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 Open Source

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.

Sofar Ocean

Venture Round in 2023
Sofar Ocean is a build-accessible ocean sensing and exploration tool for ocean enthusiasts, industry, and conservation. The company builds accessible tools for ocean enthusiasts, industry, and conservation, operating a vast sensor network that provides real-time insights. Sofar Ocean is actively expanding its network of ocean monitoring devices and enhancing its data platform to integrate more robust predictive capabilities. It is also forming partnerships to improve global ocean monitoring systems and support climate resilience initiatives.

Nixtla

Venture Round in 2023
Nixtla is a software development company focused on providing advanced forecasting tools for businesses of all sizes and across various industries. The company aims to democratize access to sophisticated data-driven decision-making solutions by offering an open-source platform that allows developers and data scientists to create and manage time series processing services in the cloud. Nixtla's technology facilitates continuous integration and deployment, enabling clients to implement cutting-edge forecasting and anomaly detection features without requiring extensive technical expertise. By unlocking the potential of data, Nixtla helps organizations reduce uncertainty and make informed decisions.

Directus

Series A in 2022
Directus is an Open Data Platform for managing the content of any SQL database. It provides a powerful API layer for developers and an intuitive App for non-technical users. Written in JavaScript, Directus is completely open-source, modular, and extensible, allowing it to be fully tailored to your exact project needs.

Gradle Enterprise

Series C in 2021
Gradle Inc. specializes in software solutions that enhance developer productivity and satisfaction, primarily through its Develocity platform and the widely-used open-source Gradle Build Tool. Develocity, previously known as Gradle Enterprise, provides innovative technologies for accelerating build and test performance, along with analytics that help development teams improve the reliability of their toolchains. This approach aligns with the practice of Developer Productivity Engineering (DPE), which is adopted by leading companies such as Airbnb, LinkedIn, Microsoft, Nasdaq, and Netflix. By unifying and automating build processes, Gradle enables enterprises to efficiently build, automate, deliver, and maintain complex applications, thereby enhancing their capability to ship quality software rapidly and at scale.

Solo.io

Series C in 2021
Solo.io, Inc. is a software company founded in 2017 and headquartered in Cambridge, Massachusetts, specializing in open-source and enterprise solutions for cloud-native technologies. The company offers a range of products, including Gloo, a cloud-native API gateway that facilitates secure traffic management across application services, and Mesh Hub, which provides a unified dashboard for managing service meshes. Solo.io also features tools such as Squash, a debugger for microservices applications, and Unik, a platform for building unikernels. The company's offerings are designed to assist organizations in transitioning from traditional monolithic architectures to modern microservices. Its solutions are widely adopted by various industries, catering to both established Fortune 2000 companies and emerging cloud-native disruptors. All products are built on open-source technologies, ensuring flexibility and innovation in application development and management.

Solo.io

Series B in 2020
Solo.io, Inc. is a software company founded in 2017 and headquartered in Cambridge, Massachusetts, specializing in open-source and enterprise solutions for cloud-native technologies. The company offers a range of products, including Gloo, a cloud-native API gateway that facilitates secure traffic management across application services, and Mesh Hub, which provides a unified dashboard for managing service meshes. Solo.io also features tools such as Squash, a debugger for microservices applications, and Unik, a platform for building unikernels. The company's offerings are designed to assist organizations in transitioning from traditional monolithic architectures to modern microservices. Its solutions are widely adopted by various industries, catering to both established Fortune 2000 companies and emerging cloud-native disruptors. All products are built on open-source technologies, ensuring flexibility and innovation in application development and management.

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.

Automattic

Series D in 2019
Automattic Inc. is a technology company founded in 2005 and headquartered in San Francisco, California. It specializes in developing web-based solutions that enhance online presence and functionality. The company is best known for its flagship product, WordPress.com, which allows users to create and manage websites easily. In addition to WordPress.com, Automattic offers a variety of products including WooCommerce for e-commerce, Jetpack for site performance and security, and other tools designed to support web hosting, security, and enterprise infrastructure. By focusing on open-source content management systems, Automattic aims to democratize publishing and commerce, enabling users to share their stories and content across various platforms, regardless of their background or location. The company serves both non-profit and open-source projects in the United States and internationally.

