Fundraising Fox

S32

Venture capitalActively deployingoperating company · company profile

Palo Alto · Series A–Late Stage · 26 people tracked

Also known as SECTION 32, LLC

Find your way into S32

3,384 people in our graph share verified history with the S32 team — schools, employers, funds. One of them is your warm intro.

James Detweilerunlockedknows Derrick Chow · together at Morgan Stanley (overlapped)
×3knows the team · via Google
knows the team · via Morgan Stanley
×3knows the team · via Scale AI
knows the team · via Foundation Medicine
knows the team · via Snorkel AI
Fox Verdict
Sign up to see your fit

Investment thesis

S32 operates as a deliberately capital-constrained, high-conviction venture firm that backs a small number of companies by design, reserving meaningful capital, time, and attention for each. Its team of investors and operators emphasizes hands-on support, particularly in recruiting world-class engineering, AI, and go-to-market leaders. The firm invests across artificial intelligence, computational biology, physical AI, infrastructure, cybersecurity, and enterprise, aiming to support obsessive founders building iconic companies for the long term.

Source: firm website, verified Sep 15, 2026.

Stage
Series A–Late Stage
HQ
Palo Alto, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2017
Last 12 months
9 investments
AUM
$1.8B
VC funds
6
Tracked investments
77

Team · 26 people

from the firm's website & curated & public directories

Founder mafia

2 people who came through S32 went on to found or lead other companies.

What they invest in

from 54 of 77 portfolio companies

AI & Machine Learning ×30Enterprise Software ×17Biotech ×13Deep Tech ×13SaaS ×12Cybersecurity ×8Data & Infrastructure ×8Developer Tools ×8

HQs:United States×40Canada×1Germany×1United Kingdom×1Israel×1Sweden×1

Who they back

founder profiles across 32 portfolio companies
16%
solo founders
5 of 32 mapped founding teams
64%
repeat founders
of 61 founders with career history
~2 yrs
old at investment
median across 8 dated deals

Founding team size:solo founder×52 founders×153 founders×64+ founders×6

Where their founders studiedfrom 57 founders with education data

Stanford University ×6University of California, Berkeley ×5Duke University ×3Massachusetts Institute of Technology ×3Carnegie Mellon University ×2Cornell ×2Novosibirsk State University (NSU) ×2Princeton University ×2

What their founders studiedfrom 54 founders with field-of-study data

Computer Science ×27Engineering ×20Business & Management ×4Humanities ×3Life Sciences ×3Physics ×3Finance & Accounting ×2

Where their founders worked beforefrom 61 founders with career history

Stanford University ×7DeepMind ×6Facebook ×3NVIDIA ×3Google ×2Israeli Air Force ×2Legora, Inc. ×2Massachusetts Institute of Technology ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5

24 founders hold a PhD · 4 hold an MBA (of 61 with degree data)

Investments · 77 tracked

founders shown can be your intro path

By year:2026 · 82025 · 82024 · 32023 · 62022 · 62021 · 52018 · 12017 · 138 dated

Coinbasecoinbase.comin𝕏Nasdaq: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(Co-founder & CEO)inFred Ehrsam(Co-founder)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAndreessen HorowitzAnsa Capital+54 more

Infleqtioninfleqtion.comin𝕏NYSE: INFQFeb 2026

Infleqtion builds neutral-atom quantum computers, precision quantum sensors, and related software, and works on integrated photonics to scale quantum systems.

Deep TechHardwareQuantum ComputingLouisville, US

Dana Anderson(Founder)inPranav Gokhale(Chief Technology Officer)inPaul Lipman(Chief Revenue Officer)inJason D. Hall(Chief Legal Officer)inIlan Hart(Chief Financial Officer)inMatthew J. Kinsella(Chief Executive Officer)in

Co-investorsBreakthrough VictoriaCaruso VenturesForma PrimeGlynn Capital ManagementIn-Q-TelS Ventures+4 more

Uberuber.comin𝕏NYSE: UBER

Uber operates a multi-sided platform providing ride-sharing, food delivery, freight logistics, and business fleet management services across various global markets.

