About Comet Labs
Comet Labs is a venture capital firm founded in 2015. It is primarily based out of San Francisco, United States. As of Dec 2018, Comet Labs has invested in 44 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Retail. Most recently it participated in the $***** Series A round of Preteckt Overall, Comet Labs portfolio has seen 1 unicorn, 1 IPO and 9 acquisitions including key companies like Pony.ai, Megvii and Kinara AI. A lot of funds co-invest with Comet Labs, with names like Cherry Ventures sharing a substantial percentage of its portfolio. Comet Labs has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Unicorns
Comet Labs' List of Top Investments
Comet Labs has a portfolio of 44 companies, one of which is a Unicorn. Their most notable investments are in doc.ai and Esperanto Technologies.Their portfolio spans across United States, China and United Kingdom. They have invested in High Tech, Enterprise Applications, Retail and 19 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Comet Labs:1. Pony.ai
The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs. Its core focus is on creating advanced autonomous driving systems designed to provide tailored solutions across multiple industries. By leveraging cutting-edge autonomous mobility technology and services, the company aims to enhance transportation efficiency, safety, and accessibility in diverse use cases.
Key facts about Pony.ai
- Founded Year: 2016
- Location: Fremont (United States)
- Stage: Public
- Total Funding till date: $1.19B
- Employee Count: 515 as on May 31, 2026
- Investors: Toyota, DCM Ventures and 34 Others
- Latest Funding Round: Post IPO, Dec 02, 2024, $*****
- Highlight: Public
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2. OpenSpace
Developer of visual intelligence software for construction project site monitoring. The platform capture the reality of sites with smartphones, 360° cameras, and drones, and turn that reality into real-time, actionable intelligence and simpler workflows. It provides tools for task management, documentation, and coordination among project teams. The system integrates with existing construction management software to facilitate information sharing and progress tracking throughout the building lifecycle.
Key facts about OpenSpace
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $199M
- Employee Count: 391 as on Jun 30, 2026
- Investors: Menlo Ventures, Harmonic and 31 Others
- Latest Funding Round: Series D, Aug 09, 2022, $*****
- Highlight: Editors' Pick
3. Ripcord
Provider of AI-powered robotic document digitization and intelligent data extraction platform. The company combines proprietary robotics with optical character recognition, natural language processing, and machine learning to scan physical records, ingest digital files, classify structured and unstructured documents, and extract searchable data at scale. Its cloud content platform lets organizations access, search, and integrate this data into systems of record, enabling automated workflows, compliance, and analytics for sectors such as financial services, manufacturing, real estate, and the public sector.
Key facts about Ripcord
- Founded Year: 2014
- Location: Hayward (United States)
- Stage: Series B
- Total Funding till date: $147M
- Employee Count: 117 as on May 31, 2026
- Investors: Icon Ventures, Google Ventures and 23 Others
- Latest Funding Round: Series B, Apr 16, 2024, $*****
- Highlight: Editors' Pick
4. AISpeech
Provider of voice and language technology, software, and hardware solutions. The company offers complete human-machine dialogue solutions for various applications. These include software products and intelligent hardware products like chips, modules, and complete devices. The company provides customizable dialogue system development platforms and language calculation models. It serves sectors such as intelligent travel, office, and internet of things.
Key facts about AISpeech
- Founded Year: 2007
- Location: Suzhou (China)
- Stage: Series E
- Total Funding till date: $208M
- Employee Count: 158 as on May 31, 2026
- Investors: Foxconn Electronics, MediaTek and 15 Others
- Latest Funding Round: Series E, Jan 10, 2024, $*****
- Highlight: Editors' Pick
5. Megvii
Developer of AIoT solutions, including software, hardware, and platform systems. The company provides AIoT operating systems, redefined hardware, and industry applications. These offerings facilitate IoT connection, data processing, digital twin implementation, and application enablement. The firm’s products include AIoT servers, integrated machines, smart cameras, and analysis boxes. It also offers platforms for city and enterprise-level applications.
