Soma Capital

Soma Capital

Venture Capital and Private Equity Principals

San Francisco, CA 13,496 followers

Soma Capital is an early stage venture fund investing in early stage software and technology, founded in early 2015

About us

Soma Capital is a fund built by founders for founders, focused on software. We've invested seed in +20 unicorns worth ~$100b combined often 1st check including Deel, Rippling, Ramp, Cruise, Rappi, Ironclad, Human Interest, Razorpay, Lambda School among others. Soma Cap partners and advisors have built billion dollar software co's, for example Vivek Ranadive is the founder of multi billion dollar enterprise software company Tibco ($4.3 billion exit to Vista Equity Partners). Tibco services include big data, analytics, event processing, among others, generating over $1bn in yearly revenue and powers 80% of Fortune 500 companies. This gives Soma CEO-level relationships with many of the biggest brands in the world. Vivek has also been involved early investing and mentoring all time great tech companies including google, yahoo, salesforce, ebay and apple. Soma Cap partners also own the Sacramento Kings NBA team and are developing over 200 acres of land in downtown Sacramento including hotels, condo's, restaurants, malls and more.

Website
http://www.somacap.com
Industry
Venture Capital and Private Equity Principals
Company size
11-50 employees
Headquarters
San Francisco, CA
Type
Privately Held
Founded
2015

Locations

Employees at Soma Capital

Updates

  • View organization page for Soma Capital, graphic

    13,496 followers

    Exciting milestone for the Etched team!!

    View organization page for Etched, graphic

    7,067 followers

    Meet Sohu, the fastest AI chip of all time. With over 500,000 tokens per second in Llama 70B throughput, Sohu lets you build products impossible on GPUs. Sohu is the world’s first specialized chip (ASIC) for transformers (the “T” in ChatGPT). By burning the transformer architecture into our chip, we can’t run most traditional AI models. But for generative AI models, like ChatGPT (text), SD3 (images), and Sora (video), Sohu has unparalleled performance. One Sohu server runs over 500,000 Llama 70B tokens per second: >20x more than an H100 server (23,000 tokens/sec), and >10x more than a B200 server. We recently raised $120M from Primary Venture Partners and Positive Sum, with participation from Two Sigma Ventures, Skybox Datacenters, Hummingbird Ventures, Oceans, Fundomo, Velvet Sea Ventures, Fontinalis Partners, Galaxy, Earthshot Ventures, Max Ventures and Lightscape Partners. We’re grateful for the support of industry leaders, including Peter Thiel, David Siegel, Thomas Dohmke, Jason Warner, Amjad Masad, Kyle Vogt, Stanley Freeman Druckenmiller, and many more. We’re on track for one of the fastest chip launches in history: - Top hardware engineers and AI researchers have left every major AI chip project to join us. - We’ve partnered directly with TSMC on their 4nm process. We’ve secured HBM and server supply from top vendors and can quickly ramp our first year of production. - Our early customers have reserved tens of millions of dollars of our hardware. As we hit the limits of speed, cost, and scale on GPUs, specialized chips are inevitable. If you want to change the future of AI compute, please join us at www.etched.com/careers. (Benchmarks are from running in FP8 without sparsity at 8x model parallelism with 2048 input/128 output lengths. 8xH100s figures are from TensorRT-LLM 0.10.08 (latest version), and 8xB200 figures are estimated. This is the same benchmark NVIDIA and AMD use.)

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  • View organization page for Soma Capital, graphic

    13,496 followers

    Excited to continue to support Manny Griffiths and the Hona team! 💪

    View profile for Manny Griffiths, graphic

    Co-Founder & CEO at Hona

    Pumped to announce our Series A! Couldn't have picked a better partner in Amy Cheetham and the Costanoa Ventures team. Hona is full speed ahead on a mission to revolutionize how legal teams communicate with their clients. Also one of those moments where I look back and realize how lucky I am to have partnered with Matt McClellan and Joshua Christensen. You don't REALLY know what you are getting yourself into until things get going... and these guys are the absolute best people and partners. Fun loving and amazing at what they do. Love the Hona team and excited to keep moving! Link to the press release: https://lnkd.in/eggVNJ7D

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  • Soma Capital reposted this