Logistics & Supply ChainMarketplacesMobility & TransportationSan Francisco, US

Travis Kalanick(Co-founder & CEO)Garrett Camp(Co-founder)Gautam Gupta(Executive Officer)inJeffrey Holden(Executive Officer)David Plouffe(Executive Officer)inEmil Michael(Executive Officer)in

Co-investors137 Ventures408 VenturesA*ACME CapitalAcross Capital PartnersAglae Ventures+67 more

humans&humansand.ai𝕏Feb 2024✓ verified

humans& is a frontier AI lab focused on building human-centric AI systems that prioritize people and their relationships, emphasizing innovations in reinforcement learning, memory, and user understanding to create AI that strengthens organizations and communities.

AI & Machine LearningEnterprise SoftwareSaaSEl Segundo, US

Eric Zelikman(Co-founder)inNoah Goodman(Founder)inAlaarif Nooruldeen(Executive Officer, Director)

BoardKristen Green(Director)Allen Mask(Director)Jonathan Ellman(Director)

Co-investorsGV (Google Ventures)SV AngelNVIDIAA.Capital VenturesChamaeleonFelicis Ventures+7 more

NewLimitnewlimit.com𝕏May 2025✓ verified

NewLimit develops epigenetic reprogramming medicines to extend healthspan and treat age-related diseases at the intersection of computer science and biotechnology.

AI & Machine LearningBiotechLongevitySouth San Francisco, US

Brian Armstrong(Co-founder, Board of Directors)inBlake Byers(Director)inJacob Kimmel(Director)inMichael Polansky(Executive Officer)

BoardZavain Dar(Director)in

Co-investorsValor Equity Partners8VCAbstract Venturesage1Beyond CapitalDraper Associates+8 more

MedCryptmedcrypt.coin𝕏Feb 2025SEC filinghigh confidence

Medcrypt provides cybersecurity products and strategic consulting to medical device manufacturers to ensure devices are secure by design and meet regulatory requirements.

CybersecurityHealthtechMedical DevicesSaaSSan Diego, US

Mike Kijewski(Founder)inEric Pancoast(Founder)in

Board seatAndrew ConradMike Pellini· per SEC Form D · $8.7M raise · filed Feb 2025

Co-investorsY CombinatorEniac VenturesSection 32Anzu PartnersIntuitive VenturesLRVHealth

Pod Foodspodfoods.coinAug 2021SEC filingmedium confidence

Pod Foods operates a technology-enabled grocery supply chain platform designed to connect consumer food brands with retail accounts, replacing traditional wholesale distribution models.

B2B MarketplacesFoodTechLogistics & Supply ChainRetail TechSan Francisco, US

Fiona Lee(Executive Officer, Director)inLarissa Russell(Executive Officer, Director)in

BoardClint Chao(Director)in

Board seatAinhoa Maiz· per SEC Form D · $10M raise · filed Sep 2021

Co-investorsBarrel VenturesFunction VenturesK2 GlobalLotus Venture PartnersM12 (Microsoft's Venture Fund)Moment Ventures, Llc+5 more

Twinstrand Biosciencestwinstrandbio.comJun 2023SEC filingmedium confidence

TwinStrand develops Duplex Sequencing technology, a genomic platform for improving accuracy in clinical medicine and life sciences research applications.

BiotechData & InfrastructureDeep TechMedical DevicesSeattle, US

Jesse Salk(Executive Officer, Director, Promoter)inKellie Bickel(Executive Officer)Elena Cant(Executive Officer)Karen Dabbs(Executive Officer)in

BoardChad Waite(Director)Michael Pellini(Director)in

Board seatMike Pellini· per SEC Form D · $25.7M raise · filed Jun 2023

Co-investorsMadrona Venture Group

80908090.aiin𝕏Jun 2026

8090 is an AI-native software development platform designed for regulated enterprises in healthcare, financial services, manufacturing, and government that enables teams to build production code from business intent with full audit trails and governance controls.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareRedwood City, US

Chamath Palihapitiya(Co-founder and CEO)inRohit Kelapure(Founder)inSina Sojoodi(Founder)inSteven Trieu(Executive Officer)in

Co-investorsSection 32Craft VenturesLAUNCHSalesforce VenturesTPB

Altimeteraltimeter.com

Altimeter is a technology-focused investment firm that invests in public and private markets and partners with companies through their growth stages, including entry into public markets.

