True Ventures

True Ventures, established in 2005, is a prominent venture capital firm based in Palo Alto, California, with an additional office in San Francisco. The firm specializes in early-stage technology investments, focusing on seed and Series A financing. True Ventures invests in a broad range of sectors, including commerce, consumer, hardware, health, and infrastructure technologies, as well as emerging markets such as e-commerce, mobile, and software services. The firm typically invests between $0.25 million and $3 million per round, aiming for a stake of approximately 20%. With over $3.8 billion under management and a team of over 40 professionals, True Ventures has supported more than 350 companies, creating over 85,000 jobs worldwide. The firm was recognized as Venture Firm of the Year by the National Venture Capital Association in 2018.

Philip Black

Co-Founder

Caroline Ciaramitaro

Associate

Gus Coldebella

Partner

Adam D'Augelli

Partner

Sahiti Enjeti

Associate

Ulrike Kellmereit

CFO

Om Malik

Partner

Fiona McCarthy

Principal

John O'Connell

Associate

Toni Schneider

Partner

Natasha Sharma

Principal

Jim Stewart

COO

Christiaan Vorkink

Vice President

Ann Weiss

Partner

Ariel Winton-Jones

Principal

Past deals in Infrastructure

Gridware

Series A in 2025
Gridware specializes in advanced grid monitoring solutions aimed at enhancing the safety and reliability of electrical infrastructure. The company develops a sophisticated sensing system equipped with high-precision sensor arrays and artificial intelligence to continuously analyze the electrical and mechanical behavior of grid assets. This technology detects and predicts faults by monitoring the ambient environment around power poles, allowing utilities to identify potential issues before they escalate into serious problems. By facilitating timely repairs and enabling rapid responses to environmental anomalies, Gridware's solutions help mitigate risks such as wildfires and power outages. Headquartered in the Bay Area of California, Gridware is a privately held company supported by prominent climate-tech investors.

Gridware

Seed Round in 2023
Gridware specializes in advanced grid monitoring solutions aimed at enhancing the safety and reliability of electrical infrastructure. The company develops a sophisticated sensing system equipped with high-precision sensor arrays and artificial intelligence to continuously analyze the electrical and mechanical behavior of grid assets. This technology detects and predicts faults by monitoring the ambient environment around power poles, allowing utilities to identify potential issues before they escalate into serious problems. By facilitating timely repairs and enabling rapid responses to environmental anomalies, Gridware's solutions help mitigate risks such as wildfires and power outages. Headquartered in the Bay Area of California, Gridware is a privately held company supported by prominent climate-tech investors.

Gridware

Seed Round in 2021
Gridware specializes in advanced grid monitoring solutions aimed at enhancing the safety and reliability of electrical infrastructure. The company develops a sophisticated sensing system equipped with high-precision sensor arrays and artificial intelligence to continuously analyze the electrical and mechanical behavior of grid assets. This technology detects and predicts faults by monitoring the ambient environment around power poles, allowing utilities to identify potential issues before they escalate into serious problems. By facilitating timely repairs and enabling rapid responses to environmental anomalies, Gridware's solutions help mitigate risks such as wildfires and power outages. Headquartered in the Bay Area of California, Gridware is a privately held company supported by prominent climate-tech investors.

HashiCorp

Series E in 2020
HashiCorp, Inc. is an open-source software company based in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company specializes in developing multi-cloud infrastructure automation software that addresses the challenges of cloud adoption. HashiCorp's primary products include Terraform, a cloud infrastructure as code tool for provisioning and managing resources; Vault, which secures and controls access to sensitive data; Nomad, a work orchestrator for deploying and managing applications across various environments; and Consul, a tool for service discovery and orchestration. Additionally, HashiCorp offers Vagrant for creating reproducible development environments and Packer for generating identical machine images for multiple platforms. The company aims to provide consistent workflows and a standardized approach to automate infrastructure processes, thereby enabling organizations to effectively run distributed applications in both public and private cloud environments.

HashiCorp

Series D in 2018
HashiCorp, Inc. is an open-source software company based in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company specializes in developing multi-cloud infrastructure automation software that addresses the challenges of cloud adoption. HashiCorp's primary products include Terraform, a cloud infrastructure as code tool for provisioning and managing resources; Vault, which secures and controls access to sensitive data; Nomad, a work orchestrator for deploying and managing applications across various environments; and Consul, a tool for service discovery and orchestration. Additionally, HashiCorp offers Vagrant for creating reproducible development environments and Packer for generating identical machine images for multiple platforms. The company aims to provide consistent workflows and a standardized approach to automate infrastructure processes, thereby enabling organizations to effectively run distributed applications in both public and private cloud environments.

Puppet

Series F in 2018
Puppet is an information technology company that specializes in automation solutions aimed at addressing common business challenges. The company offers a comprehensive platform for infrastructure automation, covering areas such as configuration management, compliance, application delivery, and patch management. Puppet's tools facilitate the development, management, version control, and code analysis necessary for effective IT operations. By enabling clients to deliver, update, monitor, and secure software across both physical and virtual machines, Puppet enhances operational efficiency and reliability in IT environments.

HashiCorp

Series C in 2017
HashiCorp, Inc. is an open-source software company based in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company specializes in developing multi-cloud infrastructure automation software that addresses the challenges of cloud adoption. HashiCorp's primary products include Terraform, a cloud infrastructure as code tool for provisioning and managing resources; Vault, which secures and controls access to sensitive data; Nomad, a work orchestrator for deploying and managing applications across various environments; and Consul, a tool for service discovery and orchestration. Additionally, HashiCorp offers Vagrant for creating reproducible development environments and Packer for generating identical machine images for multiple platforms. The company aims to provide consistent workflows and a standardized approach to automate infrastructure processes, thereby enabling organizations to effectively run distributed applications in both public and private cloud environments.

