About Conviction
Conviction is a venture capital firm founded in 2022. It is primarily based out of San Francisco, United States. As of Jun 2026, Conviction is an active investor, having invested in 52 companies, with 21 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Tomo Overall, Conviction portfolio has seen 8 unicorns and 4 acquisitions including key companies like Mistral AI, OpenEvidence and Harvey. A lot of funds co-invest with Conviction, with names like Sequoia Capital sharing a substantial percentage of its portfolio. Conviction has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Deals in last 12 months
Conviction's List of Top Investments
Conviction has a portfolio of 52 companies, including 8 unicorns. Their most notable investments are in Corridor and Inventex.Their portfolio spans across United States, United Kingdom, France and 1 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 12 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Conviction:1. Mistral AI
Provider of customizable, open-source artificial intelligence models and solutions for various applications. It is a company specializing in open-source large language models and generative AI, providing cutting-edge language models for various applications.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $3.05B
- Employee Count: 1,143 as on May 31, 2026
- Investors: Cisco Investments, BNP Paribas and 51 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Highlight: Editors' Pick
2. OpenEvidence
AI powered medical search platform for healthcare professionals. It aggregates, synthesizes, and visualizes clinically relevant evidence in a format. It aims to provide healthcare professionals with accurate and access to medical information, supporting informed decision making in clinical practice. It provides solutions to enhance the accessibility and usability of peer reviewed medical literature for healthcare professionals.
Key facts about OpenEvidence
- Founded Year: 2021
- Location: Miami (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $735M
- Employee Count: 119 as on May 31, 2026
- Investors: Meritech, VenCap International and 21 Others
- Latest Funding Round: Series D, Jan 21, 2026, $*****
3. Harvey
Provider of an AI software for legal and professional services. It allows users to ask question in natural language, and the AI generates answers based on user speicifications. The AI performs research to find relevant case law, statutes, and regulations to support legal arguments. It offers services including legal research and analysis, contract analysis, litigation support, regulatory compliance, and more.
Key facts about Harvey
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.22B
- Employee Count: 1,441 as on May 31, 2026
- Investors: T. Rowe Price, GIC and 19 Others
- Latest Funding Round: Series G, Mar 24, 2026, $*****
- Highlight: Editors' Pick
4. Cognition
Developer of an AI software engineer designed to automate coding. The AI is designed to handle end-to-end development tasks independently. It helps engineering teams focus on complex problems. The AI software engineer supports software delivery and business growth.
Key facts about Cognition
- Founded Year: 2023
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.1B
- Employee Count: 407 as on May 31, 2026
- Investors: Vitruvian Partners, 137 Ventures and 25 Others
- Latest Funding Round: Series D, May 27, 2026, $*****
- Highlight: Editors' Pick
5. LangChain
Developer of tools for building, testing, and deploying AI agent applications. The company provides frameworks and platforms designed to accelerate agent development and ensure reliability. It offers resources for orchestration, integration, evaluation, observability, deployment, and management of agents. The tools support various applications, including copilots, enterprise GPT, customer support, research, and code generation.
Key facts about LangChain
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $260M
- Employee Count: 325 as on May 31, 2026
- Investors: Sapphire Ventures, Cisco Investments and 13 Others
- Latest Funding Round: Series B, Oct 20, 2025, $*****
- Highlight: Editors' Pick
Conviction's Year-on-Year Investment Trends
Conviction has invested in 52 companies over the last 3 years, with an average of 16 new investments annually in the last 3 years. In 2025, it made 24 investments, while as of Jun 2026, it has made 21 investments in this year. Its most recent first time investment was in Tomo and most recent follow-on round was in Baseten Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 8 | 21 |
2025 | 22 | 2 | 24 |
2024 | 11 | 2 | 13 |
2023 | 4 | 0 | 4 |
Conviction's Investments by Stage
Conviction has made 21 investments in Seed stage with an average round size of $108M, 21 investments in Series A stage with an average round size of $55.3M, 5 investments in Series B stage with an average round size of $132M, 2 investments in Series C stage with an average round size of $85M and 1 investment in Series D stage with an average round size of $300M.Stage of entry | No. of Investments |
|---|---|
Seed | 21 |
Series A | 21 |
Series B | 5 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Conviction's Investments by Sector
Conviction has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Enterprise Infrastructure and Artificial Intelligence - Industry Applications. Notably, it has invested in 48 Tech companies, 46 Enterprise (B2B) companies, 46 Software companies and at least 32 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 38 |