    View profile for Etai Mizrahi, graphic

    CEO and Co-founder @ Secoda

    Everyone wants to implement AI. But most organizations aren’t ready for it. What happens when you feed an AI poor-quality data? Garbage in, garbage out. Today we’re unveiling the latest chapter of Secoda AI: the fastest way to get answers from your data. Secoda gives you the blueprint for improving data quality, and building the foundational context that AI needs to understand your data. Secoda AI uses the combined context of your data sources, lineage, documentation, and semantic layer to let anyone ask questions and get insights from your data, regardless of technical ability. Designed for both data consumers and producers, Secoda AI is powerful and intuitive to serve everyone from data engineers and analysts to business leaders.Join me later today for an expert AI readiness panel with Scott Breitenother of Brooklyn Data Co. (a Velir company)Bobby Pinero of Equals, and Colleen Tartow, Ph.D. of VAST Data. Andrew McEwen and I will also be deep-diving into the new Secoda AI release. Tune into the keynote here:  https://lnkd.in/ghgJdMRZ

  • Soma Capital reposted this

    View organization page for GrantScout, graphic

    172 followers

    We are thrilled to announce that #GrantScout has successfully closed a $3.4 million seed funding round, led by Adverb Ventures and Abstract Ventures, with participation from HF0 and other Angels. 🔥 Learn more about GrantScout and how we help companies find grant funding opportunities and craft high quality proposals: https://lnkd.in/e8nnyzPE

    Announcing our $3.4M seed round to simplify the grant funding process

    Announcing our $3.4M seed round to simplify the grant funding process

    grantscout.com

  • Soma Capital reposted this

    View profile for Jesse Buckingham, graphic

    Founder at Vooma (YC W23); ex-CEO @ Alpine Software Group, Stanford GSB, Bain

    🚨 NEW PRODUCT ANNOUNCEMENT: VOOMA QUOTE 🚨 Brokers and carriers leave millions of dollars of freight on the table. Why? It’s buried in their inbox. We’re thrilled to be announcing Vooma Quote, our email quoting visibility and automation platform. Most logistics leaders instinctively know there’s an opportunity in their inbox. But how big is it? Most don’t know - for good reason. It’s extremely difficult to track. But you need that data to run your sales org. -> Where are the opportunities? Where are you winning? Losing? -> Where can you shift from spot to contract? -> Where can you win more if you had better carrier rates? -> How is your pricing model performing in the wild? 💰 Leaving money on the table Email quoting can be just as tough for the reps. For familiar lanes it’s pretty fast. But what if you get an RFQ for 15 lanes? Wait more than a few minutes and those loads are gone. Speed matters. 🌅 Imagine Imagine if you could automatically and fully track all of your email quotes and win / loss, in real time, with no manual work? Imagine if your reps had a tool that instantly priced and prepared quotes? How much more business would win? How much further could you go with your existing team? That’s why we built Vooma Quote. 💸 Vooma Quote 💸 Vooma Quote is an email quoting visibility and automation tool for brokers and carriers to illuminate the revenue in your inbox and help you win more freight. Here’s how it works: -> Hit ‘Get Quote’ -> Vooma extracts quote key information and hits your preferred pricing tool for a rate -> Vooma instantly drafts a response -> Hit send with one click Everything is tracked centrally in your quotes database. Easily store your 'tribal knowledge' of how to quote that shipper. Works with single quotes, multi-quotes, spreadsheets, pdfs - you name it. Soon tracking win / loss will be fully automated. *** We’re pumped to help sellers quote and win more freight with this powerful tool. Tell us what you think!

    • Introducing Vooma Quote, an email quoting visibility and automation platform for freight brokers and trucking companies.
    • Vooma's AI automatically reads and extracts key quote information
    • Vooma's AI can read emails with a single or multiple quote requests
    • Users can see a full quote history to help them refine their pricing.
    • Vooma will generate professional responses automatically.
      +1
  • View organization page for Soma Capital, graphic

    13,496 followers

    Excited to be early supporters of the Sweetspot (YC S23) team! Congrats on the launch Sachin S., Philip Kung, and Andrew Arkhipov Book a demo now to find, manage and bid on government opportunities using this link ---> https://lnkd.in/gWh_UmVA #somacapital #govtech

    View profile for Sachin S., graphic

    Co-Founder & CEO @ Sweetspot (YC S23)

    Really excited to share that we just launched a brand new version of Sweetspot (YC S23)! With this release, our goal was to create an all-in-one government sales platform. Here are some highlights: 🔎 AI-Powered Search: Leverage our new and improved AI-Powered search engine to find government opportunities that best suit your business. 💬 Opportunity Chat: Make a quick bid/no-bid decision by asking our AI questions about the opportunity. 📂 Pursuit Management: Collaborate with teammates to tackle tasks, organize files, and track the progress of the pursuit from inception to submission. 📝 Proposal Copilot: Draft a response to any opportunity by leveraging our intelligent AI copilot, equipped with an arsenal of tools and privately trained on your company's data. We have some huge follow-up updates coming out in the next several weeks, excited to share more then 🫡   Read more: https://www.sweetspot.so Sign up for a free account: https://lnkd.in/gxcp9MCY Book a demo: https://lnkd.in/gWh_UmVA #govcon #sales #startup #govtech #government #contracting #ai

