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.

Caroline Ciaramitaro

Associate

Gus Coldebella

Partner

Sahiti Enjeti

Associate

Ulrike Kellmereit

CFO

Om Malik

Partner

Fiona McCarthy

Principal

Michael Montano

Venture Partner

John O'Connell

Associate

Natasha Sharma

Principal

Jim Stewart

COO and Partner

Priscilla Tyler

Vice President

Christiaan Vorkink

Vice President

Ann Weiss

Partner

Ariel Winton-Jones

Principal

Past deals in Internet of Things

Ditto

Series B in 2025
Ditto Technologies, Inc., established in 2011 and headquartered in Oakland, California, specializes in two distinct yet complementary business areas. Primarily, it offers an innovative eyewear recommendation and virtual try-on technology platform for retailers, brands, and eye care professionals worldwide. This platform uses advanced facial mapping and machine learning algorithms to provide personalized, precise, and vividly realistic recommendations based on each customer's unique facial features and style preferences. Additionally, Ditto develops resilient edge device connectivity solutions, including an edge-native, mobile database that enables real-time data synchronization between devices through peer-to-peer and mesh networking, even in challenging network conditions. This technology caters to various industries, enhancing operational efficiency and reliability by reducing reliance on cloud-based services.

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 Technologies, Inc., established in 2011 and headquartered in Oakland, California, specializes in two distinct yet complementary business areas. Primarily, it offers an innovative eyewear recommendation and virtual try-on technology platform for retailers, brands, and eye care professionals worldwide. This platform uses advanced facial mapping and machine learning algorithms to provide personalized, precise, and vividly realistic recommendations based on each customer's unique facial features and style preferences. Additionally, Ditto develops resilient edge device connectivity solutions, including an edge-native, mobile database that enables real-time data synchronization between devices through peer-to-peer and mesh networking, even in challenging network conditions. This technology caters to various industries, enhancing operational efficiency and reliability by reducing reliance on cloud-based services.

Ditto

Seed Round in 2021
Ditto Technologies, Inc., established in 2011 and headquartered in Oakland, California, specializes in two distinct yet complementary business areas. Primarily, it offers an innovative eyewear recommendation and virtual try-on technology platform for retailers, brands, and eye care professionals worldwide. This platform uses advanced facial mapping and machine learning algorithms to provide personalized, precise, and vividly realistic recommendations based on each customer's unique facial features and style preferences. Additionally, Ditto develops resilient edge device connectivity solutions, including an edge-native, mobile database that enables real-time data synchronization between devices through peer-to-peer and mesh networking, even in challenging network conditions. This technology caters to various industries, enhancing operational efficiency and reliability by reducing reliance on cloud-based services.

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.

Bear Flag Robotics

Seed Round in 2021
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.

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.

Synadia

Seed Round in 2018
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.

Petasense

Seed Round in 2018
Petasense Inc., founded in 2014 and headquartered in Foster City, California, is an Industrial IoT startup focused on enhancing the reliability of industrial machines. The company provides an end-to-end solution featuring a patent-pending wireless vibration sensor, cloud software, and machine learning analytics. This technology allows customers to monitor and predict the health of critical machinery in real-time, thereby reducing unplanned downtime and lowering repair costs. Petasense serves a diverse clientele, including prominent organizations such as JLL, C&W Services, Silicon Valley Power, and Stanford University. Founded by experienced entrepreneurs Abhinav Khushraj and Arun Santhebennur, the company is supported by notable investors like True Ventures and Felicis Ventures.

Ring

Series D in 2017
Ring is a home security company based in Santa Monica, California, established in 2012. It specializes in outdoor security solutions, offering a range of smart home products designed to enhance safety and reduce crime in neighborhoods. The company's product lineup includes the Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and Ring Floodlight Cam, all of which feature advanced capabilities such as wide-angle lenses, built-in microphones, and speakers that allow users to see, hear, and communicate with visitors. By integrating these devices, Ring aims to empower homeowners and foster community vigilance, effectively creating a modern neighborhood watch system that helps prevent burglaries and enhance residential security worldwide.

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. is a company that specializes in electronic building blocks that connect magnetically, empowering users to design, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and based in New York, littleBits offers a diverse range of modules, including circuit boards with specific functions, hardware development kits, and various accessories such as USB and power modules, remote triggers, micro sequencers, and light sensors. The company's open-source library features over 60 electronic modules, allowing users to share designs and create their own innovative solutions. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.

Petasense

Seed Round in 2015
Petasense Inc., founded in 2014 and headquartered in Foster City, California, is an Industrial IoT startup focused on enhancing the reliability of industrial machines. The company provides an end-to-end solution featuring a patent-pending wireless vibration sensor, cloud software, and machine learning analytics. This technology allows customers to monitor and predict the health of critical machinery in real-time, thereby reducing unplanned downtime and lowering repair costs. Petasense serves a diverse clientele, including prominent organizations such as JLL, C&W Services, Silicon Valley Power, and Stanford University. Founded by experienced entrepreneurs Abhinav Khushraj and Arun Santhebennur, the company is supported by notable investors like True Ventures and Felicis Ventures.

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 a home security company based in Santa Monica, California, established in 2012. It specializes in outdoor security solutions, offering a range of smart home products designed to enhance safety and reduce crime in neighborhoods. The company's product lineup includes the Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and Ring Floodlight Cam, all of which feature advanced capabilities such as wide-angle lenses, built-in microphones, and speakers that allow users to see, hear, and communicate with visitors. By integrating these devices, Ring aims to empower homeowners and foster community vigilance, effectively creating a modern neighborhood watch system that helps prevent burglaries and enhance residential security worldwide.

Tessel Project

Seed Round in 2013
Technical Machine, Inc. is a company that develops and manufactures physical, Internet-enabled devices aimed at software developers. Founded in 2013 and based in Needham, Massachusetts, it offers products like Tessel, a programmable microcontroller equipped with a built-in WiFi chip and designed to be programmed in JavaScript. Tessel supports various modules, including accelerometers, Bluetooth, RFID, and audio, allowing users to create and test innovative devices. The company emphasizes an open platform that enables users to integrate and remix its solutions, facilitating the transition from prototype to manufacturing for the next generation of connected devices.

littleBits Electronics

Series A in 2013
littleBits Electronics Inc. is a company that specializes in electronic building blocks that connect magnetically, empowering users to design, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and based in New York, littleBits offers a diverse range of modules, including circuit boards with specific functions, hardware development kits, and various accessories such as USB and power modules, remote triggers, micro sequencers, and light sensors. The company's open-source library features over 60 electronic modules, allowing users to share designs and create their own innovative solutions. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.

littleBits Electronics

Series A in 2012
littleBits Electronics Inc. is a company that specializes in electronic building blocks that connect magnetically, empowering users to design, invent, and prototype with electronics. Founded in 2011 by Ayah Bdeir and based in New York, littleBits offers a diverse range of modules, including circuit boards with specific functions, hardware development kits, and various accessories such as USB and power modules, remote triggers, micro sequencers, and light sensors. The company's open-source library features over 60 electronic modules, allowing users to share designs and create their own innovative solutions. As of August 2019, littleBits operates as a subsidiary of Sphero, Inc.
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