About Conviction
Conviction is a venture capital firm founded in 2022. It is primarily based out of San Francisco, United States. As of Mar 2026, Conviction is an active investor, having invested in 44 companies, with 19 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series G round of Harvey Overall, Conviction portfolio has seen 8 unicorns and 2 acquisitions including key companies like Mistral AI, OpenEvidence and Harvey. A lot of funds co-invest with Conviction, with names like General Catalyst sharing a substantial percentage of its portfolio. Conviction has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Conviction's List of Top Investments
Conviction has a portfolio of 44 companies, including 8 unicorns. Their most notable investments are in Corridor and Inventex.Their portfolio spans across United States, France, Israel and 1 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 10 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Conviction:1. Mistral AI
Developer of frontier AI models, assistants, agents, and related services. It builds tailored AI systems for organizations. The company offers tools to train, fine-tune, and build open source models. It provides enterprise agents with orchestration, tooling, and safety features. The company enables private deployments on-premises, cloud, edge, and devices, while retaining data control. It delivers assistance from AI scientists across deployment, solutioning, and safety.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $3.05B
- Employee Count: 934 as on Mar 31, 2026
- Investors: Index Ventures, Credit Agricole CIB and 46 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: Cambridge (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $735M
- Employee Count: 111 as on Mar 31, 2026
- Investors: Meritech, Google Ventures and 20 Others
- Latest Funding Round: Series D, Jan 21, 2026, $*****
3. Harvey
AI powered legal research assistant for law firms. It allows users to ask question in natural language, and the AI generates answers based on user speicifcations. The platform enables users to convert documents into data to analyze it in real time. 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: 1,191 as on Mar 31, 2026
- Investors: GIC, Google Ventures and 18 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 C
- Total Funding till date: $696M
- Employee Count: 305 as on Mar 31, 2026
- Investors: Bain Capital Ventures, Lux Capital and 10 Others
- Latest Funding Round: Series C, Aug 14, 2025, $*****
- 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: 259 as on Mar 31, 2026
- Investors: Sapphire Ventures, IVP 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 44 companies over the last 3 years, with an average of 14 new investments annually in the last 3 years. In 2025, it made 24 investments, while as of Mar 2026, it has made 11 investments in this year. Its most recent first time investment was in Latent and most recent follow-on round was in Harvey.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 5 | 11 |
2025 | 22 | 2 | 24 |
2024 | 10 | 1 | 11 |
2023 | 4 | 0 | 4 |
Conviction's Investments by Stage
Conviction has made 18 investments in Seed stage with an average round size of $126M, 17 investments in Series A stage with an average round size of $53.1M, 4 investments in Series B stage with an average round size of $103M, 2 investments in Series C stage with an average round size of $57.5M and 1 investment in Series D stage with an average round size of $300M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 17 |
Series B | 4 |
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 42 Software companies, 42 Tech companies, 40 Enterprise (B2B) companies and at least 28 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 37 |
High Tech | 16 |
Vertical SaaS | 6 |
Enterprise Infrastructure | 5 |
Artificial Intelligence - Industry Applications | 4 |
Others | 18 |
Note: We have considered here, only first round of investments
Conviction's Investments by Geography
Conviction has made most investments in United States (38), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 38 |
France | 1 |
Israel | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Conviction's recent investments
Conviction has made 11 investments in 2026 so far. Harvey and Corridor are the latest among them.Here are the most recent investments by Conviction:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 24, 2026 | United States | Series G | 6322 | [+6] | |
Mar 19, 2026 | United States | Series A | 2017 | [+6] | |
Mar 19, 2026 | United States | Series A | 1926 | [+4] | |
Mar 12, 2026 | United States | Series B | 3134 | [+4] | |
Mar 12, 2026 | Israel | Series A | 3781 |
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 |
|---|---|---|---|---|---|---|---|
54 | Developer of a home robot designed to perform household tasks | 2024 | Mountain View | Series B | syxhhvz | ||
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | ujrisfq | ||
65 | Developer of autonomous coding systems | 2025 | New York City | Series B | {lcmtlm | ||
66 | Platform offering low code based ML powered application development software | 2019 | San Francisco | Series E | rxihhqj | ||
79 | AI powered medical search platform for healthcare professionals | 2021 | Cambridge | Series D | lzfsvec |
Acquired companies in Conviction's Portfolio
2 companies from Conviction's portfolio have been acquired. The most recent acquisition was Seek in Jun 2025 by IBM 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 03, 2025 | Jan 11, 2023 | Seed | 9063 | |
Feb 24, 2025 | Oct 03, 2024 | Series A | 5955 |
Team profile of Conviction
Conviction has a team of 4 members including 2 Partners and 2 Principals located in United States. Conviction's team sits on the board of 3 companies.Here is a list of all team members in Conviction:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | |||
Partner | Philadelphia | |||
Principal | - | - | ||
Principal | - | - | - |
Co-investors of Conviction
Over the past 3 years, 326 investors have co-invested in Conviction's portfolio companies. This includes funds and angels.
- Invested before Conviction: Sequoia Capital, Y Combinator and 52 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: 189 investors entered a company along with Conviction. These include investors like General Catalyst (5 companies).
- Invested after Conviction: A total of 83 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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Harvey AI Raises $200M at $11B ValuationTime•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
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Bold Security and Onyx Security raise $40M each to tackle emerging AI cybersecurity risksSiliconAngle•Mar 13, 2026•Bold Security, Onyx, Conviction, Cyberstarts and 3 others
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Sunday Reaches $1.15B Valuation to Build Household Robots After $165M Series BTechCrunch+•Mar 12, 2026•Coatue, Tiger Global Management, Benchmark, Bain Capital Ventures and 6 others
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Rowspace Raises $50M in Seed and Series A FundingFinSMEs•Feb 25, 2026•Rowspace, Sequoia Capital, Conviction, Twine and 3 others
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Stanford duo joins AI scientist race with startup backed by a16z and MenloEndpoints•Feb 03, 2026•Andreessen Horowitz, Menlo Ventures, Conviction, Zetta Venture Partners and 2 others
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Day AI Secures $20M Series A to Reimagine Enterprise CRM Through Autonomous IntelligenceWebProNews•Feb 02, 2026•Day.ai, Sequoia Capital, Sound Ventures, Conviction and 2 others
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Listen Labs raises $69M after viral billboard hiring stunt to scale AI customer interviewsVentureBeat•Jan 16, 2026•Listen Labs, Ribbit Capital, Sequoia Capital, Conviction and 2 others