Brad Gerstner(Founder)in

Co-investorsIntegra GroupeAltimeter CapitalFoundation Capital

Aspen Neuroscienceaspenneuroscience.comin𝕏

Aspen Neuroscience develops iPSC-derived autologous cell therapies for neurological diseases, with a lead product (ANPD001) in Phase 1/2a clinical trials for Parkinson's disease.

BiotechDeep TechDigital HealthMedical Devices

Andrés Bratt-Leal(Co-Founder and Senior Vice President, Research & Development)inDamien McDevitt(President and Chief Executive Officer)in

Co-investorsARCH Venture PartnersLifeforce CapitalOrbiMedDomain AssociatesEDB InvestmentsSection 32+4 more

Basecampbasecamp-research.comin𝕏

A new type of biodiscovery, discovering and harnessing nature's most valuable proteins

Oliver Vince(Founder)inGlen Gowers(Founder)in

Co-investorsBlue Horizon CorporationHummingbird VenturesNVenturesSection 32Systemiq CapitalTrue Ventures+5 more

BigHat Biosciencesbighatbio.comin𝕏Series B · Jul 2022 · $75M

Big Hat Bio develops therapeutics under development across multiple programs.

AI & Machine LearningBiotechDeep TechSan Francisco, US

Peyton Greenside(Executive Officer, Director)inMark DePristo(Executive Officer, Director)in

BoardFrancisco Gimenez(Director)inSteve Kafka(Director)Vineeta Agarwala(Director)inRobert Chess(Director)

Co-investors8VCAndreessen HorowitzBOLD LongevityFlucas VenturesGRIDS CapitalAME Cloud Ventures+5 more

Black Forest Labsbfl.aiin𝕏Nov 2025

AI research lab developing visual intelligence technology including image generation and manipulation models.

AI & Machine LearningDeep TechDeveloper ToolsFreiburg, DE

Robin Rombach(Founder)Andreas Blattmann(Founder)inPatrick Esser(Founder)Tim Dockhorn(Founder)

BoardAnjney Midha(Director)in

Co-investorsAir Street CapitalAndreessen HorowitzBroadLight CapitalCherry VenturesEarlybird Venture CapitalHeadline+12 more

Brightsidebrightside.comin𝕏

Brightside provides remote mental health care combining personalized psychiatry and therapy through a technology-enabled platform.

Digital HealthHealthtechMental HealthSan Francisco, US

Jeremy Barth(Executive Officer, Director)inBrad Kittredge(Founder)in

BoardEric Wiesen(Director)inAike Ho(Director)in

Co-investorsBullpen CapitalACME CapitalEastward Capital PartnersObvious VenturesRosecliff VenturesSlow Ventures+4 more

Brightsidegobrightside.comin𝕏

Brightside provides financial wellness services to employees through human Financial Assistants who address personal financial needs including emergency loans, budgeting, credit, and retirement planning.

Enterprise SoftwareFintechHR TechWellness & Fitness

Shawn Leavitt(Originator of the Brightside idea (deceased))inJacky Chiu(CTO & Co-founder)inTom Spann(CEO & Co-founder)inCallum King(Co-founder)in

Co-investorsAndreessen HorowitzClocktower VenturesComcast VenturesEscalate Capital PartnersObvious VenturesSemperVirens Venture Capital

Coherecohere.comin𝕏

Cohere builds foundational AI models and enterprise solutions that help businesses automate tasks, accelerate workflows, and enhance decision-making.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSToronto, CA

Aidan Gomez(Co-founder & CEO)Ivan Zhang(Co-founder)inNick Frosst(Co-founder)in

Co-investorsAdvaita CapitalAju IB Invesment CorporationAlumni VenturesBasecamp FundIndex VenturesInovia Capital+16 more

Crowdstrikecrowdstrike.comin𝕏

CrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations.

AI & Machine LearningCloud ComputingCybersecuritySaaSSunnyvale, US

George Kurtz(Founder)in

Co-investorsAAF Management Ltd.AccelAnsa CapitalBallistic VenturesBright Pixel CapitalCapitalG+8 more

Culture Biosciencesculturebiosciences.comin𝕏

Culture Biosciences provides software and bioreactor hardware solutions for bioprocess development, enabling researchers to design, monitor, and analyze experiments remotely with cloud-native analytics and AI/ML insights.

