Fundraising Fox
Factorial Funds
Venture capitalActively deployingSan Francisco · Series B–Late Stage · 17 people tracked
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Investment thesis
Factorial Funds pursues a strategy of concentrated technology investments. The team draws on roughly a decade of experience in machine learning and autonomous vehicles, gained during a period when AI architecture was still emerging and computing resources were limited. That environment required resourcefulness and ingenuity, which shaped the firm's appreciation for founders who build in a similarly scrappy, inventive manner.
Source: firm website, verified Sep 29, 2026.
Team · 17 people
from the firm's website & public directories
What they invest in
from 18 of 23 portfolio companiesAI & Machine Learning ×17Enterprise Software ×7Deep Tech ×6Developer Tools ×5Cloud Computing ×3Creator Economy ×3Hardware ×3SaaS ×3
HQs:United States×13United Kingdom×2Switzerland×1France×1Japan×1Mexico×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×22 founders×24+ founders×13
Where their founders studiedfrom 35 founders with education data
Stanford University ×3École Polytechnique ×2Harvard University ×2Massachusetts Institute of Technology ×2Princeton University ×2University of California, Berkeley ×2University of California, Santa Cruz ×2University of Cambridge ×2
What their founders studiedfrom 37 founders with field-of-study data
Computer Science ×22Engineering ×14Mathematics & Statistics ×5Physics ×5Humanities ×4
Where their founders worked beforefrom 41 founders with career history
OpenAI ×16Google ×13Google Deepmind ×4Stanford University ×4Microsoft ×3Tesla ×3Goldman Sachs ×2LinkedIn ×2
17 founders hold a PhD · 1 hold an MBA (of 39 with degree data)
Investments · 23 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12023 · 32017 · 16 dated
Revolutionizing space technology to make life multi-planetary
Hawthorne, US
Elon Musk(Founder)inBret Johnsen(Executive Officer)inGwynne Shotwell(Executive Officer, Director)Tom Mueller(Founder)
BoardAntonio Gracias(Director)inSteve Jurvetson(Director)in
Co-investors1/1 Capital137 Ventures1802 Ventures2080 Ventures3Spoke Capital4DX Ventures+211 more
Anduril builds autonomous systems and software for defense and military applications, including attack aviation, unmanned aircraft, and underwater vehicles, unified by an autonomy platform.
AI & Machine LearningDefense TechHardwareRobotics
Palmer Luckey(Founder)inBrian Schimpf(Founder)inTrae Stephens(Founder)inJoe Chen(Founder)Joseph Chen(Founder)inMatt Grimm(Founder)
Co-investors137 Ventures1435 Capital1Flourish Capital8VCAliya Capital PartnersAltra Venture+105 more
Anthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US
Dario Amodei(Founder)inDaniela Amodei(Founder)inTom Brown(Founder)inJack Clark(Founder)inJared Kaplan(Founder)inChris Olah(Founder)in
Co-investors3Comma Capital7BC Venture Capital7GC & CoA.Capital VenturesAccelAkka+151 more
Sam Partee(Founder)inAlex Salazar(Founder)Mariam Naficy(Founder)
Co-investorsAdverb VenturesCanaan PartnersInspired CapitalPark Rangers CapitalTorch CapitalCerraCap Ventures+3 more
Ayar Labs develops co-packaged optics (CPO) technology for AI infrastructure, enabling optical connectivity between thousands of GPUs across data center racks.
AI & Machine LearningDeep TechHardwareSemiconductorsSan Jose, US
Mark Wade(Founder)inAlex Wright-Gladstein(Founder)Chen Sun(Founder)Milos Popovic(Founder)Rajeev Ram(Founder)Vladimir Stojanovic(Founder)
Co-investorsNVIDIAAlumni VenturesBasecamp FundBerkeley FrontierBlue Bear VenturesCastor Ventures+26 more
Confluent provides a cloud-native platform for real-time data streaming and movement, enabling organizations to connect applications and respond to business events as they occur.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareMountain View, US
Neha Narkhede(Founder)inJay Kreps(Founder)inJun Rao(Founder)inEdward (Jay) Kreps(Executive Officer, Director, Promoter)
BoardMatthew Miller(Director)Eric Vishria(Director)in
Co-investorsAlkeon InnovationAltimeter CapitalArtisanal VenturesAxevil CapitalBattery VenturesCoatue Management+17 more
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)inPiotr Dabkowski(Co-founder)inHannah C(Founder)Mateusz Jakub Staniszewski(Co-founder)inMati Staniszewski Piotr Dabkowski(Founder)Piotr Dąbkowski(Founder)
Co-investorsAir Street CapitalAlkeon InnovationAndreessen HorowitzAntiAspire11Bond Capital Management+45 more
Fractile designs processors for AI acceleration, offering the next generation of computing hardware.
