TLDR:
- Thomvest Ventures is a venture capital fund founded by Peter Thomson in 1996.
- Managing Director Umesh Padval focuses on investments in cybersecurity, cloud, and AI infrastructure.
Thomvest Ventures, a cross-stage venture capital fund based in Silicon Valley and Toronto, was founded by Peter Thomson in 1996. Since its inception, the firm has invested in over 75 private companies. Managing Director Umesh Padval, with a background in entrepreneurship and investment, leads the firm’s investments in cybersecurity, cloud, and AI infrastructure. The firm has evolved its investment thesis over the years to focus on specific sectors like cybersecurity, cloud, AI/data infrastructure, financial, and real estate technology. Notable investments include companies like Isovalent, Bolster, Quiet AI, Impinj, and Avalanche Technology.
Padval highlighted the firm’s success stories, including the acquisition of Isovalent by Cisco, as well as notable exits such as Thousand Eyes and Lastline. With an AUM of $750 million, Thomvest Ventures continues to focus on key sectors like financial and real estate technology, cybersecurity, cloud, and AI/data infrastructure. The firm distinguishes itself from others through its operational expertise, robust network, and deep vertical knowledge. Despite facing challenges initially, Thomvest has established itself as a significant player in the cybersecurity, cloud, and AI infrastructure domains. Looking ahead, the firm aims to invest in exceptional founders and foster a positive work environment for its portfolio companies and team.
