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The Venture Codex

Altimeter Capital

2550 Sand Hill Road, Suite 150, Menlo Park, CA, 94025, United States

Overview

Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Altimeter manages a long/short public equity fund and growth-stage private capital funds.

Total investments
92
Lead investments
47
Investments · 12mo
13
Active investors
10

Sector focus

  • Business Development
  • Finance
  • Financial Services
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Investment portfolio

  • Thrive Holdings

    Led · Equity · Aug 2026

    Thrive Holdings acquires fragmented professional services businesses and integrates proprietary AI tools with existing personnel to boost efficiency and scale. Its Current accounting platform covers more than 50 firms and over 2,000 accounting professionals; Thrive says its TaxAI agents have processed more than 7,000 tax returns with 98% accuracy and cut preparation time by over 30%. The Shield platform encompasses around 20 IT service companies and, according to the company, has reduced help-desk resolution times by 36x. Thrive is developing a third platform focused on physical infrastructure—targeting permits, inspections, technical documentation and compliance for sectors like data centers, manufacturing, healthcare, power and water. The company was spun out of Thrive Capital in 2025 and has expanded to operate more than 70 businesses across its platforms. Thrive also has a relationship with OpenAI, which took an ownership stake in December 2025 and placed employees to work with portfolio companies.

  • Attestable

    Led · Seed · Aug 2026

    Attestable develops zero-knowledge proof technology intended to verify which calculations an AI system performs and what data it uses while keeping models and sensitive information confidential. The founders—CEO Yogev Bar-On, CTO Shahar Papini and VP of R&D Shahar Samocha—are mathematicians with backgrounds including Unit 8200, StarkWare and Safe Superintelligence. The company says it has achieved a mathematical breakthrough enabling rapidly verifiable proofs applicable to AI labs and critical organizational uses. Attestable’s stated longer-term ambition is to become part of the infrastructure and regulatory fabric for advanced AI systems used by labs, governments and large organizations. It currently employs about 15 people, primarily in Israel with a small team in California, and reports relatively low infrastructure costs due to its mathematically driven work. The company raised $20 million in November 2025 to grow the team and advance its technology.

  • Baseten

    Led · Series F · Jun 2026

    Baseten provides software and multi-cloud compute infrastructure to help companies optimize, customize, and serve open-source AI models, handling inference workloads and latency optimization. The company positions itself as enabling enterprises to deploy open-source models efficiently, competing with closed-source alternatives by reducing costs; at least one customer reported up to a 30% cost reduction. Key customers include Cursor, Mercor, and OpenEvidence. Baseten’s annualized revenue run rate has surged from roughly $200 million to about $600 million. The company has rapidly increased its valuation in 2025–2026 through multiple financing rounds, most recently reaching as high as $13 billion in the current transaction.

  • Anthropic

    Led · Series H · May 2026

    Anthropic is a premier artificial intelligence safety and research company renowned for developing Claude, a family of highly capable, steerable, and safe large language models. Founded by former OpenAI researchers, Anthropic pioneers techniques like "Constitutional AI" to build systems that are helpful, honest, and harmless. Beyond its core research, the company has rapidly scaled into a dominant market force, experiencing exponential revenue growth driven by widespread enterprise adoption. Anthropic has attracted unprecedented investor attention, recently raising approximately $30 billion at a $380 billion valuation, with ongoing negotiations potentially boosting its valuation to roughly $800 billion. As a leading competitor in the generative AI space, the company is reportedly exploring an IPO later this year.

  • Sigma Computing

    Participated · Series E · May 2026

    Sigma is built on the cloud data warehouse and provides a governed workspace that supports a spreadsheet interface, SQL, Python, and native AI to let teams explore live data, build applications, and automate workflows without moving data. The company emphasizes secure, warehouse-native architecture and has launched products including Sigma Agents (no-code agents), Sigma Assistant (an AI copilot), Sigma Data Modeling Skills for AI Agents, and the Sigma MCP Server for governed answers into AI chat assistants. Sigma reported strong financial momentum, surpassing $200 million in ARR in April 2026, achieving 100%+ year-over-year growth in the latest fiscal year, and adding over 1.1 million new active users in that period. It serves more than 2,000 customers worldwide, including large enterprises and AI innovators. The announcement originated from Sigma's San Francisco office and framed the company as driving adoption of agentic analytics and AI workflows while emphasizing governance, reliability, and security.

Team