Wing Venture Capital is the Palo Alto-based early-stage venture fund that bets on the AI-first transformation of business before it becomes obvious. Founded in 2013 by Gaurav Garg and Peter Wagner, with partners including Jeff Schneble and CFO Hilary Strain, Wing leads Seed and Series A financings and describes its thesis bluntly: "We fund inevitabilities, not trends."
That thesis is organised around seven investment themes that map where the firm believes AI creates enterprise value: Agents and AI-Native Industries, AI Infrastructure, Enterprise AI Enablement, Physical AI (robotics and the real world), Domain-Specific AI (new foundation models and data), AI Security and Healthcare AI. It is a company-building shop as much as a cheque-writing one — the firm says it has helped build more than 25 different billion-dollar companies, engaging deeply with founders from seed to category leadership.
The portfolio backs up the claim. Wing's current and historical names include data cloud pioneer Snowflake, data security leader Cohesity, voice AI platform Deepgram, revenue intelligence platform Gong, mental-health platform Rula, model-training data company Voyage AI, retirement benefits platform Human Interest and engineering management platform Jellyfish. Gong CEO Amit Bendov credits Wing with seeing the AI and data potential in Gong "when it wasn't obvious to most folks"; Cohesity's Sanjay Poonen praises the firm's steadiness on hard decisions; Deepgram's Scott Stephenson says Wing "got it" before anyone else did.
Wing also shapes the enterprise technology conversation through Enterprise Tech 30 (ET30), its annual research list of the most promising private enterprise tech companies. The eighth annual edition, released in March 2026, marked the year AI agents moved from demo to production — and noted late- and giga-stage valuations and round sizes expanding as companies raise larger rounds faster.
For founders building AI-first enterprise products, Wing is one of the few firms whose entire identity is organised around AI's inevitability rather than its hype cycle. The firm asks to hear from ambitious founders building the AI-first economy, and can be reached at [email protected].
Why it matters for founders
Wing is purpose-built for AI-first enterprise founders raising seed or Series A: its seven-theme thesis tells you exactly where it wants to invest, and its record of backing category definers like Snowflake and Gong shows it will lead early, "before it's obvious." If your startup fits one of Wing's AI themes, the firm's ET30 research is worth reading first — it signals exactly how Wing sees your market evolving.