Strategy
Geographies
Boston, Massachusetts
Portfolio
4 totalSector / Stage Activity
By sector (portfolio)
AI infra
2 · 50%
Defense
1 · 25%
Space
1 · 25%
Co-Investors
12Lightspeed Venture Partners · 2 sharedAmazon · 1 sharedDragoneer · 1 sharedGoogle · 1 sharedGreenoaks · 1 sharedSequoia Capital · 1 sharedBattery Ventures · 1 sharedConviction · 1 sharedGreylock Partners · 1 sharedIVP (Institutional Venture Partners) · 1 sharedSands Capital · 1 sharedSpark Capital · 1 shared
Latest Pulse
- Aug 12, 2026Thrive Holdings Raises $2B to Buy and Rewire Firms With AIThrive Holdings, the Thrive Capital spinout that acquires services businesses and rebuilds them with AI, raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital and Altimeter, with OpenAI as an equity holder.→
- Aug 4, 2026Nvidia, Dell Back AI Cloud Startup Volta at $2.4BVolta Infra raised $300M at a $2.4B valuation from a16z, Altimeter, Nvidia and Michael Dell, plus a $10B, six-year cloud-capacity contract reportedly with Anthropic.→
- Jun 26, 2026Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand ExplodesAI inference provider Baseten closed a $1.5 billion Series F at a $13 billion valuation, the largest funding round of the week, led by Altimeter Capital and Conviction Partners with Spark, Sands and Wellington participating. The raise underscores how serving AI models -- not just training them -- has become one of the most valuable and capital-intensive layers of the stack.→
- Jun 18, 2026Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot TradeAI inference platform Baseten is reportedly raising roughly $1.5 billion at a valuation of up to $13 billion -- tripling its mark in about five months -- co-led by Spark Capital, Sands Capital, Altimeter and Wellington. The round captures investors racing into the layer that actually serves AI models in production, where Baseten's ARR has reportedly jumped from $200M to $600M.→