[See EN 1 & EN2]
Soma has systematically identified and backed 40+ multi-billion dollar startups before the broader market catches on:
Growth investments OpenAI & Anthropic.
🏆 Top Breakouts
| Company | Valuation | Notes |
|---|---|---|
| 💳Ramp | $32B | AI finance platform. Founded by Eric Glyman & Karim Atiyeh. |
| 🌍Deel | $17B | Global workforce OS. $1B+ run rate, 35K+ companies. Founded by Alex Bouaziz & Shuo Wang. |
| ⚡Rippling | $20B | All-in-one workforce platform. $450M Series G backed by Goldman & YC. Founded by Parker Conrad. |
| 🤖Cognition | $15B | Makers of Devin, first AI software engineer. Acquired Windsurf. Founded by Scott, Steven & Walden. |
| 📈Kalshi | $11B | First federally regulated event trading exchange. $1B+ Super Bowl volume (2,700% YoY). Founded by Tarek & Luana. |
| 👥Mercor | $10B | AI talent platform, $450M ARR. Series C led by Felicis. Founded by Adarsh, Brendan & Surya. |
| 🛡️Cyera | $10B | Enterprise data security. Raised at $6B (doubled in 6 months). Founded by Yotam & Tamar. |
| 💸Razorpay | $7.5B | India's leading payments platform. Founded by Harshil & Shashank. |
| 🛒Zepto | $7B | 10-minute grocery delivery. Raising at $7B (up 40%). Founded by Aadit & Kaivalya. |
| ⚙️Etched | $5B | Specialized transformer chip challenging Nvidia. Raised $120M. Founded by Gavin & Chris. |
| 🏥Abridge | $5B | Enterprise AI healthcare platform. Raised $300M led by a16z. Founded by Shiv & Sandeep. |
| 🎧Decagon | $4B | AI concierge for enterprise CX. Raised $250M Series D (3× in 6 months). Founded by Jesse & Ashwin. |
| ⚖️Ironclad | $3B | AI contract management. Backed by Accel & Sequoia. Founded by Jason Boehmig. |
| 🏦Human Interest | $3B | 401(k) platform for SMBs. 5-year Soma partnership. Founded by Jeff Schneble. |
| 🦾Bot Co | $4B | Household humanoid robots. $150M from Greenoaks. Founded by Kyle, Luke & Paril. |
| 🎬Moonvalley | $1B | Generative video model. $84M seed from GC. Founded by Vasil & Naeem. |
| 🛰️Astranis | $1B | Micro geostationary satellites for global broadband. Founded by John Gedmark. |
| 💊Alto | $1B | Pharmaceutical delivery. Soma secured board of pharmacy approval via legislative connections. Founded by Mattieu Gamache-Asselin. |
🚀 Growth Investments
| Company | Valuation | Notes |
|---|---|---|
| 🧠OpenAI | $850B | Growth investment |
| 🤖Anthropic | $350B | Growth investment |
📊 Next Poised Breakouts ($500M–$1.5B)
| Company | Valuation | Notes |
|---|---|---|
| 🔭Gecko Robotics | $1.2B | Infrastructure inspection robots. $100M NAES deal for US power grid. Series D at $1.2B. |
| 🌌ZeroMatter | $1.1B | Tesla-grade cloud simulation engine. Founded by Ian Glow. |
| 🔀OpenRouter | $1.4b | Unified AI model gateway. $40M Series A led by a16z, Menlo & Sequoia. Founded by Alex & Louis. |
| 🏦Slash | $1b | Verticalized business banking. $41M Series B. Founded by Kevin & Victor. |
| 🛸Starcloud | $1B | Space-based GPU compute. First AI model trained in space. Founded by Philip Johnston. |
| 🤖Avoca | $1b | 24/7 AI communications for SMBs. Founded by Tyson & Apurva. |
| 🔍Exa AI | $700M | Search engine for AIs. $85M Series B from Benchmark. Founded by William & Jeffrey. |
| 🌐Aspora | $500M | Global cross-border neobank. Series A & B led by Sequoia. Founded by Parth. |
| 🏭Tractian | $500M | Industrial IoT. $120M Series C from Sapphire. Founded by Igor & Gabriel. |
| Atum Works | $500M | 3D lithography for semi conductors and nanoprinting materials. |
| 🏗️DualEntry | $400M | AI-native ERP. $90M Series A from Lightspeed, Khosla & GV. Founded by Santiago & Benedict. |
| 🌿Greenlite | $350M | AI for financial crime investigations. $15M Series A from Greylock. Founded by Will & Alex. |
| 🏢Runwise | $350M | Smart OS for 4,000+ buildings. $55M Series B from Menlo. Founded by Michael & Lee. |
| 👤Paraform | $350M | Recruiter marketplace. $20M Series A from Felicis. Founded by John & Jeffrey. |
| 💊Slope | $300M | B2B BNPL for enterprises. TikTok partnership. Founded by Alice & Lawrence. |
| 🔒Delve | $300M | Compliance automation — HIPAA in hours. $32M Series A from Insight. Founded by Selin & Karun. |
| 🌌Astroforge | $180M | First commercial asteroid mining. Founded by Matt Gialich. |
| 🩺Nitra | $150M | All-in-one finance platform for healthcare. Founded by Jonathan & Tim. |
| 🏦Affiniti | $120M | Fintech OS for backbone US industries. $17M Series A from Signal Fire. |
| 📋Cluely | $120M | Real-time AI interview support. Series A from a16z. Founded by Roy & Neel. |
| 🔊Vapi | $100M | Voice AI infra. $20M Series A from Bessemer. Founded by Jordan & Nikhil. |
| 🗄️LanceDB | $100M | Open-source vector DB. $30M Series A from Theory Ventures. Founded by Lei & Chang. |
| 💻Diode Computers | $100M | AI-powered PCB design. Series A from a16z. Founded by Davide & Lenny. |
| 📊HockeyStack | $80M | AI GTM intelligence. $20M Series A from Bessemer. Founded by Buğra, Emir & Arda. |
| 🚚Vooma | $60M | AI freight document digitization. Founded by Mike & Jesse. |
[See EN 3]
Vivek Ranadive built Tibco - the enterprise software giant that:
<aside> 📌
Beyond introductions:
Aneel and Vivek helped curate the Silicon Valley CEO dinner with the President (Tim Cook, Satya Nadella, Sundar Pichai, Zuckerberg + 30 others). Soma has facilitated multiple founder intros to the likes of Sam Altman, Jensen Huang, Sergey Brin, Jack Dorsey, Eduardo Saverin, etc.
