Recent Funding
Investors
SIERRA Ventures

SIERRA Ventures portfolio

SIERRA Ventures has 17 portfolio companies on record at Recent Funding, with 3 investments in the last 12 months.

Website: sierraventures.com.

X: @Sierra_Ventures.

Type: Venture capital.

Portfolio on Recent Funding: 17.

Deals, last 12 months: 3.

Rounds led: 3 of 15.

Capital in their rounds: $426.7M.

Latest deal: Thrixel · Oct 9, 2026.

About this page

It is a venture capital firm based in San Mateo, US, founded in 1980. It led 3 of the 15 rounds it joined. Its most recent investment on record is Thrixel's $3M Seed round in October 2026, alongside Jon Barron, Matt Bilbey, MFV Partners and 2 others. By category, its portfolio leans toward Developer tools and cloud (6) and AI agents (4). It has co-invested with boldstart ventures, Stripes and T-Mobile Ventures, most often boldstart ventures (4 rounds).

About SIERRA Ventures

Firm type: Venture capital.

Headquarters: San Mateo, US.

Founded: 1980.

Stages: Pre-Seed, Seed, Series A.

Sectors: Advanced Manufacturing, AI & Machine Learning, Biotech, Cloud Computing, Cybersecurity, Data & Infrastructure, Deep Tech, Defense Tech, Digital Health, Enterprise Software, Fintech, Healthtech, LegalTech, New Materials, Quantum Computing, Robotics, SaaS, Semiconductors.

Check size: $500K to $10M.

Leads rounds: Yes.

Portfolio companies: 179.

Exits: 14.

Rounds led: 16.

Funds raised

Fund	Fund #	Size	Announced
SSierra Ventures Bay Area	XI	$170Mvia Shai Goldman's fund list	Jan 4, 2016
SSierra Ventures Bay Area	X	$200Mvia Shai Goldman's fund list	Jan 2011

What SIERRA Ventures invests in

Developer tools and cloud · 6 · 35%
AI agents · 4 · 24%
Commerce and retail · 3 · 18%
Health and bio · 2 · 12%
AI coding and devtools · 2 · 12%
Legal and compliance · 2 · 12%
Data and analytics · 2 · 12%
Foundation models and research · 2 · 12%

SIERRA Ventures recent investments

Company	Round	Date	Alongside
TThrixel	Seed · $3M	Oct 9, 2026	Jon Barron, Matt Bilbey, MFV Partners +2
AAI Hospitality Group	Seed · $7.5M	Sep 21, 2026	Dynamo, Rackhouse Venture Capital (lead)
SSmallest AI	Series A · $13M	Jul 31, 2026	Seligman Ventures (lead), 3one4 Capital
CCimulate	Series A · $28M	Dec 18, 2024	Pillar VC, Commerce Ventures, LFX Venture Partners +1
SSpectro Cloud	Series B+ · $75M	Nov 21, 2024	Qualcomm Ventures, Goldman Sachs Alternatives (lead), T-Mobile Ventures +4
EEnable	Series B+ · $120M	Nov 7, 2023	Menlo Ventures, Norwest Venture Partners, Insight Partners +2
EEndor Labs	Seed · $25M · lead	Oct 11, 2022	Jay Chaudhry, Dell Technologies Capital (lead), Preface Ventures +7
SSpectro Cloud	Series B+ · $40M	Mar 23, 2022	Alter Venture Partners, T-Mobile Ventures, Leonis Capital +5

How SIERRA Ventures invests

Stage	Deals	Capital in rounds
Series B+	5 33%	$305M
Seed	5 33%	$48.7M
Series A	5 33%	$73M

Year	Deals	Capital in rounds
2019	2 13%	$20.7M
2020	2 13%	$24.5M
2021	3 20%	$70M
2022	2 13%	$65M
2023	1 7%	$120M
2024	2 13%	$103M
2026	3 20%	$23.5M

SIERRA Ventures portfolio companies

TThrixel$3MSeed · Oct 2026
AAI Hospitality Group$7.5MSeed · Sep 2026
SSmallest AI$13MSeries A · Jul 2026
CCimulate$28MSeries A · Dec 2024
SSpectro Cloud$75MSeries B+ · Nov 2024
EEnable$120MSeries B+ · Nov 2023
EEndor Labs$25MSeed · Oct 2022
QQ-CTRL$25MSeries B+ · Nov 2021
AAstronomer$5.7MSeed · Sep 2019
EEudiabacker
SSiena AIbacker
PPlanerabacker
SSedaibacker
OOutcomes4Mebacker
KKinnekbacker
BBoomtrainbacker
AAndebacker

Company	Round with SIERRA Ventures	Total raised	Latest raise
TThrixel Developer tools and cloud	Oct 9, 2026 Seed · $3M	$3M	Oct 9, 2026 Seed
AAI Hospitality Group AI agents	Sep 21, 2026 Seed · $7.5M	$7.5M	Sep 21, 2026 Seed
SSmallest AI Voice and audio AI	Jul 31, 2026 Series A · $13M	$13M	Jul 31, 2026 Series A
CCimulate Commerce and retail	Dec 18, 2024 Series A · $28M	$28M	Dec 18, 2024 Series A
SSpectro Cloud Developer tools and cloud	Nov 21, 2024 Series B+ · $75M	$222.5M	Aug 1, 2026 Series B+
EEnable Developer tools and cloud	Nov 7, 2023 Series B+ · $120M	$276M	Nov 7, 2023 Series B+
EEndor Labs AI coding and devtools	Oct 11, 2022 Seed · $25M · lead	$188M	Apr 1, 2025 Series B+
QQ-CTRL Developer tools and cloud	Nov 30, 2021 Series B+ · $25M	$389M	Nov 12, 2026 Series B+
AAstronomer Data and analytics	Sep 25, 2019 Seed · $5.7M · lead	$104.1M	Jun 2, 2025 Series B+
EEudia Foundation models and research	backer · source	$105M	Sep 29, 2025 Series A
SSiena AI AI agents	backer · source	$21.7M	Oct 6, 2026 Series A
PPlanera Real estate and construction	backer	$8M	Oct 13, 2025 round
SSedai AI coding and devtools	backer	$20M	Jun 16, 2025 Series B+
OOutcomes4Me Health and bio	backer	$21M	May 29, 2025 round
KKinnek Commerce and retail	backer	undisclosed	—
BBoomtrain Sales and marketing	backer	undisclosed	—
AAnde	backer	undisclosed	—

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.

Venture funds SIERRA Ventures raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 15 rounds on Recent Funding that name SIERRA Ventures. 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 SIERRA Ventures, which is a subset of its real portfolio. API: /api/v1/investors/sierra-ventures (get a free API key). More: the most active VC firms and new venture capital funds.