Garuda Ventures San Francisco Bay Area
Garuda Ventures is a B2B-focused, pre-seed and seed-stage venture capital firm founded in 2018 and based in Orinda, California. The firm leads a founder's initial round of financing, investing $500K to $1.5M in areas including intelligent applications, commerce infrastructure, the new perimeter, and climate.
Founded 2018
Type Venture capital 3 Garuda Ventures FR2026 a Series of CGF2021 LLC 2026-09-21 2026-09-21 — Separately named series/SPV in an SEC Form D index. Filing date is recorded; index alone does not verify a closed fund size.
Debut institutional fund 2023-10-25 2023-10-25 $31M Announced raised, rounded public USD31M. Likely corresponds to legal II/II-W USD30.485M aggregate sold; not additional funds or AUM. Legal sleeve reconciliation unresolved.
Initial proof-of-concept fund — $3M Historical vehicle began2018; announcement2023-10-25 describes USD3M deployed vehicle backing32teams. Close date undisclosed.
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$230M 2026-05-19 Armada Founders Fund , 8090 Industries , Mitsui & Co., Ltd. , Veriten , Marlinspike , Silent Ventures , Felicis , Lux Capital , Shahin Farshchi , Jackson Moses , Viviana Faga , Garuda Ventures $400M 2026-05-13 Mind Robotics Bain Capital , Kleiner Perkins , Volkswagen , Garuda Ventures , Redpoint Ventures , Salesforce Ventures , Andreessen Horowitz , Accel , Eclipse , Sarah Wang $10M 2026-02-19 Mirai Andy McLoughlin , Garuda Ventures $120M 2026-01-15 Mytra Eclipse , Seth Winterroth , Garuda Ventures $7M 2026 Adora Garuda Ventures $6M 2026 Arkero BoxGroup , Garuda Ventures $10M 2025-10-21 Moonshot AI Garuda Ventures $6M 2025-10-07 Archive Intel Garuda Ventures $30M 2025-04-08 Arena Founders Fund , Garuda Ventures , Techstars , Shield Capital , Goldcrest Capital , Fifth Down Capital $30M 2025-04-08 Arena Founders Fund , Techstars , Garuda Ventures , Shield Capital , Goldcrest Capital , Fifth Down Capital $5M 2025 Mesta Garuda Ventures $9M 2025 Dashworks Y Combinator , Garuda Ventures , South Park Commons , Unpopular Ventures , Goat Capital , Combine $30M 2025 Arena Founders Fund , Garuda Ventures , Shield Capital , Goldcrest Capital , Fifth Down Capital , Initialized Capital $30M 2025 Arena Ai Founders Fund , Garuda Ventures , Endeavor , Shield Capital , Goldcrest Capital , Fifth Down Capital $30M 2025 Arena Founders Fund , Initialized Capital , Garuda Ventures , Shield Capital , Goldcrest Capital , Fifth Down Capital $30M 2025 Arena Founders Fund , Garuda Ventures , Endeavor , Shield Capital , Goldcrest Capital , Fifth Down Capital , Felicis $5M 2024-12-17 Starboard Eclipse , Garuda Ventures $7M 2023-04-18 Evergrow First Round , Garuda Ventures , Bill Trenchard $5M 2022-10-06 Iconic Air Garuda Ventures $13M 2022-07-27 Paragon Garuda Ventures $15M 2022-06-23 C1 Accel , Garuda Ventures $13M 2022 Paragon Y Combinator , Garuda Ventures , FundersClub , Inspired Capital $12M 2020-09-28 Noyo Garuda Ventures $9M Unknown date Adora Garuda Ventures $1M Unknown date Yrikka Garuda Ventures $— Unknown date Flexpoint Garuda Ventures $3M Unknown date Dataroomhq Garuda Ventures $— 2026-03-10 Foundry Robotics Garuda Ventures $6M 2026-01-29 Arkero Technologies BoxGroup , Garuda Ventures $13M 2022-07-27 Useparagon Garuda Ventures $3M 2018-08-20 RDMD Lux Capital , Garuda Ventures $12M Unknown date Atero Garuda Ventures $7M Unknown date Adora So Garuda Ventures
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team@apexlogos.ai · 19 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and status
| Vehicle or claim | Amount/status | Dated supporting evidence and interpretation |
