Venture capital firm
Eclipse portfolio
eclipse.capitalEclipse is a venture capital firm based in Palo Alto, United States, founded in 2014. It has invested in 79 venture-backed companies across 131 funding rounds on VCMC, and led 62 of those rounds. 27 of them were in the last 12 months.
79
Venture-backed companies
in its portfolio on VCMC
131
Funding rounds
led 62
27
Last 12 months
rounds, Oct 2025 to Sep 2026
23
With a disclosed valuation
of 79 companies
$96.6B
Combined value of its private companies
the whole companies, not what Eclipse owns
79 private companies Eclipse has backed have a VCMC valuation; together they are worth $96.6B. That is the value of the whole companies, not what Eclipse owns. Gusto is 19% of the total. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Eclipse's most valuable portfolio companies
The 10 most valuable private companies Eclipse has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Gusto Tech Companies, San Francisco $18.0B range $7.1B – $20.7B Joined at Series B, 2015
- 2 Verkada Alarms, Surveillance & Security Systems, San Mateo $7.6B range $5.0B – $9.0B Joined at Series E, 2025
- 3 Redwood Materials Batteries, Carson City $6.5B range $5.2B – $7.7B Led at Series E, 2026
- 4 Tenstorrent Device Manufacturing, Santa Clara $6.2B range $5.4B – $9.3B Joined at Series B, 2019
- 5 Cellares Pharmaceutical Products, South San Francisco $4.0B range $2.3B – $6.1B Led at Series B, 2021
- 6 Device Manufacturing, Emeryville $3.7B range $2.6B – $6.7B Led at Series A, 2023
- 7 VulcanForms Metal Fabrication Services, Harvard $3.5B range $1.9B – $5.8B Led at Growth, 2022
- 8 Tech Companies, San Francisco $3.2B range $2.6B – $5.2B Joined at Series A, 2026
- 9 Antora Batteries, Sunnyvale $2.6B range $2.1B – $3.7B Led at Series C, 2026
- 10 True Anomaly Aerospace and Defence, Centennial $2.6B range $1.9B – $3.6B Led at Series A, 2023
Portfolio
Full Eclipse portfolio (79 companies)
79 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Redwood Materials Batteries · led at Series E, 2026 | Series E Jan 2026 $425M | $6.5B | $5.2B – $7.7B | $6.0B (-8%) | $844M | 54% | 760 | flat | A | |
| 2 | Tenstorrent Device Manufacturing · since Series B, 2019 | Series E Oct 2026 $1.50B | $6.2B | $5.4B – $9.3B | $8.1B (+30%) | $887M | 0% | 1,280 | growing | A | |
| 3 | Wayve Tech Companies · led at Series A, 2019 | Series D Apr 2026 $60M | $801M | $464M – $1.4B | $918M (+15%) | $110M | 0% | 1,034 | growing | B | |
| 4 | True Anomaly Aerospace and Defence · led at Series A, 2023 | Series D Apr 2026 $650M | $2.6B | $1.9B – $3.6B | $3.1B (+20%) | $345M | 0% | 502 | growing | B | |
| 5 | Antora Batteries · led at Series C, 2026 | Series C Jul 2026 $550M | $2.6B | $2.1B – $3.7B | $3.2B (+23%) | $355M | 0% | 273 | growing | A | |
| 6 | Verkada Alarms, Surveillance & Security Systems · since Series E, 2025 | Growth Equity Dec 2025 $100M | $7.6B | $5.0B – $9.0B | $7.8B (+3%) | $702M | 0% | 6,345 | growing | A | |
| 7 | Gusto Tech Companies · since Series B, 2015 | Series E Aug 2021 $175M | $18.0B | $7.1B – $20.7B | $18.0B (0%) | $2.0B | 0% | 8,228 | growing | B | |
| 8 | Veev Home Builders & Renovation Contractors · since Series B, 2020 | Series D Mar 2022 $400M | $661M | $83.2M – $1.3B | $608M (-8%) | $146M | 23% | 286 | flat | D | |
