About Open X Innovations
Open X Innovations is a venture capital firm founded in 2018. It is primarily based out of San Francisco, United States. It primarily invests in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and High Tech. Overall, Open X Innovations portfolio has seen 1 unicorn, 7 IPOs and 10 acquisitions including key companies like Workday, Palo Alto Networks and CareDx. Open X Innovations has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Portfolio IPOs
Portfolio Unicorns
Open X Innovations' List of Top Investments
Open X Innovations has a portfolio of 19 companies, one of which is a Unicorn. Their most notable investments include Workday and Palo Alto Networks.Their portfolio spans across United States and South Korea. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 8 other sectors. Here is the list of top investments by Open X Innovations:
1. Workday
Developer of cloud software for human resources finance and operations. The software provides tools for managing workforce planning, payroll, financial accounting, and contract lifecycle management. The platform integrates data across business functions to assist with organizational management and administrative tasks. It includes artificial intelligence capabilities designed to automate workflows and support decision-making processes for enterprise management.
Key facts about Workday
- Founded Year: 2005
- Location: Pleasanton (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $352M
- Employee Count: 21,000 as on Jan 31, 2026
- Investors: Janus Henderson Investors, T. Rowe Price and 11 Others
- Latest Funding Round: Post IPO, May 15, 2013, $*****
- Highlight: Public
Provider of cybersecurity platforms, threat intelligence, and incident response services. The business delivers network and cloud security, along with security operations platforms. It offers threat intelligence and incident response to guide before, during, and after incidents. The business provides solutions to secure networks, clouds, and applications.
Key facts about Palo Alto Networks
- Founded Year: 2005
- Location: Santa Clara (United States)
- Annual Revenue: $1B+ as on Jul 31, 2025
- Stage: Public
- Total Funding till date: $65.7M
- Employee Count: 22,313 as on May 31, 2026
- Investors: Icon Ventures, Northgate Capital and 26 Others
- Latest Funding Round: Post IPO, Aug 15, 2018, $*****
- Highlight: Public
3. CareDx
Developer of medical solutions for transplant patients. It has developed precision medicine solutions that offer products, testing services, and digital healthcare solutions along with the pre-and post-transplant patient journey. It provides AlloSure products for a kidney transplant. It is a non-invasive donor-derived cell-free DNA test for identifying kidney injury. It can determine active rejection, enabling better management of your kidney transplant patients. Other products include heart transplants, lab products, remotrac, and others.
Key facts about CareDx
- Founded Year: 1998
- Location: Brisbane (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $138M
- Employee Count: 823 as on May 31, 2026
- Investors: Integral Capital Partners, Intel and 24 Others
- Latest Funding Round: Conventional Debt, Mar 01, 2018, $*****
- Highlight: Public
4. Bloom Energy
Provider of solid oxide fuel cell technology. It enables distributed generation of electricity and the production of hydrogen.
Key facts about Bloom Energy
- Founded Year: 2001
- Location: San Jose (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $973M
- Employee Count: 2,251 as on May 31, 2026
- Investors: Western Technology Investment, SeedFord Partners and 49 Others
- Latest Funding Round: Post IPO, Aug 07, 2020, $*****
- Highlight: Public
5. Carbon
Provider of three-dimensional printing services using design software and advanced materials. They offer a platform that integrates software, hardware, and materials for product development and manufacturing. The company provides solutions for industries including automotive, industrial, medical, and consumer goods. It supports the creation of custom parts, prototypes, and end-use products.
Key facts about Carbon
- Founded Year: 2013
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $742M
- Employee Count: 517 as on May 31, 2026
- Investors: Fidelity Investments, Silver Lake and 43 Others
- Latest Funding Round: Series E, Nov 12, 2025, $*****
- Highlight: Editors' Pick
Unicorns in Open X Innovations' Portfolio
Open X Innovations has 1 unicorn in its portfolio - Carbon. The most recent unicorn in their portfolio is Carbon which became a unicorn in 2019, 7 years before Open X Innovations first invested in it.Here is a list of unicorns in Open X Innovations' portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of three-dimensional printing services using design software and advanced materials | 2013 | Redwood City | Series E | vupyq{v |
IPOs and Publicly Listed companies in Open X Innovations' Portfolio
7 of Open X Innovations' portfolio companies have become public. Rigetti Computing got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2022 and Bloom Energy got listed on the New York Stock Exchange (NYSE) at marketcap of $1.59B.Here are Open X Innovations' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 02, 2022 | - | - | 5302 | |
Jun 12, 2018 | - | - | 2999 | |
Jul 17, 2014 | - | - | 5065 | |
Oct 12, 2012 | - | - | 9112 | |
Jul 20, 2012 | - | - | 5095 |
Acquired companies in Open X Innovations' Portfolio
10 companies from Open X Innovations' portfolio have been acquired. The most recent acquisition was Centage in Apr 2023 by Scaleworks for $*****.Here are Open X Innovations' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 26, 2023 | - | - | 4108 | |
Jan 04, 2023 | - | - | 4152 | |
Apr 11, 2022 | - | - | 8233 | |
May 28, 2019 | - | - | 6582 | |
Jan 05, 2018 | - | - | 7572 |
