Seligman Ventures | Activity

Investment

Participated in SambaNova's $1B first-close financing at an $11B valuation, led by General Atlantic alongside T. Rowe Price and Capital Group.

SambaNova Systems

SambaNova Systems Seligman Ventures

Investment

Joined Upscale AI's $190M Series A-1 (led by Premji Invest, $2B valuation) alongside Nvidia, Salesforce Ventures, and Temasek; Upscale is building open-standard AI networking fabric to enable heterogeneous GPU interoperability.

Upscale AI

Upscale AI Seligman Ventures

fortune.comJUN 22, 2026

JUN 22, 2026

Investment

Participated in Modiqo's $3M pre-seed alongside Heavybit and Irregular Expressions to develop memory-driven AI agent learning — AI agents that learn by rote.

Modiqo

Modiqo Seligman Ventures

seligman.comMAY 28, 2026

MAY 28, 2026

Press

Managing Partner Umesh Padval shared Seligman Ventures' perspective on AI innovation, enterprise adoption, and the venture investing landscape in Unite AI's interview series.

Umesh Padval — Unite AI Interview Series

Seligman Ventures

seligman.comMAY 18, 2026

MAY 18, 2026

Investment

Participated in Exaforce's $125M Series B to advance real-time AI-powered cybersecurity for catching and stopping cyberattacks as they happen.

Exaforce

Exaforce Seligman Ventures

seligman.comMAY 12, 2026

MAY 12, 2026

Investment

Led Cognichip's $60M oversubscribed Series A for physics-informed AI chip design; Umesh Padval joined Cognichip's Board alongside Intel CEO Lip-Bu Tan. Total Cognichip funding reached $93M.

CogniChip

CogniChip Seligman Ventures

natlawreview.comAPR 2026

APR 2026

Investment

Led EPIC Microsystems' $21M oversubscribed Series A to accelerate its vertical power delivery architecture for next-generation AI data centers; Umesh Padval joined EPIC's Board of Directors.

EPIC Microsystems

EPIC Microsystems Seligman Ventures

seligman.comMAR 25, 2026

MAR 25, 2026

Investment

Participated in SambaNova's $350M+ financing (led by General Atlantic) as SambaNova unveiled the SN50 chip delivering 5x compute of competing accelerators and announced a multi-year Intel collaboration.

SambaNova Systems

SambaNova Systems Seligman Ventures

businesswire.comFEB 24, 2026

FEB 24, 2026

Press

Umesh Padval discussed Seligman Ventures' data-center infrastructure conviction — bottlenecks in networking, optics, and power — with the Venture Capital Journal.

Venture Capital Journal — why data centers are key focus for Seligman's new $500M VC fund

Seligman Ventures

seligman.comFEB 17, 2026 alternativeswatch.com

FEB 17, 2026

Podcast

Managing Partner Umesh Padval appeared on The Neon Show to discuss what top investors look for in AI startups, including his early Cohere investment thesis and how to separate signal from noise.

Umesh Padval on The Neon Show

Seligman Ventures

neon.fundFEB 13, 2026

FEB 13, 2026

New Fund

Seligman Investments launched Seligman Ventures, a $500M venture capital arm focused on AI infrastructure, cloud infrastructure, cybersecurity, and modern data-center hardware, led by Umesh Padval and Ashish Kakran.

Seligman Ventures $500M Fund I

Seligman Ventures

fortune.comFEB 12, 2026

FEB 12, 2026

Seligman Ventures Activity

Participated in SambaNova's $1B first-close financing at an $11B valuation, led by General Atlantic alongside T. Rowe Price and Capital Group.

Joined Upscale AI's $190M Series A-1 (led by Premji Invest, $2B valuation) alongside Nvidia, Salesforce Ventures, and Temasek; Upscale is building open-standard AI networking fabric to enable heterogeneous GPU interoperability.

Participated in Modiqo's $3M pre-seed alongside Heavybit and Irregular Expressions to develop memory-driven AI agent learning — AI agents that learn by rote.

Managing Partner Umesh Padval shared Seligman Ventures' perspective on AI innovation, enterprise adoption, and the venture investing landscape in Unite AI's interview series.

Participated in Exaforce's $125M Series B to advance real-time AI-powered cybersecurity for catching and stopping cyberattacks as they happen.

Led Cognichip's $60M oversubscribed Series A for physics-informed AI chip design; Umesh Padval joined Cognichip's Board alongside Intel CEO Lip-Bu Tan. Total Cognichip funding reached $93M.

Led EPIC Microsystems' $21M oversubscribed Series A to accelerate its vertical power delivery architecture for next-generation AI data centers; Umesh Padval joined EPIC's Board of Directors.

Participated in SambaNova's $350M+ financing (led by General Atlantic) as SambaNova unveiled the SN50 chip delivering 5x compute of competing accelerators and announced a multi-year Intel collaboration.

Umesh Padval discussed Seligman Ventures' data-center infrastructure conviction — bottlenecks in networking, optics, and power — with the Venture Capital Journal.

Managing Partner Umesh Padval appeared on The Neon Show to discuss what top investors look for in AI startups, including his early Cohere investment thesis and how to separate signal from noise.

Seligman Investments launched Seligman Ventures, a $500M venture capital arm focused on AI infrastructure, cloud infrastructure, cybersecurity, and modern data-center hardware, led by Umesh Padval and Ashish Kakran.