</aside>
The Soma team holds multiple C-suite meetings every week. We make warm introductions, facilitate commercial relationships that would take years to build independently, and personally help close enterprise customers, starting at the seed stage,
Technology & Software:
Financial Services:
Healthcare & Life Sciences:
Consumer & Retail:
IMPORTANT DISCLOSURES: This presentation is not an offer to sell securities of any investment fund or a solicitation of offers to buy any such securities. Securities of any investment vehicle (a “Fund”) managed by Soma Capital (the “Firm” or “Soma Capital”) are offered to selected investors only by means of a complete offering memorandum and related subscription materials which contain significant additional information about the terms of an investment in such Fund (such documents, the “Offering Documents”). Any decision to invest must be based solely upon the information set forth in the Offering Documents, regardless of any information investors may have been otherwise furnished, including this presentation.
ENDNOTES: [EN 1]: The statements presented on this presentation were made by founders of companies in which Soma Capital has made investments. They are not clients of Soma Capital or investors in any investment vehicle managed by Soma Capital. Each individual quoted has a material business relationship with Soma Capital and a potential financial incentive to make favorable statements about Soma Capital and its personnel. These statements reflect the opinions of the individual speakers as of the time they were made and may not be representative of the experience of all portfolio company founders. No compensation was paid to any individual in connection with their statement. These statements should not be construed as a guarantee of future results or as an endorsement of any Fund or any investment therein. Further, the inclusion of any firm's name or logo does not constitute an endorsement of Soma Capital, any Fund, or any statement made on this webpage by such individual or company, as applicable, and no representation is made that any such individual or company, as applicable, has reviewed or approved the contents hereof. There can be no guarantee that any of the individuals or companies, as applicable, identified on the applicable slides will co-invest alongside any Fund, lead future investment rounds in any Fund's portfolio companies, or otherwise engage with Soma Capital in the future.
[EN2]: The portfolio companies listed on this webpage are intended to illustrate Soma Capital’s investment approach and do not necessarily reflect all or any portfolio companies of any investment vehicle managed by Soma Capital. They are also not a recommendation to purchase or sell any particular security. There can be no assurance that these investments will be profitable or that similar opportunities will be available in the future. Not all Soma Capital’s investments were successful and some resulted in losses. A list of all investments made by Soma Capital is available upon request. Past performance is not indicative of future performance.
[EN3]: The companies, individuals, and firms identified on this webpage are included for illustrative purposes only to illustrate Aneel Ranadive’s professional and personal network. They are not clients of Soma Capital but some of the individuals may be or may become investors in one or more Soma funds. No compensation was paid to any individual in connection with their inclusion in this presentation. There is no guarantee that any Fund will invest in, or facilitate introductions to, any company or individual, as applicable, shown. Soma Capital has no ability to influence the decisions of any person or entity referenced herein, and any such references are included for illustrative purposes only. References to government officials and political figures are included solely to describe network relationships and do not imply any governmental endorsement, approval, political support, or preferential access for any Fund or its portfolio companies. The firms, individuals and companies identified herein do not imply any formal partnership, ongoing relationship, or preferred arrangement with Soma Capital or any Fund. The inclusion of any individual, company’s or firm's name or logo does not constitute an endorsement of Soma Capital, any Fund, or any statement made in this presentation by such person, and no representation is made that any such person has reviewed or approved the contents hereof. There can be no guarantee that any individual or company, as applicable, identified herein will co-invest alongside any Fund, lead future investment rounds in any portfolio company, or otherwise engage with Soma Capital in the future. References to follow-on participation, upsized allocation, and concentration into category winners are forward-looking statements that reflect intended strategy only and are not guarantees of future outcomes. Actual results will depend on numerous factors outside Soma Capital's control, including portfolio company performance and decisions, market conditions, and the availability of suitable investment opportunities. Past activity is not indicative of future results, and there can be no assurance that any Fund will achieve its investment objectives.