Sapphire Ventures

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Enterprise software · Jul 27, 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
2
Confirmed lead rounds
—
2 roles undisclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$311M
2 disclosed · full round size, not this investor’s share

By stage

Series B1
Series C+1

By primary sector

Cybersecurity1
Defense tech1

By country

United States2

Rounds

2 in this selection
Smack Technologies

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

$61MSeries B
Role not disclosed
Horizon3

Runs autonomous AI-driven penetration testing to secure enterprise networks

$250MSeries E
Role not disclosed