Air Street Capital

Patina Systems builds Angles, an AI-powered photos app for consumers that offers natural-language photo search, similar-content browsing, and auto-updating albums, with an on-device ML stack for speed and privacy.

AI & Machine LearningConsumerNew York, US

Tyler Angert

Co-investorsHaystackMoth Fund

Synthesia is an AI video platform that lets businesses generate videos with AI avatars and agents, aimed at helping organizations train, onboard, and upskill employees.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSLondon, GB

Victor Riparbelli(Co-founder & CEO)inSteffen Tjerrild(Co-Founder & COO/CFO)inLourdes Agapito(Co-Founder)inMatthias Niessner(Co-Founder)in

Co-investorsAccelFirstMark CapitalGV (Google Ventures)Kleiner PerkinsMMC VenturesNew Enterprise Associates (NEA)+13 more

The State of AI Report is an annually published, open-access analysis of developments in AI research, industry, politics, and safety, including an AI practitioner usage survey and forward-looking predictions.

AI & Machine LearningMedia & Entertainment

BoardNathan Benaich

An ML research and product lab building general intelligence by enabling people and computers to work together creatively

Enterprise SoftwareSan Francisco, US

David Luan(Co-founder & Chief Executive Officer)inAshish Vaswani(Co-founder & Chief Scientist)Niki Parmar(Co-founder & Chief Technology Officer)Augustus Odena(Co-founder)Maxwell Nye(Co-founder)inErich Elsen(Co-founder)

Co-investorsA.Capital VenturesAdditionAtlassian VenturesGeneral CatalystGreylock PartnersNimble Partners+8 more

Poolside builds open-weight foundation models and agentic coding models, including the Laguna family, along with the systems and infrastructure needed to train, refine, and improve these models.

AI & Machine LearningDeveloper Tools

Jason Warner(Founder & CEO)inEiso Kant(Founder)

Co-investors7GC & CoAbstraction CapitalB Capital GroupB4 CapitalBain Capital VenturesFelicis Ventures+24 more

Co-investorsLux Capital

Andela connects global technologists with enterprise opportunities and serves as a platform for hiring, building AI systems, and upskilling teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkHR TechWashington, D.C., US

Jeremy Johnson(Founder)inIyinoluwa Aboyeji(Founder)Nadayar Enagesi(Founder)Brice Nkengsa(Founder)Ian Carnevale(Founder)Christina Sass(Founder)in

Co-investors4DX VenturesAccelerate AfricaAmplo VenturesCRE Venture CapitalDBL PartnersFounder Collective+23 more

Athenian provides metrics and insights for software engineering teams, offering a software development analytics product covering the full development cycle.

Data & InfrastructureDeveloper ToolsSaaS

Co-investorsPoint Nine

Automata provides lab automation and data management tools, enabling researchers and technicians to generate accurate data at scale through intuitive workflow creation.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareHealthtechLegalTechRoboticsSaaSLondon, GB

Mostafa ElSayed(CEO and Co-Founder)inSuryansh Chandra(Co-Founder)

Co-investorsBlue Wire CapitalEntrepreneur FirstHCVCHummingbird VenturesIn-Q-TelIsomer Capital+6 more

AI research lab developing visual intelligence technology including image generation and manipulation models.

AI & Machine LearningDeep TechDeveloper ToolsFreiburg, DE

Robin Rombach(Founder)Andreas Blattmann(Founder)Patrick Esser(Founder)Tim Dockhorn(Founder)

BoardAnjney Midha(Director)in

Co-investorsAndreessen HorowitzBroadLight CapitalCherry VenturesEarlybird Venture CapitalHeadlineHeadline Growth Management, LLC+11 more

CellVoyant is an AI-first company that develops predictive analytics and optimization tools for cell-based therapeutic development, helping researchers accelerate process development and reduce costs through label-free imaging analysis and data-driven process optimization.

AI & Machine LearningBiotechDeep Tech

Rafael Carazo Salas(CEO & Founder)in

Co-investorsCompoundHorizons VenturesOctopus VenturesVerve Ventures

Chroma Sync is a serverless data ingestion service for Chroma Cloud that connects S3 buckets, GitHub repositories, and websites, then parses, chunks, and embeds the content for search.

