# S32 Portfolio Map 2026: 56 Startups by Sector

> S32's portfolio mapped: 56 startups it has backed, in 4 sectors from AI, Biotech and Healthtech on. $7.1B raised between them; logos, funding and rounds.

Source: https://millionrounds.com/portfolio-maps/s32-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## AI

28

- [Mirendil](https://millionrounds.com/company/mirendil)
- [*S* SandboxAQ](https://millionrounds.com/company/sandboxaq)
- [Humans&](https://millionrounds.com/company/humans-and)
- [Snorkel AI](https://millionrounds.com/company/snorkel-ai)
- [Basecamp Research](https://millionrounds.com/company/basecamp-research)
- [BigHat Biosciences](https://millionrounds.com/company/bighat-biosciences)
- [Forward Networks](https://millionrounds.com/company/forward-networks)
- [Character Biosciences](https://millionrounds.com/company/character-biosciences)
- [Beacon Biosignals](https://millionrounds.com/company/beacon-biosignals)
- [Endor Labs](https://millionrounds.com/company/endor-labs)
- [Arbor Biotechnologies](https://millionrounds.com/company/arbor-biotechnologies)
- [Network Bio](https://millionrounds.com/company/network-bio)
- [Octave](https://millionrounds.com/company/octave)
- [Inworld AI](https://millionrounds.com/company/inworld-ai)
- [*G* Gretel](https://millionrounds.com/company/gretel)
- [Phaidra](https://millionrounds.com/company/phaidra)
- [RunSybil](https://millionrounds.com/company/runsybil)
- [Outtake](https://millionrounds.com/company/outtake)
- [Syllable](https://millionrounds.com/company/syllable)
- [SciFin](https://millionrounds.com/company/scifin)
- [Inductive Bio](https://millionrounds.com/company/inductive-bio)
- [TollBit](https://millionrounds.com/company/tollbit)
- [Empirik](https://millionrounds.com/company/empirik)
- [Metaphysic](https://millionrounds.com/company/metaphysic)

+4 more

## Biotech

19

- [Relay Therapeutics](https://millionrounds.com/company/relay-therapeutics)
- [Celularity](https://millionrounds.com/company/celularity)
- [Alector](https://millionrounds.com/company/alector)
- [MOMA Therapeutics](https://millionrounds.com/company/moma-therapeutics)
- [Aspen Neuroscience](https://millionrounds.com/company/aspen-neuroscience)
- [Inceptive](https://millionrounds.com/company/inceptive)
- [Nested Therapeutics](https://millionrounds.com/company/nested-therapeutics)
- [*CT* Celsius Therapeutics](https://millionrounds.com/company/celsius-therapeutics)
- [ROME Therapeutics](https://millionrounds.com/company/rome-therapeutics)
- [Exai Bio](https://millionrounds.com/company/exai-bio)
- [Parthenon Therapeutics](https://millionrounds.com/company/parthenon-therapeutics)
- [Teckro](https://millionrounds.com/company/teckro)
- [AltPep](https://millionrounds.com/company/altpep)
- [ImmuneID](https://millionrounds.com/company/immuneid)
- [Delve Bio](https://millionrounds.com/company/delve-bio)
- [Sunbird Bio](https://millionrounds.com/company/sunbird-bio)
- [TwinStrand Biosciences](https://millionrounds.com/company/twinstrand-biosciences)
- [*B* BloomAPI](https://millionrounds.com/company/bloomapi)
- [Manifold Bio](https://millionrounds.com/company/manifold-bio)

## Healthtech

6

- [Nusano](https://millionrounds.com/company/nusano)
- [Current Health](https://millionrounds.com/company/current-health)
- [Neocis](https://millionrounds.com/company/neocis)
- [Brightside Health](https://millionrounds.com/company/brightside-health)
- [updoc](https://millionrounds.com/company/updoc)
- [MedArrive](https://millionrounds.com/company/medarrive)

## Big Data & Analytics

3

- [GeneDx](https://millionrounds.com/company/genedx)
- [Owl AI](https://millionrounds.com/company/owl-ai)
- [ScienceIO](https://millionrounds.com/company/scienceio)