AI & Machine LearningBiotechCloud ComputingHealthtechSan Francisco, US

Will Patrick(Founder/CEO)inMatt Ball(Founder/CTO)in

Co-investorsCompoundDCVC (Data Collective)GRIDS CapitalHemisphere Ventures LLCThe E14 FundY Combinator+4 more

Databricksdatabricks.comin𝕏

Databricks provides a unified platform for data engineering, analytics, and artificial intelligence, enabling organizations to build and deploy data and AI applications on cloud infrastructure.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US

Ali Ghodsi(Co-founder & CEO)inIon Stoica(Executive Officer, Director, Promoter)inMatei Zaharia(Executive Officer, Director, Promoter)inReynold Xin(Founder)inPatrick Wendell(Founder)inAndy Konwinski(Founder)in

Co-investors137 VenturesA.Capital VenturesAglae VenturesAlkeon InnovationAltra VentureAmplify Partners+71 more

Deeldeel.comin𝕏

Deel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders.

Enterprise SoftwareFintechFuture of WorkHR TechSaaSSan Francisco, US

Alex Bouaziz(Founder/CEO)inShuo Wang(Founder/CRO)inAlexandre Bouaziz(Executive Officer, Director, Promoter)Ofer Simon(Former Co-Founder)Philippe Bouaziz(Executive Officer, Director, Promoter)in

BoardAnish Acharya(Director)in

Co-investorsAlpha Square GroupAltaIR CapitalAmplo VenturesAndreessen HorowitzCoatue ManagementElad Gil+35 more

Emaema.ai

Ema builds "Universal AI Employees" — AI agents designed to perform business tasks and automate repetitive work across an organization.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS

Surojit Chatterjee(Co-Founder & CEO)inSouvik Sen(Co-Founder & CTO)in

Co-investorsAccelSection 32Transpose Platform ManagementWipro VenturesHitachi VenturesProsus Ventures+1 more

Endor Labsendorlabs.comin𝕏

Endor Labs provides application security tooling to identify, prioritize, and fix vulnerabilities in software development, with particular focus on securing AI-generated code and open-source dependencies.

AI & Machine LearningCybersecurityDeveloper ToolsPalo Alto, US

Varun Badhwar(Founder & Co-founder)inDimitri Stiliadis(Founder & Co-founder)in

Co-investorsLightspeed Venture PartnersDell Technologies CapitalCoatue ManagementSalesforce VenturesSection 32Sierra Ventures+6 more

Flow SecurityinAcquired

CrowdStrike provides cloud-native security software protecting endpoints, cloud workloads, identity systems, and data infrastructure to prevent breaches for enterprise customers.

Cloud ComputingCybersecurityEnterprise Software

George Kurtz(Founder & CEO)

Co-investorsAmiti VenturesAnsa CapitalBallistic VenturesDecibel PartnersIntercept VenturesIVP (Institutional Venture Partners)+6 more

Fund Imissionbaycapital.cominAug 2026 · $545M

Mission Bay Capital is an early-stage investment firm dedicated to funding and supporting entrepreneur-scientists building companies to address chronic diseases and environmental challenges.

BiotechDeep TechFintechImpact & Social GoodSan Francisco, US

BoardDouglas Crawford(Managing General Partner)Peter D. Parker(Venture Partner)

Co-investorsScientia VenturesAndreessen HorowitzavraBONDBritish International InvestmentCapitalG+10 more

Gretelgretel.aiin𝕏Acquired

Gretel provides synthetic data generation tools that enable developers to create high-quality, domain-specific datasets for training agentic AI systems and language models.

AI & Machine LearningData & InfrastructureDeveloper ToolsSan Diego, US

Ali Golshan(Co-Founder & CEO)inLaszlo Bock(Co-Founder, Board of Directors)Alex Watson(Co-Founder & Chief Product Officer (initially Co-Founder & CEO))John Myers(Co-Founder & CTO)

BoardSridhar Ramaswamy(Board Partner (Greylock))inKelly Perdew(Director)in

Co-investorsGreylock PartnersMoonshots CapitalVillage GlobalAnthos CapitalEnzo VenturesExtension Fund+1 more

Gustogusto.comin𝕏

Gusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.