  • Soma Capital reposted this

    View profile for Aaron Bai, graphic

    Founder of Affiniti

    According to Paul Graham, co-founder of Y Combinator, a good company growth rate typically ranges between 5-7% per week. Surpassing the benchmark, Affiniti is experiencing a staggering 88% week-over-week growth rate! Every morning, I’ve been tracking this graph showcasing the explosive growth of Affiniti within just 1 month of our Mastercard product launch. We have achieved this without a sales / growth team or dedicated growth engines (not even referral links). We’re working on all of that, but our product is leading the charge! So what is our product? While Brex and Ramp have revolutionized financial services for tech startups and enterprises, Affiniti is on a mission to bring hyper-customized financial platforms to every other industry in the US! With less than 10% of the US GDP belonging to tech companies, we're here to cater to the remaining 90% — serving verticals such as podiatry, government contracting, fitness, coin laundry, and beyond. This phenomenal growth is driven exclusively by our unique go-to-market partnerships in the podiatry and community pharmacy industries. And we have many more on stand-by! If you want to follow what we’re building at Affiniti, feel free to connect with me. Our journey is a testament to the untapped innovation potential within all of these traditional industries — often overlooked by tech companies.

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  • View organization page for Soma Capital, graphic

    13,496 followers

    Incredibly excited to back Jimoh A. Ovbiagele and the Bench IQ team! They're using LLMs to provide comprehensive insights into the decision-making patterns of judges/their rulings and are serving 12 of the top 100 largest U.S. firms already! #AI #SomaCapital #legaltech

  • Soma Capital reposted this

    View profile for Chris Nguyen, graphic

    Builder | YC Alum | DevOps

    🚀 TL;DR - Shuttle is launching, helping 1 billion knowledge workers automate mundane tasks to get more done faster 🚀 ���� I'm thrilled to announce the launch of Shuttle! And the most amazing part of this new adventure is teaming up with Lee Liu again for our 4th startup. I could never have imagined that our collaboration in the first year of college would evolve into us becoming life-long co-founders, marking three decades of partnership! 🤯 Globally, there are one billion knowledge workers, and we could all use some assistance. Our vision is a platform that provides everyone with a personalized version of their own assistant. With the help of AI of course :) 🦸🦸🏼♀️ Shuttle- Choose Your Own Superpowers  Shuttle is a platform where users can select modules to automate mundane tasks, helping them get more done faster. Shuttle triggers personalized actions by analyzing contextual data from calendars, emails, and preferences. We plan to build modules such as: 1. ⌚ Meeting Intel (launching today!) - Gather all essential information about a business associate before a meeting 2. 📅 Follow-Up - Receive timely reminders and automatically draft personalized responses 3. 🔎 Daily Rundown - A snapshot of your day to help plan for conflicts, travel time, rescheduling, and more. We have 15+ more modules such as gifting, travel management, etc.💪 ✨ The Spark:  Lee and I had the privilege of working with an outstanding executive assistant at Mezmo, (Hi, Sumera Kunwar!👋) She skillfully managed a wide range of administrative tasks on our to-do list, which allowed us to devote more time to strategic priorities. This was a skillset I wanted to build on: a tech-enabled platform that would provide every team member with a tech-driven support system, especially after noting the substantial amount of time and effort spent on routine tasks. ❓How we want to be different:  1. AI where AI is needed Not everything needs AI, but there are clear areas in which we can leverage AI to optimize time 2. Platform vs. Catch-All Coming from DevOps, we believe the platform approach / choose your own superpowers is the best way to set user expectations with assistant modules 3. Product-Led Growth  Help should not be expensive; we want to price each module from $1-10/month 🙏 I don’t know where the journey with Shuttle will lead, but I'm very grateful to be on this adventure with an incredible team whom we’ve known each other for 10+ years (Priya Mokha, Mike Hu, Kevin C., Lee Liu). It’s exhilarating when you can do it with a team that values integrity, innovation, and collaboration. A team that has a “get $hit done” mentality. We’re just getting started! To my family, friends, and investors, thank you for the unwavering support, since day 1. To infinity and beyond! 🚀 Check us out at ShuttleHQ.com! https://lnkd.in/enzJan2m

    Shuttle: Elevating Productivity for a Billion Knowledge Workers - Shuttle :: Automate Mundane Tasks

    Shuttle: Elevating Productivity for a Billion Knowledge Workers - Shuttle :: Automate Mundane Tasks

    shuttlehq.com

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Funding

Soma Capital 2 total rounds

Last Round

Seed
See more info on crunchbase