Led · Equity · Feb 2023

ProsperOps builds software that automatically optimizes cloud resources and manages reserved instances and savings plans to deliver cost savings for customers. The platform focuses on committed‑use discounts and uses automation and algorithmic management (the company says it does not rely on machine learning) to monitor usage in real time and dynamically optimize on customers' behalf. ProsperOps currently serves AWS customers exclusively and reports having "several hundred" customers. The company has been profitable and debt‑free since Q4 2020 and employs about 30 people. Prior to the latest raise it had only raised roughly $800,000; the new investment is intended to expand the scope of its automation work and grow engineering and sales teams. The founding team, including CEO Chris Cochran, previously helped start the AWS managed services business at Rackspace, and the company plans to expand to other clouds.

Participated · Series D · Sep 2022

Sitetracker provides cloud-based deployment operations management software that helps critical infrastructure providers manage sites and assets. Its platform serves customers across telecom, energy, construction and engineering, real estate, and media, managing sites and assets representing over $150 billion in portfolio holdings. The company is operating in 30 countries with ongoing customer deployments scheduled to expand the platform to over 100 countries by the end of 2024. Customers include ChargePoint, NextEra Energy, Southern Company, Duke Energy, AT&T, Segra, Zayo and British Telecom. In 2022 Sitetracker launched a Tower Solution, forged a partnership with a private 5G networks leader, added new languages and mobile capabilities, and hired more than 75 people across eight new countries. Headcount is close to 400 and the company intends to use recent funding to scale global capabilities supporting renewable energy, 5G, fiber and telecom digital infrastructure worldwide. Sitetracker provides a platform that enables companies to plan, deploy, maintain, and grow distributed capital asset portfolios with native AI, automation, and actionable analytics. Its product suite includes Trackers, Sitetracker Mobile, Intelligent Project Templates, machine learning features, and Sitetracker for the field. The company serves market leaders in telecommunications, alternative energy, and utilities, including customers such as Ericsson, Fortis, Google, British Telecom, and Vodafone. Sitetracker says customers use the platform to manage millions of sites and projects representing over $25 billion of portfolio holdings globally, and adoption rates exceeded 90%. In 2020 Sitetracker grew its global user base by 17,000 users and made more than 100 hires across departments to support growth. The company maintains a global presence with offices and employees across the USA, Europe, Latin America, and APAC and emphasizes localized customer support. Sitetracker is a Palo Alto, Calif.-based project, asset and work management platform for critical infrastructure companies. The platform enables growth-focused innovators to optimize the entire asset lifecycle, allowing stakeholders to plan, deploy, maintain, and grow capital asset portfolios from the field to the C-suite. Market leaders in telecommunications, utilities, smart cities, and energy — including Verizon, Nokia, Fortis, Alphabet, and British Telecom — use Sitetracker to manage millions of sites and projects. The company reports managing projects representing over $19 billion of portfolio holdings globally. Financially, Sitetracker extended its Series B with an approximately $10M investment from Energize Ventures, bringing the Series B to $34M and total investment to $45M. Leadership includes CEO Giuseppe Incitti and CTO & co-founder Tim May. Sitetracker offers a complete platform designed to manage modern, high-volume distributed capital projects and assets, with workflow, automation, and reporting tools that serve teams from the field to the C-suite. The company positions itself as the global standard for deploying critical infrastructure across industries including telecommunications, utilities, smart cities, and alternative energy. Its platform is used by market leaders such as Verizon, Nokia, Fortis, Alphabet, and Panasonic. Sitetracker manages millions of sites and projects representing over $12 billion of portfolio holdings globally. Management says the new capital will accelerate the product roadmap and support continued global expansion. SiteTraker offers a cloud-based program and asset management platform that supports end-to-end infrastructure and capital project execution. Its enterprise-focused product aims to increase user productivity, adoption, and data quality across planning, deployment, operations, and maintenance. Platform features include project templates optimized to capture key KPIs; reporting, dashboarding, and notifications; automated forecasting, scheduling, and activity assignment; and mapping and location intelligence for site-based projects. The company also highlights a differentiated support model to ensure customer success and flexible two-way integration capabilities. Led by CEO Giuseppe Incitti, SiteTraker today manages over 600,000 sites and projects representing over $10 billion of capex. The company plans to use the new funding to accelerate its product roadmap, deepen customer engagement, and continue market expansion.