| --- | --- | --- |
| Initial proof-of-concept fund | USD 3M; historical deployed vehicle | [Official announcement](https://garuda.substack.com/p/liftoff ), 2023-10-25: began in 2018 and backed 32 founding teams. Not a 2023 fundraising target. |
| Debut institutional fund | USD 31M announced raised; latest-known public institutional close found | [Official announcement](https://garuda.substack.com/p/liftoff ), 2023-10-25. Announcement uses the debut institutional description rather than a definitive legal vehicle number. |
| Garuda Ventures II, L.P. plus II-W, L.P. | USD 30,485,000 total commitments/sold; $0 remaining in this filing | [SEC Form D/A](https://www.sec.gov/Archives/edgar/data/1905090/000190509023000001/xslFormDX08/primary_doc.xml ), signed/filed 2023-07-24: II had $27,625,000 from 100 LPs; II-W had $2,860,000 from 23 LPs. First sale 2022-01-18. Rishi Taparia and Arpan Punyani are named managers. This likely relates to the subsequently announced institutional fund, but the exact $30.485M versus rounded $31M reconciliation is not stated. Do not add the two legal sleeves to $31M as separate fundraising. |
| Garuda Ventures FR2026 a Series of CGF2021 LLC | New 2026 vehicle; not a verified new flagship fund | [SEC filing index](https://www.sec.gov/Archives/edgar/data/2153716/000215371626000001/0002153716-26-000001-index.htm ), filed 2026-09-21, confirms entity/filing. [AltStreet transcription](https://altstreet.investments/edgar/2153716 ) reports $869,960 offering and sold, 16 investors; underlying XML failed direct access. Amount therefore remains secondary-transcribed, and vehicle purpose/relationship to flagship funds requires review. |
Searches for 2024–2026 closes and Fund II found deal-series vehicles rather than a verified successor institutional close. Some directories report $50M or call the 2023 vehicle Fund I while SEC legal entities use II/II-W. Treat directory figures as unresolved rather than AUM or a new fund. Current total AUM, reserves, available capital and any newer flagship target remain unverified.
Additional fund evidence checked in the final pass:
- Garuda Ventures FR2026 a Series of CGF2021 LLC: [source](https://www.sec.gov/Archives/edgar/data/2153716/000215371626000001/0002153716-26-000001-index.htm ).
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Initial proof-of-concept fund | USD 3000000 | Unknown |
| Debut institutional fund | USD 31000000 | 2023-10-25 |
| Garuda Ventures FR2026 a Series of CGF2021 LLC | Undisclosed / unverified | 2026-09-21 | SHOW MORE
team@apexlogos.ai · 19 hours ago
Match research 2026-10-06 / GarudaVentures / sha256:2bbfc606aa55017bcb31b49ba099472a528b9c30570dbe7e968516e18cd7c9e3 / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| **Armada** | Integrated edge AI compute infrastructure, including ruggedized mobile data centers and modular megawatt systems. Hardware/infrastructure engineering supports deep-tech relevance. | [Garuda investment announcement](https://garuda.substack.com/p/armada ), 2026-05-19, explicitly announces backing and discusses the concurrent **Series B**, with investors including BlackRock, Founders Fund, Lux and Johnson Controls. Amount and Garuda check not supplied in this source. |
Garuda's Mind Robotics post additionally names **Velodex Robotics** as a food-automation investment. This is an official attribution lead, but no separate round or company verification was completed, so it is not a fully documented example above. Ordinary application investments such as Adora, Arkero, Archive Intel, Noyo and Paragon should not be automatically classified deep tech simply because they use AI or APIs.
