The Venture Codex Logo

The Venture Codex

AMD Ventures

2485 Augustine Drive, Santa Clara, CA, 95054, United States

Overview

Through AMD Ventures, AMD’s investment program, AMD invests in strategic software and application ecosystem companies that serve large and growing markets. AMD’s product strategy synergistically combines both CPU and GPU technology to create APUs (Accelerated Processing Units) that promote improved user experiences by enhancing the vibrant worldwide AMD ecosystem. This ecosystem includes new software, hardware, business models, CE devices, intellectual property, processes, support models and other new developments. Through our investment program, AMD works with the companies in which it invests to enable differentiated solutions optimized on AMD hardware platforms.

Total investments
45
Lead investments
6
Investments · 12mo
22
Active investors
8

Sector focus

  • Financial Services
Visit website

Investment portfolio

  • River AI

    Participated · Series A · Aug 2026

    River AI is a full-stack AI company based in Palo Alto, California, led by CEO Igor Babuschkin. Its platform delivers LoRA fine-tuning and reinforcement learning capabilities for frontier open-weight models via an API, enabling developers and enterprises to train, tune, deploy, and serve custom models. The company targets use cases where customers lack dedicated infrastructure teams or access to expensive hardware. River AI touts continuous improvement of personal AI through its platform features. Financially, the company completed a $1.1 billion funding round in August 2026, which it intends to use to expand operations and accelerate development. The article does not disclose revenue, user metrics, or prior funding details.

  • CuspAI

    Participated · Series B · Jul 2026

    CuspAI builds AI systems that search for and design new materials tailored to specified properties, serving customers including ASML and Meta. The company counts AI researchers Yann LeCun and Geoffrey Hinton as advisers. It plans to expand geographically across the US, APAC and Europe and to deploy an “AI Materials Foundry,” a global network of data, labs, compute and scientific expertise with founding partners such as Nvidia, Meta, Samsung and Hyundai and more than 40 other companies. Financially, CuspAI is a two-year-old startup that has raised over $670M to date, including a $450M Series B that values it at $2.6B. The firm says its platform addresses materials discovery bottlenecks across industries including energy, semiconductors, manufacturing, water treatment and carbon capture.

  • Spectro Cloud

    Participated · Series D · Jul 2026

    Spectro Cloud offers PaletteAI, a platform designed to help organizations deploy and operate production AI infrastructure across GPU clusters, Kubernetes, VMs, edge locations, regulated systems and air-gapped facilities. PaletteAI combines full-stack lifecycle management, multi-silicon and multi-model support, and governance features intended to improve utilization, control token costs and enforce policies. The company launched PaletteAI in October 2025 and has customers that include T-Mobile, Airbus, the U.S. Air Force and Yum! Brands, as well as neocloud and sovereign cloud operators. Spectro Cloud participates in NVIDIA-validated AI factory architectures and the NVIDIA IGX and Jetson ecosystems, and it works with chipmakers, hardware vendors, systems integrators and distributors. The company plans to expand international sales and customer support, particularly across EMEA and APAC, and to deepen partnerships across the AI infrastructure stack. With the Series D, Spectro Cloud has now raised a total of $260 million in disclosed capital.

  • Turing

    Participated · Series A · Jul 2026

    Turing develops fully autonomous driving technology originating in Japan. The company is scaling its computing infrastructure and commercial operations as it moves toward real-world deployment. In its Series A and extension rounds the company has raised a cumulative ¥27.89 billion (about $174 million), including ¥12.62 billion (about $79 million) in the recent extension. Turing plans to use the new funding to expand compute capacity, strengthen its business organization for deployment, and hire additional staff. The company’s stated goal is to accelerate realization of Japan-developed fully autonomous driving systems.

  • Odyssey

    Participated · Series B · Jun 2026

    Founded in 2023 by self-driving veterans Oliver Cameron (CEO) and Jeff Hawke (CTO), Odyssey develops world models that gather and simulate physical-world data for applications across video, robotics and gaming. The company has produced a handful of models and is noted for generating rich, interactive video from text prompts. Its data-collection approach involved sending people with cameras to capture environments, mirroring techniques used by mapping products. After its latest financing Amazon became a strategic cloud partner and Odyssey plans to optimize its models for AWS Trainium chips. Financially, Odyssey raised $310 million in a Series B at a $1.45 billion valuation and has raised $337 million in total to date.

Team