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Venture Capital
s32.com

Investments

124

Portfolio Exits

22

Funds

5

About 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.

Headquarters Location

2033 San Elijo Avenue Suite 565

San Diego, California, 92007,

United States

858-633-3232

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Latest Section 32 News

Sola Security Raises $35 Million in Series A

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.

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Section 32 Investments Activity

investments chart

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

3

10/22/2024

Series A

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$XXM

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10

7/24/2024

Series C

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$XXM

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10

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

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Amount

$35M

$93M

$35.6M

$XXM

$XXM

New?

Yes

No

No

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Co-Investors

Glilot Capital Partners, M12, Mike Moritz, New Era Capital Partners, S Capital VC, and Undisclosed Investors

Sources

2

3

3

10

10

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

$XXM

4

2/18/2025

Acquired

$XXM

Brahma

8

6/27/2024

Acquired

$XXM

3

2/27/2024

Acquired

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$XXM

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10

1/8/2024

Acquired

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$XXM

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10

Date

3/19/2025

2/18/2025

6/27/2024

2/27/2024

1/8/2024

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

Brahma

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Sources

4

8

3

10

10

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

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$XXM

10

5/22/2017

Section 32 Fund I

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$XXM

10

Section 32 Fund III

10

Section 32 Fund IV

10

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

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Status

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Amount

$525M

$XXM

$XXM

Sources

1

10

10

10

10

Section 32 Team

6 Team Members

Section 32 has 6 team members, including , .

Name

Work History

Title

Status

William J. Maris

Founder

Current

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Name

William J. Maris

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Work History

Title

Founder

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Status

Current

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