Sumant Mandal
Co-Founder and Managing Partner @ March Capital
Santa Monica, United States
Sumant Mandal is a Series B investor at March Capital in Santa Monica focused on Software and Artificial Intelligence. Sumant is Managing Director and cofounder of LA-based March Capital Partners, in addition to being cofounder of two leading technology incubators in the San Francisco Bay Area, The Hive, which focuses on AI and Blockchain driven companies, and The Fabric, which focuses on cloud, IoT and network infrastructure companies. Sumant invests in CloudComputing, IoT, AI/ML, and Network Infrastructure as well as companies focused on the Indian market. Sumant currently serves on the boards of numerous market leading companies, including BillDesk, The Rubicon Project, CarTrade, IoTium, and Xage Security. In his nearly two decades of venture capital, Sumant has generated multiple meaningful exits in companies he has either incubated or been the first institutional investor. Most recently, Sumant played an integral role in VMWare’s acquisition of cloud networking startup VeloCloud, as well as Cisco’s acquisition of machine-learning startup Perspica, both in late 2017. As an active board member, and investor in both companies, Sumant fostered their development and growth since their formations at The Fabric and The Hive, respectively. Other companies that he has incubated and helped lead to a successful exit include The Rubicon Project (NYSE:RUBI), Kosei (acquired by Pinterest), Appcito (acquired by A10 Networks), Deep Forest Media (acquired by Rakuten), Kazeon Systems (acquired by EMC), Mimosa Systems (acquired by Iron Mountain), Ankeena Networks (acquired by Juniper), Cetas (acquired by VMware), and Apture (acquired by Google).In 2000, Sumant joined Clearstone Venture Partners where he went on to become a Managing Director four years later. In 2014, he cofounded March Capital Partners, which has since grown to $500M under management. Prior to Clearstone, Sumant spent more than eight years as an entrepreneur, starting companies in both India and the United States. Sumant has an MBA from the Kellogg Graduate School of Management at Northwestern University, and a BS in Electrical Engineering from Michigan State University. He is a Charter Member of TiE.
- Total investments:
- 35
- Last investment:
- Lead investor:
- 49%
Last updated:
For AI agents: llms.txt
Industries Sumant Mandal invests in
Stages Sumant Mandal invests in
Countries Sumant Mandal invests in
Contacts
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Investment Focus
Industry
- Software 9 (26%)
- Artificial Intelligence 5 (14%)
- Machine Learning 4 (11%)
- Network Security 4 (11%)
- SaaS 3 (9%)
Stage
- Series B 9 (26%)
- Series C 8 (23%)
- Series A 7 (20%)
- Series D 2 (6%)
- Series F 2 (6%)
Country
- United States 18 (51%)
- India 3 (9%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Together AI
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Together AI provides a cloud platform for developing, training, fine-tuning, and deploying generative artificial intelligence models using open-source technologies. Its services include serverless and dedicated model inference, GPU compute infrastructure, managed storage, code sandboxes, and model customization tools that support AI applicationdevelopment and production workloads. The platform also offers APIs and deployment options that enable developers and organizations to build, run, and manage language, image, audio, vision, and code models without maintaining underlying infrastructure. | $800M / Series C / Jul 01, 2026 | |
Uniphore
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Uniphore is a global conversational AI technology company that offers a customer service platform that is powered by AI and automation technologies. The company’s vision is to bridge the gap between people and machines through voice. Uniphore enables businesses globally to deliver transformational customer service by providing a platform ofConversational Analytics, Conversational Assistant, and Conversational Security that changes the way enterprises engage their consumers, build loyalty and realize efficiencies.It was founded in 2008 and has offices in the U.S., India, and Singapore. | $260M / Series F / Oct 22, 2025 | |
Extend
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Extend provides digital card solutions for businesses. Using their existing credit card, companies and innovators everywhere can now access the full power of virtual cards for their businesses, products, and clients. Extend offers several products, including a suite of aggregated virtual card APIs, a digital corporate card app, and anindustry-first card tokenization service. | $20M / Sep 18, 2025 | |
Xage Security
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Xage Security blocks cyberattacks, secures local and remote access, and protects all assets across the enterprise. | $60.2M / Series B / Nov 02, 2023 | |
Nile
