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The Venture Codex

AI Fund

195 Page Mill Road Suite 115, Palo Alto, CA, 94306, United States

Overview

Venture capital firm accelerating AI adoption and supporting startups.

Deals · 12mo

10

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Armenia
Germany
United States

Sector focus

Artificial Intelligence (AI)

Investment portfolio

47rounds
NAMEDATESIZE
IPercept
Oct 2026Participated
$17 MSeries A
Gaia Dynamics
Sep 2026Participated
$7 MSeed
Relai
Jun 2026Participated
$5 MSeed
SkyfireAI
Apr 2026Participated
$11 MSeed
Netail
Feb 2026Participated
$9 MSeries A
BizTrip AI
Feb 2026Participated
$2 MSeed
IrisGo
Jan 2026Led
$3 MSeed
StrongSuit
Jan 2026Led
$10 MOther Equity
neuland.ai
Jan 2026Led
$4 MSeries A
VIAVIA
Oct 2025Participated
$15 MSeries A
CallidusAI
Jul 2025Participated
$10 MSeed
Hirundo
Jun 2025Participated
$8 MSeed
IPercept
Oct 2026Participated
$17 MSeries A
Gaia Dynamics
Sep 2026Participated
$7 MSeed
Relai
Jun 2026Participated
$5 MSeed
SkyfireAI
Apr 2026Participated
$11 MSeed
Netail
Feb 2026Participated
$9 MSeries A
BizTrip AI
Feb 2026Participated
$2 MSeed
IrisGo
Jan 2026Led
$3 MSeed
StrongSuit
Jan 2026Led
$10 MOther Equity
neuland.ai
Jan 2026Led
$4 MSeries A
VIAVIA
Oct 2025Participated
$15 MSeries A
CallidusAI
Jul 2025Participated
$10 MSeed
Hirundo
Jun 2025Participated
$8 MSeed
47
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Insights

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Deal Distribution

AI Fund: 47 funding rounds are recorded in the selected participation categories.All available history.
AI Fund: 47 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed516
Series A311
Series B02
Other Equity55

Monthly Deal Activity

AI Fund: 47 deals are recorded across 104 months.All available history.
AI Fund: 47 deals are recorded across 104 months. All available history
MonthDeals
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '212
Mar '210
Apr '210
May '211
Jun '210
Jul '212
Aug '211
Sep '210
Oct '212
Nov '212
Dec '211
Jan '220
Feb '220
Mar '221
Apr '220
May '221
Jun '221
Jul '220
Aug '222
Sep '220
Oct '221
Nov '221
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '232
Oct '230
Nov '230
Dec '231
Jan '241
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '253
Mar '250
Apr '250
May '251
Jun '251
Jul '251
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '263
Feb '262
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

AI Fund: AI & Machine Learning is the largest displayed sector by deal count (39 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

AI Fund: AI & Machine Learning is the largest displayed sector by deal count (39 deals). All available history
SectorDeals
AI & Machine Learning39
Enterprise Software17
Professional Services9
Data, Analytics & IT6
Networks, Cloud & Communication6
Health & Life Sciences6
Education & Workforce5
Space & Frontier Tech5
E-Commerce & Retail4
Consumer & Lifestyle3
Manufacturing3
Media & Entertainment3
Transportation & Logistics2
Hardware & Robotics2
Fintech2
Developer Tools2
Travel & Hospitality1
Cybersecurity & Privacy1

Deal Size Distribution

AI Fund: 47 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

AI Fund: 47 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M19
$10M-$25M15
$25M-$50M0
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

AI Fund: United States has the largest recorded deal count among the displayed regions (39 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

AI Fund: United States has the largest recorded deal count among the displayed regions (39 deals). All available history
RegionDeals
United States39
Europe6
750701
Israel1
AI Fund: 20 co-investors are shown, with New Enterprise Associates sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

AI Fund: 20 co-investors are shown, with New Enterprise Associates sharing 9 recorded deals. All available history
Co-investorShared deals
New Enterprise Associates9
Owl Ventures4
Sierra Ventures4
Decibel3
Gaingels3
Plug and Play Ventures3
Silicon Valley Data Capital3
Accenture Ventures2
Backstage Invest2
Basis Set Ventures2
Cervin Ventures2
Correlation Ventures2
J12 Ventures2
Luminar Ventures2
Magarac Venture Partners2
Mitsui & Co.2
Myriad Venture Partners2
Point Nine Capital2
RTP Global2
RunwayFBU2

Investment Strategy

AI Fund: Led accounts for 28% and participating for 72% of round participation.All available history.
AI Fund: Led accounts for 28% and participating for 72% of round participation. All available history
CategoryDeals (count)Share (%)
Led1328%
Participating3472%
AI Fund: Single-lead accounts for 23% and co-led for 77% of lead dynamics.All available history.
AI Fund: Single-lead accounts for 23% and co-led for 77% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead323%
Co-led1077%

Team

Andrew Ng

Managing General Partner

Batuhan Öztürk
David Norris

Founder in Residence

Dr. John Lange
Ellen Li

Head of Finance and Accounting

Eva Wang

Partner, COO, General Counsel

Fabian J. G. Westerheide

Founding Managing Partner

Georg Fiegen
Harald Kratel
Hauke Hansen

Operating Partner

Ingo Hoffmann
Katharina Fiegen
Linda Lee

Talent Partner

Maximilian Seeburg
Petra Rulsch
Petra Vorsteher
Ragnar Kruse
Renate Nyborg

Founder in Residence

Ryan Cunningham

Senior Associate Builder

Warren Packard

Operating Partner