At a glance
Conviction appears in 5 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most frequent sectors in these rounds are AI & Infrastructure and Enterprise Software, and its most recent tracked deal was Watney Robotics' $80M Series A round (Sep 17, 2026). It co-invests most often with Cyberstarts. ValueAddVC also tracks 1 fund managed by Conviction.
Strategy
Recent changes
- Sep 17, 2026Sep 17, 2026Invested in Watney Robotics (Series A, $80M) WOWTALE
- Aug 25, 2026Aug 25, 2026Invested in Keenable (Seed, $26M) TechCrunch
- Jul 30, 2026Jul 30, 2026Follow-on: Invested in Onyx Security (Series B, $113M) SecurityWeek
- Jun 22, 2026Jun 22, 2026Invested in Baseten (Series F, $1.5B) Baseten
- Mar 12, 2026Mar 12, 2026Invested in Onyx Security (Seed, $40M) SecurityWeek
Earlier changes (2)
- Jan 31, 2025Jan 31, 2025Sectors updated: AI TechCrunch
- Jan 1, 2022Jan 1, 2022New fund: Conviction Fund I ($100M) Value Add VC funds tracker
Funds
1| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Conviction Fund I | 2022 | $100M | Flagship | As of 2022Value Add VC funds tracker |
Portfolio
4 totalRecent Investment Activity
5Track record: led 1 and participated in 4 of 5 tracked venture rounds · 5 in the last 12 months · led 1 Series F
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Sep 17, 2026 | Watney Robotics | Series A | Participated | $80M | — | Valor Equity PartnersLeadunverifiedConvictionunverifiedAbstract VenturesunverifiedCapital A PartnersunverifiedHummingbird VenturesGrant Gordon | WOWTALE |
| Aug 25, 2026 | Keenable | Seed | Participated | $26M | — | AccelLeadConviction | Pulse story |
| Jul 30, 2026 | Onyx Security | Series B | Participated | $113M | ~$640M | SecurityWeek | |
| Jun 22, 2026 | Baseten | Series F | Led | $1.5B | $13B | Baseten | |
| Mar 12, 2026 | Onyx Security | Seed | Participated | $40M | — | SecurityWeek |
Sector / Stage Activity
Co-Investors
12Similar Firms
overlapping sector, stage or regionValue Add Research
Latest Pulse
- Sep 3, 2026Thinking 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.→
- Aug 25, 2026Accel-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.→
- Jul 27, 2026Enigma 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.→
- 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.→
Conviction FAQ
What companies has Conviction invested in?
Conviction's portfolio includes Watney Robotics, Keenable, Onyx Security, Baseten.
Who does Conviction co-invest with most?
In the rounds Value Add tracks, Conviction most often invests alongside 01 Advisors (1 shared deal), Abstract Ventures (1 shared deal), Accel (1 shared deal), Altimeter Capital (1 shared deal), Battery Ventures (1 shared deal).
Sources & methodologyshow
- TechCrunchmajor outlet1 fact
- Basetenresearch database1 fact
- SecurityWeekValue Add VC data1 fact
- SecurityWeekValue Add VC data1 fact
- Value Add VC funds trackerValue Add VC data1 fact
- WOWTALEValue Add VC data1 fact
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.