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The Venture Codex

Walden Venture Capital

750 Battery Street, Suite 700, San Francisco, CA, 94111, United States

Overview

Based in San Francisco, Walden Venture Capital targets Sprout Stage:tm: investments. We seek products or services with mass-market potential and powerful underlying technologies taking active supporting roles typically as first institutional investors. Our target sectors are digital media and cloud services for consumers and enterprise. We care deeply about Founders and Management and work diligently to help manifest their vision. Our portfolio includes leaders in music, mobile, internet media and breakthrough cloud services.

Total investments
22
Lead investments
8
Investments · 12mo
0
Active investors
8

Sector focus

  • Venture Capital
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Investment portfolio

  • Galileo

    Participated · Series B · Oct 2024

    Galileo offers an end-to-end Evaluation Intelligence platform that embeds research-backed metrics across the GenAI stack to evaluate, monitor, and protect AI systems in development and production. The platform is powered by Evaluation Foundation Models (EFMs) and is used by teams from startups to Fortune 50 companies. Galileo has seen rapid enterprise adoption, quadrupling its number of enterprise customers and adding six Fortune 50 customers, including Comcast and Twilio. The company reported 834% revenue growth since the beginning of 2024. Galileo plans to scale its go-to-market efforts, expand product development, and double down on AI evaluation research to support broader enterprise deployment of generative AI. Galileo provides an MLOps platform built to systematize AI development pipelines using auto-loggers and algorithms that spotlight system-breaking issues. The product supports unstructured data modalities such as text, speech and vision and is deployable on-premises, scaling across the ML workflow from predevelopment to postproduction. Galileo surfaces mislabeled data, data drift and imbalance, and highlights high-value data to label next. The company recently launched a free Galileo Community Edition aimed at NLP users to inspect and fix data during training or inference. CEO Vikram Chatterji said the new funding will be used to grow engineering and go-to-market teams and expand the core platform to support additional data modalities. Galileo says it already has paying customers ranging from high-growth startups to Fortune 500 companies; headcount has grown from 14 in May to more than 20, and the company declined to share revenue figures. Galileo builds tooling to systematize machine-learning data workflows, using auto-loggers and statistical algorithms to pinpoint underrepresented or erroneous cohorts and other system-breaking issues. The product targets the full AI workflow — from pre-development to post-production — and supports unstructured modalities including text, speech, and vision. It is available in private beta and designed to be deployable in on-premises environments. The company emerged from stealth with a $5.1M seed and reports having dozens of paying customers ranging from Fortune 500s to startups. Galileo plans to leverage revenue and funding to expand its team, aiming to triple its current 14-person headcount by the end of the year. Founders have backgrounds at Google, Apple, and Uber, and the company positions itself within the growing MLOps market.

  • PathSpot

    Participated · Series A · May 2020

    PathSpot builds a wall-mounted hand-scanner that uses visible-light fluorescent spectral imaging and algorithms to detect contaminants on hands in under two seconds. Its core product prints a green or red light to indicate cleanliness and pairs with a live dashboard that surfaces hot spots and staff training insights. Customers include restaurants, packing facilities, cafeterias and farms; the company says usage has risen 500% across its hundreds of customers since COVID-19. PathSpot reports a 75% reduction in contamination after one month of use and a 90% reduction after six months. The company sells the device plus dashboard and consultancy on a subscription basis, with pricing averaging from $175 per month. Financially, PathSpot announced a $6.5M Series A and has $10.5M in known venture capital to date.