AI & Machine LearningData & InfrastructureDeveloper Tools

Co-investorsAlt CapitalAIX VenturesAngel Collective Opportunity FundBloomberg BetaEssence Venture CapitalQuiet Capital

Clipdrop offers AI-powered image editing tools including background removal, object cleanup, image upscaling, and text-to-image generation.

AI & Machine LearningConsumerCreator EconomyMedia & EntertainmentSaaSParis, FR

Cyril Diagne(Founder)inJonathan Blanchet(Founder)inDamien Henry(Founder)in

Co-investorsKima VenturesY Combinator

Clove is building a financial institution designed for modern living and working, offering financial services to individuals and teams.

Fintech

Alex Loizou(Founder)in

Co-investorsAccel33EastKindred CapitalKindred

Clove designs slip-on sneakers for healthcare professionals such as doctors and nurses, featuring fluid-resistant, easy-to-clean uppers and a dual-density support system for long work shifts.

ConsumerDirect to ConsumerE-commerce

Joe Ammon(Founder)in

Co-investorsBarrel VenturesDorm RoomAccelKindredKindred Capital

Contextual AI builds a platform for enterprises to develop AI agents and applications that operate securely on proprietary data.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software

Douwe Kiela(Founder)Amanpreet Singh(Founder)

Co-investorsBain Capital VenturesGreycroftSnowflake VenturesSV AngelInvariantes FundRecall Capital+4 more

Coram provides an AI-native physical security platform that unifies video security, access control, emergency management, and guest management for schools, hospitals, and multi-site teams.

AI & Machine LearningCybersecurityEnterprise SoftwareSunnyvale, US

Ashesh Jain(Co-Founder & CEO)Peter Ondruska(Co-Founder & CTO)in

BoardTOBY COPPEL(Director)inJAKE MEDWELL(Director)inBRYAN BAUM(Executive Officer, Promoter)in

Co-investors8VCAnsa CapitalBattery VenturesK5 GlobalMosaic VenturesUP Partners

Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.

AI & Machine LearningCloud ComputingEnergyDenver, US

Cully Cavness(Co-founder, President and Chief Strategy Officer)inChase Lochmiller(Co-founder, CEO and Chairman of the Board of Directors)in

Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAlkeon InnovationAvenir Growth CapitalBain Capital Ventures+33 more

Delfa provides an AI-driven platform for clinical trial patient recruitment, centralizing calls, notes, and updates while automating repetitive tasks for clinical research site teams.

AI & Machine LearningBiotechDigital HealthHealthtechLondon, GB

Tom Farrand(CEO)inGustav Bredell(CTO)in

Co-investorsEntrepreneur FirstTranspose Platform Management

Delian develops Osiris, an alternative navigation system for UAVs that emulates GNSS and provides a jam- and spoof-resistant navigation feed to MAVLink-capable flight controllers.

Deep TechDefense TechHardwareAthens, GR

Dimitrios Kottas(Founder)

Co-investorsEntropy Industrial CapitalHCVCMarathon Venture Capital

ElevenLabs is an AI research and product company that builds voice generation and audio processing platforms for creating human-like voice interactions with technology.

AI & Machine LearningCreator EconomyEnterprise SoftwareSaaSLondon, GB

Mati Staniszewski(Founder & CEO)Piotr Dabkowski(Co-founder)inHannah C(Founder)Mateusz Jakub Staniszewski(Co-founder)in

Co-investorsAlkeon InnovationAndreessen HorowitzAntiAspire11BroadLight CapitalCraft Ventures+23 more

Clinical-stage biotech using AI and metabolomics to decode natural chemistry and discover small-molecule medicines.

Viswa Colluru, PhD(Founder)in

Co-investorsCatalio Capital Management, LPFPVHummingbird VenturesJAZZ Venture PartnersKinnevikLevel Ventures+6 more

AI & Machine LearningBiotechDigital HealthHealthtech

Co-investors42CAPPUSH VenturesWlanholding

Flow is a hardware development platform that uses AI to help engineering teams keep requirements, architecture, and verification aligned across complex vehicle programs.

