Ursheet Parikh
Partner
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- Full Name
- Ursheet Parikh
- Title
- Partner
- Firm
- Mayfield
- Firm Type
- Early-stage venture capital firm
- Investment Stage
- Inception, Seed, Series A; selective follow-on/growth through Mayfield Select
- Check Size
- $500K-$15M reported range; Mayfield AI Start states a first institutional check of $1M-$4M for AI founders starting at Day Zero
- Target Company Profile
- Technical founders building category-defining companies early in the company life cycle, especially products requiring deep expertise, customer empathy, strong founder learning agility, and potential to become category leaders
- Sector Focus
- AI, enterprise infrastructure, cybersecurity, cloud computing, human health, planetary health, engineering biology
- Geographic Focus
- Primarily U.S./Silicon Valley and West Coast for AI Start; Mayfield also has portfolio activity in India
- Location
- San Francisco Bay Area / Menlo Park, California
Background
Ursheet Parikh is a Partner at Mayfield, where he invests in AI, enterprise infrastructure, and human & planetary health. Mayfield says he partners with founders "deeply and early" in the company life cycle on products tied to generational technology and market trends.
Before becoming an investor, Parikh was an operator and founder. He co-founded StorSimple in 2009 and served as CEO; Microsoft acquired the cloud-integrated storage company in 2012. He later worked at Microsoft and previously held product and executive roles at Cisco and Andiamo Systems, a storage networking startup acquired by Cisco. He also worked at Deloitte Consulting.
Parikh joined Mayfield in 2013. His Mayfield profile lists current founder partnerships including Balbix, Chemix, Highway 9 Networks, Mammoth Biosciences, Mirvie, Obot, Qventus, Qwiet.AI, and Versa Networks. Mayfield says exits from his early founder partnerships have generated more than $1.5B in exit value, including Rancher Labs, CloudGenix, and Foodsmart.
He holds an MBA from the Wharton School and a Bachelor's in Computer Science & Engineering from IIT Mumbai, where he received the Young Alumni Achiever Award in 2015. He is also a founder of Plaksha University and a founding board member of The Digital Health Hub Foundation.
Investment Thesis & Focus
- Invests at inception, Seed, and Series A, with Mayfield's early fund focused on inception and early customer adoption.
- Mayfield AI Start targets AI founders at Day Zero, including pre-product teams, and says it likes to be the first institutional check for $1M-$4M.
- Focuses on AI, enterprise infrastructure, cloud, cybersecurity, human health, planetary health, and engineering biology.
- Looks for hard problems, hard-to-replicate solutions, customer empathy, product-market evidence, and founder learning agility; Parikh says, "a company cannot go faster than its founders."
- In engineering biology and health, favors built-to-last platform companies that can become sustainable businesses, not only asset-sale biotech companies.
- Values category leadership and storytelling: he argues founders should not be "a best-kept secret" when trying to attract talent, customers, partners, and investors.
- Prefers founders who can acknowledge gaps in a pitch rather than reflexively defend every weakness; he says investors are testing whether they can have productive board-level conversations with the founder.
Notable Investments
- Mammoth Biosciences - CRISPR diagnostics and therapeutics platform co-founded by Jennifer Doudna, Trevor Martin, Janice Chen, Lucas Harrington, and Ashley Tehranchi; Mayfield led a $23M Series A in 2018, and Parikh joined the board.
- Rancher Labs - Open-source Kubernetes/container management platform; Parikh led Mayfield's Series A investment and joined the first board, with Rancher later acquired by SUSE in 2020.
- CloudGenix - SD-WAN company acquired by Palo Alto Networks; Mayfield lists it among exits from Parikh's early founder partnerships.
- Foodsmart - Telenutrition and foodcare network; Mayfield lists it as a milestone investment acquired by TPG.
- Highway 9 Networks - Mobile cloud infrastructure for distributed enterprise AI; Mayfield led a $25M inception round announced in February 2024.
- Obot - Enterprise MCP gateway/control plane for AI management; Mayfield co-led a $35M seed round with Nexus in September 2025.
- Chemix - GenAI-powered battery developer; raised a $20M Series A in April 2024 with Mayfield participation.
- Qventus - AI teammates and operations automation for hospital operations; Mayfield lists Parikh on the team for the company.
- Qwiet.AI - Application security/code analysis platform with GenAI autofix; Mayfield lists it as a current Parikh partnership.
- Versa Networks - Secure WAN networking/SASE platform; Mayfield lists it as a current Parikh partnership and unicorn.
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