C

Costanoa Ventures

Early-stage investments in AI and security

Overview

Costanoa Ventures is a venture-capital firm that funds early-stage startups in Applied AI, AI Infrastructure, Cybersecurity, National Security, and Fintech. It invests from formation through Series A, and uses its $2.3 billion in assets under management to support a small number of companies more deeply with hands-on guidance and operational help during the critical early growth phase. Compared with many investors, Costanoa focuses on a narrower set of sectors and takes a boutique approach—making fewer investments so it can provide more expertise and active support when it matters most. The firm’s goal is to help founders build companies that have a lasting impact and scale successfully from the earliest stages.

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About Costanoa Ventures

Simplify's Rating
Why Costanoa Ventures is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Venture CapitalFinancial ServicesHealthcare

Company Size

11-50

Company Stage

N/A

Total Funding

$4.4B

Headquarters

Palo Alto, CA

Founded

2012

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Simplify's take

What believers are saying

  • Delphina's 2026 round showed CEOs already use the platform at half of customers.
  • Onos reported 35% better guideline adherence and 75% faster clinical review.
  • Nidus booked over $1 million in four months from defense industrial customers.

What critics are saying

  • Costanoa's national-security bets depend on procurement cycles, and Nidus still lacks named customers.
  • Delphina and Onos sell to executives and payers, inviting fast-follow products from incumbents.
  • If a flagship AI thesis disappoints, Costanoa's applied-AI brand loses founder pull.

What makes Costanoa Ventures unique

  • Costanoa backs applied AI, cybersecurity, and national security, with specialist operator Joe Sullivan.
  • Its July 2026 portfolio spans Delphina, Onos, Nidus, and Sela across regulated markets.
  • Fund V and Opportunity Fund III give Costanoa fresh capital for early-stage ownership.

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Funding

Total Funding

$4.4B

Above

Industry Average

Funded Over

0 Rounds

Company News

PR Newswire
Nov 12th, 2026
Delphina raises $7.5M to bring trusted AI analytics from data teams to CEOs

Delphina, a San Francisco startup that builds AI analytics tools, raised $7.5 million, bringing its total funding to $15 million. Radical Ventures and Costanoa co-led the round, with Tenacity Capital, Fei-Fei Li, Nobel laureate Guido Imbens, and early employees of Anthropic and OpenAI also taking part. The money will fund the Context Factory, a product in which AI agents build and maintain the business context behind trusted answers. It will also pay for growth in go-to-market and customer engineering teams. Business teams now ask 73% of questions on the platform, and CEOs at more than half of its customers use it. At Substack, more than 70% of employees use Delphina. The Context Factory is available now.

Upstarts Media
Nov 10th, 2026
Nidus raises $30M from Kleiner Perkins and Costanoa to build robotics AI for defence

Nidus Technologies, a New York startup building robotics AI for defence manufacturers, has raised $30 million. A pre-seed round was led by Costanoa, and a seed round by Kleiner Perkins. Ludlow Ventures, Absolute Partners and several angels also took part. Founded in March by four former Vannevar hardware team members, Nidus says it has booked more than $1 million with unnamed defence industrial customers in four months. It trains AI models on data from teleoperated robot rigs, starting with wire harnesses. The models run alongside a customer's existing robots, so factories need not rebuild their processes. Nidus will use the money to hire in New York and expand data collection and training. It aims to move into tasks such as kitting, pre-assembly and printed circuit boards.

Costanoa Ventures
Nov 10th, 2026
Costanoa | Agentic AI Infrastructure For National Intelligence

Autonomous Intelligence

Business Wire
Nov 10th, 2026
Lumbra Raises $25M Series A to Scale Agentic AI for High-Consequence Environments

Lumbra, the company building the operating system for AI agents in high-consequence environments, today announced a $25 million Series A co-led by Point72 Ve...

Lumbra
Nov 10th, 2026
Intent to Insight

The operating system for agentic AI in high-consequence environments.

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