Top 14 Venture Capital Firms Investing in Cloud Infrastructure Startups

For founders in the cloud infrastructure and SaaS space, knowing which investors truly understand your business is a critical part of fundraising. The right partner brings more than just capital; they offer specific industry knowledge that can be invaluable as you grow.

To help you find that fit, our team has curated this guide to the top venture capital firms investing in cloud technology. It’s a straightforward overview to help you identify relevant investors for your company, from early-stage to growth-stage rounds.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho also provides access to business banking, corporate cards, and bill pay—built for startup teams moving fast.

Key Takeaways

• For a cloud infrastructure startup, securing venture funding means gaining a partner with deep industry knowledge, not just the capital needed for growth.

• VCs like Race Capital, Thomvest Ventures, Heavybit, and Titanium Ventures are active investors in the cloud infrastructure sector, backing a range of companies.

• Whether you are actively fundraising or have just closed a round, Rho helps you manage your capital with integrated tools for business banking, corporate cards, and bill pay.

Which VC Firms in Cloud Infrastructure Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, knowing the right investors to approach is key. This overview outlines which venture capital firms focus on cloud infrastructure at each stage of growth.

Pre-seed and Seed VC Firms in Cloud Infrastructure

This initial stage is about getting your idea off the ground, typically before you have significant revenue. Technology VC firms like boldstart ventures and Race Capital focus on this phase, providing the first institutional capital for founders building cloud software and infrastructure companies.

Early Stage VC Firms in Cloud Infrastructure

Early-stage funding, often Series A or B, is for companies with product-market fit that are ready to scale their team and customer base. For founders in this phase, Bay Area venture capital firms such as Heavybit and Titanium Ventures are active software investors with a track record in enterprise technology.

Once you secure this funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

Late Stage VC Firms in Cloud Infrastructure

Late-stage rounds are for established companies looking to expand into new markets, make acquisitions, or prepare for an exit like an IPO. Prominent late-stage venture capital firms include Thomvest Ventures and Dell Technologies Capital, which support mature cloud technology companies on their path to significant growth.

It's also worth noting that many firms, including several of the technology-focused venture capital firms listed here, invest across all startup funding stages.

To help you identify the right investors, we've compiled information on the top VC firms in the cloud infrastructure space. Below, you'll find details on their preferred investment stages, locations, and the specific value each firm offers founders.

1. Race Capital

Race Capital is an early-stage venture firm based in Palo Alto, focusing on foundational technology. They primarily invest in seed and early-stage rounds for companies building infrastructure software.

The firm has a strong track record in backing technically complex companies, including being a seed investor in Databricks. Their portfolio also features AI hardware maker Groq and the popular note-taking app Goodnotes, showing a focus on products with significant technical depth.

This firm is a strong potential partner for technical founders creating category-defining infrastructure. If your startup operates in areas like AI, data platforms, or enterprise software, their expertise could be a valuable asset.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Cloud Infrastructure, Enterprise Software, Blockchain, AI
• Geographical presence: Palo Alto, California
• Founded: 2019
• Notable portfolio companies: Databricks, Goodnotes, Groq, Vectara
• Portfolio size: 44 investments

You can refer to their website here.

2. Thomvest Ventures

Thomvest Ventures is a cross-stage venture capital firm that has been investing since 1996. They support companies from early-stage rounds through to post-IPO, with a focus on cloud infrastructure, cybersecurity, and financial services.

A key aspect of their approach is investing across a company's entire lifecycle, from seed to public markets. Their portfolio features major fintech successes like SoFi and Lending Club, alongside DevOps unicorn Harness, indicating a strong focus on both financial technology and enterprise software.

This firm is a good match for founders in fintech or cloud infrastructure seeking a partner for the long haul. Their track record with significant exits, such as Kabbage's acquisition by American Express, shows they can guide companies toward major growth milestones. Once you secure funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Post-IPO, Private Equity, Secondary Market, Debt
• Industries of focus: Cloud Infrastructure, Cyber Security, Financial Services
• Geographical presence: San Francisco, California
• Founded: 1996
• Notable portfolio companies: SoFi, Lending Club, Harness, Kabbage, LoanSnap
• Portfolio size: 135 investments

You can refer to their website here.

3. Heavybit

Heavybit is a venture capital firm based in San Francisco that invests exclusively in developer-first companies. They have a strong reputation for helping technical founders build successful businesses from the ground up.

The firm's focus on developer-centric products is its defining characteristic, backing companies that build tools for software engineers. Their portfolio includes well-known names like PagerDuty, Netlify, and Snyk, demonstrating their success in this specific market.

