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The Venture Codex

Ascend

6005 Ne Kelden Pl, Seattle, WA, 98105, United States

Overview

We invest wherever the Seattle Mariners play on TV. When I say “we”, I mean me and Jen, our mighty Chief of Staff. Marketplace, Consumer Brands, Ecommerce, B2B Software are my sweet spots. Preferred stage is pre-seed, preferred check $250-$750K. Ascend’s Limited Partners are a diverse group of technology leaders, financiers, and entrepreneurs.

Total investments
37
Lead investments
4
Investments · 12mo
5
Active investors
2

Sector focus

  • E-Commerce
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Endurance Energy

    Participated · Series A · Jun 2026

    Endurance Energy focuses on developing undersea geothermal energy projects. The company recently raised a seed financing round of $25 million to $30 million led by Founders Fund. The reported funding is intended to support development of its undersea geothermal initiatives. The article does not disclose revenue, users, or other operating metrics. No founding year, location, or prior funding details were provided in the report.

  • StitcherAI

    Participated · Seed · May 2026

    StitcherAI builds an IT finance intelligence platform intended to address gaps in data completeness, accuracy and business context within existing IT finance tools. The company launched from stealth concurrent with its $3 million pre-seed round led by Founders Co-op. CEO and founder Udam Dewaraja brings two decades of experience in cloud engineering, including leadership roles at AWS and Citi. Financially, StitcherAI is at the pre-seed stage with the announced $3M round and no prior rounds reported. The startup intends to use the current traction from its launch to build momentum and raise additional funding within the next 6–12 months to scale in the market. The article does not disclose operating metrics such as revenue or users.

  • AZX

    Participated · Seed · Jan 2026

    Founded in October 2024, AZX develops bespoke AI solutions that combine analytics, supervised and unsupervised learning, digital twins, physics models, machine learning and generative AI, embedding them directly into a client’s existing systems. The company describes itself as “client-, problem- and transformation-centric,” aiming to streamline internal processes for utilities and energy firms rather than offering a single off-the-shelf product or pure consulting. Current customers include Puget Sound Energy, CBRE, Trilliant, Franklin Energy and two unnamed investor-owned utilities. AZX has expanded to 20 employees and recorded a ten-fold increase in first-quarter revenue year-over-year. The public benefit corporation is led by CEO Aaron Goldfeder alongside co-founders Rich Evans and Michael Albrecht, all veterans of Meetingflow, EnergySavvy and Microsoft. Management believes massive grid-modernization needs and escalating climate-driven losses create a sizable market for its tailored AI tools. Proceeds from its recent financing will fund hiring and further product development to support additional energy-sector transformations.

  • Govstream.ai

    Participated · Seed · Dec 2025

    Govstream.ai is a Seattle-based startup building a Conversational Workflow platform that overlays existing municipal permitting systems to cut approval times from months to weeks, ultimately aiming for days. Its core products—PermitGuide, Application Assistant, and First Review—act as AI copilots that validate documents, answer applicant questions, and surface key code issues so staff can focus on complex cases. The platform connects chat, email, voice, plans, and workflows into one coherent system, addressing the bottlenecks that legacy permitting software merely tracks. Already live with the City of Bellevue, Washington, and expanding to additional U.S. jurisdictions, the company positions permitting as an early, fixable lever in the housing crisis. Govstream.ai emphasizes human-centered, transparent, and accountable AI, offering analytics and feedback loops so cities can continually refine guidance. Fresh capital will fund a growing engineering and AI team in the Seattle/Bellevue region to deepen product capabilities and support new municipal deployments.

  • Hearvana

    Participated · Seed · Nov 2025

    Hearvana is pioneering a platform that delivers real-time, on-device audio augmentation and comprehension, enabling machines and people to achieve superhuman listening abilities. The technology allows AI assistants, hearing aids, smart glasses and other voice-enabled products to detect intent and context accurately even in noisy, complex environments. Founded by Professor Shyam Gollakota together with embedded-systems and audio-AI experts Malek Itani and Tuochao Chen, the team previously introduced innovations such as Target Speech Hearing, Sound Bubble, Full-Duplex Dialogue Agents and Proactive Conversational Assistants. Their deep expertise in auditory computing, embedded intelligence and deep learning underpins a product roadmap that bridges cutting-edge research with scalable real-world use cases. Hearvana plans to deploy its new capital to grow engineering and go-to-market teams and to initiate commercial pilot programs with consumer-electronics and AI-ecosystem partners. The article provided no revenue, user or other operating metrics.

Team