Section 32, a Palo Alto, CA-based venture capital firm, closed its Fund 5, at $525M.
The fund will invest in companies that are pushing the boundaries in software and artificial intelligence (“AI”) to enable new capabilities and step-changes in performance across markets including enterprise software, cybersecurity, data infrastructure, gaming, fintech, precision medicine and computational biology.
Founded by Bill Maris and led by CEO Andy Harrison, S32 leans on its Google lineage to invest in companies commercializing revolutionary technologies that improve the human condition. It is working to accelerate the discovery, development, and distribution of technologies that improve the human condition. They invest in such areas as artificial intelligence, enterprise software, cybersecurity, fintech, quantum computing, computational biology and biotechnology.
Many of S32’s portfolio companies were sourced from, or traced back to, Alphabet, including: Cohere, Inceptive, Exai Bio, BigHat Biosciences, and Phaidra.
S32 also announced that Wesley Tillu was promoted from Senior Principal to Partner. Tillu joined S32 in 2021 from In-Q-Tel, the venture capital arm of the CIA and U.S. intelligence community. At In-Q-Tel, Wesley led and executed several investments across cybersecurity, AI/ML, enterprise software, fintech and other frontier technologies. He also holds prior experience at Google, GIC, and Merrill Lynch, as well as degrees in business and engineering from the University of Pennsylvania, Wharton School of Business, and Cornell University. Since joining S32, Tillu has helped source notable investments. He currently serves on the Board of Directors of Inworld and is a board observer at Phaidra. Additionally, he has extended S32’s research capabilities and bolstered S32’s partnerships with the entrepreneurial community and other top-tier venture capital firms.
FinSMEs
06/10/2023