Led · Series E · May 2022

Pyramid Analytics offers the Pyramid Decision Intelligence Platform, a no-code, unified analytics product that combines data preparation, business analytics, and data science with integrated AI/ML to simplify and automate decision-making. Its architecture emphasizes ease of use, governed self-service, and direct access to any data, aimed at enterprise and upper mid-market customers. Pyramid positions itself in Generative BI (GenBI) and decision intelligence workflows and says Fortune 2,000 customers use its platform daily to solve operational, complex, data-informed decisions. Customers named in the article include the FDA, Kellogg's, Hallmark, Deloitte, and Volkswagen. The company has been recognized as a Visionary in the 2024 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms and achieved top rankings in Gartner and BARC reports. Pyramid is incorporated in Amsterdam and maintains regional headquarters in London, New York City, and Tel Aviv. Leadership states the company will continue bringing next-generation analytics solutions to upper mid-market and enterprise organizations. In November 2024 Pyramid secured $50M in new financing from BlackRock. Pyramid Analytics offers a decision intelligence platform combining data preparation, business analytics and data science with AI-driven augmented analytics and a self-service, no-code interface. The company leverages machine learning to automate data prep and insight generation and uses a query engine (Pyrana) to run analytics without moving customers' data. Pyramid emphasizes governed self-service and aims to bring analytics to disparate data sources for automated insights. The firm serves 2,450 customers (direct and indirect) and reported revenue growth of 100% year over year. Management plans to use the new funding to expand global presence, hire additional employees and enhance its software products. Pyramid currently has 245 employees across London, New York and Tel Aviv and expects to be near 350 by year-end. Pyramid Analytics offers an enterprise-grade, cross-department business intelligence and analytics platform with self-service BI, end-user ETL, augmented data discovery, visualization, presentations, and report bursting. The platform can be deployed on-premises, in the cloud, or across hybrid environments while preserving data governance and security. Since releasing a redesigned application in late 2017, Pyramid says it has acquired hundreds of new customers and expanded its list of strategic partners and resellers. The company emphasizes a product-first approach that combines ease of use with enterprise readiness and positions the platform as mission-critical in times of crisis. Pyramid has earned recognition in BARC’s The BI Survey 19, Dresner Advisory Services’ Technology Innovation Awards, and has been included in Gartner’s Magic Quadrant for Analytics and BI Platforms for seven consecutive years. The company plans to use new funding to expand its global footprint, deepen strategic alliances, and assume a leadership position in the market. Pyramid Analytics offers an enterprise BI platform whose flagship suite, BI Office, enables rapid connectivity to new data sources and interactive visualizations through a familiar interface. The company is led by co-founder and CEO Omri Kohl and targets professionals in large public and private enterprises for analytics, monitoring and reporting. Customers include large government agencies such as the U.S. Department of Veterans Affairs and Fortune 500 companies including Siemens, EMC and HP. Pyramid completed a $30M equity funding round to support growth. The company says it will use the proceeds to expand its workforce, deepen strategic alliances with partners, advance its channel ecosystem efforts, and enhance market penetration in key segments. Headquarters are in Seattle, WA. Pyramid Analytics offers a web-based business intelligence suite that integrates reporting, analytics and dashboards into a single platform. Led by CEO Omri Kohl, the company serves medium and large organizations. It holds a Microsoft ISV BI Gold Competency. The company has operational centers in Israel, the EU and the USA. Pyramid closed a $11.5M funding round to support product development and scale the business. The round was intended to accelerate its platform roadmap and commercial expansion.