Intentionet

Venture Round in 2017
Intentionet is a developer of management software that specializes in analyzing network configurations to identify and rectify errors. The company's software automates the testing of changes within both on-premises and cloud-based networks, proactively addressing potential issues that could lead to outages or security breaches. By providing clients with enhanced visibility into their network's security posture and connectivity, Intentionet facilitates rapid deployment and ongoing maintenance of network systems without the risk of service interruptions or compliance violations.

HashiCorp

Series B in 2016
HashiCorp, Inc. is an open-source software company based in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company specializes in developing multi-cloud infrastructure automation software that addresses the challenges of cloud adoption. HashiCorp's primary products include Terraform, a cloud infrastructure as code tool for provisioning and managing resources; Vault, which secures and controls access to sensitive data; Nomad, a work orchestrator for deploying and managing applications across various environments; and Consul, a tool for service discovery and orchestration. Additionally, HashiCorp offers Vagrant for creating reproducible development environments and Packer for generating identical machine images for multiple platforms. The company aims to provide consistent workflows and a standardized approach to automate infrastructure processes, thereby enabling organizations to effectively run distributed applications in both public and private cloud environments.

HashiCorp

Series A in 2014
HashiCorp, Inc. is an open-source software company based in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company specializes in developing multi-cloud infrastructure automation software that addresses the challenges of cloud adoption. HashiCorp's primary products include Terraform, a cloud infrastructure as code tool for provisioning and managing resources; Vault, which secures and controls access to sensitive data; Nomad, a work orchestrator for deploying and managing applications across various environments; and Consul, a tool for service discovery and orchestration. Additionally, HashiCorp offers Vagrant for creating reproducible development environments and Packer for generating identical machine images for multiple platforms. The company aims to provide consistent workflows and a standardized approach to automate infrastructure processes, thereby enabling organizations to effectively run distributed applications in both public and private cloud environments.

EdgeConneX

Venture Round in 2014
EdgeConneX provides infrastructure solutions for various industries including content providers, network operators, and telecommunications companies. The company specializes in edge-of-network facilities that optimize the delivery of digital content by placing Edge Data Centers, Edge Small Cells, and Edge Points of Presence (PoPs) close to end-users. These facilities offer space, power, and connectivity options tailored to meet the growing demands of businesses and their customers. Founded in 2009 and headquartered in Herndon, Virginia, with an additional office in Denver, Colorado, EdgeConneX also has facilities in Warsaw, Poland, and Buenos Aires, Argentina. The company is committed to delivering sustainable and environmentally friendly data center solutions.

EdgeConneX

Venture Round in 2014
EdgeConneX provides infrastructure solutions for various industries including content providers, network operators, and telecommunications companies. The company specializes in edge-of-network facilities that optimize the delivery of digital content by placing Edge Data Centers, Edge Small Cells, and Edge Points of Presence (PoPs) close to end-users. These facilities offer space, power, and connectivity options tailored to meet the growing demands of businesses and their customers. Founded in 2009 and headquartered in Herndon, Virginia, with an additional office in Denver, Colorado, EdgeConneX also has facilities in Warsaw, Poland, and Buenos Aires, Argentina. The company is committed to delivering sustainable and environmentally friendly data center solutions.

Puppet

Series E in 2014
Puppet is an information technology company that specializes in automation solutions aimed at addressing common business challenges. The company offers a comprehensive platform for infrastructure automation, covering areas such as configuration management, compliance, application delivery, and patch management. Puppet's tools facilitate the development, management, version control, and code analysis necessary for effective IT operations. By enabling clients to deliver, update, monitor, and secure software across both physical and virtual machines, Puppet enhances operational efficiency and reliability in IT environments.

Puppet

Series C in 2011
Puppet is an information technology company that specializes in automation solutions aimed at addressing common business challenges. The company offers a comprehensive platform for infrastructure automation, covering areas such as configuration management, compliance, application delivery, and patch management. Puppet's tools facilitate the development, management, version control, and code analysis necessary for effective IT operations. By enabling clients to deliver, update, monitor, and secure software across both physical and virtual machines, Puppet enhances operational efficiency and reliability in IT environments.

Puppet

Series B in 2010
Puppet is an information technology company that specializes in automation solutions aimed at addressing common business challenges. The company offers a comprehensive platform for infrastructure automation, covering areas such as configuration management, compliance, application delivery, and patch management. Puppet's tools facilitate the development, management, version control, and code analysis necessary for effective IT operations. By enabling clients to deliver, update, monitor, and secure software across both physical and virtual machines, Puppet enhances operational efficiency and reliability in IT environments.

Puppet

Series A in 2009
Puppet is an information technology company that specializes in automation solutions aimed at addressing common business challenges. The company offers a comprehensive platform for infrastructure automation, covering areas such as configuration management, compliance, application delivery, and patch management. Puppet's tools facilitate the development, management, version control, and code analysis necessary for effective IT operations. By enabling clients to deliver, update, monitor, and secure software across both physical and virtual machines, Puppet enhances operational efficiency and reliability in IT environments.

Biconomy

Biconomy is a developer of a multichain relayer protocol that aims to enhance the transaction experience in the blockchain ecosystem. By offering a simplified onboarding process for Web3 projects, Biconomy provides a non-custodial, gas-efficient infrastructure that facilitates meta-transactions at scale. The company's platform includes a software development kit (SDK) and a dashboard that help abstract the complexities associated with blockchain interactions, such as managing wallets, storing private keys, and handling gas fees. This innovative approach allows developers to create smoother and more seamless interactions between decentralized applications (DApps) and their users, ultimately reducing friction and enhancing accessibility in the blockchain space.
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