Conviction

Venture capital firm
San Francisco, California, USAFounded 2022www.conviction.comSee connections →

AI-focused venture capital firm investing in early and growth-stage AI companies, founded by Sarah Guo in 2022.

At a glance

Conviction appears in 10 funding rounds tracked by ValueAddVC since 2025, leading 1. Its most frequent sectors in these rounds are Enterprise Software and AI & Infrastructure, and its most recent tracked deal was Scuba's $34M round (Oct 13, 2026). It co-invests most often with IVP (Institutional Venture Partners), Accel and BoxGroup. ValueAddVC also tracks 1 fund managed by Conviction.

Strategy

Stages
SeedSeries A
Sectors
AI
Geographies
USASan Francisco, California, USA
Check size
$1M-$10M

Recent changes

  1. Oct 13, 2026Invested in Scuba ($34M) SiliconANGLE
  2. Sep 17, 2026Invested in Watney Robotics (Series A, $80M) WOWTALE
  3. Sep 9, 2026Invested in Harvey ($550M) TechCrunch
  4. Aug 25, 2026Invested in Keenable (Seed, $26M) TechCrunch
  5. Aug 3, 2026Invested in Valar Atomics ($1B) TechCrunch
Earlier changes (6)
  1. Jul 30, 2026Follow-on: Invested in Onyx Security (Series B, $113M) SecurityWeek
  2. Jun 22, 2026Follow-on: Invested in Baseten (Series F, $1.5B) Baseten
  3. Mar 12, 2026Invested in Onyx Security (Seed, $40M) SecurityWeek
  4. Feb 19, 2025Invested in Baseten (Series C, $75M) Tech Startups
  5. Jan 31, 2025Sectors updated: AI TechCrunch
  6. Jan 1, 2022New fund: Conviction Fund I ($100M) Value Add VC funds tracker

Funds

1
FundVintageSizeStrategySource
Conviction Fund I2022$100MFlagship
As of 2022Value Add VC funds tracker

Portfolio

14 total

Recent Investment Activity

10

Track record: led 1 and participated in 9 of 10 tracked venture rounds · 8 in the last 12 months · led 1 Series F

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 13, 2026Scubafunding roundParticipated$34M—
AccelLeadunverifiedIVP (Institutional Venture Partners)LeadunverifiedBoxGroupunverifiedConvictionunverifiedHomebrewunverifiedScribble Venturesunverified
Pulse story
Sep 17, 2026Watney RoboticsSeries AParticipated$80M—
Valor Equity PartnersLeadunverifiedConvictionunverifiedAbstract VenturesunverifiedCapital A PartnersunverifiedHummingbird VenturesGrant Gordon
WOWTALE
Sep 9, 2026Harveyfunding roundParticipated$550M$15.5BTechCrunch
Aug 25, 2026KeenableSeedParticipated$26M—Pulse story
Aug 3, 2026Valar Atomicsfunding roundParticipated$1B$6B
Sequoia CapitalLeadAtreides ManagementunverifiedConvictionunverifiedHOF CapitalunverifiedPoint72unverifiedRiot VenturesunverifiedSnowpoint VenturesunverifiedValor Equity PartnersunverifiedApandion CapitalDream Ventures
Pulse story
Jul 30, 2026Onyx SecuritySeries BParticipated$113M~$640MSecurityWeek
Jun 22, 2026BasetenSeries FLed$1.5B$13BBaseten
Mar 12, 2026Onyx SecuritySeedParticipated$40M—SecurityWeek
Feb 19, 2025BasetenSeries CParticipated$75M—Tech Startups
Scubafunding roundParticipated$34M—
AccelLeadunverifiedIVP (Institutional Venture Partners)LeadunverifiedBoxGroupunverifiedConvictionunverifiedHomebrewunverifiedScribble Venturesunverified
SiliconANGLE

Sector / Stage Activity

By sector (portfolio)
AI infra
4 · 29%
Robotics
2 · 14%
Enterprise SaaS
2 · 14%
Developer tools
1 · 7%
Fintech
1 · 7%
Legal tech
1 · 7%
Healthcare
1 · 7%
Energy
1 · 7%
By stage (tracked rounds)
Seed
2 · 20%
Series A
1 · 10%
Series B
1 · 10%
Series F
1 · 10%
Series C
1 · 10%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Thinking Machines Nears $1B Round at $40BAccel is reportedly in talks to lead a $1 billion round for Mira Murati's Thinking Machines at a $40 billion valuation -- more than 3x its $12 billion seed mark, but below the $50 billion figure it was targeting late last year.→
  2. Accel-Backed Keenable Raises $26M to Index Web for AIKeenable, founded by former Yandex and Amazon Alexa search engineers, raised a $26 million seed round led by Accel to build a web search index purpose-built for AI agents rather than human browsers.→
  3. Enigma Emerges From Stealth With $71M Robot SeedEnigma emerged from stealth with a $71 million seed round to build AI foundation models and simple control interfaces that work across any robot hardware.→
  4. Baseten 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.→

Conviction FAQ

What companies has Conviction invested in?

Conviction's portfolio includes Scuba, Instinct, OpenEvidence, Baseten, Corridor, Watney Robotics, and 8 more tracked companies.

Who does Conviction co-invest with most?

In the rounds Value Add tracks, Conviction most often invests alongside Andreessen Horowitz (4 shared deals), Sequoia Capital (4 shared deals), Accel (3 shared deals), BoxGroup (3 shared deals), Coatue Management (3 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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