Venture capital firm Scale Venture Partners, based in Foster City, California, closed its Fund VIII at $900 million.
The fund received subscriptions from both new and current investors. With a specific emphasis on cognitive apps, which integrate machine learning, API connectivity, and sensors to alter how corporations work, it will be invested in cloud and SaaS software startups.
Typically at the Series A or B stage, Scale focuses on identifying leading businesses and assisting them in transitioning from founder-led growth to a go-to-market machine.
The company invested in a number of famous SaaS businesses early on, including Box, DocuSign, HubSpot, RingCentral, and Bill.com. Additionally, it has made investments in nascent businesses like BigID, Dusty Robotics, and Honeycomb.
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