Sapphire Ventures

Congratulations to Martin Kassing & the @Upvest team on the $125M financing round! 👏 Upvest is building the infrastructure powering a new generation of investing in Europe — 100M+ orders annually across 30+ institutions. 📖 Read more from Andreas, Jason, Misty, & Anya on why we’re thrilled to continue backing Upvest: sapphireventures.com/blog/powering-… 🎥Watch our Partner, @Weiskam’s conversation with Martin about building financial infrastructure in Europe, scaling across complex regulatory environments, + the role AI could play in the future of investing.

We’re at software’s AI inflection point. AI is now both the primary growth engine & the primary disruption risk in software. In this year's edition of our annual software performance report, our team examines the rise of AI-native platforms in 2025 & the shift that is reshaping capital markets, private company scale, & the exit environment. 📩 Download the full report for more here: info.sapphireventures.com/2026-software-… 📖Check out our blog for the highlights: sapphireventures.com/blog/2026-soft… CC: @SteveAbbott415, Kevin Burke, Jake Randall, Lou Segalland

Read the full list: forbes.com/lists/americas…

The best startups don't just build great products—they build great places to work. 🏆 We're proud to see our portfolio companies earn a spot on this year's @Forbes Best Startup Employers list, recognized for outstanding company culture, employee satisfaction, & growth. Congrats @attentiveHQ, @BlockdaemonHQ, @CaptivateIQ, @elise_ai, @FalconXGlobal, @Gem_Software, @glean, @HightouchData, @Mercury, @Privacera, @WorkOS, @Yugabyte 👏👏👏

Congrats to @grinich & the @WorkOS team on the Series C! 🎉🎉🎉 We’re excited to co-lead this round & partner with WorkOS as they build the foundation for secure, agentic software. As AI speeds up software development & agents begin taking actions autonomously within organizations, companies need absolute clarity about who & what can access their systems & operate within them. WorkOS provides enterprise-grade identity & access controls that software companies can plug directly into their products, supporting thousands of customers. Check out LinkedIn for more: linkedin.com/posts/grinich_…

Full analysis + market map by @cgao, Kevin Burke, Marina Foley Beveridge, Chloe Lin, & @adityareddy97: sapphireventures.com/blog/ai-and-th…

AI is dismantling one of tech’s biggest moats: the productivity software bundle. Microsoft and Google didn’t win workplace software because their products were always better. They won because switching was too painful. Now that dynamic is shifting. Our team mapped what’s actually changing & it goes deeper than AI features. The winners will compound enterprise context & earn the trust to take real action. Context is the moat. Everything else is a feature.

📖 Read more from @CasberW, Adam Liu, Adrian Kania, & Ishan Gill on why we’re excited to partner with Temporal: sapphireventures.com/blog/the-backb…

Congrats to @SamarAtTemporal & the @Temporalio team on the $300M Series D! 🌟👏 Temporal provides the infrastructure layer that helps teams run long-lived, stateful AI applications reliably & at scale, so developers can focus on innovation We’re proud back Temporal as they continue to help companies move agentic AI out of the lab & into the real world.

Congrats to Eric Fourrier & the @GitGuardian team on the $50M Series C! 👏 As companies rely more on software & AI to run everyday operations, the number of non-human logins, such as service accounts & AI agents, has grown rapidly. GitGuardian is meeting this moment by pushing security deeper into the development workflow, helping teams catch exposed secrets early & manage access as systems scale. We’re proud to continue supporting GitGuardian as they grow globally & help enterprises protect the software that runs their business. Read more: blog.gitguardian.com/series-c-annou…

Congrats to @will_lawrenceTO & @brettonai on the $75M Series B & their rebrand from Greenlite AI. We’re proud to lead this round & back Bretton AI! 🎉🎉 Financial crime compliance costs North American institutions $60B+ annually. Bretton AI tackles the core bottleneck: the investigation process itself. Their AI agents handle first-line investigative work, helping teams resolve low-risk cases faster while focusing human judgment where it matters most. 🎥 @rajeevdham sat down with Will to discuss the journey & what’s next for Bretton AI. Watch below + read why we’re excited to partner: sapphireventures.com/blog/bretton-a…