Heavybit is an ideal partner if you are a technical founder building tools for other developers. Their expertise is most relevant for startups creating developer platforms, APIs, or foundational cloud infrastructure.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Developer APIs, Cloud Infrastructure, Enterprise Software
• Geographical presence: San Francisco, California
• Founded: 2013
• Notable portfolio companies: PagerDuty, CircleCI, Netlify, LaunchDarkly, Snyk
• Portfolio size: 96 investments

You can refer to their website here.

4. Titanium Ventures

Titanium Ventures is a San Francisco-based firm that invests in technology companies across early and late stages. They focus on creating synergy revenues within their portfolio, helping their companies find growth opportunities together.

Their portfolio is marked by significant exits, including the acquisition of Auth0 and the IPOs of GitLab and CrowdStrike. This track record makes them a strong partner for founders in enterprise software, cybersecurity, or cloud infrastructure who are aiming for a large-scale exit.

Once you secure funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Cloud Infrastructure, Cyber Security, Financial Services, Internet of Things
• Geographical presence: San Francisco, California
• Founded: 2011
• Notable portfolio companies: Auth0, GitLab, CrowdStrike, Snap Inc., DocuSign
• Portfolio size: 137 investments

You can refer to their website here.

5. boldstart ventures

boldstart ventures is a seed-stage firm that positions itself as a "day one" partner for technical founders. They invest in developer-first, enterprise infrastructure, and SaaS companies, providing capital from the very beginning.

The firm’s commitment to developer-focused and infrastructure startups is a clear differentiator, backing founders from the earliest stages. Their portfolio includes enterprise data-privacy platform BigID and blockchain infrastructure company Blockdaemon, showing a focus on technically complex products.

boldstart is a great match for highly technical founders building developer tools, cloud infrastructure, or enterprise SaaS products. If you're looking for a hands-on partner from the start of your journey, their "from inception" approach is designed for you.

Once you secure this early funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed
• Industries of focus: Developer Tools, Cloud Infrastructure, Enterprise Software, SaaS, AI, Cyber Security
• Geographical presence: Miami, Florida
• Founded: 2010
• Notable portfolio companies: BigID, Blockdaemon, Superhuman, Hypernative
• Portfolio size: 203 investments

You can refer to their website here.

6. Kindred Ventures

Kindred Ventures is a San Francisco-based venture capital firm that invests from the seed stage onward. They partner with founders to help build companies that have the potential for significant market impact.

The firm is known for backing some of the most recognizable technology brands, including Uber and Coinbase. This track record indicates a focus on companies with the ability to create new categories and achieve massive scale.

Kindred Ventures is a strong potential partner for founders with ambitious, market-defining ideas, particularly in consumer technology, financial services, or cloud infrastructure. Their experience guiding companies toward major exits makes them a valuable ally for those aiming for substantial growth.

Once you secure funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Secondary Market
• Industries of focus: Cloud Infrastructure, Financial Services
• Geographical presence: San Francisco, California
• Founded: 2014
• Notable portfolio companies: Uber, Coinbase, Postmates, Tonal, Blue Bottle Coffee
• Portfolio size: 125 investments

You can refer to their website here.

7. at.inc/

at.inc/ is a venture capital firm based in San Francisco that partners with founders at their company’s earliest stages. They provide seed and early-stage capital across a wide range of technology sectors.

A key characteristic of the firm is its track record of backing companies that achieve successful exits through acquisition by major tech players like Microsoft and Databricks. This suggests a focus on building products with clear strategic value to larger enterprises.

The firm is a strong match for technical founders who are building for an eventual acquisition and need a partner from the very beginning. Their broad industry focus is suitable for companies in cloud infrastructure, fintech, and even hardware.

As you prepare to approach early-stage investors like at.inc/, Rho Capital can help you explore non-dilutive funding options to extend your runway.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Cloud Infrastructure, FinTech, Software, Hardware, Biotechnology
• Geographical presence: San Francisco, California
• Founded: 2015
• Notable portfolio companies: Opendoor, Peer5 (acquired by Microsoft), Cortex (acquired by Databricks)
• Portfolio size: 42 investments

You can refer to their website here.

8. Joule Ventures

Joule Ventures is a venture capital firm that acts as a first-check partner for Israeli founders. They specialize in helping companies commercialize enterprise-grade solutions in U.S. markets.

