# PGV

> PGV is a VC fund in Fremont backing Cyber Security and Machine Learning. See 15 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Fremont, United States
- Total investments: 15
- Last investment: Oct 2024
- Lead investor: 60%
- Last updated: Aug 2026
- Website: https://punja.vc

PGV is a VC fund in Fremont focused on Cyber Security and Machine Learning. Punja Global Ventures operates as an investment firm in blockchain companies.

## Contacts

5 contacts available for PGV. Shizune tracks 3 team members at PGV. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/punja-global-ventures?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cyber Security | 2 | 13% |
| Machine Learning | 2 | 13% |
| Artificial Intelligence | 2 | 13% |
| B2B | 1 | 7% |
| SaaS | 1 | 7% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 13% |
| Pre-Seed | 2 | 13% |
| Series A | 2 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Herbert Madan | Partner | 3 | https://shizune.co/investors/profile/herbert-madan |
| Paul Sethi | Partner | 41 | https://shizune.co/investors/profile/paul-sethi |
| Rimmo Jolly | Partner | 1 | https://shizune.co/investors/profile/rimmo-jolly |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| DeNexus | DeNexus delivers an end-to-end cyber risk management solution for industrial sectors and critical infrastructures with network-connected equipment such as energy, manufacturing, data center facilities, and transportation sectors. CISOs, OT Facility Managers, Cybersecurity Practitioners, Executive Boards in Global 2000, and Insurers need bettercyber risk business and financial metrics for Operational Technology (OT) assets. They rely on DeNexus to enable efficient cyber risk management - avoidance, mitigation, transfer, or acceptance. | $17.5M | Series A | Oct 16, 2024 |  |
| STYRK AI | Styrk's mission is to enable enterprises to overcome security, trust and privacy issues in adopting and using AI.We are based in Silicon Valley. We develop cutting edge technology and proprietary solutions to measure, monitor and mitigate vulnerabilities in AI models. As AI adoption is increasing, the adversaries are maturing and regulationsare catching up. Styrk's fully-automated solution helps address adversarial vulnerabilities, privacy concerns and bias in LLMs and traditional AI models. With Styrk you can focus on using AI to its full potential and let us deal with any headwinds that may slow you down. | $1M | Pre-Seed | May 01, 2024 |  |
| Paceline | Paceline is bringing together the worlds of health & wellness and financial services to change the nature of preventive health in society. We’re building a best-in-class fitness rewards platform and innovative financial ecosystem, powered by physical activity, with the goal of helping people live longer, healthier, and better lives. |  | Series A | Jan 01, 2024 |  |
| Ten Key Labs | Ten Key Labs develops a transparent operating system with the goal of bringing programmable money to businesses. The company provides a next-generation platform for modern entrepreneurs that is powered by AI. | $7.7M | Seed | Oct 03, 2023 |  |
| Global Tracking AI | GlobalTracking uses state of the art Web3.0 technology to create auditable records of all transactions and advanced IoT sensors, including GPS, temperature, humidity and shock sensors, to ensure transparency and security; enabling customers to track the location and condition of their cargo throughout the supply chain, receive alerts on impacts andmishandling, and comply with stringent quality standards. | $1.5M | Pre-Seed | Sep 15, 2023 |  |
| Absolute Labs | Absolute Labs provides an infrastructure for identifying, segmenting, engaging, and managing customers in Web 3. They offer NFT marketplaces, asset publishers, chains, protocols, payment platforms, exchanges, games, and brands. | $8M | Seed | Apr 11, 2023 |  |
| Polygraf | Polygraf creates AI-powered tools to combat fake & malicious digital content. Organizations using the Polygraf Trust Engine benefit from real-time authentication, analytics and insights that power growth. Polygraf is set to address the growing challenges posed by human and AI-generated misinformation head-on. Polygraf’s multilayer AI protocolcan be used to authenticate any kind of digital text, audio & video content for consumers, businesses and government organizations. The protocol is now capable of detecting and authenticating both AI and human-generated content and determining its trustworthiness in real-time, as is showcased in the Polygraf browser extension. The company was ranked as the Top Analytics Startup to Watch Globally by Dealroom, and listed on Top Startups in Austin by the Greater Austin Chamber of Commerce, and SXSW/Established Startup Of The Year 2023 Top 10. | $1.7M | Seed | Feb 01, 2023 |  |
| Polygraf | Polygraf creates AI-powered tools to combat fake & malicious digital content. Organizations using the Polygraf Trust Engine benefit from real-time authentication, analytics and insights that power growth. Polygraf is set to address the growing challenges posed by human and AI-generated misinformation head-on. Polygraf’s multilayer AI protocolcan be used to authenticate any kind of digital text, audio & video content for consumers, businesses and government organizations. The protocol is now capable of detecting and authenticating both AI and human-generated content and determining its trustworthiness in real-time, as is showcased in the Polygraf browser extension. The company was ranked as the Top Analytics Startup to Watch Globally by Dealroom, and listed on Top Startups in Austin by the Greater Austin Chamber of Commerce, and SXSW/Established Startup Of The Year 2023 Top 10. | $1.7M | Pre-Seed | Feb 01, 2023 |  |
| MDVerse | MDVerse develops regenerative medicine for drug development, manufacturing, and clinical trials. The company uses disruptive technologies to help pharmaceutical companies, academic institutions, and clinical sites develop and deliver personalized, precision therapies more quickly and efficiently. | $750K | Seed | Jan 01, 2023 |  |
| String | String decentralized develops a network of nodes to provide a secure and dependable internet. The company provides private and secure data storage and transfer, as well as a variety of features such as decentralization, fault tolerance, and interoperability. |  | Seed | Jan 01, 2023 |  |

10 of 15 investments shown.

## Co-investors
- [Caucasus Ventures](https://shizune.co/investors/profile/caucasus-ventures) — VC Fund, 3 deals together
- [Gaingels](https://shizune.co/investors/profile/gaing) — VC Fund, 2 deals together
- [Quansight Initiate](https://shizune.co/investors/profile/quansight-initiate) — VC Fund, 2 deals together
- [10X Capital](https://shizune.co/investors/profile/10x-capital) — VC Fund, 1 deal together
- [Aglaé Ventures](https://shizune.co/investors/profile/aglae-ventures) — VC Fund, 1 deal together
- [Alpha Praetorian Capital](https://shizune.co/investors/profile/alpha-praetorian-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does PGV invest in?

PGV invests primarily in Cyber Security, Machine Learning and Artificial Intelligence startups, most often at Seed and Pre-Seed stage. Most of the 15 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact PGV?

Public channels for PGV include 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 PGV?

The team at PGV includes Herbert Madan (Partner), Paul Sethi (Partner) and Rimmo Jolly (Partner). 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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