Deepwater Asset Management
21 N. Third Street #250, Minneapolis, MN, 55401, United States
Overview
Deepwater Asset Management is a hedge fund manager based in Minneapolis invests in artificial intelligence, machine learning, augmented reality, virtual reality, and robotics sectors.
- Total investments
- 7
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Venture Capital
Investment portfolio
- Invisible
Participated · Equity · Sep 2025
Invisible Technologies delivers a five-module AI platform—Neuron for data integration, Atomic for visual process mapping, Expert Marketplace for RLHF and human validation, Synapse for annotation and evaluation, and Axon for agentic automation—that lets enterprises clean data, codify workflows, and deploy AI agents at scale. Its technology is used by customers such as Microsoft, Swiss Gear, SAIC, and the NBA’s Charlotte Hornets, and the company claims to have trained foundation models for more than 80% of the world’s leading AI providers. Revenue more than doubled year-over-year to reach $134 million in 2024 after growing 24× between 2020 and 2023, earning the #2 spot on the 2024 Inc. 5000 list of fastest-growing AI firms. The company employs about 350 people and has recently doubled its engineering team while adding offices in New York, San Francisco, Washington D.C., and London. New executive hires include former VMware CTO Kit Colbert as Platform CTO and former WeWork CRO Benjamin Samuels as GM of EMEA, underscoring a push toward large-enterprise adoption. Invisible plans to use its new capital to deepen R&D across its modular platform components and expand enterprise go-to-market capabilities. Long-term, management positions the firm as the foundational AI infrastructure layer that helps legacy enterprises operationalize AI and quantify ROI.
- Infinity Constellation
Participated · Equity · May 2025
Founded and led by CEO Brennan Pothetes, Infinity Constellation is a venture studio and builder that creates AI tools and software companies tailored to professional services such as law and accounting. Its current portfolio includes a branding platform, a construction permitting automation startup, and an AI-driven executive assistant. The studio intends to continue rapid company creation, aiming to launch up to eight new AI-focused software businesses each year. With the recent $24 million Series A, the company has raised $41 million in total capital to date. The fresh capital will be used to scale its operations and expand its studio pipeline. The company is based in the United States.
- CTGT
Participated · Seed · Feb 2025
CTGT provides an enterprise AI risk management and deployment platform that helps enterprises scale their AI efforts through a new approach to customizing, training and deploying models. The platform removes current limits on AI compute, evaluates model quality in live environments, and automatically updates models for better performance. Its technology was developed at the University of California San Diego. The company is led by CEO Cyril Gorlla and is based in San Francisco, CA. CTGT raised $7.2M in Seed funding and intends to use the proceeds to accelerate product development and sales and marketing.
- Affineon Health
Participated · Seed · Feb 2025
Affineon Health, based in Denver, builds an AI-powered inbox that automates routine lab results, prescription renewals, and patient communications to streamline provider workflows. Its flagship solution integrates with electronic health record systems, including athenahealth, and is designed to fit into existing clinician workflows. Affineon reports its tools can reduce inbox volume by up to 80% and save providers more than five hours per week while improving response times and the patient experience. The company has secured partnerships with leading health systems, physician practices, and EHR vendors as evidence of market traction. Affineon recently closed an oversubscribed $5 million seed round and has now raised $6 million in total capital. The new funding is intended to accelerate product development, expand market presence, and deepen its impact on reducing provider administrative burden and burnout.
- Payman AI, Inc
Participated · Seed · Aug 2024
Payman AI is an AI agent tool focused on enabling AI-to-human payments, allowing AI to pay people to complete tasks like marketing. The company positions itself as creating a new era of AI paying humans for work. Payman AI completed a $3 million pre-seed financing. Reported investors in the round include Visa, Coinbase Ventures, Boost VC, Deepwater Management, The Spartan Group, Untapped VC, Theory Forge VC, Protofund VC, Systemic Ventures, Metropolis DAO, and angel investors Viktor Axelsen, Devin Walsh, and Kenneth Kuo. The article does not disclose additional operating metrics or prior funding rounds.
Team
Doug Clinton
Managing Partner and Founder
LinkedIn