True Ventures

True Ventures is a venture capital firm founded in 2005 and based in Palo Alto, California, with an additional office in San Francisco. It specializes in investing in early-stage technology startups, focusing on sectors such as commerce, consumer products, health, and infrastructure technologies, including areas like e-commerce, mobile, and cloud computing. The firm typically provides seed and Series A financing, preferring to invest between $0.25 million and $3 million for a stake of 22 to 25 percent in the companies it supports. True Ventures is dedicated to empowering entrepreneurs, fostering creativity, and promoting professional growth through its True Platform, which offers various programs for founders. With a team of over 40 professionals, True Ventures has helped launch and scale more than 350 companies, contributing to the creation of over 85,000 jobs worldwide. The firm has received recognition, including being named Venture Firm of the Year by the National Venture Capital Association in 2018.

Dave Balter

Venture Partner

Caroline Ciaramitaro

Associate

Gus Coldebella

Partner

Sahiti Enjeti

Associate

Amy Errett

Partner

Ulrike Kellmereit

CFO

Om Malik

Partner

Fiona McCarthy

Principal

John O'Connell

Associate

Toni Schneider

Partner

Natasha Sharma

Principal

Rohit Sharma

Partner

Jim Stewart

COO

James Stewart

COO and Partner

Priscilla Tyler

Senior Associate

Christiaan Vorkink

VP and Director

Ariel Winton-Jones

Principal

Puneet Agarwal

Partner

Past deals in Internet of Things

Ditto

Series B in 2025
Ditto is a technology company that provides innovative connectivity solutions for edge devices, primarily through its edge-native mobile database. This platform ensures consistent operations across diverse network conditions, enabling real-time data synchronization via peer-to-peer and mesh networking, which minimizes reliance on cloud services. Ditto's offerings are designed to enhance operational efficiency and reliability across various sectors, including point-of-sale systems, aviation, industrial operations, and restaurants. Additionally, Ditto has developed a software development kit that facilitates seamless synchronization of applications, enabling them to communicate directly with one another without requiring a server. This SDK adeptly manages the complexities of multiple network transport methods, such as Bluetooth and Wi-Fi, allowing developers to create applications that function effectively with or without internet connectivity.

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.

Mode

Series B in 2024
Mode, Inc. is a technology company that specializes in developing a cloud-based platform for Internet of Things (IoT) solutions. Founded in 2014 and headquartered in San Mateo, California, with an additional office in Tokyo, Japan, the company provides end-to-end semi-custom IoT and artificial intelligence solutions. Mode's platform enables devices to communicate with mobile clients and facilitates the tracking and management of both devices and users. Their innovative BizStack IoT and BizStack AI solutions collect real-time data from various sensors and devices, which is then sanitized and structured for analysis. This data is presented through customizable dashboards that offer valuable insights, allowing organizations to enhance their operations and turn ideas into sustainable solutions. Mode's technology can be deployed significantly faster and more cost-effectively compared to traditional development methods, making it an appealing choice for businesses seeking to leverage IoT and AI capabilities.

Synadia

Series B in 2024
Synadia Communications Inc. is a technology company based in Los Angeles, California, focused on developing a global utility platform for connecting digital systems, services, and devices. Established in 2017, Synadia is the leader in the development of NATS.io, an open-source messaging system designed for cloud-native applications, microservices architectures, and Internet of Things (IoT) messaging. The company offers NGS, a secure and globally available communications platform built on NATS.io, along with additional services such as commercial support, consulting, non-recurring engineering, and training. By leveraging its innovative technology, Synadia aims to provide scalable and secure messaging solutions that facilitate modern distributed systems across various applications.

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.

Ditto

Series A in 2023
Ditto is a technology company that provides innovative connectivity solutions for edge devices, primarily through its edge-native mobile database. This platform ensures consistent operations across diverse network conditions, enabling real-time data synchronization via peer-to-peer and mesh networking, which minimizes reliance on cloud services. Ditto's offerings are designed to enhance operational efficiency and reliability across various sectors, including point-of-sale systems, aviation, industrial operations, and restaurants. Additionally, Ditto has developed a software development kit that facilitates seamless synchronization of applications, enabling them to communicate directly with one another without requiring a server. This SDK adeptly manages the complexities of multiple network transport methods, such as Bluetooth and Wi-Fi, allowing developers to create applications that function effectively with or without internet connectivity.

