# N47

> N47 is a VC fund in Palo Alto backing Software and Information Technology. See 248 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Palo Alto, United States
- Total investments: 248
- Last investment: May 2026
- Lead investor: 30%
- Last fund: Feb 2014
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/next47/
- X (Twitter): https://twitter.com/next47
- Website: https://next47.com

N47 is a VC fund in Palo Alto focused on Software and Information Technology. Next47 is a $1.2 billion independent, global venture firm backed by Siemens AG. We specialize in enterprise-focused businesses, make fast decisions and share deep conviction with the teams we invest in. We have the resources and the motivation to unleash maximum potential in every startup we work with. We leverage our own global footprint as wellas the Siemens ecosystem that spans a broad set of industries across hundreds of countries and regions worldwide.

## Contacts

5 contacts available for N47. Shizune tracks 15 team members at N47. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/next47?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $4M–$35M |
| Series B | $6.6M–$54M |
| Series C | $9.5M–$120M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 58 | 23% |
| Information Technology | 25 | 10% |
| Enterprise Software | 22 | 9% |
| Artificial Intelligence | 20 | 8% |
| SaaS | 18 | 7% |

179 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 46 | 19% |
| Series C | 41 | 17% |
| Series A | 35 | 14% |
| Funding Round | 27 | 11% |
| Series D | 16 | 6% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 99 | 40% |
| Germany | 15 | 6% |
| Israel | 4 | 2% |
| Canada | 3 | 1% |
| United Kingdom | 3 | 1% |

15 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ching-Yu Hu | Partner | 1 | https://shizune.co/investors/profile/ching-yu-hu |
| Colton Dempsey | Senior Associate | 6 | https://shizune.co/investors/profile/colton-dempsey |
| Micah Smurthwaite | Partner | 16 | https://shizune.co/investors/profile/micah-smurthwaite |
| Moshe Zilberstein | Partner | 10 | https://shizune.co/investors/profile/moshe-zilberstein |
| Adiari Vazquez | Associate | 2 | https://shizune.co/investors/profile/adiari-v%C3%A1zquez |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Enzo Health | Enzo Health provides an AI-driven platform for home health and post-acute care by automating clinical documentation, intake workflows, and compliance processes. The company provides an integrated system that connects front-office operations, clinical workflows, and back-office functions, enabling care teams to manage patient journeys from referralthrough reimbursement in a unified environment. Its platform includes core modules such as intake automation, AI-assisted clinical documentation, and quality assurance tools that analyze patient data, validate regulatory requirements, and identify gaps or inconsistencies in real time. These capabilities help agencies process referrals, assess eligibility, and ensure compliance with healthcare standards while reducing manual administrative work and audit risks. | $20M | Series A | May 04, 2026 |  |
| Patlytics | Patent discovery, analytics, comparison, and workflow. Simplified via Artificial Intelligence. | $40.5M | Series B | Apr 08, 2026 |  |
| Patlytics | Patent discovery, analytics, comparison, and workflow. Simplified via Artificial Intelligence. | $40.5M | Series B | Apr 08, 2026 |  |
| Sona | Sona is the next-generation workforce management solution for large frontline operators, where consumer grade design is matched by AI-driven decision making. Combining end-to-end WFM functionality - including Scheduling, Time & Attendance, HR and Payroll - with truly intelligent AI capabilities, Sona enables real-time actionable insights gearedtowards driving revenue and increasing employee satisfaction | $45M | Series B | Apr 01, 2026 |  |
| Sona | Sona is the next-generation workforce management solution for large frontline operators, where consumer grade design is matched by AI-driven decision making. Combining end-to-end WFM functionality - including Scheduling, Time & Attendance, HR and Payroll - with truly intelligent AI capabilities, Sona enables real-time actionable insights gearedtowards driving revenue and increasing employee satisfaction | $45M | Series B | Apr 01, 2026 |  |
| Kai | Kai is an agentic AI platform designed to execute cybersecurity tasks autonomously, integrating multiple security processes into a single workflow. It manages enterprise vulnerabilities, application security (SCA and SAST), identity security, log optimization, and threat detection with automated reasoning at machine speed. The platform performsthreat modeling, controls mapping, cyber asset enrichment, shadow IT discovery, regulatory compliance automation, and SBOM-based exposure profiling. Kai reduces manual workload by triaging vulnerabilities, distilling threat intelligence, and generating precise remediation guidance, enabling security teams to address actionable risks efficiently. It operates continuously, connecting insights across tools and silos, and provides a structured approach to assess, prioritize, and mitigate security threats while maintaining oversight and context across complex environments. | $125M | Series A | Mar 10, 2026 |  |
| Encord | Cord is a collaborative training data platform with algorithmic features designed to automate manual annotation for computer vision, and make it easy to manage and evaluate training data. The company's suite of powerful tools allows for seamless collaboration across roles and teams, from domain-expert annotators to project managers and machinelearning engineers. | $60M | Series C | Feb 26, 2026 |  |
| XBuild | XBuild is an AI-powered construction platform designed to streamline various aspects of the construction process, including estimation, supplementation, permitting, closeout, and instant financing. The platform specifically caters to the construction industry's needs by offering tools for insurance-ready roofing scopes for immediate approvalsand facilitating access to payments immediately after job completion. XBuild aims to simplify the construction workflow, allowing contractors to focus on the building aspect while it handles the administrative and financial tasks. The platform also features a collection of timber construction and hybrid structural solutions for inspiration and practical application. | $19M | Series A | Jan 20, 2026 |  |
| Echo | Echo provides enterprise-grade, CVE-free container base images designed to eliminate vulnerabilities from the start. Their offering targets organizations looking for images that are automatically patched, hardened, and FIPS (Federal Information Processing Standards) validated, supporting strict compliance and security needs. | $35M | Series A | Dec 16, 2025 |  |
| Luminary | Luminary Cloud is an early-stage tech startup that focuses on innovations in computing for enterprise industrial R&D. It is currently developing its initial product in stealth mode. The company was founded in 2019 and is headquartered in Palo Alto, California. | $72M | Series B | Sep 15, 2025 |  |

10 of 248 investments shown.

## Co-investors
- [Bain Capital Ventures](https://shizune.co/investors/profile/bain-capital-ventures) — VC Fund, 14 deals together
- [Third Point Ventures](https://shizune.co/investors/profile/third-point-ventures) — VC Fund, 14 deals together
- [IVP](https://shizune.co/investors/profile/institutional-venture-partners) — VC Fund, 13 deals together
- [Insight Partners](https://shizune.co/investors/profile/insight-partners) — VC Fund, 12 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 11 deals together
- [Felicis](https://shizune.co/investors/profile/felicis-ventures) — VC Fund, 11 deals together

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## FAQ

### What does N47 invest in?

N47 invests primarily in Software, Information Technology and Enterprise Software startups, most often at Series B and Series C stage. Most of the 248 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 N47's check size?

N47 typically joins rounds of $4M–$35M at Series A, $6.6M–$54M at Series B and $9.5M–$120M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds N47 participates in.

### How do I contact N47?

Public channels for N47 include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at N47?

The team at N47 includes Ching-Yu Hu (Partner), Colton Dempsey (Senior Associate) and Micah Smurthwaite (Partner), among 15 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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