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The Venture Codex

IBM Ventures

1 New Orchard Rd, Armonk, NY, 10504, United States

Overview

Venture capital fund investing in early-stage enterprise software startups.

Founded

2020

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

Israel
United States

Sector focus

Venture Capital

Investment portfolio

30rounds
NAMEDATESIZE
Orion Security
Feb 2026Participated
$32 MSeries A
Atolio
Sep 2025Participated
$24 MSeries A
NetBox Labs
Jul 2025Participated
$35 MSeries B
Qedma
Jul 2025Participated
$26 MSeries A
Ox Security
May 2025Participated
$60 MSeries B
AuthMind
Apr 2025Participated
$19 MSeed
Ceramic.ai
Mar 2025Participated
$12 MSeed
Writer
Nov 2024Participated
$200 MSeries C
Reality Defender
Oct 2024Participated
$33 MSeries A
Mistral AI
Jun 2024Participated
$646 MSeries B
Cohesity
Apr 2024Participated
$150 MSeries F
Unstructured Technologies
Mar 2024Participated
$40 MSeries B
Orion Security
Feb 2026Participated
$32 MSeries A
Atolio
Sep 2025Participated
$24 MSeries A
NetBox Labs
Jul 2025Participated
$35 MSeries B
Qedma
Jul 2025Participated
$26 MSeries A
Ox Security
May 2025Participated
$60 MSeries B
AuthMind
Apr 2025Participated
$19 MSeed
Ceramic.ai
Mar 2025Participated
$12 MSeed
Writer
Nov 2024Participated
$200 MSeries C
Reality Defender
Oct 2024Participated
$33 MSeries A
Mistral AI
Jun 2024Participated
$646 MSeries B
Cohesity
Apr 2024Participated
$150 MSeries F
Unstructured Technologies
Mar 2024Participated
$40 MSeries B
30
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Deal Distribution

IBM Ventures: 30 funding rounds are recorded in the selected participation categories.All available history.
IBM Ventures: 30 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Series A27
Series B05
Series C+07
Other Equity13
Debt01

Monthly Deal Activity

IBM Ventures: 30 deals are recorded across 175 months.All available history.
IBM Ventures: 30 deals are recorded across 175 months. All available history
MonthDeals
Apr '121
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '233
Oct '230
Nov '230
Dec '230
Jan '240
Feb '242
Mar '241
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '241
Nov '241
Dec '240
Jan '250
Feb '250
Mar '251
Apr '251
May '251
Jun '250
Jul '252
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

IBM Ventures: Enterprise Software is the largest displayed sector by deal count (17 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

IBM Ventures: Enterprise Software is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Enterprise Software17
AI & Machine Learning15
Cybersecurity & Privacy9
Data, Analytics & IT8
Networks, Cloud & Communication6
Space & Frontier Tech4
Developer Tools4
Hardware & Robotics3
Professional Services3
Travel & Hospitality1
Education & Workforce1
Transportation & Logistics1
Crypto & Blockchain1
Marketing & Advertising1
Media & Entertainment1
Health & Life Sciences1

Deal Size Distribution

IBM Ventures: 30 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

IBM Ventures: 30 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M2
$10M-$25M10
$25M-$50M9
$50M-$100M2
$100M-$250M5
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

IBM Ventures: United States has the largest recorded deal count among the displayed regions (24 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

IBM Ventures: United States has the largest recorded deal count among the displayed regions (24 deals). All available history
RegionDeals
United States24
Israel3
Europe2
787011
IBM Ventures: 20 co-investors are shown, with Salesforce Ventures sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

IBM Ventures: 20 co-investors are shown, with Salesforce Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
Salesforce Ventures5
NVIDIA4
Bain Capital Ventures3
Booz Allen Hamilton3
Insight Partners3
Accenture Ventures2
Ballistic Ventures2
Blue Cloud Ventures2
Dell Technologies Capital2
Flybridge Capital Partners2
GGV Capital2
Headline2
Intel2
Jeffries Family Office2
Lightspeed Venture Partners2
Mango Capital2
Sanabil Investments2
Shasta Ventures2
Team82
20/20 HealthCare Partners1

Investment Strategy

IBM Ventures: Led accounts for 10% and participating for 90% of round participation.All available history.
IBM Ventures: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led310%
Participating2790%
IBM Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
IBM Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Adarsh Sekhar

Partner

Ben Daniels

Partner

Emily Fontaine
MW Whiteaker

Partner

Tom Whiteaker

Co-Founder & Partner