Participated · Series E · Jan 2022

Bolt provides a one-click checkout product that bundles payments and fraud protection and lets shoppers create a single account to use across a network of hundreds of Bolt merchant brands. The company also integrates embedded commerce technology following its acquisition of Tipser to enable direct checkout on any digital surface. Bolt is investing the new capital to hire talent, pursue strategic acquisitions and expand into Europe, while rolling out new consumer and social-commerce products to place its checkout across channels. Operational momentum cited in the article includes an 80% increase in gross merchandise value per merchant, 180% growth in accounts over 2020 and 200% year‑over‑year transaction growth; Bolt projects 100 million shoppers could join its network in the next 18 months. The company employs more than 550 people working remotely across over 200 cities and is focused on unbundling the Amazon buying experience (fast shipping, returns, tracking, membership benefits) for merchants. Bolt provides a federated One-Click checkout experience platform that connects registered shoppers to a cross-brand network of retailers, enabling fast, safe, and easy checkout on any device. The company addresses checkout complexity, fraud detection, and digital wallets, and claims conversion rates 50% higher than guest checkout. Bolt also states it can cover 100% of fraudulent chargebacks, underscoring confidence in its fraud-detection technology. Bolt partners with hundreds of retailers, has thousands more coming online, and has crossed 10 million registered shoppers. The company was named to the 2021 Forbes Fintech 50 list and is headquartered in San Francisco, California. Bolt has stated plans to bring one-third of all U.S. shoppers onto its platform by 2022 and has raised over $600 million in total funding to date. Bolt’s core product is a checkout platform it says is faster than industry averages and drives higher conversion; it also offers integrated payments, fraud protection and shopper accounts to power personalization and trust. The company is a hybrid payments-and-software business, generating revenue from payment processing and SaaS fees for services like fraud protection. Bolt reported processing around $1 billion in transactions this year (roughly 3.5x 2019 GMV) and said it has grown shopper accounts from about 450,000 in December to roughly 4.5 million now, targeting 30 million next year. Management projects roughly 3x GMV in 2021 (about $3 billion) and attributes part of its growth to an agreement with Authentic Brands Group. Bolt plans to use new capital to handle market demand, move upmarket and expand engineering and sales support for larger customers. The product and account growth are intended to feed more data into its anti-fraud and checkout personalization tools. Bolt is a San Francisco-based checkout experience platform that provides a frontend checkout and a full stack of features and integrations that checkout touches. It integrates with ecommerce tools, shopping carts, and payments processors including BigCommerce, Magento, WooCommerce, Salesforce Commerce Cloud, PayPal, Apple Pay, AfterPay, Stripe, and Braintree. Customers include BadgleyMischka.com, Cariloha, Dita, Hyperice, PuppySpot and POLYWOOD. The company is led by CEO and co-founder Ryan Breslow. Bolt raised $50m in a Series C and intends to use the funds to expand operations and its business reach. The financing brought the company’s total funding to nearly $140m. Bolt provides an integrated checkout platform that combines payment processing and fraud detection to streamline the buying experience for online retailers. Its dynamic checkout optimizations and conversion-focused fraud tools helped customers realize more than $25 million in new revenue. The platform has processed an annualized payment volume of over $1 billion and handled more than 1.5 million transactions. Bolt has grown from ten people working out of a loft in San Francisco to more than 125 employees across three offices. The company sells an all-in-one alternative to piecing together multiple solutions for checkout and payments. Bolt plans to use new funding to scale engineering, add enterprise functionality for large retailers, partner with additional eCommerce tools, build advanced shopping-experience features, and expand global capabilities.

Participated · Series D · Nov 2021

Everlaw provides a cloud-native platform for investigations, eDiscovery, and litigation case preparation, built for collaborative work across legal teams. Its product portfolio includes Storybuilder (a no-cost case preparation tool), Slack and Microsoft Office 365 connectors for rapid data ingestion, and a legal-holds tool. The company touts strong adoption: used by 91 of the Am Law 200, all 50 U.S. state attorneys general, Fortune 100 corporate counsels, and dozens of household brands; total cases on the platform have more than doubled since its Series C in March 2020, while case volumes at Am Law 100 firms grew over 4x. Everlaw achieved FedRAMP Moderate certification on AWS GovCloud with sponsorship from the U.S. Department of Justice, enabling broader U.S. government adoption. The company emphasizes data security and continued product innovation, and plans to expand go-to-market, channel partnerships, and global growth. Everlaw is based in Oakland, California. Everlaw provides eDiscovery software that brings modern data management, visualization and machine learning to the process of reviewing large amounts of evidence. The platform includes search, data-visualization tools (including a timeline) and both supervised and unsupervised machine-learning algorithms to help narrow searches and support iterative, human-led investigations. It also offers collaboration features that let legal teams create work product and coordinate around evidence, replacing manual spreadsheet- and email-based workflows. Founded in 2010 with the product taking shape in 2015, the company has over 200 employees, serves 300 customers and is processing roughly 3,000 cases. Its customers include every state’s attorney general and major law firms, and Everlaw provides the product free to non-profits, educators and investigative journalists. The company says it will use the new funding to accelerate growth and innovate faster. Everlaw provides a cloud-based platform that helps attorneys and review teams save time in discovery, collaboration, and litigation preparation. The platform includes drag-and-drop uploading, flexible productions, blink-speed document search, automatic predictions based on machine learning, AI-powered analytics, and real-time collaboration. The company was founded in 2010 by AJ Shankar (CEO) and is based in Berkeley, California. Everlaw says it will use the new funding to accelerate development of its collaborative litigation software. Last year the company more than doubled revenue and added customers including Zenefits, Benesch, Hanson Bridgett, Macfarlanes, and McDonald Carano. Its platform is used by all 50 U.S. state attorneys general, in-house counsels at major organizations, and eight of the top ten class-action law firms. Everlaw builds an AI-enhanced litigation and e-discovery platform that indexes and analyzes documents, transcripts, scans, and other evidence to help attorneys find key materials. The company charges clients based on the volume of data its software processes. Everlaw says it serves nine of the top ten class-action law firms and more than 65% of state Attorneys General, and it employs a 22-person team. Its highest-profile engagement to date involved support for plaintiffs’ attorneys in litigation related to General Motors’ 2014 ignition-switch recall. The company was bootstrapped initially with $1.5 million from friends and family as the team perfected its technology. Everlaw plans to expand beyond search and review into collaboration tools and a unified litigation platform that incorporates artificial intelligence and data visualization.