Key facts about Megvii
Comet Labs' Year-on-Year Investment Trends
Comet Labs has invested in 44 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Preteckt.Comet Labs' Investments by Stage
Comet Labs has made 12 investments in Seed stage with an average round size of $3.39M, 5 investments in Series A stage with an average round size of $5.9M and 1 investment in Series B stage with an average round size of $14M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
Comet Labs' Investments by Sector
Comet Labs has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Vertical SaaS, Consumer and Transportation and Logistics Tech. Notably, it has invested in 42 Tech companies, 40 Enterprise (B2B) companies, 34 Software companies and at least 24 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 13 |
Enterprise Applications | 11 |
Vertical SaaS | 6 |
Consumer | 4 |
Transportation and Logistics Tech | 4 |
Others | 29 |
Note: We have considered here, only first round of investments
Comet Labs' Investments by Geography
Comet Labs has made most investments in United States (17), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 17 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Comet Labs' recent investments
Comet Labs has not made any investment in 2026 so far.Here are the most recent investments by Comet Labs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 26, 2018 | United States | Series A | 6416 | ||
Apr 30, 2018 | United States | Seed | 9073 | ||
Apr 24, 2018 | United States | Seed | 4493 | - | |
Apr 24, 2018 | United States | Seed | 8820 | [+1] | |
Apr 24, 2018 | United States | Seed | 5610 |
Unicorns in Comet Labs' Portfolio
Comet Labs has 1 unicorn in its portfolio - Megvii. The most recent unicorn in their portfolio is Megvii which became a unicorn in 2019, 7 years before Comet Labs first invested in it.Here is a list of unicorns in Comet Labs' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of AIoT solutions, including software, hardware, and platform systems | 2011 | Beijing | Series D | iqajhzs |
IPOs and Publicly Listed companies in Comet Labs' Portfolio
1 of Comet Labs' portfolio company became public - Pony.ai. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2024 at marketcap of $3.48BHere are Comet Labs' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 27, 2024 | - | - | 5358 |
Acquired companies in Comet Labs' Portfolio
9 companies from Comet Labs' portfolio have been acquired. The most recent acquisition was Kinara AI in Feb 2025 by NXP Semiconductors for $*****.Here are Comet Labs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 11, 2025 | - | - | 6873 | |
Feb 10, 2025 | Dec 26, 2018 | Series A | 2666 | |
Dec 07, 2021 | - | - | 6731 | |
Oct 26, 2021 | - | - | 3334 | |
Jan 28, 2021 | 2016 | Seed | 5545 |
Team profile of Comet Labs
Comet Labs has a team of 5 members including 3 Partners and 1 Principal located in China, United States and 1 more location. Comet Labs' team does not sit on the board of any company as of now.Here is a list of all team members in Comet Labs:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cabanatuan City | - | ||
Partner | Beijing | - | ||
Partner | China | - | ||
Principal | San Francisco | - |
Co-investors of Comet Labs
Over the past 10 years, 88 investors have co-invested in Comet Labs's portfolio companies. This includes funds and angels.
- Invested before Comet Labs: Lux Capital, Western Digital Cptl and 14 others have invested in rounds before Comet Labs. There are 2 companies where Lux Capital has invested before Comet Labs and 1 company where Western Digital Cptl has invested before Comet Labs.
- Top Co-investors of Comet Labs: 42 investors entered a company along with Comet Labs. These include investors like Cherry Ventures (2 companies).
- Invested after Comet Labs: A total of 30 investors have invested in Comet Labs's portfolio after their investments. Top Investors include Taronga Ventures (1 company), Green Per Square Foot (1 company) and Alkeon Capital Management (1 company).
Recent News related to Comet Labs
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SalesHero reveals it has raised $4.5 mln in seed fundingVCJ•Apr 24, 2018•SalesHero, Comet Labs, Cherry Ventures, Signals Venture Capital and 1 other
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Thiel-Backed Maidbot, Inc Creator Of Rosie The Robot Partners With BISSELL, Inc.PRWeb•Jan 08, 2018•Tailos, BISSELL, Rough Draft Ventures, Comet Labs and 1 other
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Lightform raises $5M to turn old projectors into augmented reality machinesTechCrunch+•Nov 21, 2017•Lightform, Lux Capital, Dolby Family Ventures, CrunchFund and 3 others
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Abundant Robotics raises $10 million to commercialize its apple-picking robotVentureBeat•May 03, 2017•Abundant Robotics, Google Ventures, BayWa, Tellus Partners and 3 others
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Wibotic reels in $2.5 mln seedPE Hub•Apr 26, 2017•WiBotic, Tsing Capital, Comet Labs, The W Fund and 2 others
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Pluto AI Raises $2.1M in FundingFinSMEs•Mar 23, 2017•PlutoAi, Refactor Capital, Fall Line Capital, 500 Global and 4 others
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Cobalt takes the wraps off its indoor security robotsTechCrunch+•Mar 02, 2017•Cobalt Robotics, Promus Ventures, Subtraction Capital, Comet Labs and 1 other
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Baidu Ventures Partners With Comet Labs to Build AI Ecosystem in the USPR Newswire•Mar 01, 2017•Comet Labs, Baidu
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Robotics startup raises $13.3M to make 'auto-correct for your hands'The Business Journals•Dec 23, 2016•Sky TV network entertainment etc., Shaper Tools, Root Ventures, SOSV and 3 others