| 9 | Cellares Pharmaceutical Products · led at Series B, 2021 | Series D Jan 2026 $257M | $4.0B | $2.3B – $6.1B | $4.3B (+8%) | $470M | 0% | 327 | up | B | |
| 10 | VulcanForms Metal Fabrication Services · led at Growth, 2022 | Series D Jan 2026 $220M | $3.5B | $1.9B – $5.8B | $3.8B (+9%) | $423M | 0% | 303 | growing | B | |
| 11 | Skyryse Aircraft Parts & Services · since Series B, 2021 | Series C Feb 2026 $300M | $1.4B | $1.0B – $1.7B | $1.5B (+7%) | $162M | 0% | 197 | flat | A | |
| 12 | ALSO Automobile Dealers & Manufacturers · since Series B, 2025 | Series D Aug 2026 $150M | $2.0B | $1.2B – $3.7B | $2.4B (+24%) | $268M | 0% | 372 | growing | B | |
| 13 | Muon Space Aerospace and Defence · led at Series C, 2026 | Series C Aug 2026 $250M | $1.6B | $1.3B – $2.3B | $2.0B (+26%) | $218M | 0% | 330 | growing | A | |
| 14 | Campus Colleges & Universities · since Series B, 2025 | Series B Mar 2025 $46M | $474M | $163M – $673M | $474M (0%) | $52.2M | 0% | 310 | unknown | C | |
| 15 | Tech Companies · led at Series A, 2021 | Series C Jan 2025 $43M | $552M | $293M – $848M | $547M (-1%) | $61.6M | 3% | 200 | growing | B | |
| 16 | Tech Companies · since Series A, 2020 | Series C Oct 2024 $27M | $222M | $86.4M – $424M | $182M (-18%) | $33.2M | 59% | 44 | flat | C | |
| 17 | Tech Companies · led at Series A, 2022 | Series B Jun 2025 $44M | $510M | $236M – $776M | $510M (0%) | $56.1M | 0% | 136 | growing | B | |
| 18 | Tech Companies · led at Series A, 2022 | Series B Nov 2025 $40M | $460M | $206M – $717M | $471M (+3%) | $51.8M | 0% | 94 | growing | C | |
| 19 | Consumer Electronics Company · led at Series A, 2021 | Series A Sep 2021 $49M | $161M | $13.4M – $577M | $145M (-10%) | $68.3M | 32% | 19 | flat | D | |
| 20 | Tech Companies · led at Series A, 2021 | Other Jan 2024 $12M | $23.1M | $6.84M – $74.9M | $22.1M (-4%) | $24.5M | 97% | 35 | shrinking | D | |
| 21 | Tech Companies · since Seed, 2024 | Series A Feb 2026 $30M | $225M | $105M – $382M | $269M (+19%) | $37.6M | 0% | 36 | growing | C | |
| 22 | Tech Companies · since Series A, 2025 | Series A Jan 2025 $13M | $160M | $53.7M – $243M | $160M (0%) | $22.4M | 0% | 82 | up | C | |
| 23 | Tech Companies · led at Series A, 2021 | Series A Nov 2021 $12M | $31.7M | $4.49M – $141M | $30.6M (-4%) | $17.5M | 59% | 26 | flat | D | |
| 24 | Batteries · led at Seed, 2025 | Seed Sep 2025 $9.0M | $127M | $40.7M – $194M | $127M (0%) | $22.9M | 0% | 21 | up | C | |
| 25 | Tech Companies · led at Seed, 2022 | Seed May 2022 $8.7M | $72.1M | $4.39M – $163M | $70.1M (-3%) | $21.1M | 19% | 31 | unknown | D | |
| 26 | Tech Companies · since Seed, 2026 | Seed Feb 2026 $6.0M | $77.1M | $32.8M – $152M | $99.9M (+30%) | $18.0M | 0% | 11 | growing | C | |
| 27 | Tech Companies · led at Seed, 2024 | Seed Dec 2024 $5.5M | $55.1M | $14.5M – $98.5M | $47.5M (-14%) | $13.2M | 29% | 15 | flat | C | |
| 28 | Tech Companies · led at Seed, 2024 | Seed Mar 2024 $5.3M | $14.9M | $8.56M – $29.8M | $8.45M (-43%) | $12.1M | 97% | 8 | shrinking | C | |
| 29 | Tech Companies · led at Seed, 2017 | Seed Nov 2017 $2.0M | $5.45M | $0.53M – $24.5M | $5.44M (0%) | $2.88M | 97% | 21 | shrinking | D | |
| 30 | Device Manufacturing · led at Series A, 2023 | Series D Oct 2026 $445M | $3.7B | $2.6B – $6.7B | $4.8B (+29%) | $523M | 0% | 128 | growing | B | |
