Next47

Next47 is the Siemens-anchored venture firm operating out of Palo Alto and other global offices, founded in 2016. The mandate runs across systems, infrastructure and applications at Series A through C, with around 247 portfolio companies including 16 unicorns. The current investment focus covers AI-powered products, autonomous systems, industrial operations and data infrastructure. Industrial-relevant holdings include Verkada in physical security, Skydio in autonomous drones, Tractian in predictive maintenance for industrial equipment and BuildOps in commercial contracting software.