Advanced ManufacturingAI & Machine LearningDeveloper Tools

Pari Singh(Founder)in

Co-investorsBackedDeep Science VenturesEQT VenturesSequoia Capital

Gandeeva Therapeutics uses AI, machine learning, and atomic-resolution cryo-EM imaging to map druggable protein interactions and design molecular glues that bind at specific protein interfaces.

AI & Machine LearningBiotechDeep TechDigital Health

Sriram Subramaniam(Founder)in

Co-investorsLux CapitalObvious VenturesAmgen VenturesLeaps by Bayer

General Reasoning (GR) is an AI research company that trains models to work, communicate, and coordinate over long time horizons, with a focus on reinforcement learning, multi-agent systems, and environment design.

AI & Machine LearningDeep TechDeveloper ToolsSan Francisco, US

Ross James Taylor(Executive Officer, Director)Ross Taylor(CEO)inChengxi Taylor(President)inChengxi Wang(Executive Officer, Director)

BoardThomas Joseph Grady II(Director)Kip Gabriel Parker(Director)

Co-investorsEntrepreneur First

Gourmey produces cultivated meat, with its first product being a lab-grown foie gras aimed at fine-dining chefs and restaurants.

BiotechClimate TechFoodTech

Co-investorsBig Idea VenturesEmblemJoyance PartnersKeen Venture PartnersPoint NineHeartcore Capital

Graphcore builds processor hardware and systems for machine intelligence and AI workloads.

AI & Machine LearningHardwareSemiconductors

Nigel Toon(Co-founder and Executive Chairman)inNick Bishop(Chief Financial Officer)Sally Doherty(Chief Marketing Officer)John Walsh(Chief Operating Officer)Marcus McElroy(General Manager)Helen Byrne(VP AI Technology)

Co-investorsAhren Innovation CapitalBalderton CapitalBMW i VenturesBosch VenturesC4 VenturesDCVC (Data Collective)+9 more

GTV is an AI video creation platform used by brands to produce video ads and marketing content such as UGC ads, social videos, and product shoots.

AdTechAI & Machine LearningMarketing Tech

Hedera Dx develops in-house, NGS-based liquid biopsy tests and clinicogenomic data solutions for decentralized oncology care, partnering with laboratories and clinicians to support cancer diagnosis and personalized therapy selection.

AI & Machine LearningBiotechDigital HealthHealthtechMedical Devices

Tommi Lehtonen(CEO, Co-founder)Damien Lapray(CCO, Co-founder, PhD)Christian Meisel(CMO, Co-founder, MD PhD)Frances Rhodius(CFO)

Co-investorsBootstrap EuropeInventureVsquared Ventures

Intenseye provides an AI-powered workplace safety platform that connects to existing CCTV cameras and its Sentinel devices to monitor facilities and quantify safety-related cost and ROI.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareIoTSaaSNew York, US

Serhat Cillidag(Executive Officer, Director)Esen Sercan(Executive Officer, Director)Sercan Esen(Founder)in

BoardTeddie Wardi(Director)inRicardo Sequerra Amram(Director)in

Co-investorsBoro CapitalEntrepreneurs Roundtable Accelerator (ERA)Insight PartnersLightspeed Venture PartnersPoint NineRemarkable Ventures

Interloom is a case-resolution system that routes operational cases to the right combination of AI agents, human experts, and system integrations, learning from prior case outcomes to optimize for cost, speed, and accuracy.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSMunich, DE

Fabian Jakobi Schmidt(CEO)

Co-investorsKickstart InnovationDN Capital

Co-investorsBacked

Kradle builds an evaluation platform for AI models using interactive simulations rather than static tests, starting with Minecraft environments.

AI & Machine LearningMinneapolis, US

William Partyka(Executive Officer)

Co-investorsJuniper Ventures Management, Llc

LabGenius develops EVA, an automated discovery engine for identifying and co-optimizing complex therapeutic antibodies such as multispecifics across multiple properties.

