Sapphire Ventures Commits $1B+ to Invest in the Next Generation of AI-Powered Enterprise Technology Startups
Summary
“AI represents a profound technology shift, and our $1 billion commitment reflects our conviction in the opportunity,” said Nino Marakovic, CEO, Partner and co-Founder of Sapphire. We’re eager to back the next wave of enterprise innovators driving this evolution.” AI is the next big technological revolution, expected to improve work and daily lives, and result in real economic benefits. Since its founding, Sapphire has been helping AI-powered enterprise startups like Clari, DataRobot, Moveworks and ThoughtSpot scale by providing capital, resources and expertise in the areas of executive talent placements, customer and partner introductions, and engineering and go-to-market excellence. Most recently, we’ve experienced a huge paradigm shift driven by GenAI and LLMs, which is transforming how we work and live,” said Jai Das, President, Partner and co-Founder of Sapphire Ventures. We look forward to partnering with companies that are not only improving existing workflows and software, but are building AI-native solutions that reinvent applications and user experiences.” In addition to the firm’s direct investment strategy, Sapphire’s LP arm, Sapphire Partners, invests in early-stage software-focused venture firms and emerging managers that are actively deploying capital in generative AI companies.