Enterprise SoftwareHR TechSan Francisco, US

Josh Reeves(Founder/CEO)inEdward Kim(Founder/Empowering Gusto's Engineering Team)inTomer London(Founder/; Empowering Gusto's Product and Design Teams)in

Co-investors137 VenturesA*Acrew CapitalAkkadian VenturesAspect VenturesAurum+48 more

Inceptiveinceptive.lifeinSep 2023

Inceptive builds foundation models of biological systems for drug discovery, specializing in sequence-based medicines like mRNA and peptides.

AI & Machine LearningBiotechMedical DevicesPalo Alto, US

Jakob Uszkoreit(Executive Officer, Director, Promoter)inKevin Heyries(Executive Officer)inDiana Isabel Ajuria(Executive Officer)Do Soon Kim(Executive Officer)in

BoardVijay S. Pande(Director)in

Co-investorsAndreessen HorowitzArtis VenturesObvious VenturesSection 32NVentures

Inductive Bioinductive.bioin𝕏Mar 2025

Inductive Bio builds AI and machine learning software to accelerate drug discovery for pharmaceutical and biotech researchers, combining computational chemistry with expertise in translating complex drug programs from preclinical to clinical stages.

AI & Machine LearningBiotechDeep TechBrooklyn, US

Josh Haimson(Executive Officer, Director)inBen Birnbaum(Ph.D.)inAlexander Taylor(Ph.D.)in

BoardRohan Ganesh(Director)in

Co-investorsAlleyCorpAndreessen HorowitzCoalition OperatorsLux CapitalObvious VenturesAlley Robotics Ventures+4 more

Inworld AIinworld.aiin𝕏Series A · Aug 2022 · $50M

Inworld AI provides a full-duplex audio streaming platform that enables real-time conversational AI interactions with intelligent turn-taking, function calling, and multi-model routing capabilities for developers building conversational applications.

AI & Machine LearningDeveloper ToolsMountain View, US

Ilya Gelfenbeyn(Founder)inKylan Gibbs(Founder)inMichael Ermolenko(Founder)in

Co-investorsBitkraft Esports VenturesBrave CapitalCRV (Charles River Ventures)Dentsu VenturesDisney AcceleratorFirst Spark Ventures, Llc+11 more

Legoralegora.comin𝕏

Legora builds AI-powered collaboration software for lawyers to automate routine tasks and improve efficiency in legal work.

AI & Machine LearningEnterprise SoftwareLegalTechStockholm, SE

Max Junestrand(Founder)inSigge Labor(Founder)inAugust Erséus(Co-founder)in

BoardJacob Effron(Redpoint board member)inLogan Bartlett(Redpoint board member)in

Co-investorsAbstract VenturesAccelAlkeon InnovationAtlassian VenturesBain Capital VenturesBessemer Venture Partners+27 more

LiveXlivex.aiin𝕏

LiveX builds a platform for deploying human-like AI agents across digital and physical environments, including voice avatars, video avatars, kiosks, and holograms that interact with customers in retail stores, hotels, airports, and other public spaces.

AI & Machine LearningDeep TechEnterprise SoftwareSaaS

Jerry Li(Founder)inJia Li(Founder)in

Metaphysicmetaphysic.aiSeed · Jan 2022 · $8M

London

Kevin Ume(Executive Officer, Director, Promoter)Christopher Ume(Executive Officer, Director, Promoter)Thomas Graham(Executive Officer, Director, Promoter)

Co-investorsCosmic Venture PartnersTectonic Ventures

Nestnest.com𝕏

Google Nest manufactures smart home devices including cameras, doorbells, speakers, and thermostats that integrate with Google Home for security, entertainment, and energy management.

ConsumerHardwareIoTMountain View, US

Tony Fadell(Founder)inMatt Rogers(Founder)

Co-investorsC4 VenturesDCVC (Data Collective)GV (Google Ventures)Impact America FundKleiner PerkinsPJC+8 more

Network Bionetwork.bioinAug 2026 · $50M

Network Bio activates biobanks through securitization and capital infusion, providing research-grade data assets and operational infrastructure for precision medicine and biomedical research.

BiotechData & InfrastructureDigital Health

Co-investorsArtis VenturesBreyer Capital

Neuralinkneuralink.com

Neurotechnology company developing implantable brain-computer interfaces for people with paralysis and vision loss.

