(Founder)inEMEric Menees(Founder)inAGAlex Gajewski(Founder)EPEric Park(Founder)in

Co-investorsALAlphaLab CapitalANAngel Collective Opportunity FundCACaladanDEDeep AcreELElectric CapitalMOMoth Fund+6 more

Vercel is an infrastructure platform for building and deploying applications, with emerging support for agentic capabilities that allow AI agents and humans to collaborate in software development.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

GRGuillermo Rauch(Founder)inNaoyuki Kanezawa(Founder)Tony Kovanen(Founder)

BoardGLGeoff Lewis(Director)inDLDaniel Levine(Director)inRCReid Christian(Director)in

Co-investors8V8VCACAccelBEBedrockBEBeyond CapitalCOCoatue ManagementCOCold Start Ventures+35 more

Windsurf is an AI-native IDE and coding assistant for enterprise developers, acquired by Cognition in July 2025.

AI & Machine LearningDeveloper ToolsSan Francisco, US

Varun Mohan(Founder)inDouglas Chen(Founder)

Co-investorsAIAIX VenturesGEGeneral CatalystKLKleiner PerkinsRARackhouse Venture Management LpANAndreessen HorowitzFOFounders Fund+1 more

Zitara develops software solutions for battery management and monitoring, enabling companies to optimize battery safety, reliability, and performance across design and deployment.

Advanced ManufacturingAI & Machine LearningCleantechClimate TechEnergyIoTSaaSSan Francisco, US

SSShyam Srinivasan(Founder)inEMEvan Murphy(Founder)in

BoardLHLee Hower(Director)in

Co-investorsENEnergy Impact PartnersCHChevron Technology VenturesCLClimate CapitalSASalesforce VenturesCOCollaborative FundLILigo Partners LLC+11 more