Sapphire Ventures

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Defense tech · Jan 1, 2026

Sapphire Ventures invests in enterprise software and AI companies after product-market fit, focusing on expansion-stage businesses building toward category leadership.

The firm concentrates on a selected group of companies and works on scaling go-to-market, operations and leadership. Its platform includes executive talent introductions and connections to prospective customers and partners.

This model addresses the transition from a working product to an organisation capable of sustained enterprise growth: recruiting leadership, expanding distribution and building the operating capability around a larger customer base.

Sources
Rounds participated in
3
Confirmed lead rounds
—
3 roles undisclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$397M
3 disclosed · full round size, not this investor’s share

By stage

Series B2
Series C+1

By primary sector

Defense tech3

By country

United States3

Rounds

3 in this selection
Smack Technologies

Frontier AI lab building domain-specific decision-making models for the military

$61MSeries B
Role not disclosed
Defense Unicorns

Develops secure software delivery for national security mission systems

$136MSeries B
Role not disclosed
Onebrief

AI-powered platform for military command and operations

$200MSeries D
Role not disclosed