Matt Kraning
Co-Founder @ Indicator Fund
Stanford, United States
Matt Kraning is a Series A investor at Indicator Fund in Stanford focused on Artificial Intelligence and Software. Matt is cofounder and CTO of Expanse, which created the Attack Surface Management (ASM) category. Matt is an expert in large-scale optimization, distributed sensing, and machine learning algorithms run on massively parallel systems. Prior to co-founding Expanse, Matt worked for DARPA, including a deployment to Afghanistan. Matt holds PhD andMaster’s degrees in Electrical Engineering, and a Bachelor’s degree in Physics, all from Stanford University.
- Total investments:
- 34
- Last investment:
- Lead investor:
- 12%
Last updated:
For AI agents: llms.txt
Industries Matt Kraning invests in
Stages Matt Kraning invests in
Countries Matt Kraning invests in
Round sizes
Round size
- Seed
- $1M–$14M
- Pre-Seed
- $4M–$4.5M
- Series A
- $8M–$38M
Investment Focus
Industry
- Artificial Intelligence 8 (24%)
- Software 7 (21%)
- Information Technology 5 (15%)
- Machine Learning 4 (12%)
- Business Intelligence 4 (12%)
Stage
- Series A 9 (26%)
- Seed 8 (24%)
- Pre-Seed 7 (21%)
- Series B 2 (6%)
- Funding Round 2 (6%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Sapiom
|
The agentic economy is here, but it cannot progress until AI agents can autonomously access and operate across real-world systems and services.Sapiom gives AI agents trusted access to the API economy.We provide the essential infrastructure (KYA, wallets, spending and usage controls, and multi-rail payments) to unlock secure, programmaticcommerce for the AI era.Built for the next era of commerce where agents buy, sell, and negotiate on our behalf.We're backed by world-class investors and are hiring exceptional engineers in SF to define the financial infrastructure for the agentic era.Learn more & join us: https://www.sapiom.ai | $35M / Series A / Aug 05, 2026 | |
Heaviside Industries
|
Heaviside Industries is a defense technology company that develops autonomous precision munitions for land, air, and sea systems. | $28M / Series A / May 11, 2026 | |
Axiom
|
Axiom Math AI is information technology startup that builds self-improving superintelligence. | $200M / Series A / Mar 12, 2026 | |
|
Sapiom
|
The agentic economy is here, but it cannot progress until AI agents can autonomously access and operate across real-world systems and services.Sapiom gives AI agents trusted access to the API economy.We provide the essential infrastructure (KYA, wallets, spending and usage controls, and multi-rail payments) to unlock secure, programmaticcommerce for the AI era.Built for the next era of commerce where agents buy, sell, and negotiate on our behalf.We're backed by world-class investors and are hiring exceptional engineers in SF to define the financial infrastructure for the agentic era.Learn more & join us: https://www.sapiom.ai | $15.8M / Seed / Feb 05, 2026 | |
Phylo
|
Phylo provides an integrated workspace with AI-assisted tools to support planning, execution, and review of biological research. | $13.5M / Seed / Feb 03, 2026 | |
Twenty Technologies
|
Twenty Technologies builds cyber warfare software to automate and accelerate offensive cyber operations. | $38M / Series A / Nov 20, 2025 | |
Summation
|
Summation delivers a decision-grade AI platform that helps enterprise teams to generate insights, automate workflows, and surface strategic opportunities. It consolidates data across systems such as ERP, CRM, EPM, and warehouses and enables leaders to trace analytical results back to source records for auditability and confidence. The platformincludes modules for finance, operations, revenue, and executive overview.Summation supports “Verified Tasks,” which automate report generation and analysis, and “Deep Dive,” which uses AI agents to explore large numbers of business questions in parallel. During deployment, the company offers a “Forward Deployed” model in which its engineers collaborate with clients to map workflows, model key metrics, and integrate systems. | $12.4M / Seed / Oct 01, 2025 | |
Composite
|
Reinventing knowledge work in your browser | $5.6M / Seed / Sep 30, 2025 | |
Wispr Flow
|
Think it, speak it, send it. Effortless voice dictation for Mac and now Windows! | $30M / Series A / Jun 24, 2025 | |
Peregrine Technologies
|
Peregrine creates technology to help public safety agencies make data-driven decisions, power the operations, and maintain strong community relationships. Its software fuses disconnected data across secure networks and empowers public safety leaders with new ways to search, analyze, and collaborate. The company delivers industry-leading privacy andsecurity controls to help government institutions unlock complex data workflows, enable new types of public-private partnerships, and build trust with the communities they serve. | $190M / Series C / Mar 04, 2025 | |
| See all 34 investments → | |||
Co-Investors
About Indicator Fund
Indicator Fund is a seed-stage investment fund that invests in technology-focused entrepreneurs.
Indicator Fund Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Abe Othman
Co-Founder
|
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Matt Kraning
Co-Founder
|
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3 more contacts available
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FAQ
What does Matt Kraning invest in?
Matt Kraning invests primarily in Artificial Intelligence, Software and Information Technology startups, most often at Series A and Seed stage. Most of the 34 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Matt Kraning's check size?
Matt Kraning typically joins rounds of $1M–$14M at Seed, $4M–$4.5M at Pre-Seed and $8M–$38M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Matt Kraning participates in.
When did Matt Kraning last invest?
The most recent investment recorded for Matt Kraning closed in Aug 2026. Shizune tracks 34 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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