Sofar Ocean

Series A in 2019
Sofar Ocean is a build-accessible ocean sensing and exploration tool for ocean enthusiasts, industry, and conservation. The company builds accessible tools for ocean enthusiasts, industry, and conservation, operating a vast sensor network that provides real-time insights. Sofar Ocean is actively expanding its network of ocean monitoring devices and enhancing its data platform to integrate more robust predictive capabilities. It is also forming partnerships to improve global ocean monitoring systems and support climate resilience initiatives.

Solo.io

Series A in 2018
Solo.io, Inc. is a software company founded in 2017 and headquartered in Cambridge, Massachusetts, specializing in open-source and enterprise solutions for cloud-native technologies. The company offers a range of products, including Gloo, a cloud-native API gateway that facilitates secure traffic management across application services, and Mesh Hub, which provides a unified dashboard for managing service meshes. Solo.io also features tools such as Squash, a debugger for microservices applications, and Unik, a platform for building unikernels. The company's offerings are designed to assist organizations in transitioning from traditional monolithic architectures to modern microservices. Its solutions are widely adopted by various industries, catering to both established Fortune 2000 companies and emerging cloud-native disruptors. All products are built on open-source technologies, ensuring flexibility and innovation in application development and management.

Solo.io

Series A in 2018
Solo.io, Inc. is a software company founded in 2017 and headquartered in Cambridge, Massachusetts, specializing in open-source and enterprise solutions for cloud-native technologies. The company offers a range of products, including Gloo, a cloud-native API gateway that facilitates secure traffic management across application services, and Mesh Hub, which provides a unified dashboard for managing service meshes. Solo.io also features tools such as Squash, a debugger for microservices applications, and Unik, a platform for building unikernels. The company's offerings are designed to assist organizations in transitioning from traditional monolithic architectures to modern microservices. Its solutions are widely adopted by various industries, catering to both established Fortune 2000 companies and emerging cloud-native disruptors. All products are built on open-source technologies, ensuring flexibility and innovation in application development and management.

Gradle Enterprise

Series B in 2018
Gradle Inc. specializes in software solutions that enhance developer productivity and satisfaction, primarily through its Develocity platform and the widely-used open-source Gradle Build Tool. Develocity, previously known as Gradle Enterprise, provides innovative technologies for accelerating build and test performance, along with analytics that help development teams improve the reliability of their toolchains. This approach aligns with the practice of Developer Productivity Engineering (DPE), which is adopted by leading companies such as Airbnb, LinkedIn, Microsoft, Nasdaq, and Netflix. By unifying and automating build processes, Gradle enables enterprises to efficiently build, automate, deliver, and maintain complex applications, thereby enhancing their capability to ship quality software rapidly and at scale.

OpenZeppelin

Venture Round in 2017
OpenZeppelin specializes in developing tools for creating and securing decentralized applications, crucial for the rapidly expanding blockchain ecosystem. It is renowned for its Open Source library, OpenZeppelin Contracts, which supports over 3,000 public projects and is backed by a vibrant community of more than 180 contributors. The company conducts comprehensive security audits for major organizations, including the Ethereum Foundation and Coinbase, establishing industry benchmarks for security in decentralized systems. In addition to its auditing services, OpenZeppelin offers consulting and development services to facilitate the creation of robust applications. By providing these resources, OpenZeppelin aims to lower the barriers to secure system development, empowering a growing number of developers to build applications that can achieve widespread adoption.

Gradle Enterprise

Series A in 2016
Gradle Inc. specializes in software solutions that enhance developer productivity and satisfaction, primarily through its Develocity platform and the widely-used open-source Gradle Build Tool. Develocity, previously known as Gradle Enterprise, provides innovative technologies for accelerating build and test performance, along with analytics that help development teams improve the reliability of their toolchains. This approach aligns with the practice of Developer Productivity Engineering (DPE), which is adopted by leading companies such as Airbnb, LinkedIn, Microsoft, Nasdaq, and Netflix. By unifying and automating build processes, Gradle enables enterprises to efficiently build, automate, deliver, and maintain complex applications, thereby enhancing their capability to ship quality software rapidly and at scale.