BiotechFremont, US

ELON MUSK(Executive Officer)in

BoardJared Birchall(Executive Officer, Director)

Co-investorsAdvaita CapitalAurum Venture PartnersBeyond CapitalDreamers VCFounders FundGestio Capital+18 more

New Yorkmitalumniangelsny.comSep 2026

MIT Alumni Angels is a founder network and investment organization that operates regional chapters in Boston and New York, connecting MIT graduates as angel investors and entrepreneurs.

FintechNew York, US

Wan Li Zhu(Founder & Managing Director)in

Co-investorsFairhaven Capital Partners186 VenturesAlumni VenturesBain Capital Tech OpportunitiesBelvedere Strategic CapitalBessemer Venture Partners+9 more

Nucleainucleai.aiSeries B · Mar 2022 · $33M

Co-investorsM VenturesSanofi VenturesSAV (Scale Asia Ventures)

Nusanonusano.cominOct 2024

Nusano produces medical radioisotopes for use in theranostic compounds and cancer treatment applications.

BiotechDeep TechHealthtechMedical DevicesWest Valley City, US

Howard C. Lewin(Co-founder & Chief Product Development Officer)inGlenn B. Rosenthal(Co-founder & Chief Technology Officer)in

Co-investorsWasatch Equity PartnersSection 32

Octavefindoctave.cominSeries A · Jul 2018 · $14M

Octave is a mental health practice platform that connects licensed therapists with patients seeking in-network mental health care.

Digital HealthHealthtechMental HealthSaaSSan Francisco, US

Sandeep Acharya(Founder, CEO)inDavid White(Executive Officer)in

BoardSaurabh Bhansali(Director)inEllie Wheeler(Director)Craig Cimini(Director)

Co-investorsFelicis VenturesGreycroftHealthier CapitalObvious VenturesDeerfield Management Company

Ohaloohalo.com

Ohalo develops agricultural products designed to improve farmer productivity and livelihoods globally.

AgTechBiotech

Co-investorsCongruent VenturesSection 32

ONIoni.bioin𝕏Series B · Dec 2021 · $75M

ONI develops the Nanoimager, an automated super-resolution imaging system.

BiotechDeep TechHardwareMedical DevicesOxford, GB

Co-investorsARCH Venture PartnersArtis VenturesFuture Planet CapitalOxford Technology ManagementVertical Venture PartnersAxon Ventures+3 more

Outtakeouttake.aiin𝕏Jan 2026 · $40M

Outtake provides digital risk protection and threat intelligence services that detect and mitigate threats targeting brands and organizations, including impersonation attacks, fraudulent domains, cloned apps, and social engineering campaigns.

AI & Machine LearningCybersecurityNew York City, US

Alex Arjun Dhillon(Founder)in

Co-investorsCRV (Charles River Ventures)ICONIQLegalTechMantis CapitalSlow VenturesFounders Fund

Phaidraphaidra.aiin

Phaidra develops an AI control platform that uses reinforcement learning to optimize energy efficiency and operational performance in data centers and AI factories.

AI & Machine LearningCloud ComputingDeep TechEnergySeattle, US

Jim Gao(Co-Founder, Chief Executive Officer, Board Member)inVeda Panneershelvam(Co-Founder, Chief Technology Officer, Board Member)inKatie Hoffman(Co-Founder, President, Chief Operating Officer, Board Member)inVedavyas Panneershelvam(Founder)in

Co-investorsCollaborative FundCool Climate CollectiveEast Valley VenturesFlying Fish VenturesIncubate USIndex Ventures+8 more

Physical Intelligencepi.website𝕏

Physical Intelligence develops generalist AI models for robotics that can control any robot to perform various tasks through learning algorithms and multi-robot training.

AI & Machine LearningDeep TechRoboticsSan Francisco, US

Sergey Levine(Founder)Adnan Esmail(Founder)inBrian Ichter(Founder)inKarol Hausman(Founder)inLachy Groom(Founder)inQuan Vuong(Founder)in

Co-investorsCapitalGKhosla VenturesLux CapitalRedpoint VenturesSequoia CapitalThrive Capital+24 more

Pomelopomelo.comJan 2026 · $55M

Pomelo is a San Francisco fintech combining international money transfers with consumer credit lines and a Mastercard card.