The firm has a clear strategy of backing companies toward significant exits, with portfolio companies like Cellwize acquired by Qualcomm and BehavioSec by LexisNexis. Their support for Coralogix, a full-stack observability platform, also shows their ability to back companies to unicorn status.

This firm is an excellent fit if you are an Israeli founder with an enterprise-grade solution targeting American customers. Their track record suggests a strong partnership for those building toward a strategic acquisition.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Cloud Infrastructure, Cyber Security, Big Data, Software
• Geographical presence: New York, New York
• Founded: 2010
• Notable portfolio companies: Coralogix, Cellwize (acquired by Qualcomm), BehavioSec (acquired by LexisNexis)
• Portfolio size: 41 investments

You can refer to their website here.

9. Capital One Ventures

Capital One Ventures is the strategic investment arm of Capital One, funding startups that are shaping the future of data, technology, and financial services. They invest in companies that align with the parent company's long-term goals.

The firm's portfolio highlights a focus on high-growth enterprise companies, with major successes like the Snowflake IPO and fintech super-app MoneyLion. Their backing of unicorns like Glean and Aqua Security shows a clear ability to identify and support category leaders.

This firm is a strong fit for founders in enterprise software, data infrastructure, or fintech who are looking for more than just capital. A partnership with Capital One Ventures can provide strategic value and access to a major financial institution's network.

Once you secure a significant round from a firm like Capital One Ventures, our integrated platform at Rho helps you manage that capital with tools for business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Convertible Note
• Industries of focus: B2B, Big Data, Cloud Infrastructure, Enterprise, FinTech
• Geographical presence: San Francisco, California
• Founded: 2014
• Notable portfolio companies: Snowflake, MoneyLion, Melio, Glean, Aqua Security
• Portfolio size: 123 investments

You can refer to their website here.

10. Dell Technologies Capital

As the corporate venture arm of Dell Technologies, Dell Technologies Capital invests in companies from seed to late stage. They focus on backing founders who are building enterprise technology and cloud infrastructure solutions.

The firm's portfolio is defined by a strong history of strategic exits to tech giants like Microsoft (Adallom) and Intel (Barefoot Networks). This focus on building companies with clear acquisition value is complemented by their support for major IPOs, such as Arista Networks.

This firm is an ideal partner for founders developing deep technology in areas like cloud, security, and networking. If your long-term strategy includes a potential acquisition by an enterprise leader, their network and experience are highly relevant.

Once you secure a significant round from a firm like Dell Technologies Capital, our integrated platform at Rho helps you manage that capital with tools for business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Cloud Infrastructure, Enterprise, Software, Financial Services
• Geographical presence: Palo Alto, California
• Founded: 2012
• Notable portfolio companies: Arista Networks (IPO), Adallom (acquired by Microsoft), Barefoot Networks (acquired by Intel)
• Portfolio size: 280 investments

You can refer to their website here.

11. Data Point Capital

Data Point Capital is a Boston-based venture fund that invests in internet companies. The firm is non-stage specific and is managed by a team of experienced business executives.

The firm has a history of backing companies to significant exits, including DraftKings' public listing and Drizly's acquisition by Uber. This points to a focus on businesses with strong consumer or enterprise appeal and clear paths to scale.

This firm is a good match for founders building internet-focused businesses who value guidance from experienced operators. Their portfolio suggests an interest in both consumer marketplaces and B2B platforms.

Once you secure funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Internet, Cloud Infrastructure
• Geographical presence: Boston, Massachusetts
• Founded: 2012
• Notable portfolio companies: DraftKings, Drizly, Jobcase, Black Kite
• Portfolio size: 45 investments
• Number of exits: 10

You can refer to their website here.

12. PreAngel

PreAngel is an early-stage investment firm and incubator based in Sunnyvale, California. They provide seed and early-stage venture capital to technology companies.

The firm has a clear focus on high-tech and hardware, with portfolio companies like drone-maker EHang and lidar supplier Hesai Technology achieving public listings. Their portfolio shows a strong interest in AI, robotics, and mobility.

PreAngel is a good fit for founders building companies in deep tech sectors, especially those with a hardware component. Their incubator model suggests they provide hands-on support for technical teams from the start.

As you prepare to approach early-stage investors like PreAngel, Rho Capital can help you explore non-dilutive funding options to extend your runway.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Cloud Infrastructure, Drones, Open Source, SaaS
• Geographical presence: Sunnyvale, California
• Founded: 2011
• Notable portfolio companies: EHang, Hesai Technology, Dobot Robotics, Westwell
• Portfolio size: 137 investments
• Number of exits: 11

You can refer to their website here.

