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AI Fund

North America, California, United States, Palo Alto

Description

AI Fund, established by renowned AI pioneer Andrew Ng, operates as a distinctive venture firm and studio, exclusively dedicated to building and investing in artificial intelligence companies. Headquartered in Palo Alto, California, the firm leverages its deep expertise in AI to identify, nurture, and scale transformative technologies. Unlike traditional venture capital firms, AI Fund adopts a hybrid model, actively incubating its own AI ventures from inception while also investing in promising external startups. This dual approach allows them to address significant market opportunities by either developing solutions internally or backing visionary entrepreneurs.

The firm's investment thesis centers on early-stage opportunities, primarily targeting seed and Series A rounds. AI Fund seeks companies that are poised to make a substantial impact through the application of advanced AI technologies across various sectors, including healthcare, education, and enterprise solutions. Their team comprises a formidable group of AI researchers, operators, and entrepreneurs, providing portfolio companies with unparalleled strategic guidance, technical support, and operational assistance. This hands-on approach is designed to accelerate growth and mitigate common challenges faced by nascent AI startups.

AI Fund typically deploys initial capital ranging from $1 million to $10 million, depending on the stage and specific needs of the venture. The firm successfully raised $175 million for its inaugural fund, demonstrating strong backing from prominent limited partners such as NEA, Sequoia, and Greylock, as noted in their public descriptions. This substantial capital base, combined with their unique operational model, positions AI Fund as a significant player in the AI investment landscape, capable of providing both financial resources and critical intellectual capital to its portfolio. Their commitment extends beyond mere funding, aiming to forge long-term partnerships that drive the successful commercialization of groundbreaking AI innovations.

Investor Profile

AI Fund has backed more than 44 startups, with 6 new investments in the last 12 months alone. The firm has led 16 rounds, about 36% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States, Armenia.
  • Strong thematic focus on Artificial Intelligence (AI), Machine Learning, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Seed (52%)
  • Series A (18%)
  • Pre Seed (18%)
  • Series B (7%)
  • Series Unknown (5%)

Country Focus

  • United States (91%)
  • Armenia (7%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Machine Learning
  • Software
  • Information Technology
  • E-learning
  • Edtech
  • Saas
  • Health Care
  • Internet
  • Information Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does AI Fund frequently co-invest with?

Owl Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 5
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 9
Sierra Ventures
North America, California, United States, San Mateo
Co-Investments: 4
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 3
Benhamou Global Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Silicon Valley Data Capital
North America, California, United States, Mountain View
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 3
Point Nine
Europe, Berlin, Germany, Berlin
Co-Investments: 2
Decibel Partners
North America, California, United States, Menlo Park
Co-Investments: 3

Which angels does AI Fund often collaborate with?

CR
North America, California, United States, San Francisco
Shared Deals: 1
JD
North America, California, United States, Palo Alto
Shared Deals: 1
RH
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, Washington, United States, Seattle
Shared Deals: 1
PD
North America, New York, United States, New York
Shared Deals: 1
YL
North America, New York, United States, New York
Shared Deals: 1
AH
Europe, Sweden
Shared Deals: 1
EB
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by AI Fund?

Callidus Legal AI

Mckinney, Texas, United States

SaaS

Information TechnologyInternet
Series AJul 15, 2025
Amount Raised: $10,000,000
Workhelix

Palo Alto, California, United States

Workhelix is a developer of workforce management platform to assist with business management.

Artificial Intelligence (AI)Information TechnologySoftware
Series AFeb 27, 2025
Amount Raised: $15,000,000
Gaia Dynamics

Palo Alto, California, United States

Gaia Dynamics provides customs brokers, consultants, and brands with the necessary tools to effortlessly navigate global trade.

Pre SeedFeb 11, 2025
Amount Raised: $1,500,000
Affineon Health

Denver, Colorado, United States

Healthcare is an AI inbox platform that automates administrative tasks for healthcare providers.

Health CareOffice AdministrationPaaS
SeedFeb 3, 2025
Amount Raised: $5,000,000
Jivi

Palo Alto, California, United States

Jivi is transforming healthcare with its sophisticated AI conversational platform.

Artificial Intelligence (AI)Health CareInformation TechnologyInternet
SeedOct 8, 2024
Affineon Health

Denver, Colorado, United States

Healthcare is an AI inbox platform that automates administrative tasks for healthcare providers.

Health CareOffice AdministrationPaaS
SeedOct 2, 2024
Credo AI

Palo Alto, California, United States

Responsible AI Governance Platform

Artificial Intelligence (AI)Machine LearningSaaS
Series BJul 30, 2024
Amount Raised: $21,000,000
Speechlab, Inc.

San Francisco, California, United States

Speechlab is making the world accessible to people who speak different languages using generative AI for speech-to-speech translation.

Artificial Intelligence (AI)Digital MediaGenerative AIInformation TechnologyNatural Language ProcessingSoftwareSpeech RecognitionTranslation Service
Pre SeedJun 19, 2024
Amount Raised: $2,900,000
ValidMind

Palo Alto, California, United States

ValidMind is an AI Governance and Risk Management solution provider focused on the Financial Services industry.

Artificial Intelligence (AI)BankingFinancial ServicesInformation TechnologyInsuranceMachine LearningRisk ManagementSoftware
SeedMar 27, 2024
Amount Raised: $8,100,000
Podcastle

Yerevan, Yerevan, Armenia

Podcastle is an all-in-one online platform for podcasters to create, enhance, and distribute their podcasts.

Artificial Intelligence (AI)Information ServicesMachine LearningPodcast
Series AFeb 1, 2024
Amount Raised: $13,500,000