AI & Machine LearningDeep TechHardwareSemiconductorsBristol, GB
Walter Goodwin(Founder)in
Co-investors01 AdvisorsAccelFelicis VenturesGigascale CapitalInovia CapitalKindred Capital+9 more
Fundamental Research Labs builds autonomous, socially intelligent AI agents capable of reasoning and multi-agent collaboration.
AI & Machine Learning
Nico Christie(Founder)in
Co-investorsAndreessen HorowitzA16Z SpeedrunAlumni VenturesCastor VenturesFirst Spark Ventures, LlcPatron+3 more
Luma Labs builds AI agents that generate, understand, and operate in the physical world, enabling creative teams to rapidly produce video, image, audio, and text content with unified general intelligence driving creative workflows.
AI & Machine LearningCreator EconomyMedia & EntertainmentPalo Alto, US
Amit Jain(Founder)Sixian Yu(Executive Officer, Director, Promoter)Amit Jain at CVPR(Founder)Alberto Taiuti(Founder)Alex Yu(Founder)
BoardDavid Beyer(Director)in
Co-investorsAmplify PartnersAndreessen HorowitzCRV (Charles River Ventures)General CatalystMatrixSouth Park Commons+3 more
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Manus is an AI agent platform that automates complex workflows and business processes for teams without requiring additional headcount.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS
Red Xiao(Founder)inTao Zhang(Founder)inJi Yichao(Founder)Xiao Hong(Founder)Xiao Hong Ji Yichao(Founder)Yichao Peak Ji(Founder)
Co-investorsVocal VenturesZhenFundBenchmarkHongShan Capital Group
Mistral builds and open-sources frontier AI models, developer tools, and applications for organizations in finance, manufacturing, defense, energy, and the public sector to solve complex problems.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareParis, FR
Arthur Mensch(Founder)inGuillaume Lample(Founder)inTimothee Lacroix(Co-founder and CTO)inTimothée Lacroix(Founder)
Co-investors83NorthAndreessen HorowitzBalderton CapitalCisco InvestmentsConvictionElad Gil+46 more
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nunu.ai develops multi-modal AI agents designed to test, play, and simulate games for quality assurance and live player cooperation.
AI & Machine LearningConsumerGamingZH, CH
Jan Schnyder(Founder)inKyrill Hux(Founder)inNicolas Muntwyler(Founder)inKonstantin Wohlwendin
Co-investorsHartmann CapitalTIRTA VenturesY CombinatorA16Z SpeedrunAndreessen HorowitzAvlok Capital+5 more
An AI-powered answer engine providing accurate, trusted, and real-time answers to questions.
San Francisco, US
Andrew D. Konwinski(Executive Officer, Director)Dzianis Yarats(Director)Aravind Srinivas Lakshminarayanan(Director, Executive Officer)Aravind Srinivas(Founder)inDenis Yarats(Founder)Andrew Konwinski(Founder)
Co-investors1435 Capital359 Capital7BC Venture CapitalAccelAdvaita CapitalAIX Ventures+62 more
Physical Intelligence develops generalist AI models for robotics that can control any robot to perform various tasks through learning algorithms and multi-robot training.
AI & Machine LearningDeep TechRoboticsSan Francisco, US
Sergey Levine(Founder)Adnan Esmail(Founder)inBrian Ichter(Founder)inKarol Hausman(Founder)inLachy Groom(Founder)inQuan Vuong(Founder)in
Co-investorsCapitalGKhosla VenturesLux CapitalRedpoint VenturesSequoia CapitalThrive Capital+35 more
R2 provides embedded financing solutions for merchants, enabling platforms to offer credit through seamless API integration with AI-driven risk assessment and same-day funding.
