Wing, a Palo Alto, CA-based early-stage investor and long-term company builder in B2B technology, closed Wing Four, a new $600 million investment fund.
Wing Four will be invested according to the firm’s core thesis of the AI-first transformation of business, supporting founders who are developing key elements of the emerging AI-first technology stack, and putting it to work to transform major industries.
Founded by Gaurav Garg and Peter Wagner, Wing has been investing in AI since the firm’s founding a decade ago, motivated by a deep conviction that modern enterprises are built on data and powered by AI. Wing’s partners have invested in 23 enterprise technology companies that have gone public or achieved billion-dollar outcomes, including data pioneer Snowflake, where Wing was an early investor and long-term partner, investing in every financing from seed round through landmark IPO.
Wing-backed companies still in their early stages include Pinecone, which has emerged as the leading data platform underpinning the new generation of AI-first applications; and Path, which puts data and AI to work to expand access to mental health services.
Today, the firm boasts a team of seven experienced investment partners, including Sara Choi, Zach DeWitt, Jake Flomenberg, Tanay Jaipuria, and Chris Zeoli. Wing also offers a Founder Success Team that provides portfolio companies with specialized assistance in research, talent acquisition, marketing, and market development.
FinSMEs
13/07/2023