
Investments
124Portfolio Exits
22Funds
5About Section 32
Section 32 operates as a venture capital firm. It invests in biotechnology, therapeutics, advanced diagnostics, precision medicine, software, cybersecurity, machine learning, and artificial intelligence. The firm primarily serves the technology and healthcare industries with its investment strategies. It was founded in 2017 and is based in San Diego, California.
Latest Section 32 News
Sep 7, 2025
Investors The round was led by S32, with participation from M12 (Microsoft's Venture Fund), New Era Capital Partners, and returning investors Michael Moritz, S Capital, Glilot, and Lockstep. S32 is a venture capital firm that invests in technology and life sciences companies at the "frontiers of technology." Its investment focus spans diverse sectors, including artificial intelligence, cybersecurity, fintech, computational biology, and quantum computing. The firm is headquartered in Palo Alto, California, and manages over $2 billion in assets. Sola Security Use of Funds The company will use the funds to accelerate product development. About Sola Security Founded in 2024, Sola Security is a company that provides an AI-powered platform that enables users to build custom cybersecurity applications. The platform integrates with existing security tools and data sources to generate apps featuring insights, alerts, dashboards, and workflows. Since launching its product about six months ago, Sola has gained more than 2,000 users, who have collectively built over 1,000 AI-powered applications and agents for cybersecurity, covering identity and access management, cloud security, compliance, and more. Funding Details Company: Sola Security, Inc. Raised: $35.0M Round: Series A Funding Date: September 2025 Lead Investor: S32 Additional Investors: M12 (Microsoft's Venture Fund), New Era Capital Partners, Michael Moritz, S Capital, Glilot, Lockstep Company Website: https://sola.security/ Software Category: Cybersecurity / AI Security Assistant Source: https://sola.security/blog/series-a-funding-future-of-cyber-security/
Section 32 Investments
124 Investments
Section 32 has made 124 investments. Their latest investment was in Sola Security as part of their Series A on September 04, 2025.

Section 32 Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/4/2025 | Series A | Sola Security | $35M | Yes | Glilot Capital Partners, M12, Mike Moritz, New Era Capital Partners, S Capital VC, and Undisclosed Investors | 2 |
4/23/2025 | Series B | Endor Labs | $93M | No | 3 | |
3/22/2025 | Series C | Octave Bioscience | $35.6M | No | Byers Capital, Casdin Capital, Hikma Ventures, Intermountain Ventures, Merck Global Health Innovation Fund, Northpond Ventures, Novartis, The Blue Venture Fund, and Valhalla Foundation | 3 |
10/22/2024 | Series A | |||||
7/24/2024 | Series C |
Date | 9/4/2025 | 4/23/2025 | 3/22/2025 | 10/22/2024 | 7/24/2024 |
---|---|---|---|---|---|
Round | Series A | Series B | Series C | Series A | Series C |
Company | Sola Security | Endor Labs | Octave Bioscience | ||
Amount | $35M | $93M | $35.6M | ||
New? | Yes | No | No | ||
Co-Investors | Glilot Capital Partners, M12, Mike Moritz, New Era Capital Partners, S Capital VC, and Undisclosed Investors | Byers Capital, Casdin Capital, Hikma Ventures, Intermountain Ventures, Merck Global Health Innovation Fund, Northpond Ventures, Novartis, The Blue Venture Fund, and Valhalla Foundation | |||
Sources | 2 | 3 | 3 |
Section 32 Portfolio Exits
22 Portfolio Exits
Section 32 has 22 portfolio exits. Their latest portfolio exit was Gretel on March 19, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/19/2025 | Acquired | 4 | |||
2/18/2025 | Acquired | Brahma | 8 | ||
6/27/2024 | Acquired | 3 | |||
Date | 3/19/2025 | 2/18/2025 | 6/27/2024 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Brahma | ||||
Sources | 4 | 8 | 3 |
Section 32 Fund History
5 Fund Histories
Section 32 has 5 funds, including Section 32 Fund V.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/5/2023 | Section 32 Fund V | $525M | 1 | ||
2/21/2019 | Section 32 Fund II | ||||
5/22/2017 | Section 32 Fund I | ||||
Section 32 Fund III | |||||
Section 32 Fund IV |
Closing Date | 10/5/2023 | 2/21/2019 | 5/22/2017 | ||
---|---|---|---|---|---|
Fund | Section 32 Fund V | Section 32 Fund II | Section 32 Fund I | Section 32 Fund III | Section 32 Fund IV |
Fund Type | |||||
Status | |||||
Amount | $525M | ||||
Sources | 1 |
Section 32 Team
6 Team Members
Section 32 has 6 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
William J. Maris | Founder | Current | |
Name | William J. Maris | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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