RECENT FUNDING
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Meritech Capital portfolio

Meritech Capital has 33 portfolio companies on record at Recent Funding, with 10 investments in the last 12 months.

Website: meritechcapital.com.
X: @MeritechCapital.
Type: Growth equity.
Portfolio on Recent Funding: 33.
Deals, last 12 months: 10.
Rounds led: 15 of 35.
Capital in their rounds: $7.3B.
Latest deal: Air Space Intelligence · Oct 20, 2026.
About this page

It is a growth equity firm based in Palo Alto, US, founded in 1999. It led 15 of the 35 rounds it joined. Its most recent investment on record is Air Space Intelligence's $325M Series B+ round in October 2026, alongside Craft Ventures, Andreessen Horowitz, Citadel Securities and 2 others. By category, its portfolio leans toward Developer tools and cloud (14) and Cybersecurity (6). It has co-invested with Insight Partners, Redpoint Ventures and Andreessen Horowitz, most often Insight Partners (6 rounds).

About Meritech Capital

Firm type: Growth equity.
Headquarters: Palo Alto, US.
Founded: 1999.
Stages: Seed, Series A, Growth, Late Stage.
Sectors: AI & Machine Learning, Cybersecurity, Data & Infrastructure, Enterprise Software, Fintech, SaaS, Sector Agnostic.
Check size: $5M to $40M.
Leads rounds: Yes.
Portfolio companies: 17.
Exits: 6.
Rounds led: 20.

What Meritech Capital invests in

Meritech Capital recent investments

CompanyRoundDateAlongside
AAir Space IntelligenceSeries B+ · $325MCraft Ventures, Andreessen Horowitz, Citadel Securities +2
LLumilensSeries B+ · $700M · leadSeligman Ventures (lead), Qualcomm, Bain Capital Ventures (lead) +2
IinforcerSeries B+ · $50MDawn Capital, Insight Partners (lead)
MMind RoboticsSeries B+ · $400MVolkswagen, Eclipse, Greenoaks +8
TTrue AnomalySeries B+645 Ventures, The Private Shares Fund, Eclipse (lead) +10
DdepthfirstSeries B+ · $80M · leadnone named
WWorkOSSeries B+ · $100M · leadnone named
PPennylaneSeries B+ · $200MTCV (lead), Sequoia, Blackstone (lead) +2

How Meritech Capital invests

StageDealsCapital in rounds
Series B+ 33 94%$7.26B
Series A 2 6%$37M
YearDealsCapital in rounds
2017 1 3%$70M
2020 1 3%$86.5M
2021 6 17%$1.73B
2022 2 6%$145M
2024 3 9%$205M
2025 14 40%$3.2B
2026 8 23%$1.85B

Meritech Capital portfolio companies

CompanyRound with Meritech CapitalTotal raisedLatest raise
AAir Space Intelligence
Defense and security
 Series B+ · $325M$393MOct 20, 2026
Series B+
LLumilens
AI infrastructure and compute
 Series B+ · $700M · lead$700MAug 6, 2026
Series B+
Iinforcer
Cybersecurity
 Series B+ · $50M$85MJul 30, 2026
Series B+
MMind Robotics
Robotics and hardware
 Series B+ · $400M$1.01BMay 13, 2026
Series B+
TTrue Anomaly
Defense and security
 Series B+$377MApr 28, 2026
Series B+
Ddepthfirst
AI agents
 Series B+ · $80M · lead$120MMar 31, 2026
Series B+
WWorkOS
Legal and compliance
 Series B+ · $100M · lead$195MMar 2, 2026
Series B+
PPennylane
Fintech
 Series B+ · $200M$437.59MJan 20, 2026
Series B+
SServal
AI agents
 Series B+ · $75M$272MOct 29, 2026
Series B+
KKalshi
Prediction markets
 Series B+ · $1B$2.71BMay 21, 2026
Series B+
WWealthsimple
Crypto payments
 Series B+ · $536M$1.75BOct 28, 2026
Series B+
DDavid AI
Voice and audio AI
 Series B+ · $50M · lead$80.5MOct 8, 2025
Series B+
FFilevine
Legal and compliance
 Series B+ · $400M$508MSep 23, 2025
Series B+
FFramer
Sales and marketing
 Series B+ · $100M · lead$100MAug 28, 2025
Series B+
FFal
AI infrastructure and compute
 Series B+ · $125M · lead$337MDec 10, 2025
Series B+
AAstronomer
Data and analytics
 Series B+ · $93M$104.1MJun 2, 2025
Series B+
OOwner
Commerce and retail
 Series B+ · $120M · lead$408MAug 28, 2026
Series B+
PPersona
Legal and compliance
 Series B+ · $200M$418MApr 1, 2025
Series B+
BBuildOps
Fintech
 Series B+ · $127M · lead$225.8MMar 21, 2025
Series B+
AAtlan
AI agents
 Series B+ · $105M · lead$173.5MMay 8, 2024
Series B+
FFloqast
Legal and compliance
 Series B+ · $100M$281.5MApr 10, 2024
Series B+
SSuperblocks
AI coding and devtools
 Series A · $37M · lead$60MMay 27, 2025
Series A
YYugabyte
Fintech
 Series B+ · $188M$290MOct 28, 2021
Series B+
CClickUp
Developer tools and cloud
 Series B+ · $400M$535MOct 27, 2021
Series B+
EElement Biosciences
Health and bio
 Series B+ · $276M$823MJun 9, 2026
Series B+
DDuo Security
Cybersecurity
 Series B+ · $70M · lead$112MOct 18, 2017
Series B+
CClay
Sales and marketing
 backer · source$115MSep 9, 2026
Series B+
TThread AI
Health and bio
 backer · source$26MJun 5, 2025
Series A
Nn8n
AI coding and devtools
 backer · source$252MOct 9, 2025
Series B+
AAugment
AI agents
 backer · source$110MJul 13, 2026
Series A
AAvoca
AI agents
 backer$125.5MApr 27, 2026
Series B+
AAugment Code
AI coding and devtools
 backer$227MApr 26, 2024
Series B+
PPigment
Sales and marketing
 backer$420.9MOct 21, 2026
Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 35 rounds on Recent Funding that name Meritech Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Meritech Capital, which is a subset of its real portfolio. API: /api/v1/investors/meritech-capital (get a free API key). More: the most active VC firms and new venture capital funds.

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