## Neurotech and adjacent investments
**No verified neurotech investment found in the sources checked.** Checks included saved holdings, official portfolio/news and searches pairing the exact firm name with neurotechnology, neuroscience, brain and BCI. This is a limited evidence finding, not a claim that the firm has never made such an investment.
**RDMD / AllStripes is adjacent, not verified direct neurotechnology.** [Healthcare Weekly](https://healthcareweekly.com/rdmd-funding-round-rare-diseases/ ), 2018-08-25, reports RDMD's **$3M seed** announced August 20, led by Lux with Garuda among participants. It describes patient-data analytics for rare-disease research/drug development and expansion into rare neurological/metabolic diseases. Such disease coverage does not establish brain interfaces, neural sensing, stimulation or a neurotechnology product. The [official portfolio](https://www.garuda.vc/portfolio ) (undated) describes Nancy Yu's rare-disease R&D platform as acquired by PicnicHealth, consistent with the company lineage. Garuda's stake amount is undisclosed. Do not infer direct neurotech from the term neural engine in Mirai's computer hardware discussion.
## Conflicts, missing information and later Adex review
1. **Deduplicate transactions/entities before any later write.** Snapshot has several Arena/Arena Ai $30M entries for 2025, Arkero/Arkero Technologies $6M entries, Adora/Adora So overlapping entries, and Paragon/Useparagon references. They are not evidence of separate checks. Round and company identity reconciliation is required.
2. **Mind Robotics stage conflict.** Snapshot labels the 2026-05-13 $400M round Series A; CB Insights calls it Series B, and the official investment post leaves the stage unspecified. Preserve verified amount/date and flag formal stage until primary transaction evidence resolves it. Garuda participation is independently supported by its own statement; the snapshot's Bain-profile source alone was insufficient.
3. **Institutional fund nomenclature/amount.** Keep public $31M debut institutional announcement distinct from legal II/II-W aggregate $30.485M and later series vehicles. No current total AUM is verified. Directory $50M should not overwrite the close figure.
4. **Avoid partner-history attribution.** Official team biography says Taparia sourced Canva at Matrix Partners. A Canva testimonial on Garuda's website does not establish a Garuda firm investment. Likewise employment at Poynt, Legion and Okta is not firm portfolio evidence.
5. **Possible useful later additions:** verified firm-attributed robotics/infrastructure examples Foundry, Mytra, Mirai, Armada and the explicit Atero history, plus current check range and updated canonical website. Confirm exact legal funding vehicles/check amounts before adding specific rounds where absent.
6. Public pages are selective, and several investments remain unnamed. Fund vehicle affiliation, first-investment dates and latest flagship fundraising may require direct firm confirmation. Research supports a hardware/physical-AI expansion alongside its B2B mandate, without establishing a dedicated neurotech focus.
All linked sources were checked/accessed 2026-10-06. Publication dates appear with claims; undated official pages are labeled accordingly. No database edits, MCP Patch, commits or unrelated file changes were performed. SHOW MORE
team@apexlogos.ai · 19 hours ago
Match research 2026-10-06 / GarudaVentures / sha256:2bbfc606aa55017bcb31b49ba099472a528b9c30570dbe7e968516e18cd7c9e3 / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Garuda Ventures
- Exact Adex ID: `GarudaVentures`
- Adex URL: https://adex.page/firms/GarudaVentures
- Research date/access date for all sources: 2026-10-06
- Status: complete research for later review; no Adex/database changes made.
Garuda is a Bay Area B2B investor founded in 2018, emphasizing the first institutional check at pre-seed and seed. Its verified portfolio includes industrial robotics and technically differentiated AI infrastructure. Latest-known institutional fund announcement found is USD 31 million in October 2023; newer deal vehicles should be kept separate. No verified neurotech investment found in the sources checked.
