
Costanoa Ventures
160 Forest Ave, Palo Alto, CA, 94301, United States
Overview
Costanoa Ventures leads Formation, Seed, and Series A stage investments in companies that change the way the world does business.
- Total investments
- 179
- Lead investments
- 82
- Investments · 12mo
- 17
- Active investors
- 9
Sector focus
- Finance
- Financial Services
- FinTech
- Service Industry
Investment portfolio
- Muon Space
Participated · Series C · Aug 2026
Founded in 2021 and headquartered in Mountain View, Muon Space builds end-to-end satellite constellations by integrating spacecraft, payloads, software, operations, and data into a single Mission Foundry platform. In the first half of 2026 the company launched seven satellites, bringing its total to 11 satellites deployed across six launches with a 100% mission success record. Muon recently opened an advanced manufacturing facility in San Jose designed to produce up to 500 satellites annually by 2027 and currently has over 50 satellites in development, including 13 already manifested for launch over the next year. The company serves commercial, government, and international sovereign customers and is bringing multiple customer constellations into operation in 2026, including Vindlér® 2.0 for SNC and FireSat developed with Earth Fire Alliance and Google.org. Muon is also investing in on-orbit AI compute, advanced payloads, and real-time ultra-high-bandwidth connectivity partnerships to expand its mission capabilities.
- Smack Technologies
Led · Series B · Aug 2026
Smack Technologies develops military AI systems, including Omega, a decision-support platform that uses reinforcement learning and real-time computer vision to accelerate targeting and repair disrupted battle plans. The company is also building Alpha, a forearm-mounted AI display intended to replace improvised field whiteboards, and is targeting 10–20 prototype units in the next six months. Smack has secured prototyping contracts from the Joint Fires Network and the Marine Corps Warfighting Lab, jointly worth more than seven figures. It operates an Austin, Texas office focused on hardware development and has scaled headcount from 19 in April to 51, aiming for about 85 by year-end. Recent funding (a $61M Series B) is being used to expand Omega production, advance Alpha development and grow the team.
- Empirical Security
Participated · Series A · Jul 2026
Empirical Security develops predictive exploit intelligence using custom-built AI and machine learning models to support exposure management. Its flagship products are Foundation, a global model that monitors over 18,000 exploited CVEs to help predict threats, and Radiant, a custom predictive engine fine-tuned for each customer’s environment. The company rapidly fine-tunes deployments using curated, AI-mined, and customer-provided data. Empirical plans to use the Series A proceeds to accelerate development and deployment of Foundation and Radiant. The company has raised a total of $37M to date. It is led by CEO Ed Bellis, CTO Michael Roytman and Jay Jacobs and is based in Chicago, IL.
- Self Inspection
Participated · Equity · Jul 2026
Self Inspection offers an AI-powered inspection platform that guides users to capture smartphone photos of a vehicle, compares images against a large dataset of damaged vehicles, and generates detailed PDF inspection reports with labor, parts, and cost estimates. The platform can also ingest OBD2 data for deeper diagnostics. Since its 2021 founding, the company says it has completed over 1 million inspections for customers including rental fleets, automotive finance companies, auctions, marketplaces, and Stellantis’ financial services arm. Self Inspection reports that its platform has reduced customer costs by over $80 million and saved more than 300,000 operational hours. The company plans to use recent funding to build more products, expand its enterprise customer base, and enter the European market.
- Itera
Led · Seed · May 2026
Itera develops real-time hardware prototyping capabilities using fluid circuit technology that employs liquid metal substrates enabling rapid modification and full circuit visibility. It operates under an Electronics-as-a-Service model where customers send designs that are assembled with the customer’s actual components at U.S.-based testing centers. The company says modifications to its fluid substrates can be made in under 60 seconds. Itera’s initial production capacity has been reserved by global automotive OEMs and defense neoprimes. The company is led by CEO AJ Cooper and recently closed a $12M Seed round.