About SIP Global Partners
SIP Global Partners is a venture capital firm founded in 2019. It is primarily based out of New York City, United States. As of Feb 2025, SIP Global Partners has invested in 16 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Energy Tech. Most recently it participated in the $***** Series B round of EnCharge Overall, SIP Global Partners portfolio has seen 2 unicorns and 1 IPO, namely Lightmatter, Kodiak Robotics and Illumio. A lot of funds co-invest with SIP Global Partners, with names like Xerox Ventures sharing a substantial percentage of its portfolio. SIP Global Partners has team of 9 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
SIP Global Partners' List of Top Investments
SIP Global Partners has a portfolio of 16 companies, including 2 unicorns. Their most notable investments are in Realtime Robotics and Seurat.Their portfolio spans across and United States. They have invested in High Tech, Enterprise Applications, Energy Tech and 13 other sectors, across stages such as Series B, Series A and 2 more. Here is the list of top investments by SIP Global Partners:1. Lightmatter
Developer of photonic interconnects and co-packaged optics for AI infrastructure. The company’s technology addresses data center bottlenecks by connecting XPUs and switches. It offers solutions with lane speeds from 56G NRZ to 448G PAM4, bidirectional or unidirectional, and up to 16 wavelengths. The company also promotes open standards to drive adoption of advanced optical interconnect technologies.
Key facts about Lightmatter
- Founded Year: 2017
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $850M
- Employee Count: 363 as on Jul 31, 2026
- Investors: T. Rowe Price, Fidelity Investments and 16 Others
- Latest Funding Round: Series D, Oct 11, 2024, $*****
- Highlight: Editors' Pick
Developer of AI-powered ground autonomy solutions for trucking, defense, industrial. It develops integrated driverless technology for heavy trucks, combining advanced artificial intelligence, perception systems, and vehicle hardware. The technology combines artificial intelligence, modular hardware, and offboard services into an integrated platform. It focuses on creating solutions to transform transportation and enhance efficiency.
Key facts about Kodiak Robotics
- Founded Year: 2018
- Location: Palo Alto (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $165M
- Employee Count: 381 as on Jul 31, 2026
- Investors: TriplePoint Capital, Aliya and 16 Others
- Latest Funding Round: Post IPO, May 07, 2026, $*****
- Highlight: Public
3. Illumio
Provider of breach containment and AI cloud detection and response. The platform identifies risks, detects attacks, and contains threats. It offers solutions for security leadership, infrastructure security, and security operations. The company provides resources such as a resource center, blog, certifications, events, glossary, podcasts, and webinars.
Key facts about Illumio
- Founded Year: 2013
- Location: Sunnyvale (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $566M
- Employee Count: 931 as on Jul 31, 2026
- Investors: Glynn Capital, Harmony Partners and 33 Others
- Latest Funding Round: Series F, Jun 23, 2021, $*****
- Highlight: Editors' Pick
4. EnCharge
Developer of hardware and software for edge-to-cloud artificial intelligence compute. The company provides hardware and software designed for orchestration between on-device and cloud deployments. It offers chiplets, ASICs, and standard form-factor PCIe cards. The company's technology integrates into diverse form factors, enabling artificial intelligence capabilities in partner and customer solutions.
Key facts about EnCharge
- Founded Year: 2022
- Location: Santa Clara (United States)
- Stage: Series B
- Total Funding till date: $144M
- Employee Count: 108 as on Jul 31, 2026
- Investors: Vanderbilt University, Morgan Creek Capital Management and 19 Others
- Latest Funding Round: Series B, Feb 13, 2025, $*****
- Highlight: Editors' Pick
Developer of industrial AI software for robotic workcell automation solutions. The company provides cloud-based path planning and AI optimization tools. These tools are designed to streamline motion planning and control. The software aims to optimize cycle times, interlocks, and robot task allocation.