AI & Machine LearningBiotechDeep TechLondon

Harrison Rickerby(Executive Officer, Director)

BoardJames Field(Executive Officer, Director)in

Co-investorsAcequia Capital (AceCap)BackedBeast VenturesChampion Hill VenturesGigafundKindred Capital+8 more

Lambda provides GPU cloud infrastructure for AI training and inference, offering single-tenant clusters, on-demand instances, and managed AI supercomputers built on NVIDIA GPUs (GB300 NVL72, HGX B300/B200, H200/H100).

AI & Machine LearningCloud ComputingData & InfrastructureSan Francisco, US

Benhamin Nelson(Executive Officer)Austen Allred(Executive Officer, Director)

BoardJessica Verrilli(Director)John Danner(Director)

Co-investorsAlpha Square GroupAlumni VenturesB Capital GroupB4 CapitalBasecamp FundCRESCENT COVE CAPITAL+16 more

lu.ma is a platform for creating event pages, inviting attendees, and selling tickets for events.

Marketplaces

Dan Liu(Founder)Victor Pontis(Founder)in

Co-investorsAtelierBonfire VenturesExceptional CapitalIOSG VenturesLongJump VenturesMaven Ventures+8 more

Macrodata Labs builds data pipelines that transform raw robot and egocentric recordings into training-ready datasets, segmenting recordings into timestamped subtasks, recovering 3D hand motion, assessing signal quality, and estimating task progress and reward signals.

AI & Machine LearningData & InfrastructureRobotics

Guilherme Penedo(Founder)in

Co-investorsRed River WestKima Ventures

Mapillary offers a collaborative platform that hosts, processes, and publishes street-level imagery and map data, using computer vision and machine learning to automate map-making at scale.

AI & Machine LearningCloud ComputingData & InfrastructureMobility & TransportationSaaSBjarred, SE

Jan Erik Solem(Executive Officer, Director)

BoardEvan Nisselson(Director)in

Co-investorsMetaBMW i VenturesIntrepid Growth PartnersLDV CapitalNFXSamsung Catalyst Fund+2 more

Mission Barns produces cultivated meat products, primarily pork-based items like meatballs, bacon, and sausages, combining lab-grown pork fat with plant protein for consumers seeking sustainable alternatives to conventional meat.

Climate TechFoodTechBerkeley, US

Ilan Eitan Fischer(Executive Officer, Director)

BoardDavid Bowman(Director)

Co-investorsBabel VenturesBetter Ventures Central LlcBloom8Blue Ledge CapitalJoyance PartnersLever VC+6 more

Modern Intelligence builds artificial intelligence software for defense applications, providing target analysis and decision-making from small data samples.

AI & Machine LearningDeep TechDefense TechSan Jose, US

John Dulin(CEO)inJoseph Cieslik(Executive Officer, Director)Tristan Tager(Director)

Co-investors7percent VenturesChampion Hill VenturesContraryMyelin VCSwell PartnersVine Ventures

Muon Space designs, builds, and operates satellite constellations using its proprietary Halo technology stack, which integrates spacecraft platforms, payload integration, and software-defined orchestration to deliver data and enable real-time computation in space.

Deep TechHardwareSpace TechSilicon Valley, US

Jonny Dyer(Founder & CEO)inDaniel McCleese(Executive Officer, Director)Pascal Stang(Founder)inPaul Day(Executive Officer, Director)in

BoardJohn Cowgill(Director)inRob Toews(Director)in

Co-investorsACME CapitalACTIVATE CAPITAL PARTNERSCarbonClimacticCongruent VenturesI Squared Capital+6 more

NDEA develops artificial general intelligence technology and benchmarks.

Advanced ManufacturingAI & Machine LearningDeep Tech

François Chollet(Founder)inMike Knoop(Founder)inFrancois Chollet(Founder)in

Co-investorsCoatue ManagementMenlo VenturesY Combinator

Niantic Labs develops mobile games and apps that encourage outdoor exploration and real-world community engagement through location-based gaming experiences.

ConsumerGamingSan Francisco, US

John Hanke(Executive Officer, Director)

BoardKenji Okubo(Director)

Co-investorsAloft VCBonfire VenturesBreyer CapitalCapitalGCauseway PartnersCoatue Management+12 more

Numerai runs a data science tournament where participants build machine learning models on obfuscated, regularized financial datasets and stake cryptocurrency on their predictions to earn or burn based on performance.