13. Fortified Ventures

Fortified Ventures is a New York-based firm that invests in companies at the intersection of real estate and artificial intelligence. They support businesses from seed and early stages through private equity rounds.

The firm's distinct focus is on technology transforming large asset classes, specifically real estate and AI infrastructure. Their portfolio includes GPU cloud provider Lambda and Brightvine, a platform for tokenizing real estate assets.

This firm is a good match for founders building technology in AI infrastructure or real estate finance. Their expertise is particularly relevant if your company is focused on high-performance computing or asset tokenization.

Once you secure funding, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage Venture, Private Equity
• Industries of focus: Artificial Intelligence (AI), Cloud Infrastructure, Real Estate Investment, GPU
• Geographical presence: New York, New York
• Founded: 2021
• Notable portfolio companies: Lambda, Brightvine, DwellFi, exaBITS
• Portfolio size: 29 investments

You can refer to their website here.

14. Founders.ai

Founders.ai is a venture capital firm based in Mountain View that invests in pre-seed and seed startups. They focus on companies using AI and data to transform enterprise operations.

The firm shows a strong focus on creating value within its portfolio, as seen when its portfolio company ThoughtSpot acquired Mode Analytics. Their track record also includes significant exits to major data platforms, such as Arcion's acquisition by Databricks.

This firm is a good fit for founders building enterprise AI and data companies with clear strategic value to larger technology platforms. Their focus on the earliest stages makes them a relevant partner if you are just starting out.

As you prepare to approach early-stage investors like Founders.ai, Rho Capital can help you explore non-dilutive funding options to extend your runway.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Artificial Intelligence (AI), Cloud Infrastructure, Enterprise Software, Cyber Security
• Geographical presence: Mountain View, California
• Founded: 2020
• Notable portfolio companies: Arcion (acquired by Databricks), Mode Analytics (acquired by ThoughtSpot), ThoughtSpot, Activeloop
• Portfolio size: 21 investments
• Number of exits: 3

You can refer to their website here.

What This Tells Us About The VC Scene for Cloud Infrastructure Companies

The investor interest in cloud infrastructure is strong and well-distributed across different funding stages. While many firms focus on providing that crucial first check, established players also offer support through later growth rounds. This balance indicates a mature market for founders, with capital available from inception to scale.

Geographically, the concentration remains in tech hubs like the San Francisco Bay Area, but the variety of investors is also notable. You can find corporate arms and specialists who bring more than just capital—they offer relevant industry connections. This diversity gives you more options for finding the right fit.

As you plan your fundraising, Rho Capital can connect you to non-dilutive options to strengthen your position. Once you secure funding, our integrated platform helps you manage that capital efficiently with tools for banking, cards, and bill pay.

Raise Confidently with Rho

Knowing which investors to approach is critical when your time is limited during a fundraise. We created this guide to help you build a focused list of firms that understand your business.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. We help you access financing tailored to your stage without giving up equity.

Once your capital is secured, our integrated platform helps you manage it with business banking, corporate cards, and automated bill pay. These tools are designed to help your startup deploy funds efficiently as you grow.

FAQs about Venture Capital Firms Focused on Cloud Infrastructure

What do cloud infrastructure VC firms look for in a startup?

Investors seek a strong technical team, a clear product that solves a significant problem, and early signs of customer adoption. A well-defined go-to-market strategy and a large, addressable market are also critical for securing their interest.

Are there top cloud technology venture capital firms outside the Bay Area?

Yes, while the Bay Area is a major hub, prominent firms are also located in New York, Boston, and internationally. Many technology-focused venture capital firms, like some on our list, invest globally and maintain a presence in multiple tech ecosystems.

How important is a technical co-founder for an enterprise technology venture?

For infrastructure and developer-tool startups, a technical co-founder is often essential. Investors want to see deep domain expertise on the founding team, as it builds confidence in your ability to execute on a complex product roadmap.

What should I have ready before approaching Series A VC firms?

You should have a proven product-market fit, consistent monthly recurring revenue, and a clear plan for scaling your team and customer acquisition. Data on user engagement and retention will be key to your conversations with investors.

How can I manage my finances after securing a seed or Series A round?

Once funded, disciplined capital management is key. Our integrated platform helps you deploy funds efficiently with tools for business banking, corporate cards, and automated bill pay, giving you clear visibility over your company's financial health.

How can Rho help me with my fundraising process?

We help you strengthen your fundraising position. Rho Capital connects you to non-dilutive funding options like venture debt and credit lines, allowing you to extend your runway and grow without giving up additional equity.