Check out the full list of honorees: businessinsider.com/venture-capita…

Congrats to @JasonRBrooke for being recognized as one of @BusinessInsider’s 2026 Rising Stars in venture capital! 🌟👏 Whether he’s championing breakout companies like Rain or spotting where the next wave of fintech innovation is headed, Jason brings sharp insight, relentless curiosity, & serious hustle to everything he does. Thank you, Jason, for your commitment to supporting founders throughout their growth journeys. We’re grateful to have you as part of our team! Disclaimer: “2026 Rising Stars in Venture Capital,” Business Insider, January 2026. Sapphire played no role in the compilation of this third-party analysis. The full scope of firms and data included in the related surveys or evaluations is unknown.

Open source is quickly becoming a strategic advantage in military software. 🌎🔒 Why? Because it provides code-level visibility, security, + the flexibility to deploy software quickly. In 2024, @jai_das saw the opportunity early on, co-leading Defense Unicorns' Series A. With a strong background in backing infrastructure & open-source companies, Jai saw the massive potential for open source across the U.S. military, particularly as it continues to undergo a digital transformation. Jai Das joined the The Pair Program alongside @RobCSlaughter of @DefenseUnicorns, to dig further into this topic & discuss what it takes to modernize defense software. 🔗youtu.be/GUhSvKTJxy8?si…

📖 Read our full Year in Review: na2.hubs.ly/H032V0w0

2025 was a turning point for enterprise AI—faster innovation, deeper adoption, & new categories emerging. We stayed disciplined, backing founders who pair technical ambition with scalable execution & saw that approach reflected in portfolio outcomes. ✨ 2025 highlights: 🔷 27 investments across the enterprise & AI stack 🔷 440+ customer & partner introductions & 320+ executive talent introductions 🔷 @Netskope’s IPO & additional portfolio exits for @wandb, @clarihq, @ParadoxOlivia, @Catchpoint, @Moveworks, @tryqualified, & @AskSageAI! 🔷 @jai_das, @rajeevdham, @cgao, & @aranum shared their perspectives on the year ahead across more than a dozen publications, including @Axios, @FortuneMagazine, @TechCrunch, @WSJ, & @theinformation . 🔷 40+ events, including our 4th Annual Hypergrowth Engineering Summit. 🔷 Our partners spoke at 20+ leading global conferences. 🔷 Recognized by @Inc. as a 2025 Founder-Friendly Investor & named to @VCJournal’s Top 50 VC Firms. As we reflect on the year, we’re grateful for our community, & look forward to the year ahead!

Europe has one of the world’s largest economies, yet only a fraction of consumers invest. @Upvest is working to close that gap, making investing as easy as spending money. In Dec '24, @SapphireVC formally partnered w Upvest through its Series C. Sapphire’s @Weiskam recently sat down w Founder & CEO Martin Kassing to discuss scaling investment infrastructure across Europe & how AI is changing the game. Full convo ⬇️🎬

A big congratulations to @RobCSlaughter & the @DefenseUnicorns team on their $136M Series B and reaching unicorn status—it was meant to be! 🌟🦄 We are proud to continue supporting the team as they modernize mission-critical software delivery for modern defense. Read more: defenseunicorns.com/defense-unicor…

Congratulations to @DemareeGrant & the @Onebriefapp team on the Series D! 👏🎉 Onebrief is building the modern command OS for defense, helping military leaders plan, decide, & act faster with a unified, AI-powered platform that replaces fragmented legacy workflows. With the funding news, Onebrief announced its acquisition of @RoadBattleDigi, expanding the platform with AI-driven simulation & real-time decision support. We are proud to co-lead this round & support the team as they modernize mission-critical operations to enable modern defense. Read more in our blog: sapphireventures.com/blog/the-ultim…