Key facts about Realtime Robotics
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $86.3M
- Employee Count: 61 as on Jul 31, 2026
- Investors: Mirai Creation Fund, Duke University and 21 Others
- Latest Funding Round: Series B, May 24, 2024, $*****
- Highlight: Editors' Pick
SIP Global Partners' Year-on-Year Investment Trends
SIP Global Partners has invested in 16 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in EnCharge and most recent follow-on round was in Lightmatter.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 1 | 2 | 3 |
2022 | 4 | 0 | 4 |
2021 | 3 | 1 | 4 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
SIP Global Partners' Investments by Stage
SIP Global Partners has made 5 investments in Series B stage with an average round size of $81.5M, 3 investments in Series A stage with an average round size of $23.5M, 2 investments in Seed stage with an average round size of $10M and 1 investment in Series D stage with an average round size of $55M.Stage of entry | No. of Investments |
|---|---|
Series B | 5 |
Series A | 3 |
Seed | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
SIP Global Partners' Investments by Sector
SIP Global Partners has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Energy Tech, Enterprise Infrastructure and Environment Tech. Notably, it has invested in 15 Tech companies, 14 Enterprise (B2B) companies, 11 Software companies and at least 7 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 8 |
Enterprise Applications | 3 |
Energy Tech | 2 |
Enterprise Infrastructure | 2 |
Environment Tech | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
SIP Global Partners' Investments by Geography
SIP Global Partners has made most investments in United States (11).SIP Global Partners' recent investments
SIP Global Partners has not made any investment in 2026 so far.Here are the most recent investments by SIP Global Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 13, 2025 | United States | Series B | 7753 | [+12] | |
Jan 10, 2024 | United States | Series C | 5662 | - | |
Oct 30, 2023 | United States | Series C | 2042 | [+9] | |
May 31, 2023 | United States | Series C | 3174 | [+4] | |
Feb 24, 2023 | United States | Seed | 7418 | [+2] |
Unicorns in SIP Global Partners' Portfolio
SIP Global Partners has 2 unicorns in its portfolio - Lightmatter and Illumio. The most recent unicorn in their portfolio is Lightmatter. It became a unicorn in 2023, 2 years after SIP Global Partners first invested in it.Here is a list of unicorns in SIP Global Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Developer of photonic interconnects and co-packaged optics for AI infrastructure | 2017 | Boston | Series D | ajjbfo{ | ||
64 | Provider of breach containment and AI cloud detection and response | 2013 | Sunnyvale | Series F | tfzfwlt |
IPOs and Publicly Listed companies in SIP Global Partners' Portfolio
1 of SIP Global Partners' portfolio company became public - Kodiak Robotics. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025.Here are SIP Global Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 25, 2025 | Nov 10, 2021 | Series B | 3795 |
Team profile of SIP Global Partners
SIP Global Partners has a team of 9 members including 4 Partners and 1 Principal located in United States and Japan. SIP Global Partners' team does not sit on the board of any company as of now.Here is a list of all team members in SIP Global Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Japan | - | ||
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | Tokyo | - | ||
Principal | Los Angeles | - |
Co-investors of SIP Global Partners
Over the past 7 years, 121 investors have co-invested in SIP Global Partners's portfolio companies. This includes funds and angels.
- Invested before SIP Global Partners: Google Ventures, MIT $100K and 57 others have invested in rounds before SIP Global Partners. There is 1 company where Google Ventures has invested before SIP Global Partners and 1 company where MIT $100K has invested before SIP Global Partners.
- Top Co-investors of SIP Global Partners: 40 investors entered a company along with SIP Global Partners. These include investors like Xerox Ventures (2 companies).
- Invested after SIP Global Partners: A total of 22 investors have invested in SIP Global Partners's portfolio after their investments. Top Investors include Aliya (1 company), Fidelity Investments (1 company) and Hewlett Packard Enterprise (1 company).
Recent News related to SIP Global Partners
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EnCharge AI raises $100M to build faster, more efficient AI computing solutions.Business Wire•Feb 13, 2025•EnCharge, Tiger Global Management, Maverick Silicon, SIP Global Partners and 19 others
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Lightmatter Secures $155M to Advance Photonic ComputingSuperbCrew•Dec 21, 2023•Lightmatter, SIP Global Partners
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Seurat Technologies secures $99 million in Series CStartbase•Nov 01, 2023•Seurat, nVentures, Capricorn, NVentures and 17 others
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Lightmatter’s $154 Million Series C Financing RoundGlobal Legal Chronicle•Jun 07, 2023•Lightmatter, SIP Global Partners, Fidelity Investments, Viking Global Investors and 3 others
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Lightmatter Raises $154M in Series C FundingFinSMEs•May 31, 2023•Lightmatter, SIP Global Partners, Fidelity Investments, Viking Global Investors and 2 others
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XL Batteries Raises $10M in Seed-2 FundingFinSMEs•Feb 23, 2023•XL Batteries, Xerox Ventures, Xerox, Catalus Capital and 3 others
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OhmConnect Raises $55M in Series D FundingFinSMEs•Jun 10, 2022•OhmConnect, ClearSky, Sidewalk Infrastructure Partners, Telus and 10 others
