Sapphire Ventures

Activity from announced rounds

Activity in this selectionOct 24, 2026 · 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
17
Confirmed lead rounds
1
13 roles undisclosed
New companies
15
First participation on record · 2 follow-on
Funding in participating rounds
$3.8B
17 disclosed · full round size, not this investor’s share

By stage

Series C+12
Series B4
Undisclosed1

By primary sector

Fintech5
AI3
Defense tech3
Cybersecurity2
Biotech1
3 more
Developer tools1
Enterprise software1
Industrial tech1

By country

United States15
France1
Germany1

Rounds

17 in this selection
Tractian

Industrial asset monitoring company combining sensors and AI to diagnose equipment problems and guide maintenance.

$130MSeries D
Lead
Temporal

Temporal provides an open-source durable execution platform for long-running applications and AI agents.

$550MSeries E
Participant
Harvey

Provides legal infrastructure for law firms and in-house teams

$550MSeries H
Participant
Gimlet Labs

Provides a cloud inference platform and compiler that distribute AI workloads across different processor types.

$300MSeries B
Participant
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
Chai Discovery

Building AI models to accelerate pre-clinical drug discovery

$400MSeries C
Role not disclosed
Current

Provides consumer fintech platform helping everyday Americans improve their financial lives

$80MSeries E
Role not disclosed
Mercury

Provides banking and financial operating system for startups and businesses

$200MSeries D
Role not disclosed
Hightouch

Provides data and AI for marketing

$150MSeries D
Role not disclosed
Upvest

Provides API-based infrastructure for securities businesses

$125MUndisclosed
Role not disclosed
Temporal

Temporal provides an open-source durable execution platform for long-running applications and AI agents.

$300MSeries D
Role not disclosed
GitGuardian

Provides a non-human identity security platform to detect and remediate leaked secrets in code

$50MSeries C
Role not disclosed
Bretton AI

Provides AI agents for financial crime operations in regulated financial institutions

$75MSeries 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
Rain

Provides enterprise-grade infrastructure for stablecoin-powered payments

$250MSeries C
Role not disclosed