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The Venture Codex

Radical Ventures

59 Hayden Street, Suite 300, Toronto, ON, M4Y 0E7, Canada

Overview

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries. With a primary focus on artificial intelligence, Radical Ventures partners with entrepreneurs with global ambition to build enduring companies. The firm is based in Toronto, Canada, with offices in London (UK), and Palo Alto (US)

Total investments
101
Lead investments
52
Investments · 12mo
22
Active investors
13

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Muon Space

    Participated · Series C · Aug 2026

    Founded in 2021 and headquartered in Mountain View, Muon Space builds end-to-end satellite constellations by integrating spacecraft, payloads, software, operations, and data into a single Mission Foundry platform. In the first half of 2026 the company launched seven satellites, bringing its total to 11 satellites deployed across six launches with a 100% mission success record. Muon recently opened an advanced manufacturing facility in San Jose designed to produce up to 500 satellites annually by 2027 and currently has over 50 satellites in development, including 13 already manifested for launch over the next year. The company serves commercial, government, and international sovereign customers and is bringing multiple customer constellations into operation in 2026, including Vindlér® 2.0 for SNC and FireSat developed with Earth Fire Alliance and Google.org. Muon is also investing in on-orbit AI compute, advanced payloads, and real-time ultra-high-bandwidth connectivity partnerships to expand its mission capabilities.

  • Veeda AI

    Led · Seed · Aug 2026

    Veeda AI develops multimodal “world models” designed to create high-fidelity simulated environments that can be used to train embodied artificial intelligence agents via repeated interactions. The company’s stated goal is to build infinitely scalable simulated realities—what it terms simulated reality—for Physical AI so robots can learn at scale without dangerous or unscalable real-world trial-and-error. Veeda was founded by Sanja Fidler along with Huan Ling and Zan Gojcic; the founders previously helped develop world models at Nvidia’s Spatial Intelligence Lab. The startup was officially formed only months before announcing its seed round. Financially, Veeda closed a $90 million seed round co-led by Khosla Ventures and Radical Ventures, a raise characterized as among the largest Canadian seed financings. The company intends to use the funding to advance its simulated reality infrastructure for robotics and physical AI.

  • Trajectory

    Participated · Series A · Aug 2026

    Trajectory operates as a research and product lab focused on building a continual learning platform for AI-native companies. Its platform is designed to replace static models with an intelligence layer that becomes smarter with every user interaction. The company is led by CEO Ronak Malde and maintains partnerships with firms including Clay, Harvey, Decagon, Mercor and Rogo. In May 2026 it raised $15M in a Seed round led by Conviction with participation from Bessemer Venture Partners, Radical VC, BoxGroup and prominent angel investors. Trajectory plans to use the new capital to expand operations and accelerate product development. No prior funding rounds or financial metrics were disclosed in the announcement.

  • Prime Intellect

    Led · Series A · Jul 2026

    Founded in 2024, Prime Intellect offers a full-stack platform for AI agent development that bundles compute access, a reinforcement learning framework, and evaluation tools delivered as a modular marketplace. The platform enables customers to pick specific tools without being locked into an all-or-nothing system. Prime Intellect sells a hosted version of its tools and counts customers including Ramp, Zapier, and Flapping Airplanes. The company reports an annualized revenue run rate of $100 million. Prime Intellect positions itself to let enterprises train and refine agentic systems in-house rather than rely on closed frontier AI labs. Ramp reported that an agent built with Prime Intellect outperformed frontier models on accuracy while running faster and at a fraction of the cost.

  • Twelve Labs

    Participated · Series B · Jul 2026

    TwelveLabs develops foundational video models and an end-to-end video cognition platform that converts raw video into structured, searchable intelligence. Its Marengo 3.0 model provides advanced video embeddings and its Pegasus 1.5 model extracts structured scene boundaries, entities, and temporal segments; both models are distributed via TwelveLabs’ API and Amazon Bedrock. The company has begun moving beyond models into a full-stack agentic architecture that maintains persistent, compoundable memory of indexed video and ships application-layer products such as Rodeo. TwelveLabs counts customers and traction in media and entertainment and is expanding into government and other verticals including advertising, security, sports, and automotive. It operates R&D in San Francisco and Seoul and plans geographic expansion with new offices in New York and London. The company also maintains a strategic partnership with AWS, including optimization on Trainium chips and prioritized model launches on AWS.

Team