Ditto

Seed Round in 2021
Ditto is a technology company that provides innovative connectivity solutions for edge devices, primarily through its edge-native mobile database. This platform ensures consistent operations across diverse network conditions, enabling real-time data synchronization via peer-to-peer and mesh networking, which minimizes reliance on cloud services. Ditto's offerings are designed to enhance operational efficiency and reliability across various sectors, including point-of-sale systems, aviation, industrial operations, and restaurants. Additionally, Ditto has developed a software development kit that facilitates seamless synchronization of applications, enabling them to communicate directly with one another without requiring a server. This SDK adeptly manages the complexities of multiple network transport methods, such as Bluetooth and Wi-Fi, allowing developers to create applications that function effectively with or without internet connectivity.

Rise Gardens

Series A in 2021
Rise Gardens LLC specializes in creating and marketing indoor hydroponic gardening systems that enable consumers to grow their own food year-round. The company offers a modular system that can accommodate various types of plants, including herbs, greens, vegetables, and flowers. Each system includes a physical appliance and The Rise Gardens application, which assists users in tracking plant growth and provides guidance on fertilization. By making home gardening more accessible and enjoyable, Rise Gardens aims to strengthen the connection between individuals and the food they consume. Founded in 2017 and based in Skokie, Illinois, the company previously operated under the name Harvest2O, LLC, and primarily sells its products online.

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.

Mode

Series A in 2020
Mode, Inc. is a technology company that specializes in developing a cloud-based platform for Internet of Things (IoT) solutions. Founded in 2014 and headquartered in San Mateo, California, with an additional office in Tokyo, Japan, the company provides end-to-end semi-custom IoT and artificial intelligence solutions. Mode's platform enables devices to communicate with mobile clients and facilitates the tracking and management of both devices and users. Their innovative BizStack IoT and BizStack AI solutions collect real-time data from various sensors and devices, which is then sanitized and structured for analysis. This data is presented through customizable dashboards that offer valuable insights, allowing organizations to enhance their operations and turn ideas into sustainable solutions. Mode's technology can be deployed significantly faster and more cost-effectively compared to traditional development methods, making it an appealing choice for businesses seeking to leverage IoT and AI capabilities.

Synadia

Venture Round in 2020
Synadia Communications Inc. is a technology company based in Los Angeles, California, focused on developing a global utility platform for connecting digital systems, services, and devices. Established in 2017, Synadia is the leader in the development of NATS.io, an open-source messaging system designed for cloud-native applications, microservices architectures, and Internet of Things (IoT) messaging. The company offers NGS, a secure and globally available communications platform built on NATS.io, along with additional services such as commercial support, consulting, non-recurring engineering, and training. By leveraging its innovative technology, Synadia aims to provide scalable and secure messaging solutions that facilitate modern distributed systems across various applications.

Rise Gardens

Seed Round in 2020
Rise Gardens LLC specializes in creating and marketing indoor hydroponic gardening systems that enable consumers to grow their own food year-round. The company offers a modular system that can accommodate various types of plants, including herbs, greens, vegetables, and flowers. Each system includes a physical appliance and The Rise Gardens application, which assists users in tracking plant growth and provides guidance on fertilization. By making home gardening more accessible and enjoyable, Rise Gardens aims to strengthen the connection between individuals and the food they consume. Founded in 2017 and based in Skokie, Illinois, the company previously operated under the name Harvest2O, LLC, and primarily sells its products online.

Mode

Series A in 2018
Mode, Inc. is a technology company that specializes in developing a cloud-based platform for Internet of Things (IoT) solutions. Founded in 2014 and headquartered in San Mateo, California, with an additional office in Tokyo, Japan, the company provides end-to-end semi-custom IoT and artificial intelligence solutions. Mode's platform enables devices to communicate with mobile clients and facilitates the tracking and management of both devices and users. Their innovative BizStack IoT and BizStack AI solutions collect real-time data from various sensors and devices, which is then sanitized and structured for analysis. This data is presented through customizable dashboards that offer valuable insights, allowing organizations to enhance their operations and turn ideas into sustainable solutions. Mode's technology can be deployed significantly faster and more cost-effectively compared to traditional development methods, making it an appealing choice for businesses seeking to leverage IoT and AI capabilities.

