Accel

Accel is a venture capital firm founded in 1983 and based in Palo Alto, California, with additional offices in San Francisco, London, and Bangalore. It focuses on early and growth-stage technology startups, investing across software, cloud, data analytics, mobile technology, consumer services, fintech, security, healthcare, and information technologies. Accel seeks to partner with entrepreneurs to build world-class companies that define new categories and drive growth. Its portfolio includes notable technology companies such as Atlassian, Dropbox, Slack, Spotify, Etsy, Cloudera, DJI, Braintree, and Lookout Security, among others.

Pratik Agarwal

Principal

Casey Aylward

Partner

Mahendran Balachandran

Partner

Luca Bocchio

Partner

Philippe Botteri

Partner

Past deals in Embedded Software

Swish Robotics

Pre Seed Round in 2025
Embodied Intelligence for the Home

Swan

Series B in 2025
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Swan

Series B in 2023
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Swan

Series A in 2021
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Ubidyne

Series B in 2009
Ubidyne is a technology company founded in 2005, specializing in digital active antenna technology. The company’s innovative Antenna Embedded Radio technology integrates micro-radio systems within wireless antennas, revolutionizing mobile communications by eliminating the need for coaxial feeder cables, remote electrical tilt, and additional amplifiers. Ubidyne's products are designed to support a wide range of mobile communication standards, including GSM, UMTS, HSPA+, and LTE, and are compatible with both CPRI and OBSAI optical interfaces. This advanced technology enables efficient deployment of multi-standard wireless services, enhancing coverage, capacity, and energy efficiency of mobile networks globally. Ubidyne's solutions cater to various applications, from pico cells to smart macro cells and distributed in-building systems.

Sansa Security

Series C in 2007
Sansa Security is a provider of comprehensive embedded security solutions tailored for the Internet of Things (IoT) and mobile devices. The company delivers unified and scalable security features that extend from silicon chipsets to cloud-based secret provisioning. Sansa Security's products encompass both hardware and software technologies, including security co-processors, subsystems, modules, and cryptographic accelerators, ensuring robust protection against threats such as malware, fraud, and data theft. By enabling secure interactions through a configurable trust model, Sansa facilitates new business models among customers, suppliers, and technology partners. The company serves leading semiconductor and device manufacturers, consistently ranking among the foremost entities in the embedded security market. Its solutions cater to various sectors, including automotive, networking, and industrial applications, while maintaining transparency for end-users.

Ubidyne

Series A in 2005
Ubidyne is a technology company founded in 2005, specializing in digital active antenna technology. The company’s innovative Antenna Embedded Radio technology integrates micro-radio systems within wireless antennas, revolutionizing mobile communications by eliminating the need for coaxial feeder cables, remote electrical tilt, and additional amplifiers. Ubidyne's products are designed to support a wide range of mobile communication standards, including GSM, UMTS, HSPA+, and LTE, and are compatible with both CPRI and OBSAI optical interfaces. This advanced technology enables efficient deployment of multi-standard wireless services, enhancing coverage, capacity, and energy efficiency of mobile networks globally. Ubidyne's solutions cater to various applications, from pico cells to smart macro cells and distributed in-building systems.

Sansa Security

Series B in 2004
Sansa Security is a provider of comprehensive embedded security solutions tailored for the Internet of Things (IoT) and mobile devices. The company delivers unified and scalable security features that extend from silicon chipsets to cloud-based secret provisioning. Sansa Security's products encompass both hardware and software technologies, including security co-processors, subsystems, modules, and cryptographic accelerators, ensuring robust protection against threats such as malware, fraud, and data theft. By enabling secure interactions through a configurable trust model, Sansa facilitates new business models among customers, suppliers, and technology partners. The company serves leading semiconductor and device manufacturers, consistently ranking among the foremost entities in the embedded security market. Its solutions cater to various sectors, including automotive, networking, and industrial applications, while maintaining transparency for end-users.
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