Sumant is Managing Partner and co-founder of LA-based March Capital, in addition to being co-founder of two leading technology incubators in the San Francisco Bay Area; The Hive, focused on AI and Blockchain driven companies, and The Fabric, focused on cloud, IoT and network infrastructure companies. He has been part of incubating more than 25 companies. Sumant leads investments in Cloud Computing, IoT, AI/ML, and Network Infrastructure as well as companies supporting the Indian market. He currently serves on the boards of numerous market-leading companies, including BillDesk, CarTrade, IoTium, SparkCognition, Uniphore, 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. His exits include Velocloud Networks (acquired by VMWare), Perspica Systems (acquired by Cisco), 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. Prior to Clearstone, Sumant spent more than eight years as an entrepreneur, starting companies in both India and the United States.
Sumant has an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, and a B.S. in Electrical Engineering from Michigan State University. He is a Charter Member of TiE.