Bear Flag Robotics

Seed Round in 2018
Bear Flag Robotics, Inc. specializes in developing autonomous technology for farm tractors, aiming to enhance productivity and safety in agriculture. Founded in 2017 by Igino Cafiero and Aubrey Donnellan, the company is headquartered in Sunnyvale, California. Its software enables users to plan routes, schedule jobs, and receive real-time alerts about equipment status. Additionally, it features remote emergency stop capabilities and obstacle avoidance, ensuring safe operation in various conditions. By utilizing perception sensors and robotic actuators, Bear Flag Robotics' technology allows central mission control to manage tractor operations, providing real-time data that helps farmers optimize their practices, reduce input costs, and increase production yields.

Ring

Series D in 2017
Ring is an outdoor home security company founded in 2012 and based in Santa Monica, California. The company specializes in a range of smart security products designed to enhance home safety and reduce crime in neighborhoods. Its offerings include the Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and Ring Floodlight Cam. These devices are equipped with features such as wide-angle lenses, built-in microphones, and speakers, allowing homeowners to monitor their properties effectively. By creating a modern digital neighborhood watch, Ring aims to empower consumers and protect communities globally.

Brava Home

Series A in 2016
Brava Home, Inc. is a technology company based in Redwood City, California, specializing in the development and manufacturing of innovative kitchen appliances, particularly in the realm of IoT and domestic automation. Established in 2015, the company focuses on integrating technology and design to enhance culinary experiences at home, making cooking more convenient and enjoyable for users. Brava Home's products aim to empower individuals to prepare better meals effortlessly, thereby saving time and simplifying the cooking process. As a subsidiary of The Middleby Corporation since November 2019, Brava Home continues to expand its offerings in consumer electronics and kitchen automation, contributing to a more efficient and joyful home environment.

Veniam

Series B in 2016
Veniam is a technology company focused on enhancing future mobility and creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.

littleBits Electronics

Series B in 2015
littleBits Electronics Inc. specializes in developing electronic building blocks that easily snap together using magnets, allowing users to create, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and headquartered in New York, the company offers a diverse range of modules, including circuit boards with various functions, hardware development kits, and accessories such as USB and power modules, remote triggers, micro sequencers, keyboards, toggle switches, and light sensors. With an open-source library featuring over 60 electronic modules, littleBits encourages users to view, download, share designs, and create their own custom modules. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.

Veniam

Series A in 2014
Veniam is a technology company focused on enhancing future mobility and creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.

Ring

Series A in 2014
Ring is an outdoor home security company founded in 2012 and based in Santa Monica, California. The company specializes in a range of smart security products designed to enhance home safety and reduce crime in neighborhoods. Its offerings include the Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and Ring Floodlight Cam. These devices are equipped with features such as wide-angle lenses, built-in microphones, and speakers, allowing homeowners to monitor their properties effectively. By creating a modern digital neighborhood watch, Ring aims to empower consumers and protect communities globally.

littleBits Electronics

Series A in 2013
littleBits Electronics Inc. specializes in developing electronic building blocks that easily snap together using magnets, allowing users to create, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and headquartered in New York, the company offers a diverse range of modules, including circuit boards with various functions, hardware development kits, and accessories such as USB and power modules, remote triggers, micro sequencers, keyboards, toggle switches, and light sensors. With an open-source library featuring over 60 electronic modules, littleBits encourages users to view, download, share designs, and create their own custom modules. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.

littleBits Electronics

Series A in 2012
littleBits Electronics Inc. specializes in developing electronic building blocks that easily snap together using magnets, allowing users to create, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and headquartered in New York, the company offers a diverse range of modules, including circuit boards with various functions, hardware development kits, and accessories such as USB and power modules, remote triggers, micro sequencers, keyboards, toggle switches, and light sensors. With an open-source library featuring over 60 electronic modules, littleBits encourages users to view, download, share designs, and create their own custom modules. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.
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