## Starting evidence and identity
The saved exact-ID MCP Search snapshot, `data/research/_sources/GarudaVentures.adex.json`, retrieved 2026-10-06, describes a firm founded in 2018, based in Orinda, investing $500K–$1.5M at pre-seed/seed, with intelligent applications, commerce infrastructure, cybersecurity and climate themes. It links https://www.garudaventures.com/ and https://signal.nfx.com/firms/garuda-ventures . Its roles name Rishi Taparia and Arpan Punyani as general partners and James Richards as co-founder/venture partner; its investment records include Arena, Atero, RDMD, Mind Robotics and several business software companies. The snapshot is a source of leads, not independent confirmation.
The old website redirects to [garuda.vc](https://www.garuda.vc/ ) (undated). The [official team page](https://www.garuda.vc/team ) (undated) identifies Taparia and Punyani as co-founders/general partners and Richards as co-founder/venture partner. The [2023 launch statement](https://garuda.substack.com/p/liftoff ) dates the start of Garuda to 2018. Orinda is supported as the fund's filing address; the current official FAQ uses Bay Area, rather than establishing Orinda as the current operational headquarters. This is the US investor, not MUFG's Indonesia-focused Garuda Fund or Garuda Aerospace.
[NFX Signal firm page](https://signal.nfx.com/firms/garuda-ventures ) was directly read. Its accessible text supplied the firm name, San Francisco Bay Area location and a team heading, but did not expose populated investor cards, stages, fund size or transaction details. Consequently no additional Signal investment claims were independently recovered; this may reflect dynamic-page extraction limitations rather than absence of data.
## Fund size and status
| Vehicle or claim | Amount/status | Dated supporting evidence and interpretation |
| --- | --- | --- |
| Initial proof-of-concept fund | USD 3M; historical deployed vehicle | [Official announcement](https://garuda.substack.com/p/liftoff ), 2023-10-25: began in 2018 and backed 32 founding teams. Not a 2023 fundraising target. |
| Debut institutional fund | USD 31M announced raised; latest-known public institutional close found | [Official announcement](https://garuda.substack.com/p/liftoff ), 2023-10-25. Announcement uses the debut institutional description rather than a definitive legal vehicle number. |
| Garuda Ventures II, L.P. plus II-W, L.P. | USD 30,485,000 total commitments/sold; $0 remaining in this filing | [SEC Form D/A](https://www.sec.gov/Archives/edgar/data/1905090/000190509023000001/xslFormDX08/primary_doc.xml ), signed/filed 2023-07-24: II had $27,625,000 from 100 LPs; II-W had $2,860,000 from 23 LPs. First sale 2022-01-18. Rishi Taparia and Arpan Punyani are named managers. This likely relates to the subsequently announced institutional fund, but the exact $30.485M versus rounded $31M reconciliation is not stated. Do not add the two legal sleeves to $31M as separate fundraising. |
| Garuda Ventures FR2026 a Series of CGF2021 LLC | New 2026 vehicle; not a verified new flagship fund | [SEC filing index](https://www.sec.gov/Archives/edgar/data/2153716/000215371626000001/0002153716-26-000001-index.htm ), filed 2026-09-21, confirms entity/filing. [AltStreet transcription](https://altstreet.investments/edgar/2153716 ) reports $869,960 offering and sold, 16 investors; underlying XML failed direct access. Amount therefore remains secondary-transcribed, and vehicle purpose/relationship to flagship funds requires review. |
Searches for 2024–2026 closes and Fund II found deal-series vehicles rather than a verified successor institutional close. Some directories report $50M or call the 2023 vehicle Fund I while SEC legal entities use II/II-W. Treat directory figures as unresolved rather than AUM or a new fund. Current total AUM, reserves, available capital and any newer flagship target remain unverified.
## Investment stages and mandate
The [current official FAQ](https://www.garuda.vc/faq ) (undated) supports initial-round investing, including pre-product/pre-revenue, and occasional seed investments in rounds totaling $4M–$10M. Its stated typical **firm check** is $500K–$1.5M, separate from total round size. It can lead, co-lead or co-invest. Sector scope spans business software, cybersecurity, infrastructure, fintech and hardware; geography is principally US/Canada, with occasional international investments. The 2023 announcement's up-to-$1M initial check is historical; current FAQ gives the broader range. Later-stage transactions documented below should not be substituted for the first-check strategy.
