SoftBank Vision Fund 2

Activity from announced rounds

Activity in this selectionUnited States · Oct 23, 2026 · Jan 1, 2026

SoftBank Vision Fund 2 is the specified fund explicitly named by Zenity and Encoded.

Recorded funding activity

Zenity secures enterprise agents. Encoded develops neurological gene therapies, while Emergent develops AI software-creation tools. The vehicle remains distinct from Vision Fund 1, SoftBank itself and fund advisers.

Sources
Rounds participated in
4
Confirmed lead rounds
0
3 roles undisclosed
New companies
4
First participation on record · 0 follow-on
Funding in participating rounds
$935M
4 disclosed · full round size, not this investor’s share

By stage

Series C+3
Series B1

By primary sector

Biotech1
Climate tech1
Cybersecurity1
Developer tools1

By country

United States4

Rounds

4 in this selection
Encoded Therapeutics Inc.

Encoded develops precision gene therapies for neurological disorders, led by ETX101, a gene-regulation therapy for people with SCN1A-positive Dravet syndrome.

$275MSeries F
Participant
Zenity

AI security and governance platform purpose-built for enterprise AI agents

$125MSeries C
Role not disclosed
Helion

Develops magneto-inertial fusion power technology to generate electricity for commercial deployment

$465MSeries G
Role not disclosed
Emergent

Provides AI software creation platform for building full-stack web and mobile applications

$70MSeries B
Role not disclosed