About Definition
Definition is a venture capital firm founded in 2021. It is primarily based out of New York, United States. As of Aug 2026, Definition is an active investor, having invested in 16 companies, with 7 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 Retail. Most recently it participated in the $***** Seed round of Primero AI Overall, Definition portfolio has seen 4 unicorns and 1 acquisition including key companies like Decagon, Modal and Cognition Technologies. 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, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Definition's List of Top Investments
Definition has a portfolio of 16 companies, including 4 unicorns. Their most notable investmentis in SalsaTheir portfolio spans across United States and Mexico. They have invested in Enterprise Applications, High Tech, Retail and 7 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Definition:
1. 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: $476M
- Employee Count: 582 as on Aug 31, 2026
- Investors: Bond Capital, Forerunner Ventures and 27 Others
- Latest Funding Round: Series D, Jan 28, 2026, $*****
- Highlight: Editors' Pick
2. 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: 231 as on Aug 31, 2026
- Investors: Redpoint Ventures, Amplify Partners and 14 Others
- Latest Funding Round: Series C, May 21, 2026, $*****
- Highlight: Editors' Pick
3. Cape
Key facts about Cape
- Founded Year: 2022
- Location: Arlington (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $176M
- Employee Count: 188 as on Aug 31, 2026
- Investors: Point72, 137 Ventures and 15 Others
- Latest Funding Round: Series C, Mar 19, 2026, $*****
Cognitions Natural Language Processing technologies for Semantic technologies add to word and phrase meaning and understanding to computer applications, providing technology or end user with actionable content based upon a semantic knowledge of the language. This understanding results in simultaneously much higher precision and recall of salient data within the universe of possible results. Cognition was acquired by Nuance.
Key facts about Cognition Technologies
- Founded Year: 2003
- Location: Culver City (United States)
- Annual Revenue: $1B+ as on Sep 30, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $4.1B
- Employee Count: 540 as on Jul 31, 2026
- Investors: T. Rowe Price, Vitruvian Partners and 43 Others
- Latest Funding Round: Series E, Sep 08, 2026, $*****
- Highlight: Acquired
5. Footprint
Offering identity and attribute verification solutions. It helps onboarding users, offload handling sensitive data and growing user base securely with one click KYC and secure data vault. It offers unprecedented accuracy, more functionality, and a secure patent pending PII vault.
Key facts about Footprint
- Founded Year: 2022
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $51M
- Employee Count: 36 as on Aug 31, 2026
- Investors: QED Investors, Lerer Hippeau and 14 Others
- Latest Funding Round: Series B, Sep 16, 2026, $*****
- Highlight: Editors' Pick
Definition's Year-on-Year Investment Trends
Definition has invested in 16 companies over the last 3 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Aug 2026, it has made 7 investments in this year. Its most recent first time investment was in Primero AI and most recent follow-on round was in Salsa.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 0 | 7 |
2025 | 2 | 1 | 3 |
2024 | 4 | 0 | 4 |
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 Seed stage with an average round size of $7.45M, 2 investments in Series B stage with an average round size of $200M, 2 investments in Series C stage with an average round size of $250M and 1 investment in Series D stage with an average round size of $250M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Seed | 2 |
Series B | 2 |
Series C | 2 |
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, High Tech, Vertical SaaS, Enterprise Infrastructure and Artificial Intelligence - Industry Applications. Notably, it has invested in 14 Enterprise (B2B) companies, 14 Tech companies, 13 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
High Tech | 6 |
Vertical SaaS | 4 |
Enterprise Infrastructure | 3 |
Artificial Intelligence - Industry Applications | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
Definition's Investments by Geography
Definition has made most investments in United States (14), followed by Mexico where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 14 |
Mexico | 1 |
Note: We have considered here, only first round of investments
Definition's recent investments
Definition has made 7 investments in 2026 so far. Primero AI and Simile are the latest among them.Here are the most recent investments by Definition:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 26, 2026 | Mexico | Seed | 2330 | [+3] | |
Jul 30, 2026 | United States | Series B | 8348 | [+5] | |
Jul 30, 2026 | United States | Series B | 7741 | [+5] | |
Jul 14, 2026 | United States | Series A | 5298 | [+8] | |
Mar 19, 2026 | United States | Series C | 5994 |
Unicorns in Definition's Portfolio
Definition has 4 unicorns in its portfolio - Simile, Applied Compute, Modal and others. The most recent unicorn in their portfolio is Simile. It became a unicorn in 2026.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 |
|---|---|---|---|---|---|---|---|
43 | Developer of artificial intelligence models simulating human behavior at scale | - | Palo Alto | Series B | uztktbu | ||
51 | Provider of AI-powered agents for company-specific data and workflows | 2025 | San Francisco | Series B | syotnam | ||
71 | Provider of serverless platform for developing and deploying AI applications | 2021 | New York City | Series C | jggdfxy | ||
71 | AI-powered customer experience platform | 2023 | San Francisco | Series D | {tqylqm |
Acquired companies in Definition's Portfolio
1 company from Definition's portfolio has been acquired. The most recent acquisition was Cognition Technologies in Jun 2013 by Nuance for $*****.Here are Definition's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2013 | Sep 10, 2025 | Series C | 4913 |
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, 152 investors have co-invested in Definition's portfolio companies. This includes funds and angels.
- Invested before Definition: A Star, Bain Capital Ventures and 54 others have invested in rounds before Definition. There are 3 companies where A Star has invested before Definition and 3 companies where Bain Capital Ventures has invested before Definition.
- Top Co-investors of Definition: 58 investors entered a company along with Definition. These include investors like Bain Capital Ventures (4 companies).
- Invested after Definition: A total of 38 investors have invested in Definition's portfolio after their investments. Top Investors include General Catalyst (2 companies), Accel (2 companies) and Benchmark (2 companies).
Recent News related to Definition
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NewDays AI Dementia Care Platform Raises $16M Seed Round, Expands to NevadaGeekWire•Sep 02, 2026•Madrona, NewDays, General Catalyst, Conviction and 4 others
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Decagon AI secures $250M at $4.5B valuation to expand AI concierge platformSiliconAngle•Jan 29, 2026•Decagon, Block, Avis Budget Group, Affirm and 16 others
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Ramp Secures $500M to Fuel Financial Automation AI AgentPYMNTS.com•Jul 30, 2025•Ramp, Iconiq Capital, D1 Capital Partners, Founders Fund and 24 others
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Footprint Raises $13 Million Series A led by QED Investors to Automate Consumer Onboarding and Make Identity PortableBusiness Wire•May 21, 2024•Footprint, QED Investors, Index Ventures, Lerer Hippeau and 12 others
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Ramp raised $150M at a $7.65B valuationSilicon Valley Journals•Apr 18, 2024•Ramp, Khosla Ventures, Greylock Partners, 8VC and 17 others
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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
