Glasswing Ventures has announced the close of Fund III, with over $200 million in capital commitments dedicated to pre-seed and seed-stage investments in AI-native and Frontier Technology companies. The fund is the largest in the firm’s history and exceeded its target amount through support from both existing and new Limited Partners. Two investments have already been made from the new fund. The firm has invested in 70 startups since its founding in 2018 and was the first institutional investor in more than 90 percent of those companies.
The firm emphasizes the shift in AI adoption within the enterprise as organizations move from incremental experimentation to deep structural transformation. Fund III is intended to support founders building companies at the forefront of that shift in enterprise software and cyber defense.
Glasswing Ventures’ investment approach is based on identifying the intersection of academic research advances and market readiness. The firm has a team of builders and operators with strong connections across leading AI research universities and the startup ecosystem. These relationships provide early visibility into emerging technical talent and foundational research that can be scaled within enterprise markets.
Fund III will continue to focus on enterprise applications, cybersecurity, and AI-native productivity and business automation platforms. The firm plans to expand investments into several categories of frontier innovation including vertical AI platforms built for specific industries, physical AI systems that interpret and act in real world environments, AI adaptive infrastructure designed for continuous iteration, intelligent enterprise defense systems that automate threat detection and remediation, collaborative intelligence platforms that integrate humans and AI within business workflows, and next generation computing technologies that apply distributed systems and emerging computing architectures.
With the larger fund size, Glasswing Ventures will continue to lead and co-lead early-stage rounds while also maintaining meaningful reserves for follow-on funding. The firm supports founders by combining technical and business expertise across its team and by providing access to its advisory councils, comprising 62 members, who help portfolio companies accelerate market access, customer traction, and hiring. This Trust Network is designed to help companies progress more rapidly during the early phases of market entry and product development.
Glasswing Ventures announced the launch of Fund III, amid continued momentum from its earlier funds. The core portfolio from Fund I and Fund II has raised over $650 million in follow-on capital. Enterprise spending trends reflect a continued expansion of AI integration into business operations as well as sustained investment in cybersecurity protection and threat reduction. Fund III is expected to support approximately 25 companies throughout its deployment period.
KEY QUOTES:
“We are at a tipping point where AI is moving from incremental adoption to systemic transformation of the enterprise. Fund III enables us to back the founders who are not just adapting to this shift but defining it and building enduring category leaders in enterprise and security markets.”
Rudina Seseri, Founder and Managing Partner, Glasswing Ventures
“Defensible innovation is what separates enduring companies from fleeting ones. As all products and companies today say they are AI powered, the ones that leverage AI to build durable moats will move beyond being shiny tools and become indispensable platforms within enterprise workflows.”
Rick Grinnell, Founder and Managing Partner, Glasswing Ventures
“Our goal is to be a force multiplier for founders from the very beginning. Capital alone cannot do that. It takes conviction at inception, astute foresight, and robust networks to unlock opportunity faster than founders can on their own. With Fund III, we are amplifying that model so our founders can not only win early but build businesses designed to endure market cycles and industry shifts.”
Kleida Martiro, Managing Director, Glasswing Ventures