High Tech | 19 |
Vertical SaaS | 7 |
Enterprise Infrastructure | 6 |
Artificial Intelligence - Industry Applications | 5 |
Others | 23 |
Note: We have considered here, only first round of investments
Conviction's Investments by Geography
Conviction has made most investments in United States (43), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 43 |
United Kingdom | 3 |
France | 1 |
Israel | 1 |
Note: We have considered here, only first round of investments
Conviction's recent investments
Conviction has made 21 investments in 2026 so far. Tomo and Baseten Technologies are the latest among them.Here are the most recent investments by Conviction:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 25, 2026 | United States | Seed | 7487 | ||
Jun 22, 2026 | United States | Series F | 3713 | [+11] | |
Jun 03, 2026 | - | Series C | 2888 | [+2] | |
Jun 02, 2026 | United Kingdom | Series A | 6138 | [+6] | |
May 28, 2026 | United States | Seed | 4606 |
Unicorns in Conviction's Portfolio
Conviction has 8 unicorns in its portfolio - Sunday, LangChain, ReflectionAI and others. The most recent unicorn in their portfolio is Sunday. It became a unicorn in 2026.Here is a list of unicorns in Conviction's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Developer of a home robot designed to perform household tasks | 2024 | Mountain View | Series B | mwtrlpj | ||
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | qtpseza | ||
66 | Developer of autonomous coding systems | 2025 | New York City | Series B | cuhlgea | ||
67 | Platform offering low code based ML powered application development software | 2019 | San Francisco | Series F | sogzyzb | ||
78 | AI powered medical search platform for healthcare professionals | 2021 | Miami | Series D | dhsltfy |
Acquired companies in Conviction's Portfolio
4 companies from Conviction's portfolio have been acquired. The most recent acquisition was Uplimit in Jun 2026 by Handshake for $*****.Here are Conviction's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2026 | Jul 24, 2024 | Series A | 3296 | |
Apr 29, 2026 | Oct 09, 2024 | Seed | 8606 | |
Jun 03, 2025 | Jan 11, 2023 | Seed | 2165 | |
Feb 24, 2025 | Oct 03, 2024 | Series A | 8176 |
Team profile of Conviction
Conviction has a team of 3 members including 2 Partners located in United States. Conviction's team sits on the board of 2 companies.Co-investors of Conviction
Over the past 3 years, 397 investors have co-invested in Conviction's portfolio companies. This includes funds and angels.
- Invested before Conviction: Sequoia Capital, Y Combinator and 72 others have invested in rounds before Conviction. There are 3 companies where Sequoia Capital has invested before Conviction and 3 companies where Y Combinator has invested before Conviction.
- Top Co-investors of Conviction: 215 investors entered a company along with Conviction. These include investors like Sequoia Capital (7 companies).
- Invested after Conviction: A total of 108 investors have invested in Conviction's portfolio after their investments. Top Investors include Nvidia (5 companies), SV Angel (3 companies) and DST Global (3 companies).
Recent News related to Conviction
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Tomo Raises $5 Million in Seed Funding Led by Bain Capital VenturesThe SaaS News•Jun 26, 2026•Tomo, Conviction, Basis Set Ventures, Angel Investors and 3 others
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AI Inference Startup Baseten Reportedly Raising $1.5B Months After Last Mega RoundTechCrunch+•Jun 19, 2026•Altimeter Capital, Spark Capital, Wellington, Baseten Technologies and 5 others
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Adaptive Innovations Raises $50M Series A for AI-Native Home HealthcareThe SaaS News•Jun 04, 2026•Felicis Ventures, Bain Capital Ventures, Conviction, Constellation and 5 others
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AI Startup Collate Raises $95 Million To Automate Life Sciences PaperworkForbes•Jun 03, 2026•Redpoint Ventures, First Round Capital, Collate, Conviction and 2 others
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Fractile Secures $220M for AI Chips Amidst Intense Market DemandStartupHub.ai•May 13, 2026•Fractile, Factorial Funds, Founders Fund, Accel and 6 others
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Nova Intelligence Raises $31.5M Series A for SAP AI MigrationNewsdirectory3•May 07, 2026•Chemistry VC, Nova Intelligence, Nova Intelligence, Conviction and 2 others
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Harvey AI Raises $200M at $11B ValuationTime News•Mar 26, 2026•Harvey, Sequoia Capital, GIC, Evantic and 12 others
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Latent Health Raises $80M in Series A FundingFinSMEs•Mar 19, 2026•Latent, Conviction, Transformation Capital, McKesson and 10 others
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Corridor Raises $25M in Series A FundingFinSMEs•Mar 19, 2026•Corridor, Sunflower Capital, Conviction, Artisanal Ventures and 11 others
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RunSybil raises $40 million to use AI to automate penetration testing of enterprise software securityPANews•Mar 18, 2026•RunSybil, S32, Google, OpenAI and 6 others