Gradle Enterprise

Seed Round in 2015
Gradle Inc. specializes in software solutions that enhance developer productivity and satisfaction, primarily through its Develocity platform and the widely-used open-source Gradle Build Tool. Develocity, previously known as Gradle Enterprise, provides innovative technologies for accelerating build and test performance, along with analytics that help development teams improve the reliability of their toolchains. This approach aligns with the practice of Developer Productivity Engineering (DPE), which is adopted by leading companies such as Airbnb, LinkedIn, Microsoft, Nasdaq, and Netflix. By unifying and automating build processes, Gradle enables enterprises to efficiently build, automate, deliver, and maintain complex applications, thereby enhancing their capability to ship quality software rapidly and at scale.

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.

Neon Labs.

Series A in 2014
Neon Open is an innovative platform that leverages artificial intelligence to enhance advertising inventory through open-source technology. By employing a deep learning model, it quantifies the emotional impact of images and videos, allowing users to predict which visuals will generate increased engagement, including clicks, likes, and shares. The platform caters to a diverse range of users, including journalists, artists, engineers, and non-profit organizations, making it a versatile tool in the marketing landscape. Neon Open's offerings, including Neon for Video, have demonstrated significant effectiveness, with reported increases in video views through real-time optimization of visual content. The company has established partnerships with leading deep learning frameworks to support its mission of improving customer engagement and streamlining the marketing workflow by automating the selection of impactful images and videos.

Automattic

Series C in 2014
Automattic Inc. is a technology company founded in 2005 and headquartered in San Francisco, California. It specializes in developing web-based solutions that enhance online presence and functionality. The company is best known for its flagship product, WordPress.com, which allows users to create and manage websites easily. In addition to WordPress.com, Automattic offers a variety of products including WooCommerce for e-commerce, Jetpack for site performance and security, and other tools designed to support web hosting, security, and enterprise infrastructure. By focusing on open-source content management systems, Automattic aims to democratize publishing and commerce, enabling users to share their stories and content across various platforms, regardless of their background or location. The company serves both non-profit and open-source projects in the United States and internationally.

Spree Commerce

Series A in 2014
At Spree Commerce, our mission is to empower the world’s sellers. Spree Commerce began as an open source e-commerce platform in 2008. The modular platform allows for easy customizations and upgrades so developers and store owners can configure Spree for their specific needs. Spree’s vibrant, international community has been an important factor in the company’s success. Almost 500 developers have contributed to the Spree platform, and it is now one of the top open source projects in the world. In 2013, the company launched the Spree Commerce hub. The hub automates backend operations for storefronts using any platform, not just Spree, including stores operated by some of the world’s largest e-commerce retailers.

Piston Cloud Computing

Series B in 2014
Piston Cloud Computing, Inc. specializes in Piston OpenStack, a software solution designed to automate the orchestration of private cloud environments on commodity servers. Founded in 2011 and headquartered in San Francisco, the company offers additional services including planning, systems integration, operations design, software updates, and tailored training for application developers and cloud operators. Piston OpenStack is particularly beneficial for organizations developing web, mobile, and big data applications, as it enhances data center efficiency by managing servers as a unified pool of scalable computing resources. This capability allows companies to accelerate their application development processes and bring products to market more quickly. Piston is also recognized for its contributions to the OpenStack project, providing thought leadership and support to the community, thereby reinforcing its commitment to making OpenStack the industry standard in cloud computing. As of June 2015, Piston Cloud Computing operates as a subsidiary of Cisco Systems, Inc.

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.

Neon Labs.

Seed Round in 2013
Neon Open is an innovative platform that leverages artificial intelligence to enhance advertising inventory through open-source technology. By employing a deep learning model, it quantifies the emotional impact of images and videos, allowing users to predict which visuals will generate increased engagement, including clicks, likes, and shares. The platform caters to a diverse range of users, including journalists, artists, engineers, and non-profit organizations, making it a versatile tool in the marketing landscape. Neon Open's offerings, including Neon for Video, have demonstrated significant effectiveness, with reported increases in video views through real-time optimization of visual content. The company has established partnerships with leading deep learning frameworks to support its mission of improving customer engagement and streamlining the marketing workflow by automating the selection of impactful images and videos.