## Named previous deep-tech investments
Classification below is a research judgment based on technical differentiation. Firm attribution comes from an explicit Garuda statement or named investor reporting, never merely from a partner's former employer.
| Company | Technology rationale | Attribution, date/round and caveats |
| --- | --- | --- |
| **Arena / Arena AI** | Physics-informed AI for hardware engineering, testing, debugging and optimization; connects electrical-engineering models and physical lab measurements. | [SiliconANGLE](https://siliconangle.com/2025/04/08/arena-ai-raises-30m-accelerate-innovation-hardware-testing-atlas/ ), 2025-04-08, explicitly names Garuda among returning investors in **$30M Series B**, alongside Founders Fund and Shield Capital. This is total round funding, not Garuda's check. |
| **Foundry Robotics** | VLA foundation models and robotic assembly for flexible, dual-use contract manufacturing. Integration of robotics, hardware and manufacturing systems makes a strong deep-tech example. | [Garuda investment announcement](https://garuda.substack.com/p/foundry ), 2026-03-10, explicitly announces backing alongside Khosla, Red Glass, Embark and others. Round amount, stage and Garuda check not disclosed in the statement. Founder Adarsh Kulkarni's Ghost Robotics/Scale AI history is background, not investments by Garuda in those companies. |
| **Mind Robotics** | Full-stack industrial robotics: foundation models, purpose-built hardware and deployment systems for dexterous/adaptive manufacturing work. | [Garuda investment announcement](https://garuda.substack.com/p/mindrobotics ), **2026-05-14**, explicitly confirms backing with Eclipse, Accel, a16z and Kleiner Perkins. [TechCrunch](https://techcrunch.com/2026/05/13/rivian-spinoff-mind-robotics-raises-another-400m/ ), 2026-05-13: $400M round led by Kleiner Perkins. Garuda check undisclosed. Official site news index dates its entry May 15; use May 14 for the original post. |
| **Mytra** | Modular autonomous warehouse systems combine hardware, software and full-pallet material movement/storage optimization. | [Garuda investment announcement](https://garuda.substack.com/p/mytra ), 2026-01-15, explicitly confirms partnership with Avenir, Eclipse, Greenoaks and others. Statement does not identify the funded round amount or stage; announcement date need not equal first investment date. |
| **Mirai** | Hardware-aware on-device inference engine for Apple Silicon, developed as a low-level stack addressing model/runtime/memory constraints. Advanced AI infrastructure rather than ordinary application SaaS; not biological neural technology. | [Garuda investment announcement](https://garuda.substack.com/p/mirai ), 2026-02-19, explicitly says Garuda participated alongside Uncork and angels in a **$10M seed round**. Performance claims in the post are company/investor claims, not independent benchmarking. |
| **Atero** | Proprietary GPU memory utilization, workload orchestration and inference optimization technology. | [Garuda portfolio/acquisition statement](https://garuda.substack.com/p/atero-crusoe ), 2025-08-25, names Atero as its portfolio company, says it backed the company from the beginning and assembled a round led by Primary Venture Partners. Confirms acquisition by Crusoe. Investment date, amount and formal stage not specified here; snapshot's $12M seed remains unverified in this research. | SHOW MORE
team@apexlogos.ai · 23 days ago
MATCH 
Eclipse
Mind Robotics$400M · 2026-05-13
Mytra$120M · 2026-01-15
Starboard$5M · 2024-12-17
Accel
C1$15M · 2022-06-23
BoxGroup
Arkero$6M · 2026
Armada$230M · 2026-05-19
Andreessen Horowitz
Andy McLoughlin
Mirai$10M · 2026-02-19
Bain Capital
Bill Trenchard
Evergrow$7M · 2023-04-18
First Round
Paragon$13M · 2022
Dashworks$9M · 2025
Jackson Moses
Sarah Wang
Seth Winterroth
Shahin Farshchi
South Park Commons
Viviana Faga