## Segment by segment

### AI

28 startups · $4.3B raised

- [**Mirendil**](https://millionrounds.com/company/mirendil) Mirendil is an AI research lab that creates self-accelerating systems that convert computing power into scientific advancements. United States $1.4B
- [*S* **SandboxAQ**](https://millionrounds.com/company/sandboxaq) United States $650M
- [**Humans&**](https://millionrounds.com/company/humans-and) Humans& is a human-centric AI lab founded in late 2025 by a team of experts from Anthropic, xAI, Google, and Stanford. United States $480M
- [**Snorkel AI**](https://millionrounds.com/company/snorkel-ai) Snorkel AI, Inc. United States $350M
- [**Basecamp Research**](https://millionrounds.com/company/basecamp-research) Basecamp Research is an AI lab focused on biological design, specializing in generating and modeling biological data at the trilli United Kingdom $222M
- [**BigHat Biosciences**](https://millionrounds.com/company/bighat-biosciences) BigHat Biosciences is a biotechnology company founded in 2019 and based in San Mateo, California. United States $150M
- [**Forward Networks**](https://millionrounds.com/company/forward-networks) Transforming networks to be more agile, reliable, and secure United States $112M
- [**Character Biosciences**](https://millionrounds.com/company/character-biosciences) Character Biosciences is a precision medicine company founded between 2018 and 2019, focusing on transforming drug development for United States $110M

### Biotech

19 startups · $2.4B raised

- [**Relay Therapeutics**](https://millionrounds.com/company/relay-therapeutics) Relay therapeutics is a developer of an allosteric drug-discovery platform intended to apply computational techniques to protein motion. United States $932M
- [**Celularity**](https://millionrounds.com/company/celularity) Celularity is a clinical-stage biotechnology company developing off-the-shelf placental-derived allogeneic cell therapies. United States $270M
- [**Alector**](https://millionrounds.com/company/alector) Alector is a biopharmaceutical company that develops therapies for the treatment of neurodegeneration diseases. United States $215M
- [**MOMA Therapeutics**](https://millionrounds.com/company/moma-therapeutics) MOMA Therapeutics is a clinical-stage biotechnology company based in Cambridge, Massachusetts, founded in 2020. United States $150M
- [**Aspen Neuroscience**](https://millionrounds.com/company/aspen-neuroscience) Aspen Neuroscience is a biotechnology company that specializes in personalized cell therapies. United States $122M
- [**Inceptive**](https://millionrounds.com/company/inceptive) Inceptive is a biotechnology and artificial intelligence company founded in 2021 and based in Palo Alto, California, with addition United States $100M
- [**Nested Therapeutics**](https://millionrounds.com/company/nested-therapeutics) Nested Therapeutics is a biotechnology company based in Cambridge, Massachusetts, founded in 2021. United States $90M
- [*CT* **Celsius Therapeutics**](https://millionrounds.com/company/celsius-therapeutics) Celsius Therapeutics is a biotechnology company that develops precision medicines for cancer and autoimmune disease patients. United States $83M

### Healthtech

6 startups · $285M raised

- [**Nusano**](https://millionrounds.com/company/nusano) Nusano is a physics company founded in 2016, based in Valencia, California. United States $115M
- [**Current Health**](https://millionrounds.com/company/current-health) We help healthcare reduce risk & cost by monitoring, managing and engaging patients at home. United States $55M
- [**Neocis**](https://millionrounds.com/company/neocis) Neocis is a medical technology company based in Miami, Florida, that specializes in robotic-assisted solutions for the dental indu United States $52M
- [**Brightside Health**](https://millionrounds.com/company/brightside-health) Brightside Health is a San Francisco-based telemental health company founded in 2017. United States $33M
- [**updoc**](https://millionrounds.com/company/updoc) UpDoc is a clinical AI company based in Palo Alto, California, founded in 2023. Australia $23M
- [**MedArrive**](https://millionrounds.com/company/medarrive) MedArrive is a healthcare technology company founded in 2018 that focuses on enhancing in-home care delivery. United States $8.0M

### Big Data & Analytics

3 startups · $169M raised

- [**GeneDx**](https://millionrounds.com/company/genedx) GeneDx uses artificial intelligence and machine learning to analyze patient data to provide insights to transform the practice of medicine. United States $150M
- [**Owl AI**](https://millionrounds.com/company/owl-ai) Owl AI is an AI-driven sports technology company based in Boulder, Colorado. United States $11M
- [**ScienceIO**](https://millionrounds.com/company/scienceio) ScienceIO develops a biomedical language platform to transform complex medical text into usable data and actionable insights. United States $8.0M

**How this map is made.** Every startup here has raised money in a round we track that names S32 as an investor, the first in 2017. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[VC firm · United States **Techstars** 1,119 startups · 12 sectors · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map)[VC firm · United States **Alumni Ventures** 745 startups · 12 sectors · $64B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-portfolio-map)[VC firm · United States **Andreessen Horowitz** 694 startups · 12 sectors · $497B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-portfolio-map)[VC firm · United States **Sequoia Capital** 651 startups · 12 sectors · $677B](https://millionrounds.com/portfolio-maps/sequoia-capital-portfolio-map)[VC firm · United States **SV Angel** 548 startups · 12 sectors · $79B](https://millionrounds.com/portfolio-maps/sv-angel-portfolio-map)[VC firm · United States **General Catalyst** 538 startups · 12 sectors · $230B](https://millionrounds.com/portfolio-maps/general-catalyst-portfolio-map)

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