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Company

Sapphire Ventures

Sapphire Ventures is a venture capital firm investing in growth-stage enterprise software and technology companies globally.

Known aliases

  • Sapphire

Current stories

productConfirmed3 publishers

EliseAI raises $350 million to automate more of the leasing office and the clinic front desk

EliseAI raised $350 million at a $4 billion valuation, double its Series E price last August, in a round co-led by Andreessen Horowitz and Bessemer. Landlords and clinics using it now deal with a vendor funded to automate more of their operations.

Publishers:eliseai.com siliconangle.com techcrunch.com

Perspective Coverage

3 publishers
Builder
Builder 22%
Operator
Operator 40%
Investor
Investor 38%

Reality

Evidence55
Adoption62
Hype gap+25
Incentives70
Confidence60
investConfirmed10 publishers

EliseAI's $4 billion valuation tracks a doubling in recurring revenue

EliseAI raised $350 million at a $4 billion valuation, up from $2.2 billion 13 months earlier, with a16z and Bessemer co-leading again. On reported recurring revenue above $200 million, that is about 20 times sales, close to the multiple on its last round.

Perspective Coverage

10 publishers
Builder
Builder 22%
Operator
Operator 33%
Investor
Investor 45%

Reality

Evidence60
Adoption60
Hype gap+10
Incentives70
Confidence65
productOne report1 publisher

StackHawk hands the vulnerability back to the agent that wrote it

Wingman probes the running app the moment a coding agent says a feature is done, then sends the findings back to that same agent to patch. StackHawk reports more than 7,000 fixes in early access, 98% of them holding.

Publishers:siliconangle.com

Reality

Evidence32
Adoption22
Hype gap+30
Incentives80
Confidence45
buildOne report1 publisher

Temporal's $550M round values durable execution at 2.5x its February price

Lightspeed co-led a $550 million Series E on September 14th, seven months after Temporal's $5 billion Series D. The operating metrics behind the markup are Temporal's own: 4,300 paying customers and 1.9 trillion billable actions in August.

Publishers:runtimewire.com

Reality

Evidence45
Adoption62
Hype gap+22
Incentives78
Confidence52
investOne report1 publisher

Harvey raises $550m to post-train its own legal models on a Beijing lab's open weights

The $15.5 billion price works out near 39 times annual recurring revenue above $400 million, and it rests on a margin claim Harvey has not quantified: that tuning Kimi K3 beats paying OpenAI per call.

Reality

Evidence32
Adoption61
Hype gap+30
Incentives74
Confidence42
investOne report1 publisher

Harvey's $550m raise prices it at 38.75 times its own disclosed revenue

The $15.5bn valuation is 38.75 times the $400m of annual recurring revenue Harvey disclosed, and the in-house model meant to defend that price is post-trained on a Beijing lab's open weights rather than on backer OpenAI's.

Reality

Evidence38
Adoption62
Hype gap+34
Incentives72
Confidence44
productOne report1 publisher

Harvey buys Guardrails AI to test agents left working on legal tasks for hours

The $550mn round at $15.6bn gets the attention, but Harvey's fourth acquihire of the year bought a team whose product is testing how agents behave across a long run nobody watched. That is the part a buyer can use.

Publishers:thenextweb.com

Reality

Evidence45
Adoption66
Hype gap+20
Incentives78
Confidence48
buildOne report1 publisher

Temporal talks $12B six months after $5B: durable execution is now agent infrastructure

A reported $500 million round at a pre-money floor of at least $12 billion reprices a two-decade systems bet. Teams already running workflows on it should treat this as a procurement event.

Publishers:runtimewire.com

Reality

Evidence55
Adoption66
Hype gap+27
Incentives70
Confidence54
productOne report1 publisher

EliseAI's mark moves from $2.2bn to $3.7bn on tenant texts and tour bookings

A reported $300mn round would reprice the apartment-leasing agent company at 1.7x last August's valuation. Nothing is signed, and everyone involved declined to comment.

Publishers:thenextweb.com

Reality

Evidence32
Adoption38
Hype gap+30
Incentives72
Confidence45
investOne report1 publisher

EliseAI's $3.7B markup prices the boring layer above its entire software market

A reported $300M round at 68% over August's price values a tenant-texting workflow tool at more than half the property management software market it sells into.

Reality

Evidence28
Adoption48
Hype gap+34
Incentives66
Confidence41