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Nile is disrupting the enterprise network market by modernizing IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, its Nile Access Service integrates zero trust security and offers performance guarantees. With Nile, IT organizations close the gap betweentheir digital aspirations and legacy realities, reduce their total cost of ownership by more than 60%, and recover critical IT resources while their users gain superior connectivity. For more information, visit nilesecure.com/journey. | $175M / Series C / Aug 01, 2023 | |
Avathon
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SparkCognition is an artificial intelligence technology startup that builds AI technology solutions for industrial applications. A highly awarded company recognized for cutting-edge technology, SparkCognition develops AI-Powered cyber-physical software for the safety, security, and reliability of IT, OT, and the IoT. The company's technologyis capable of harnessing real-time sensor data and learning from it continuously, allowing for more accurate risk mitigation and prevention policies to intervene and avert disasters.SparkCognition’s cognitive software, DeepArmor, is utilized to prevent and detect malware with a high level of accuracy and efficacy by using advanced machine learning and artificial intelligence. They help customers analyze complex data, empower decision making, and transform human and industrial productivity with award-winning machine learning technology and expert teams focused on defense, IIoT, and finance. | $123M / Series D / Jan 25, 2022 | |
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Extend
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Extend provides digital card solutions for businesses. Using their existing credit card, companies and innovators everywhere can now access the full power of virtual cards for their businesses, products, and clients. Extend offers several products, including a suite of aggregated virtual card APIs, a digital corporate card app, and anindustry-first card tokenization service. | $40M / Series B / Oct 27, 2021 | |
CarTrade
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CarTrade.com is India’s leading online automotive market for buyers and sellers of new and used vehicles. Our car auctions take place across more than 80 cities with over 1200 dealers participating in these auctions. This enables us to empower the buyers and the seller to choose the most suitable vehicles at the most affordable prices. | $42.6M / Series H / Jun 03, 2020 | |
FogHorn
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FogHorn is a developer of “edge intelligence” software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization,proactive maintenance and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle applications. | $25M / Series C / Feb 25, 2020 | |
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Nile
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Nile is disrupting the enterprise network market by modernizing IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, its Nile Access Service integrates zero trust security and offers performance guarantees. With Nile, IT organizations close the gap betweentheir digital aspirations and legacy realities, reduce their total cost of ownership by more than 60%, and recover critical IT resources while their users gain superior connectivity. For more information, visit nilesecure.com/journey. | $110M / Series B / Jan 01, 2020 | |
| See all 35 investments → | |||
Co-Investors
About March Capital
March Capital is a venture growth firm headquartered in Santa Monica, California and investing globally since 2014. March identifies entrepreneurs with a provocative vision to companies poised, then dares to go all in by leading rounds with deep conviction and concentration risk. With $1B+ in capital over 4 funds and across 30 market technologycompanies, March accelerates the digital transformation of Cloud-based software, automation, AI, and IT infrastructure. Its vision is to create a technology investment platform by combining intense sector focus, patience, access to a network (including founding The Montgomery Summit), and portfolio engagement to inspire and accelerate extraordinary companies.
March Capital Contacts
| Name | Phone | Socials | |
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Brad Weirick
Partner and General Counsel
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Cisco Liquido
Vice President
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Dana Moraly
Partner/Chief Financial & Administrative Officer
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Gregory Milken
Co-Founder and Managing Partner
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Hyun Koo
Partner
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FAQ
What does Sumant Mandal invest in?
Sumant Mandal invests primarily in Software, Artificial Intelligence and Machine Learning startups, most often at Series B and Series C stage. Most of the 35 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 Sumant Mandal?
Public channels for Sumant Mandal 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.
When did Sumant Mandal last invest?
The most recent investment recorded for Sumant Mandal closed in Jul 2026. Shizune tracks 35 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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