WHOOP
Translating biometric data into actionable insights that help everyone from elite athletes to everyday individuals unlock their full health potential.
The future is built by those who deviate.
Deviation is an early-stage venture capital firm backing enduring exceptions built by founders harnessing the accelerating forces of data and computing.
About
With offices in New York and San Francisco and $2B AUM*, we invest at Seed and Series A with a focus on technical teams using data and computing to unlock novel experiences, insights, and discoveries.
Etched
Building full-stack frontier inference systems that deliver an order-of-magnitude better performance than GPUs at a fraction of the cost.
Remote
The all-in-one HR and payroll platform to hire, manage, and pay talent anywhere, compliantly and without borders.
Osmo
Giving computers a sense of smell to improve the health and wellbeing of human life.
Zeromatter
Simulation infrastructure for robotics and autonomy teams to build, test, and train anything.
Gameto
Developing next-generation cell therapies to address critical unmet needs in women's reproductive health health.
Bedrock Robotics
Transforming existing heavy machinery into self-operating equipment to tackle construction's growing labor gap.
Freeform
The world's first AI-native metal manufacturing system using autonomous factories to bring the speed and scalability of software to physical production.
Terray
Advancing human health at the intersection of proprietary data at scale and advanced AI for small-molecule drug discovery.
Rive
Where designers and developers build, animate, and ship real-time interactive experiences across any platform without handoffs or prototypes.
Kalshi
The first regulated prediction market exchange letting anyone trade on the outcome of real-world events, from pop culture to elections.
Team
Updates
Two Sigma Ventures Spins Out, Launches Deviation Capital
Companies
WHOOP
Gameto
Recursion
Bedrock Robotics
Terray Therapeutics
Insitro
Socure
Freeform
Rive
Remote
Etched
Distributional
Wealthsimple
Steadily
Osmo
CoverWallet
Bark Technologies
Radar
Kalshi
Xaira
Zeromatter
Cerby
Featured and full investment list are investments that were made by the Two Sigma Ventures (TSV) team prior to the launch of Deviation Capital LP (Deviation) and held by private funds that are now managed by Deviation. The TSV business, including certain investment vehicles managed by TSV, was spun out to Deviation. Read our announcement: deviation.com/launch. Certain Deviation team members were involved in the approval, sourcing, negotiation and/or execution of the listed investments.
*AUM refers to the gross total assets of all private fund assets and the contractual amount of any uncalled commitments to such private funds, in each case managed by Deviation Capital LP and determined as of December 31, 2025. Listed AUM of $2B is rounded to the nearest $100M.