Investors / Encoded Ventures
Encoded Ventures
Venture capital
Encoded Ventures is a seed stage venture fund focused on modern infrastructure software. It was started in 2024 by Alex Benik, who previously invested in infrastructure and security at Battery Ventures.
Invests inAI & Machine LearningCybersecurityEnterprise Software
In its own wordsinfrastructuresecuritysoftwareaillmtechnical founders
Your fit with Encoded Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsEncoded Ventures lists 18 checked portfolio companies on its own site and is named in 3 funding rounds. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are AI & Machine Learning (43%), Cybersecurity (33%) and Enterprise Software (17%). 80% of its companies are based in United States. It invests most often alongside Battery Ventures, Step Function and ex/ante.
Counts come from funding rounds that name Encoded Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Encoded Ventures' whole history. Rounds on record name 3 companies; its own site lists 18. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 100% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 3 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 46th | 18 companies |
| Recent activity | 76th | 3 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 80th | 11% of companies confirmed by a round |
| Sector focus | 78th | 43% in its largest sector |
| Reach | 42th | 2 countries |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Battery Ventures | 2 |
| Step Function | 2 |
| ex/ante | 2 |
| 01A | 1 |
| 6 Degrees Capital | 1 |
| 91 Ventures | 1 |
| ARC Capital | 1 |
| Abstraction Capital | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers18100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 43% | 18% |
| Cybersecurity | 33% | 4% |
| Enterprise Software | 17% | 8% |
| Space & Defense | 7% | 3% |
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Battery Ventures
Compare Encoded Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Encoded Ventures| Date | Company | Stage |
|---|---|---|
| 15 Sept 2026 | Seed | |
| 25 Jun 2026 | Seed | |
| 17 Mar 2026 | Seed |
Round details for Encoded Ventures
Amounts, full round histories and every co-investor in Encoded Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
18 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Portfolio page | ||||
| AutoInference makes an AutoPilot for Inference Systems | AI & Machine Learning | Portfolio page | ||
| The company provides mobile observability services, including real-time visibility into mobile app performance and debugging tools. | AI & Machine LearningCybersecurity | Portfolio page | ||
| ConfigHub provides a control system for managing changes to live software systems | Enterprise SoftwareCybersecurity | Portfolio page | ||
| DataFlint develops an Agentic Platform that autotunes Apache Spark for performance and cost | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Datum provides a network cloud built for AI companies and agents, replacing legacy infrastructure with a modern connected infrastructure | AI & Machine LearningCybersecurity | Portfolio page | ||
| Dtwo provides a security control plane for agents, allowing organizations to deploy AI with confidence by governing what each agent can access through policies written in plain language. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Duckbill provides cloud cost management services, including contract negotiations and financial planning for companies using cloud and AI technologies. | AI & Machine LearningCybersecurity | Portfolio page | ||
| G5 Labs develops software development tools for enterprises using artificial intelligence and natural language processing. | AI & Machine LearningEnterprise Software | Sept 2026Seed | Page + round | |
| Ipxo provides a platform for IPv4 leasing, monetization, and management | CybersecuritySpace & Defense | Portfolio page | ||
| Jazz Security provides a data loss prevention (DLP) system that uses AI to understand and protect organizations' data | Cybersecurity | Portfolio page | ||
| Jun 2026Seed | Funding round | |||
| Niv-AI analyzes the AI workload fingerprint to dynamically orchestrate compute in real-time | AI & Machine LearningSpace & Defense | Mar 2026Seed | Page + round | |
| Runatom provides infrastructure for running AI workloads more efficiently | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Sixta continuously watches every database across a whole estate at an incredible level of detail, preventing errors before they ship, constantly revealing cost optimisations and resolving critical incidents in a fraction of the time it takes a best DBRE. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Stealthium makes the GPUs, runtimes and frameworks your AI depends on observable, secure and controllable | AI & Machine LearningCybersecurity | Portfolio page | ||
| Swamp Club builds AI systems from repeatable behaviors, rather than token-hungry agent-centric designs. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Tenzai develops and uses artificial intelligence to discover, chain, and exploit vulnerabilities in applications | CybersecurityAI & Machine Learning | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- encoded.vc
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 17 Mar 2026
- Companies checked
- 18
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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