Next47
VC / CVC
2016
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Palo Alto, California, United States
Investment Ticket
Investment Horizon
Investment Stage
Exit Strategy
Profile
Next47 is a venture capital firm founded in 2016, headquartered in Palo Alto, California, with additional offices in Munich, London, and Tel Aviv. The firm is backed by Siemens and focuses on investing in enterprise technology companies. The team consists of around 20 professionals, including key figures like Lak Ananth, the founder and CEO. Next47 distinguishes itself by investing when the product speaks loudest, partnering with bold builders to help them grow from belief to scale.
Next47 primarily invests in sectors such as systems, infrastructure, and applications that leverage artificial intelligence. The firm typically invests in Series A to Series B rounds, with check sizes ranging from $2 million to $40 million. Their geographical focus includes North America, Europe, and Israel. Notable funds include their initial fund launched in 2016, with a focus on enterprise tech and industrial tech sectors.
Notable investments by Next47 include Verkada - a cloud-based physical security platform, Skydio - an AI-powered drone company, VAST Data - an AI operating system platform, BuildOps - a commercial contracting platform, and Tractian - an AI-driven predictive maintenance company.
