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AI Fund

Founders Andrew Ng

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 41
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 26
Rounds per year 5.86
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Key employees 7
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Artificial Intelligence
  • Machine Learning
  • Software
  • Information Technology
  • Information Services
Summary

The venture was found in North America in United States. The leading representative office of defined VC is situated in the Palo Alto.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Woebot Labs Besides, a startup requires to be at the age of 1 and less years to receive the investment from the fund. Among the most popular fund investment industries, there are Information Technology, Machine Learning.

The fund is generally included in less than 2 deals every year. The important activity for fund was in 2018. The usual things for fund are deals in the range of 5 - 10 millions dollars.

The fund was created by Andrew Ng.

The usual cause for the fund is to invest in rounds with 2 partakers. The meaningful sponsors for the fund in investment in the same round are New Enterprise Associates.

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Typical Co-investors
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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

ValidMind

$8M27 Mar 2024 Palo Alto, California, United States

Podcastle

Artificial Intelligence
Information Services
Machine Learning
Podcast
$13M01 Feb 2024 Yerevan, Armenia

CallidusAI

Information Technology
Internet
22 Jan 2024 -

Sunrise AI

01 Oct 2023 -

Meeno

Artificial Intelligence
Information Technology
Personal Health
$3M26 Sep 2023 San Francisco, California, United States

Paxton AI

Artificial Intelligence
Legal
Legal Tech
$6M19 Sep 2023 Portland, Oregon, United States

Kira Learning

Artificial Intelligence
$15M08 May 2023 Palo Alto, California, United States

Kula

$1M01 May 2023 Los Angeles, California, United States

Amorai

Artificial Intelligence
Information Technology
Personal Health
27 Apr 2023 San Francisco, California, United States
News
Workera.ai Lands $16M Series A Financing

– Workera.ai, a precision upskilling platform, has closed a $16m Series A round.
– The round was led by NEA alongside existing investors Owl Ventures and AI Fund, as well as AI luminaries Richard Socher of AIX Ventures, Pieter Abbeel, Lake Dai and Mehran Sahami.
– This new infusion of capital will be used to accelerate product development and fuel the company’s go-to-market strategy.

Woebot Health Raises $90M in Series B Funding

– Woebot Health from San Francisco, CA develops relational technologies for mental health.
– Company raised $90m in Series B funding.
– The round was led by existing investor Jazz Venture Partners and Temasek with participation from funds and accounts managed by BlackRock Private Equity Partners and Owl Ventures, Mirae Asset Capital, Kicker Ventures, Alumni Ventures and Gaingels as well as existing investors NEA and AI Fund.
– The new investment will be used to accelerate further development of its relational platform and technologies, advance its lead digital therapeutic candidates, and expand its team and go-to-market activities.

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Total investments 41
Average round size 9M
Rounds per year 5.86
Peak activity year 2021
Lead investments 6
Follow on index 0.34
Group Appearance index 0.83

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

ValidMind

$8M27 Mar 2024 Palo Alto, California, United States

Podcastle

Artificial Intelligence
Information Services
Machine Learning
Podcast
$13M01 Feb 2024 Yerevan, Armenia

CallidusAI

Information Technology
Internet
22 Jan 2024 -

Sunrise AI

01 Oct 2023 -

Meeno

Artificial Intelligence
Information Technology
Personal Health
$3M26 Sep 2023 San Francisco, California, United States

Paxton AI

Artificial Intelligence
Legal
Legal Tech
$6M19 Sep 2023 Portland, Oregon, United States

Kira Learning

Artificial Intelligence
$15M08 May 2023 Palo Alto, California, United States

Kula

$1M01 May 2023 Los Angeles, California, United States

Amorai

Artificial Intelligence
Information Technology
Personal Health
27 Apr 2023 San Francisco, California, United States
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