Oakley Touring Venture Fund

Next generation software fund 

Touring I was founded in 2023 as a dedicated fund to invest in and grow a new generation of enterprise software companies globally. It brings together a diverse and highly technical team who have previously worked together to build a number of global venture investing franchises, including Qualcomm Ventures and M12, Microsoft’s venture fund.

Next generation software

The team will be investing a dedicated pool of capital, targeting a strong pipeline of investment opportunities in proven next-generation software businesses for the modern worker, powered by generative AI. 

Focused on growth prospects

Touring will focus primarily on Series B and C venture opportunities, investing in proven businesses with strong growth prospects.

 

OCI commitment
OCI is one of a number of investors that has invested in Touring as at 30 June 2024.

$100m

Exaforce

Founded in 2023 and headquartered in California, Exaforce is a cybersecurity software company for cloud security operations teams. Over H1, Exaforce’s product platform saw strong market validation from a number of enterprise customers.

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Netradyne

Netradyne is a leading provider of fleet management software that pairs cutting-edge AI with real-time video monitoring to create a safe driving system. Netradyne continued its strong growth in H1 2024, driven by strong sales momentum and marquee new enterprise logo wins.

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Numa

Provider of AI-powered communications software that enables service departments of US automotive retail dealerships to automate and enhance customer service operations. Numa continued its strong sales momentum in the period, continuing to penetrate independently-owned dealerships and a number of the largest dealership groups across the United States.

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Pixis

AI-powered marketing infrastructure platform that enables marketers to achieve significantly improved marketing performance through campaign automation and optimisation. Pixis saw a number of notable new logo wins in the period. Pixis continues to make meaningful technical progress on its embedded AI marketing co-pilot, as well as its creative image and video generation suite.

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SafeBase

Founded in 2019 and headquartered in San Francisco, California, SafeBase is a security and compliance software company that enables software vendors to automate and streamline security review processes. Over H1 2024, SafeBase demonstrated continued strong enterprise sales momentum and is seeing strong demand for several AI-powered modules. 

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Daloopa

Founded in 2019, Daloopa is a data software provider for the financial services industry. With AI, Daloopa extracts financial information across thousands of public financial documents, which is then verified, cleaned and databased for easy access. Over H1 2024, Daloopa saw continued revenue growth in its core hedge fund segment.

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Cusp AI

Cusp AI is a London-based software company developing a cutting edge “inverse design solver” using generative AI and reinforcement learning for optimal end-to-end design across a range of materials science applications. Following acquisition in Q2 2024, the first application domain that CuspAI will be focused on will be the development of new candidates for carbon sustainability in a class of materials known as MOFs (metal oxide frameworks) and COFs (covalent organic frameworks).

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