Eric Velasquez Frenkiel(Founder)in

Co-investorsA*Mantis CapitalAdams Street PartnersAfore CapitalAndreessen HorowitzAtomico+10 more

Puzzlepuzzle.ioin𝕏Series A · Oct 2023 · $30M

Puzzle builds a modern accounting system for startups and small-to-medium businesses, delivering real-time financial intelligence by reconstructing core ledger and data infrastructure.

AI & Machine LearningFintechSaaSSan Francisco, US

Sasha Orloff(Founder)inJohn Cwiklain

BoardHEMANT TANEJA(Director)in

Co-investorsFelicis VenturesFjor FoundersKapor CapitalOn DeckSterling RoadTwo Culture Capital+3 more

Puzzlepuzzle.online𝕏Nov 2023 · $30M

Puzzle is a crypto wallet for the Aleo blockchain, available on iOS, Android, and Chrome, that includes a native Arcade offering earning opportunities to users.

Crypto & Web3Fintech

Co-investorsBain Capital CryptoFelicis VenturesGeneral CatalystKapor CapitalSterling Road

Rayarayatheapp.com

Raya is a private, membership-based iPhone app for dating, networking and social discovery with an application-based vetting process.

Co-investorsDreamers VCSection 32

RunSybilrunsybil.comin𝕏Jan 2026

RunSybil provides AI-powered active defense and offensive security capabilities for enterprise security teams, automating hacker-level threat detection and response.

AI & Machine LearningCybersecuritySan Francisco, US

Ari Herbert-Voss(Executive Officer, Director)inAriel Herbert-Voss(Founder)inVlad Ionescu(Founder)inBrian Byun(Director)

Co-investorsConvictionMenlo Ventures

Sandbox AQsandboxaq.comin𝕏

SandboxAQ combines artificial intelligence and quantum technology to address complex industrial challenges.

AI & Machine LearningDeep TechQuantum Computing

Jack Hidary(Founder)in

BoardSergey Brin(Founder)

Co-investorsAllianz XAvant Global LLCBreyer CapitalElaiaFPVIn-Q-Tel+12 more

Scale AIscale.comin𝕏

Scale provides high-quality training data, model evaluations, and full-stack AI systems for enterprises and governments to build and deploy AI applications.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Alexandr Wang(Co-founder & CEO)inLucy Guo(Co-founder)in

Co-investorsAccelAdit Ventures Management, LlcBeyond CapitalCheyenne VenturesCoatue ManagementElad Gil+33 more

ScienceIOscience.ioinSeed · Oct 2021 · $8MAcquired

ScienceIO offers an AI platform for interpreting healthcare data, including a product that converts unstructured medical text into structured data via an API and maps it to millions of medical concepts.

AI & Machine LearningData & InfrastructureDigital HealthHealthtech

Will Manidis(Founder, CEO)Gaurav Kaushik(Founder, President)

Co-investorsEarl Grey CapitalSwell PartnersToba CapitalAlt CapitalLachy GroomQuiet Capital+7 more

Slackslack.comin𝕏Acquired

Slack is an AI-powered communication platform that consolidates conversations, applications, and customer interactions in a single workspace for businesses.

Enterprise SoftwareFuture of WorkSaaSSan Francisco, US

Cal Henderson(Co-founder & CTO)inStewart Butterfield(Co-founder & CEO)in

Co-investors1991 VenturesAccelACME CapitalAcrew CapitalAglae VenturesAndreessen Horowitz+36 more

Solasola-solutions.comin𝕏Sep 2025 · $35M

Sola develops process automation software that uses AI and bots to handle repetitive tasks for enterprise teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

Jessica Wu(Founder)inNeil Deshmukh(Founder)in

Co-investorsConvictionY CombinatorGlilot Capital PartnersNew Era Capital PartnersS Capital

Solasola.aiin𝕏Sep 2025 · $35M

Sola develops process automation software that uses bots to handle repetitive tasks, allowing teams to focus on higher-value work.

AI & Machine LearningEnterprise SoftwareSaaS

Jessica Wu(Co-founder)inNeil Deshmukh(Co-founder)in

Co-investorsAndreessen HorowitzGlilot Capital PartnersNew Era Capital PartnersS Capital

Sola Securitysola.securityin𝕏Series A · Sep 2025 · $35M

Sola is a vendor-agnostic enterprise security platform that normalizes data from Cloud, Code, Identity, and SaaS sources into a single common framework.