Enterprise SoftwareFintechSaaSMexico City, MX
Roger Larach(Founder)inRoger Teran(Founder)inRoger Larach Roger Teran(Founder)Roger Terán(Founder)inJavier Scappini(CTO)Rocío Rocha(Talent Acquisition Lead)
Co-investorsFEMSA VenturesGeneral CatalystGradient VenturesHi VenturesSaints CapitalSoma Capital+11 more
Sakana AI develops frontier AI research and products, including large language models, multi-agent orchestration systems, and AI solutions tailored for Japanese enterprises and public sector organizations.
AI & Machine LearningCloud ComputingDeep TechDefense TechTokyo, JP
David Ha(Founder)inRen Ito(Founder)inLlion Jones(Founder)in
Co-investorsBasis Set VenturesGlobal BrainIn-Q-Tel500 GlobalFujitsu VenturesGeodesic Capital+18 more
Sardine provides a fraud investigation platform that contextualizes risk across customers, devices, transactions, and businesses within an organization's ecosystem.
AI & Machine LearningCybersecurityFintechSan Francisco, US
Soups Ranjan(Founder)inAdi G(Founder)Zahid Shaikh(Founder)inAditya Goel(Founder)
Co-investors11.2 CapitalActivant CapitalAndreessen HorowitzCannage CapitalCoinbase VenturesCross Creek Advisors+17 more
A later venture from the Cruise founding team that Spark partnered on again.
San Francisco, US
Kyle Vogt(Founder)inParil Jain(Founder)in
Co-investorsBond Capital ManagementDaft CapitalFifty YearsLingottoMaven VenturesMVP Ventures+6 more
Thinking Machines Lab is an AI research and product company building systems for human-AI collaboration with emphasis on customization, safety, and accessibility.
AI & Machine LearningSan Francisco, US
Mira Murati(Founder)inBarret Zoph(Founder)inLilian Weng(Founder)inAndrew Tulloch(Founder)inLuke Metz(Founder)inPhuong Nga Nguyen(Founder)
Co-investorsAccelAndreessen HorowitzBison VenturesGV (Google Ventures)Juniper Ventures Management, LlcOwl Ventures+7 more
Udio is an AI music creation tool that generates songs from text descriptions and offers AI audio-editing features for uploaded audio.
AI & Machine LearningCreator EconomyMedia & EntertainmentNew York City, US
Andrew V. Sanchez(Founder)
Co-investorsAndreessen HorowitzUniversal Music Group
x.ai builds frontier AI reasoning models, real-time voice AI, and generative media systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwarePalo Alto, US
Yuhuai (Tony) Wu(Founder)inDennis Mortensen(Executive Officer, Director)Alex Poon(Director)Greg Yang(Founder)inGuodong Zhang(Founder)inIgor Babuschkin(Founder)in
Co-investors7percent VenturesAbstract VenturesAccess Ventures (New York)Aglae VenturesAmity VenturesAndreessen Horowitz+71 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
FundamentalLabs
Exits · 4
1 IPOs · 3 acquisitions · showing 2Portfolio news
latest coverage across their companies
ElevenLabs · techcrunch.com · Sep 30, 2026
Manus · en.wikipedia.org · Sep 18, 2026
Ayar Labs · siliconangle.com · Sep 10, 2026
Mistral AI · mistral.ai · Sep 8, 2026
Fractile · thenextweb.com · Aug 19, 2026
Perplexity · perplexity.ai · Aug 6, 2026
Anthropic · Anthropic Newsroom · Aug 4, 2026
Anduril · geekwire.com · Jul 24, 2026
Frequently asked questions
- How many investments has Factorial Funds made?
- Factorial Funds has 23 tracked investments, 4 of which have exited, including 2 dated in the last 24 months.
- What stage does Factorial Funds invest at?
- Factorial Funds invests at the Series B, Series C, Growth, Late Stage stages.
- What sectors does Factorial Funds focus on?
- Factorial Funds focuses on AI & Machine Learning, Consumer, Enterprise Software, Fintech, Hardware, SaaS.
- Where is Factorial Funds located?
- Factorial Funds is headquartered in San Francisco, US.
- Who does Factorial Funds co-invest with?
- Factorial Funds most often shares deals with Andreessen Horowitz, Accel, General Catalyst, among 167 tracked co-investors.
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