DCVC

DCVC was founded in 2010 by Matt Ocko and Zachary Bogue, who as of October 2026 remain its co-founders and managing partners. DCVC says its founding mission was to support deep tech founders pushing the limits of emerging technology to solve “trillion-dollar problems”; while most of its peers focused on the consumer web and enterprise SaaS, it invested in companies using a computational advantage to transform vital industries that had seen little change in decades. DCVC also says that one of its founders coined the term “deep tech” with a friend about 25 years ago.⁠[1][2][3][1][1]

Before founding the firm, Ocko founded the email software company Da Vinci Systems, where he was vice president of R&D, and holds a degree in physics from Yale UniversityYale UniversityYale University is a research university in New Haven, Connecticut. Its predecessor, the Collegiate School, received a charter in 1701. Trustees chose New Haven in 1716; the institution became Yale College in 1718 and Yale University in 1887. Yale provides undergraduate, graduate and professional education and has 14 undergraduate residential colleges. As of October 2026, its president was Maurie McInnis, who took office in July 2024. In 2026, Yale expanded aid for incoming undergraduates and celebrated its 325th anniversary.Open the full entry; Bogue holds a bachelor’s degree in environmental science and public policy from Harvard UniversityHarvard UniversityHarvard University is a private research university in Massachusetts, established by the Massachusetts Bay Colony legislature in 1636 and named in 1639 for early benefactor John Harvard. Its principal campuses are in Cambridge and the Allston and Longwood neighborhoods of Boston. It includes Harvard College, graduate and professional schools, and the Radcliffe Institute for Advanced Study. Two governing boards share oversight. Alan M. Garber was president as of October 2026, and the endowment stood at $56.9 billion at the end of fiscal 2025.Open the full entry and a JD from Georgetown University’s law school.⁠[4][4][2]

DCVC says that scale-out computing companies it backed early became building blocks of AWS, Microsoft Azure, Google Cloud, Illumina, and VMware.⁠[5]

At the beginning of 2016, DCVC raised and closed its fifth and sixth funds in less than 90 days: the fifth was an early-stage seed and Series A fund, and the sixth an “opportunity fund” for larger follow-on bets in its most successful early-stage companies.⁠[6][6][6]

On March 11, 2017, DCVC announced that, at the request of several large new institutional investors, it had expanded its previously closed fifth and sixth funds to a combined $387 million. Portfolio companies it named at the time included Zymergen, Planet, LendUp, Nervana (later acquired by Intel), Freenome, SentinelOne, Tala, Rigetti, Primer, Kindred, Atomwise, and Karius; DCVC also described its “Collective” model, in which a team of venture capitalists works with more than 50 technology executives and experts to support founders, all of whom have an economic interest in the funds.⁠[6][6][6][6][6][6][6]

In 2018, DCVC launched its life sciences investment arm, DCVC Bio, co-founded by its four managing partners Ocko, Bogue, John Hamer, and Kiersten Stead, to invest in platform companies that use AI and large data models to discover new medicines and drive other biological breakthroughs. DCVC Bio says that, unlike most biotechnology funds, it does not bet on specific drugs or molecules but invests in scientific breakthroughs and computation-enhanced platforms that can repeatedly generate results.⁠[7][8][8]

On July 21, 2023, DCVC announced it had raised more than $1 billion in new capital and released its first Deep Tech Opportunities Report. The same day, Alan Cohen, James Hardiman, Jason Pontin, and Ali Tamaseb were promoted to general partner; Hardiman, a physicist who has been with DCVC since 2014, has led investments in AI platforms applied to biology, manufacturing, and materials design, as well as in areas such as quantum computing.⁠[5][5][9][9][9][9]

On September 30, 2024, DCVC announced that two new funds had raised more than $700 million combined, bringing the total it had closed over the previous two and a half years to more than $1.6 billion. The two funds were DCVC’s first dedicated climate fund and DCVC Bio III, its third main life sciences fund, which was oversubscribed at $400 million against an original target of $350 million. Early investments of the climate fund included the geothermal company Fervo Energy and Twelve, which makes sustainable aviation fuel from carbon dioxide.⁠[1][1][1][8][8][1][1]

On May 13, 2026, Fervo Energy, an enhanced geothermal systems company in which DCVC has invested since 2022, went public on Nasdaq (ticker FRVO); Bogue and general partner Rachel Slaybaugh joined the opening bell ceremony.⁠[10][10][10][10]

On September 15, 2026, DCVC announced that it had led the $40 million seed round of the AI company TypeSafe AITypeSafe AITypeSafe AI is an artificial intelligence company based in San Francisco, founded in 2024, that develops “System One” models which software calls directly and which output structured judgments with probabilities rather than text; its first public model is Jev. The company came out of stealth on September 15, 2026, announcing a $40 million seed round led by DCVC, and on October 9 of the same year announced an $870 million Series A led by Andreessen Horowitz at a $7.5 billion valuation.Open the full entry, and general partner James Hardiman published a Q&A with its founder and chief executive, Diogo Almeida. On October 9 of the same year, TypeSafe AI announced an $870 million Series A led by Andreessen HorowitzAndreessen HorowitzAndreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from the seed stage through the growth stage and provides operational support to its portfolio companies.Open the full entry, in which DCVC participated as an existing investor.⁠[11][11][12][13][13]

As of October 2026, by DCVC’s own figures, it had more than $4 billion in assets under management, a team of about 50, more than 200 portfolio companies, and 13 funds, six of them flagship funds and three of them DCVC Bio funds; its offices are in Palo Alto and San Francisco. DCVC describes its team as having “more published scientists than MBAs.”⁠[7][7][7][7][14][14][14]

The investment areas DCVC lists include AI, compute and quantum; computational biology and chemistry; cybersecurity, security, and defense; energy and climate; finance and insurance; industrial transformation and advanced manufacturing; next-generation agriculture; space; and TechBio and TechMed.⁠[14]

DCVC: Official website: https://www.dcvc.com/ (opens in a new window).⁠[14]

X: Public account: https://x.com/dcvc (opens in a new window)⁠[14]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/data-collective/ (opens in a new window)⁠[14]