AI & Machine LearningCybersecurityEnterprise SoftwareTel Aviv, IL

Guy Flechter(Founder)in

Co-investorsGlilot Capital PartnersM12 (Microsoft's Venture Fund)New Era Capital PartnersS CapitalSequoia Capital

Sooth Labssooth.incin

Sooth builds an AI-powered global foresight engine that delivers reliable probabilistic forecasts to help organizations make strategic decisions under uncertainty by analyzing interconnected risks across markets, supply chains, and geopolitical events.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsArdent VentureFelicis Ventures

Stairwellstairwell.cominSeries B · Oct 2022 · $45M

Stairwell provides cybersecurity threat intelligence solutions to help teams identify and address security threats.

Cybersecurity

Co-investorsAccelBallistic VenturesGradient VenturesLux CapitalSection 32Sequoia Capital

Tollbittollbit.com

TollBit provides publishers and commerce platforms with tools to monitor, control, and monetize AI agent and bot access to their websites, including analytics on AI traffic, agent authentication, content licensing, and pricing enforcement.

AI & Machine LearningData & InfrastructureMarketing TechNew York City, US

Olivia Joslin(Cofounder & COO)inToshit Panigrahi(Cofounder & CEO)in

Co-investorsAIX VenturesLightspeed Venture PartnersLerer Hippeau

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Alpha SourceAltPepAutoscienceBigHatCiitizenEma Unlimited, Inc.Exai BioFaroFaro AIForward NetworksKobaltOscarOwl AIPerceptronVerve

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 8

3 IPOs · 5 acquisitions · showing 4

CoinbaseNasdaq: COINInfleqtionNYSE: INFQUberNYSE: UBERKobaltacq. by Primary Wave Music

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has S32 made?
S32 has 77 tracked investments, 8 of which have exited, including 17 dated in the last 24 months.
What stage does S32 invest at?
S32 invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does S32 focus on?
S32 focuses on AI & Machine Learning, Biotech, Cybersecurity, Data & Infrastructure, Deep Tech, Enterprise Software, Fintech, Healthtech, Robotics, SaaS.
Where is S32 located?
S32 is headquartered in Palo Alto, US.
Does S32 lead rounds?
S32 typically participates in rounds rather than leading them.
Who does S32 co-invest with?
S32 most often shares deals with Section 32, Accel, SV Angel, among 225 tracked co-investors.

Co-investors · 54

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
A.Capital Ventures

A.Capital Ventures is an early-stage venture firm that provides funding, network access, and hands-on support to entrepreneurs building forward-thinking technology companies.

M12 (Microsoft's Venture Fund)

M12 is Microsoft's venture fund, investing in companies building AI-native platforms and applications for business use cases.

$100K – $10M
Artis Ventures

Artis Ventures is a venture capital firm focused on supporting founders reimagining the systems that sustain life, spanning from cellular biology to broader societal impact.

$50K – $25M
Insight Partners

Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.

Both backed · 2
$120M – $350M
Benchmark

Benchmark is a venture capital firm with offices in San Francisco and Woodside that invests in early-stage startups.

Both backed · 2
$100K – $30M
CRV (Charles River Ventures)

CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.

Both backed · 2
$250K – $5M
42 more co-investors

Madrona Venture GroupCota CapitalARCH Venture PartnersS CapitalEniac VenturesGradient VenturesInnovation EndeavorsTodd and Rahul’s Angel FundBanana CapitalIntel CapitalThreshold VenturesVibe CapitalMONASHEESXYZ Venture CapitalPaladin Capital GroupNorthpond VenturesAdams Street PartnersDeerfield Management CompanySanofi VenturesVertical Venture PartnersCasdin CapitalIntuitive VenturesB Capital GroupCanaan PartnersBuckley Ventures Management Company LlcNot Boring CapitalPolaris PartnersMMC VenturesVertex Ventures IsraelHighbury HoldingsKaszek VenturesGreatPoint VenturesPIPELINE CAPITAL PARTNERSThird Rock Ventures7wire VenturesGrove VenturesSV Health InvestorsMsd CapitalAlta PartnersaMoonMerck Global Health Innovation FundMcKesson Ventures

Firms observed investing alongside S32, from public investor directories. Shared companies are the overlap with S32's recorded portfolio.

Similar investors

Featured in lists