Backing the buildersof applied AI

From core infrastructure to vertical experiences, we invest across the full AI stack.

130x+ on our first check

5x MOIC on AI Fund

Applied AI since 2018

MaintainX

Modernizing industrial workflows through generative maintenance scheduling and real-time asset intelligence.

Acquired by Autodesk

$3.6B

Return

130x+

AI Fund

Every video model, one workflow. Creators pay $75/month for the layer above the models — not the models.

Revenue

$0 → $500M in 2 years

Users

15M+

NC Fund

Bet that inference deserved its own chip while the industry was still repurposing GPUs — and built the world's fastest. Nvidia ended the argument.

Acquired by Nvidia

~$20B

Andra AI

Positions across the layers of AI infrastructure — from custom silicon to edge runtime to foundational models.

Frontline workers, retailers, plant operators, SMB owners — workflows software never bothered with until AI made them trivial.

When the tools for video, design, and storytelling change, the tools become companies.

Cars, defense, health, sensors — where bits meet atoms. Stickier customers, longer cycles, larger moats.

The most defensible AI companies aren't building AI — they're building the first structured dataset where there wasn't one.

Positions across the layers of AI infrastructure — from custom silicon to edge runtime to foundational models.

Frontline workers, retailers, plant operators, SMB owners — workflows software never bothered with until AI made them trivial.

When the tools for video, design, and storytelling change, the tools become companies.

Cars, defense, health, sensors — where bits meet atoms. Stickier customers, longer cycles, larger moats.

The most defensible AI companies aren't building AI — they're building the first structured dataset where there wasn't one.