  • goTenna

    Participated · Series C · Jun 2019

    goTenna is a Brooklyn, N.Y.-based mobile mesh networking platform led by founder and CEO Daniela Perdomo. Its core product, goTenna Pro, is a mesh tactical communications system used by wildland firefighters, emergency responders, military forces, law enforcement tactical units, and other government organizations to access resilient data communications and real-time position-location information when centralized cellular networks, Wi‑Fi, and satellite systems fail. The company also develops mass-market mesh networking systems for consumer use. Customers include all branches of the U.S. military, most agencies within the U.S. Department of Homeland Security, and local and state organizations. goTenna raised $24M in Series C equity and debt financing and intends to use the funds for continued growth, expansion of operations, and research and development of future applications of modular mobile mesh architecture for decentralized connectivity. Silicon Valley Bank provided debt financing for the round. goTenna makes hardware and software that convert smartphones into local, off‑grid communications devices. Its product suite includes goTenna for consumers, goTenna Mesh for broader domestic and international users, and goTenna Pro for public safety and enterprise customers. The company also launched a services product, goTenna Plus, which provides offline mapping, read receipts and location tracking. goTenna has been R&D‑focused but reports selling millions of dollars’ worth of product organically and is working to diversify revenue through services. The startup has more than 23 employees and plans to ship goTenna Mesh in late spring and goTenna Pro in the fall/winter. With $16.8 million in total financing to date, the company says it is on a path to being self‑sustaining. GoTenna produces a 1.8-ounce Bluetooth‑paired device that generates long‑range radio waves to let users send text messages and share location via pre‑downloaded maps without cellular service. The company sells the device for $199 per pair and says it has sold "tens and tens of thousands" of units since shipping initial products last fall. GoTenna has an exclusive three‑month retail launch with REI and is positioned for outdoor use as well as travel and emergency scenarios. The team is about 13 people, and the company intends to use new funding to expand marketing headcount and grow the broader team. Product plans focus on improving existing hardware through software and firmware updates and developing a stack of technologies — firmware, networking protocols and hardware addresses — to enable resilient, bottom‑up communication infrastructure. The company recently closed a Series A to support those hires and product investments.

  • CNEX Labs

    Participated · Series D · Oct 2018

    CNEX Labs designs ground-up SSD controller architectures and turnkey SSD designs (NVMe and Open-Channel) for hyperscale, cloud and enterprise data centers. Its controller technology includes a highly programmable NAND interface, flexible Flash Translation Layer control (drive- or host-based) and proprietary hardware acceleration for functions typically run in firmware. These capabilities let customers use the same controller across multiple NAND types and optimize drives for higher throughput, lower power, improved QoS and better cost control. CNEX positions its technology to enable customers to procure customized SSDs and reduce exposure to cyclical SSD supply constraints. The company is privately held, was founded in 2013, and partners with solid-state manufacturers and data center customers on design wins and product development. CNEX has been funded by venture capital and strategic investments from Fortune 500 storage and networking companies. CNEX Labs designs PCIe SSD controller ASICs and accompanying software aimed at cloud, hyperscale and enterprise data center storage. Its products are a patented, ground-up redesign of traditional SSD controller architecture built to deliver high performance, low and predictable latency, endurance, and power efficiency. CNEX has teamed with tier-one data center customers and solid-state storage manufacturers, including NAND flash suppliers, to validate its technology. The company says its controller products offer flexibility for software-defined storage and are targeted at next-generation hyperscale computing requirements. CNEX is privately held, was founded in 2013, and has received venture capital and strategic investments from Fortune 500 companies in storage and networking. It plans to use the recent funding to support mass production and system integration for lead customers.

  • Kandou AI

    Participated · Series B · Jul 2018

    Kandou AI designs and delivers high-performance connectivity products and interconnect IP for datacenter infrastructure, AI and consumer electronics customers. The company reports over 20 million silicon units shipped using its technology. Recent engineering milestones include tapeout of its next-generation SerDes technology and growing momentum in its retimer product lines. Kandou AI has expanded its global engineering footprint with a new design center in Hyderabad, India, and has added industry veterans to its executive team. With the $225M Series A, the company plans manufacturing ramp-up for its AI connectivity chips and to accelerate its chip and IP portfolio. The company is led by Co-Founder and CEO Srujan Linga and is headquartered in Saint-Sulpice, Switzerland.

Team