About Definition
Definition is a venture capital firm founded in 2021. It is primarily based out of New York, United States. As of Jul 2026, Definition is an active investor, having invested in 13 companies, with 6 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 $***** Series B round of Simile Overall, Definition portfolio has seen 3 unicorns, namely Cognition, Decagon and Modal. A lot of funds co-invest with Definition, with names like Bain Capital Ventures sharing a substantial percentage of its portfolio. Definition has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series C & 2 more
Deals in last 12 months
Definition's List of Top Investments
Definition has a portfolio of 13 companies, including 3 unicorns. Their most notable investmentis in SalsaTheir portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 7 other sectors, across stages such as Series A, Series C and 2 more. Here is the list of top investments by Definition:
1. 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: 471 as on Jun 30, 2026
- Investors: Vitruvian Partners, 137 Ventures and 25 Others
- Latest Funding Round: Series D, May 27, 2026, $*****
- Highlight: Editors' Pick
2. Decagon
AI-powered customer experience platform. It enables businesses to build, manage, and optimize intelligent virtual agents across voice, chat, and email channels to deliver personalized, scalable customer support and concierge-style interactions. It enables organizations to create AI-driven concierge experiences that can handle customer interactions across multiple communication channels, including voice, chat, and email, while maintaining consistent and personalized experiences.
Key facts about Decagon
- Founded Year: 2023
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $481M
- Employee Count: 481 as on Jun 30, 2026
- Investors: Bond Capital, Bain Capital Ventures and 27 Others
- Latest Funding Round: Series D, Jan 28, 2026, $*****
- Highlight: Editors' Pick
3. Modal
Provider of serverless platform for developing and deploying AI applications. The platform offers tools for scaling machine learning inference, data processing, and other compute-intensive tasks. It provides features such as autoscaling, container management, and integration with cloud storage solutions. The platform supports various use cases, including generative AI, fine-tuning, and batch processing.
Key facts about Modal
- Founded Year: 2021
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $466M
- Employee Count: 193 as on Jun 30, 2026
- Investors: Creandum, Amplify Partners and 13 Others
- Latest Funding Round: Series C, May 21, 2026, $*****
- Highlight: Editors' Pick
4. Cape
Key facts about Cape
- Founded Year: 2022
- Location: Arlington (United States)
- Stage: Series C
- Total Funding till date: $176M
- Employee Count: 172 as on Jun 30, 2026
- Investors: 137 Ventures, Point72 and 15 Others
- Latest Funding Round: Series C, Mar 19, 2026, $*****
5. Vooma
Provider of an AI-powered platform for freight brokers and carriers. The platform unifies workflows, automating repetitive tasks related to quoting, building loads, scheduling, covering, and tracking. It extracts shipment details from emails, PDFs, and spreadsheets to build loads. The platform also secures appointments and posts loads to various platforms. It monitors shipments and retrieves documentation.
Key facts about Vooma
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $17.1M
- Employee Count: 38 as on Jun 30, 2026
- Investors: Craft Ventures, Operator Stack and 5 Others
- Latest Funding Round: Series A, Dec 02, 2024, $*****
- Highlight: Editors' Pick
Definition's Year-on-Year Investment Trends
Definition has invested in 13 companies over the last 3 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Jul 2026, it has made 5 investments in this year. Its most recent first time investment was in Simile and most recent follow-on round was in Salsa.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 2 | 1 | 3 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
Definition's Investments by Stage
Definition has made 8 investments in Series A stage with an average round size of $30.1M, 2 investments in Series C stage with an average round size of $250M, 1 investment in Series B stage with an average round size of $200M and 1 investment in Series D stage with an average round size of $250M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Series C | 2 |
Series B | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Definition's Investments by Sector
Definition has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Vertical SaaS and Artificial Intelligence - Industry Applications. Notably, it has invested in 12 Enterprise (B2B) companies, 12 Tech companies, 11 Software companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Enterprise Infrastructure | 4 |
High Tech | 4 |
Vertical SaaS | 3 |
Artificial Intelligence - Industry Applications | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Definition's Investments by Geography
Definition has made most investments in United States (12).Definition's recent investments
Definition has made 5 investments in 2026 so far. Simile and TerraFirma are the latest among them.Here are the most recent investments by Definition:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 30, 2026 | United States | Series B | 1712 | [+5] | |
Jul 14, 2026 | United States | Series A | 6115 | [+8] | |
Mar 19, 2026 | United States | Series C | 4098 | ||
Feb 18, 2026 | United States | Series A | 8889 | ||
Jan 28, 2026 | United States | Series D | 1000 | [+12] |
Unicorns in Definition's Portfolio
Definition has 3 unicorns in its portfolio - Modal, Decagon and Cognition. The most recent unicorn in their portfolio is Modal. It became a unicorn in 2025, 2 years after Definition first invested in it.Here is a list of unicorns in Definition's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of serverless platform for developing and deploying AI applications | 2021 | New York City | Series C | lfvhcof | ||
72 | AI-powered customer experience platform | 2023 | San Francisco | Series D | uabsxrm | ||
72 | Developer of an AI software engineer designed to automate coding | 2023 | San Francisco | Series D | ngtjywc |
Team profile of Definition
Definition has a team of 4 members including 2 Partners located in United States. Definition's team does not sit on the board of any company as of now.Co-investors of Definition
Over the past 3 years, 126 investors have co-invested in Definition's portfolio companies. This includes funds and angels.
- Invested before Definition: Bain Capital Ventures, A Star and 50 others have invested in rounds before Definition. There are 3 companies where Bain Capital Ventures has invested before Definition and 3 companies where A Star has invested before Definition.
- Top Co-investors of Definition: 54 investors entered a company along with Definition. These include investors like Bain Capital Ventures (3 companies).
- Invested after Definition: A total of 20 investors have invested in Definition's portfolio after their investments. Top Investors include General Catalyst (2 companies), Alpha Wave Global (1 company) and Ribbit Capital (1 company).
Recent News related to Definition
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New York-based web 3.0 startup Tactic raises USD 11 million in fundingVcbay News•Oct 01, 2022•Tactic, FTX, Lux Capital, Exponent and 4 others
