Sierra Ventures September 2019 Update

Sierra Ventures 2019 Update
Sierra Ventures
Happy End of Summer!
 
Some highlights from 2019 so far:
•   Sierra Ventures announced the closing of our 12th fund - for $215M. Thank you to all of our investors and partners. Read the blog post from Managing Directors Ben, Mark and Tim.
•   New investments and progress from our portfolio.
•   Sierra Ventures Investment team in the news talking about 5G + AI, Enterprise Security Trends, narrowing AI use cases, and more.
•   Some great additions to the CXO Advisory Board.
For the latest Sierra Ventures news follow us on Twitter or LinkedIn.
 

Best Regards,
Ben, Jim, Mark, and Tim
NEW INVESTMENTS
Interplay Learning, a company building online training catalogs for skilled trades using virtual reality and 3D simulations, raised a $5.5M Series A led by S3 Ventures with Sierra Ventures participating.
TextIQ, a leading provider of AI solutions for identifying sensitive information for disclosure in legal and regulatory proceedings, raised a $12.6M Series A led by FirstMark Capital with Sierra Ventures participating.
Companies in Stealth Mode
•   A company making it easy to run production-grade Airflow deployments.
•   A startup that provides a SaaS enterprise-grade solution for container management using open source Kubernetes.
•   A quantum computing startup solving hardware error and instability.
EXPANSION ROUNDS
Zimperium, a company shaping the future of mobile security, raised a $12M Series E led by Warburg Pincus with Sierra Ventures, Telstra Ventures, and Samsung Ventures participating.
Deep Lens a digital pathology startup particularly focused on cancer trials, raised a $13.7M Series A led by Northpond Ventures with Sierra Ventures, Rev1 Ventures, and Tamarind-Hill Partners participating.
Zaloni, a data lake company that provides enterprise data lake management solutions, raised a $7.6M Series A-1 led by Stonehenge Growth Equity with Sierra Ventures and Baird Venture Partners participating.
Drop, a personalized mobile rewards platform raised a $44 million Series B led by HOF Capital with Sierra Ventures, New Enterprise Associates (NEA), White Star Capital, and Royal Bank of Canada participating.
ENTREPRENEUR HIGHLIGHT
Gil Sever
 
Gil Sever is the co-founder and CEO of Applitools, a provider of AI powered end-to-end visual testing and monitoring for Developers, Test Automation, Manual QA, DevOps teams, and Digital Transformation teams.
 
Named by Gartner as a "Cool Vendor in Application Development," Applitools has more than 300 enterprise clients and tens of thousands of users of its Applitools Eyes platform. For the second year in a row, the company was named to CB Insights AI 100 list of the most innovative artificial intelligence startups
PORTFOLIO NEWS
Shape Security - CB Insights AI 100 Named Shape Security one of the most innovative Artificial Intelligence startups for the 2nd year in a row. read more
Regulus - Pyramid GNSS by Regulus was announced as a Winner of the Silver Award in Transportation Technology in the 2019 Edison Awards. read more
Movandi - Movandi released BeamXR, a product that accelerates and extends the range of real-world 5G deployments and has the ability to speed up large-scale 5G commercialization. read more
CXO Advisory Board
 
The 14th Annual CXO Summit date is set for Thursday, October 17th, 2019.
 
Confirmed speakers include JB Straubel - Senior Advisor and Co-Founder of Tesla, Eric Yuan - CEO of Zoom Communications, Dr. Jenny Schneider - President of Livongo, Michael Biercuk - Professor of Quantum Physics at University of Sydney, Raj Kupoor - Chief Strategy Officer at Lyft, and Jay Simons - President of Atlassian.
 
We've also welcomed new CXOs to the Advisory Board from Delta Airlines, GAP, Hewlett Packard Enterprise, Kaiser Permanente, McKesson, Medidata, National Grid, RingCentral, Sempra Energy, Silicon Valley Bank, WeWork, and Zoom Communications.
 
Learn more about the Sierra Ventures CXO Advisory Board.
SIERRA INSIGHTS
Ben Yu talks convergence of 5G and AI and what this means for the future of VentureBeat. read more
Mark Fernandes gives Forbes a look inside Sierra Ventures after the announcement of the firm's 12th fund. read more
Mark Fernandes shares the ABCDs of Security with Enterprise Security Magazine. read more
Tim Guleri shares his thoughts with Xconomy on Narrowing AI: A Useful Context for AI Innovation, Opportunity, and Investment. read more
Sierra Ventures is a Bay Area based early-stage venture firm investing globally with a focus on Next Generation Enterprise and Emerging Technologies. With over three decades of experience and over $2 billion of assets under management, Sierra has created a vast network of successful entrepreneurs, Global 1000 CXOs, operational executives, and deep domain experts, providing a platform for entrepreneurs around the world.
Scroll to Top