| 31 | Aircraft Parts & Services · led at Series B, 2020 | Series D Oct 2026 $115M | $1.0B | $869M – $1.5B | $1.3B (+30%) | $143M | 0% | 258 | growing | A | |
| 32 | Tech Companies · since Series A, 2026 | Series B Sep 2026 $300M | $3.2B | $2.6B – $5.2B | $4.5B (+42%) | $495M | 0% | 65 | growing | B | |
| 33 | Telecommunications · since Series C, 2019 | Series D Feb 2022 $200M | $903M | $66.4M – $1.8B | $903M (0%) | $172M | 0% | 120 | unknown | D | |
| 34 | Tech Companies · led at Series B, 2017 | Series F Feb 2025 $75M | $1.0B | $582M – $1.4B | $879M (-15%) | $140M | 49% | 351 | flat | B | |
| 35 | Tech Companies · led at Series B, 2026 | Series B Jul 2026 $50M | $401M | $232M – $806M | $529M (+32%) | $58.2M | 0% | 142 | growing | C | |
| 36 | Tech Companies · led at Series A, 2018 | Series C Jun 2024 $126M | $1.2B | $366M – $2.1B | $963M (-23%) | $165M | 28% | 264 | flat | C | |
| 37 | Aerospace and Defence · led at Series D, 2023 | Series E Nov 2025 $100M | $1.6B | $821M – $2.5B | $1.6B (+2%) | $179M | 0% | 330 | unknown | B | |
| 38 | Tech Companies · since Series A, 2025 | Series B Oct 2026 $250M | $1.5B | $1.3B – $2.6B | $2.3B (+47%) | $248M | 0% | 65 | growing | B | |
| 39 | Tech Companies · since Series A, 2016 | Growth Equity Jan 2021 $190M | $1.0B | $87.6M – $1.8B | $1.0B (0%) | $155M | 0% | 241 | flat | D | |
| 40 | Tech Companies · led at Series A, 2015 | Series E Jul 2025 $50M | $643M | $344M – $1.0B | $529M (-18%) | $87.1M | 63% | 131 | down | B | |
| 41 | Tech Companies · since Series A, 2026 | Series A Mar 2026 $200M | $1.7B | $825M – $3.4B | $2.3B (+31%) | $316M | 0% | 120 | growing | C | |
| 42 | Industrial Machinery & Supplies · since Series B, 2024 | Series C Jan 2026 $120M | $1.3B | $768M – $2.0B | $1.4B (+7%) | $156M | 0% | 190 | growing | B | |
| 43 | Medical Supply Manufacturers · led at Seed, 2021 | Series B Jun 2025 $125M | $1.1B | $522M – $1.6B | $1.1B (0%) | $153M | 0% | 136 | up | B | |
| 44 | Tech Companies · led at Series A, 2019 | Other Jan 2026 $13M | $168M | $50.2M – $1.4B | $152M (-10%) | $102M | 97% | 137 | down | D | |
| 45 | Electronical Components Manufacturing · led at Seed, 2024 | Series B Sep 2026 $97M | $668M | $565M – $1.1B | $975M (+46%) | $107M | 0% | 67 | growing | B | |
| 46 | Batteries · led at Seed, 2023 | Series B Oct 2026 $108M | $746M | $524M – $1.6B | $1.1B (+50%) | $123M | 0% | 213 | growing | B | |
| 47 | Boats services & dealers · led at Series A, 2021 | Series C Mar 2026 $50M | $540M | $306M – $922M | $605M (+12%) | $66.6M | 0% | 1,966 | growing | B | |
| 48 | Medical Supply Manufacturers · led at Series B, 2023 | Series C Dec 2024 $110M | $1.2B | $711M – $1.8B | $1.2B (0%) | $136M | 0% | 104 | growing | B | |
| 49 | Tech Companies · since Series A, 2026 | Series A Apr 2026 $125M | $958M | $456M – $1.9B | $1.3B (+30%) | $175M | 0% | 61 | unknown | C | |
| 50 | Insurance - Agents, Carriers & Brokers · led at Series B, 2025 | Series C Oct 2026 $70M | $1.0B | $869M – $1.5B | $1.3B (+29%) | $143M | 0% | 78 | growing | A |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Eclipse invests: stages, industries and countries
Most of its rounds are Series A (28%). Its companies span 29 industries, most in Tech Companies, Batteries and Aerospace and Defence, across 5 countries.