AI & Machine LearningCrypto & Web3FintechSan Francisco, US

Richard Craib(Managing Member of the Issuer.)Richard C.(Founder)in

BoardAndrew Weissman(Director of the Issuer.)in

Co-investorsUnion Square Ventures (USV)CoinFundDigital Currency GroupLong Venture PartnersOyster VenturesShine Capital+3 more

Odyssey is an AI lab developing general world models trained on multimodal observations of the physical world.

AI & Machine LearningDeep TechPalo Alto, US

Jeff Hawke(CTO)inOliver Cameron(Founder)in

Co-investorsEvolution VC PartnersIn-Q-TelMVP VenturesPoint NineRocketship.vcThursday Ventures+2 more

Co-investorsExpeditionsIron Wolf Capital

Optimal provides AI-based greenhouse climate control that connects to growers' climate computers (such as Priva and Ridder) via cloud APIs and automatically adjusts settings 24/7 to hit target climate conditions as weather forecasts change.

AgTechAI & Machine LearningSaaSLondon, GB

Dave Hunter(CEO)inJoão Abrantes(Founding CTO)in

Co-investors2050BackedCrane Venture PartnersEntrepreneur FirstCarmel VenturesKoch Disruptive Technologies+1 more

Perceptic builds an AI platform that unifies evidence, data, and decision workflows across the drug development lifecycle, connecting asset scouting, scientific evaluation, and clinical data on a shared intelligence layer.

AI & Machine LearningBiotechDigital Health

Tilman Flock(Co-Founder & CEO)Zaki Trache(Co-Founder & CPO)Martin Copes(Co-Founder & CTO)Mohamed Zaki T(Founder)Tilman F(Founder)

Co-investorsAccel

Polarmist builds autonomous maritime systems designed for mass production, with payload-agnostic and comms-dark (AI-enabled, communication-independent) capabilities for defense missions.

AI & Machine LearningDefense TechRobotics

PolyAI builds an agentic dialog platform that enables enterprises to deploy voice AI agents for handling complex customer service conversations at scale.

AI & Machine LearningEnterprise SoftwareSaaSNew York, US

Nikola Mrkšić(Co-founder & CEO)inShawn Wen(Co-founder & Chief Technology Officer)inEddy Su(Co-founder & SVP Engineering)inTsung-Hsien Wen(CTO)inPei-Hao Su(Cofounder)in

Co-investorsKhosla VenturesGeorgianPassion CapitalAmadeus Capital PartnersEntrepreneur FirstPoint72 Ventures+5 more

Profluent develops AI foundation models combined with an in-house wet lab to design proteins for applications ranging from human health to industrial uses.

AI & Machine LearningBiotechDeep TechEmeryville, US

Ali Madani(CEO)

BoardDylan Morris(Director)

Co-investorsAIX VenturesSpark CapitalAltimeter CapitalBezos Expeditions

Ravelin provides an AI-based fraud and abuse prevention platform for online merchants, using machine learning, consortium data, and graph-network analysis to automate risk decisions across the customer journey.

AI & Machine LearningCybersecurityFintechLondon, GB

Nick Lally(Founder)inMartin Sweeney(Founder)in

Co-investorsTechstarsPassion CapitalPlayfair Capital

Recursion applies artificial intelligence and large-scale data analysis to accelerate drug discovery and development.

AI & Machine LearningBiotechDeep TechMedical DevicesSalt Lake City, US

Chris Gibson(Co-founder, Chairman of the Board)

Co-investorsDCVC (Data Collective)Lux CapitalBaillie GiffordAmplify PartnersCatalio Capital Management, LPCentral Texas Angel Network+8 more

Recursion applies computational and data-driven approaches to biological science, aiming to accelerate drug discovery and develop new treatments.

AI & Machine LearningBiotechData & InfrastructureDeep TechMedical DevicesSalt Lake City, US

Chris Gibson(Co-founder, Chairman of the Board)in

Co-investorsLux CapitalDCVC (Data Collective)Amplify PartnersCRV (Charles River Ventures)Felicis VenturesMenlo Ventures+2 more