Piston Cloud Computing

Series B in 2013
Piston Cloud Computing, Inc. specializes in Piston OpenStack, a software solution designed to automate the orchestration of private cloud environments on commodity servers. Founded in 2011 and headquartered in San Francisco, the company offers additional services including planning, systems integration, operations design, software updates, and tailored training for application developers and cloud operators. Piston OpenStack is particularly beneficial for organizations developing web, mobile, and big data applications, as it enhances data center efficiency by managing servers as a unified pool of scalable computing resources. This capability allows companies to accelerate their application development processes and bring products to market more quickly. Piston is also recognized for its contributions to the OpenStack project, providing thought leadership and support to the community, thereby reinforcing its commitment to making OpenStack the industry standard in cloud computing. As of June 2015, Piston Cloud Computing operates as a subsidiary of Cisco Systems, 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.

Singly

Series A in 2012
Singly is an operator of an open-source personal data platform based in San Francisco, founded in 2010. The company provides solutions for developers and businesses to streamline the integration of third-party services into their web and mobile applications. Its platform enables efficient user authentication and data management, eliminating the need for custom coding for user authentication, data syncing, and storage. By offering SDKs and products designed to enhance app connectivity, Singly helps clients accelerate their time to market, reduce infrastructure costs, and focus on product development without the distractions of maintenance and overhead.

Spree Commerce

Seed Round in 2011
At Spree Commerce, our mission is to empower the world’s sellers. Spree Commerce began as an open source e-commerce platform in 2008. The modular platform allows for easy customizations and upgrades so developers and store owners can configure Spree for their specific needs. Spree’s vibrant, international community has been an important factor in the company’s success. Almost 500 developers have contributed to the Spree platform, and it is now one of the top open source projects in the world. In 2013, the company launched the Spree Commerce hub. The hub automates backend operations for storefronts using any platform, not just Spree, including stores operated by some of the world’s largest e-commerce retailers.

Piston Cloud Computing

Series A in 2011
Piston Cloud Computing, Inc. specializes in Piston OpenStack, a software solution designed to automate the orchestration of private cloud environments on commodity servers. Founded in 2011 and headquartered in San Francisco, the company offers additional services including planning, systems integration, operations design, software updates, and tailored training for application developers and cloud operators. Piston OpenStack is particularly beneficial for organizations developing web, mobile, and big data applications, as it enhances data center efficiency by managing servers as a unified pool of scalable computing resources. This capability allows companies to accelerate their application development processes and bring products to market more quickly. Piston is also recognized for its contributions to the OpenStack project, providing thought leadership and support to the community, thereby reinforcing its commitment to making OpenStack the industry standard in cloud computing. As of June 2015, Piston Cloud Computing operates as a subsidiary of Cisco Systems, Inc.

Adobe Fonts

Venture Round in 2010
Adobe Fonts allows subscribers to embed fonts into online documents and websites, as well as activate fonts on their desktop computers. It's a subscription-based service for linking to high-quality Open Type fonts from some of the worlds best type foundries. Their fonts are served from a global network on redundant servers, offering bulletproof service and incredible speed. Adobe Fonts is formerly Typekit, which was acquired by Adobe in 2011.

Adobe Fonts

Seed Round in 2009
Adobe Fonts allows subscribers to embed fonts into online documents and websites, as well as activate fonts on their desktop computers. It's a subscription-based service for linking to high-quality Open Type fonts from some of the worlds best type foundries. Their fonts are served from a global network on redundant servers, offering bulletproof service and incredible speed. Adobe Fonts is formerly Typekit, which was acquired by Adobe in 2011.

Automattic

Series B in 2008
Automattic Inc. is a technology company founded in 2005 and headquartered in San Francisco, California. It specializes in developing web-based solutions that enhance online presence and functionality. The company is best known for its flagship product, WordPress.com, which allows users to create and manage websites easily. In addition to WordPress.com, Automattic offers a variety of products including WooCommerce for e-commerce, Jetpack for site performance and security, and other tools designed to support web hosting, security, and enterprise infrastructure. By focusing on open-source content management systems, Automattic aims to democratize publishing and commerce, enabling users to share their stories and content across various platforms, regardless of their background or location. The company serves both non-profit and open-source projects in the United States and internationally.
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