Rounds by stage
- Pre-seed 1
- Seed 20
- Series A 37
- Series B 36
- Series C and later 37
Investments by industry
- Tech Companies 38
- Batteries 4
- Aerospace and Defence 3
- Aircraft Parts & Services 2
- Automobile Dealers & Manufacturers 2
- Boats services & dealers 2
- Device Manufacturing 2
- Electronical Components Manufacturing 2
Investments by country
- United States 72
- Canada 3
- Israel 2
- Switzerland 1
- United Kingdom 1
Recent rounds
Eclipse's latest investments
Eclipse's most recent funding rounds, newest first. 27 rounds in the last 12 months.
- Series B $108M 21 Oct 2026
- Tenstorrent Series E $1.50B 19 Oct 2026
- Series C $70M 15 Oct 2026
- Series D, led $445M 9 Oct 2026
- Series B $250M 6 Oct 2026
- Series B $97M 29 Sep 2026
- Pre-seed, led $15M 24 Sep 2026
- Series B $300M 4 Sep 2026
- Muon Space Series C, led $250M 20 Aug 2026
- ALSO Series D $150M 19 Aug 2026
Co-investors
Eclipse's top co-investors
The investors that most often join the same rounds as Eclipse. First Round leads, with 10 rounds together.
- 10 rounds together
- 10 rounds together
- Menlo Ventures 10 rounds together
- Insight Partners 8 rounds together
- Andreessen Horowitz 7 rounds together
- 6 rounds together
- Qualcomm Ventures 6 rounds together
- Founders Fund 6 rounds together
- Lowercarbon Capital 6 rounds together
- General Catalyst 6 rounds together
About
About Eclipse
Eclipse Operations, LLC is an American venture capital firm engaged in supporting entrepreneurs and startups in the transformation of physical industries through digital transformation and physical artificial intelligence. The company provides administrative and operational services to its portfolio companies, with a focus on sectors such as space access, digital manufacturing, AI computing, healthcare, and transportation. Eclipse also operates a platform, RideCo, that enables on-demand transit services to address travel challenges for riders and agencies.
Description from Veridion's company data.
- Founded
- 2014
- Based in
- Palo Alto, United States
- Team
- 271 people, +29% in a year
- Type
- Venture capital firm
Focus markets
- Manufacturing
- Supply Chain
- Logistics
- Energy
- Healthcare
- Defense
- Transportation
- Construction
- Agriculture
- Mining
What Eclipse offers
- Venture Capital Investment Services
- Digital Transformation Consulting
- Physical AI Solutions Development
- Industry-Specific Digital Transformation Services
- Manufacturing Digital Transformation Services
- Supply Chain Digital Transformation Services
- Logistics Digital Transformation Services
- Energy Industry Digital Transformation Services
Questions
Eclipse: frequently asked questions
How many companies has Eclipse invested in?
79 venture-backed companies on VCMC, across 131 funding rounds.
What are Eclipse's most valuable private companies?
Gusto ($18.0B), Verkada ($7.6B), Redwood Materials ($6.5B), by VCMC's valuation.
What was Eclipse's latest investment?
Peak Energy, a Series B round in Oct 2026 of $108M.
Which stages does Eclipse invest in?
Eclipse invests most often at Series A (37 rounds), followed by Series C and later (37) and Series B (36). It has also joined 20 seed and 1 pre-seed rounds.
What is Eclipse's portfolio worth?
Its private companies with a VCMC valuation are worth $96.6B together. That is the sum of the companies' values, not what Eclipse owns.
Who does Eclipse invest alongside?
First Round (10 rounds), Riot Ventures (10 rounds), Menlo Ventures (10 rounds).