If you’re wondering whether investing in AI is still on a hype train, rest assured, it definitely is. While the large-scale investment rounds of 2021 (~$276B) and 2022 (~$189B) seem off the table, the chances to carve out a big slice of an investment pie are still significantly high:

  • AI startups secured over $50B globally in 2023, a 9% surge compared to 2022 $45.8B. 
  • OpenAI, Anthropic, and Inflection A collectively hit a funding jackpot of $18B, topping the charts for the 2023 year.
  • In 2023, AI-focused companies became the hot pick for investors in the US startup arena, snagging over 25% of all investment dollars. 

So, take a deep breath, polish your pitch, and approach AI investors with confidence. To help you cut through the crowd, we’ve handpicked the top 11 AI investors who are ready to open their wallets wide. This list is a perfect starting point for your investment journey—packed with essential details on their investment focus and contact information for direct outreach.

A spoiler: If you’re aiming to sink your teeth into the lucrative AI venture capital pie, ensure your startup aligns with the investment profile of the chosen fund. Otherwise, you risk walking away empty-handed.

1. AI fund

➡️ AI fund assists AI-enabled startups during the most challenging period of their life cycle—transitioning from the “zero to one” stage. The team comprises AI pioneers, entrepreneurs, operations, and investors backed by leading VC giants such as Sequoia, NEA, and Greylock. 

Location: Palo Alto, California, USA

Industries: AI

Funding stage: Seed, Early stage 

Average check size: up to $1M 

Total funding amount: $175M 

Number of investments: 35

Average number of rounds per year: 10

Notable portfolio companies: Discord, SpaceX

Contacts: Contact page, LinkedIn

2. AIX Ventures

➡️ AIX Ventures is on the hunt for trailblazing founders ready to shake up AI-empowered industries like Healthcare, Consumer, and SaaS. With a team of seasoned investors and entrepreneurs and their strong network and deep expertise in technology, AIX helps startups grow and scale their businesses flawlessly. 

Location: San Francisco, California, USA

Industries: Agnostic with a focus on Healthcare/Life Sciences, Enterprise Software, Consumer, Developer Tools & Data, Manufacturing & Warehousing

Funding stage: Pre-Seed, Seed. Plus, follow-on investments in Series A and beyond

Average check size: $500K – $2M

Total funding amount: $50M

Number of investments: 22

Average number of rounds per year: 10

Notable portfolio companies: Zenlaw, Piki, Bloom, Perplexity

Contacts: Contact page, LinkedIn

3. Conviction

➡️ Conviction is a forward-thinking venture firm specializing in early-stage investments in AI-focused and Software 3.0 companies. Founded by a former GP at Greylock, Sarah Guo, the fund leverages its extensive network and hands-on approach to transform powerful AI models into industry-changing products. 

Location: San Francisco, California, USA

Industries: AI, Fintech, Crypto, Web3, Future of Work, SaaS

Funding stage: up to Series A

Average check size: $1M – $10M

Total funding amount: $100M

Number of investments: 12

Average number of rounds per year: 10

Notable portfolio companies: Freeplay, Seek AI, Harvey

Contacts: LinkedIn

4. BootstrapLabs

➡️ BootstrapLabs, since its inception in 2008, has fueled the future of early-stage AI ventures, investing at the mature seed stage and nurturing these AI’s brightest stars through their growth journey. The portfolio companies in their pipeline leverage AI to create solutions across various verticals, from fintech to healthcare. 

Location: San Francisco, California, USA

Industries: Mobility, Health, Digital Infrastructure, Financial Infrastructure, Future of Work/Productivity, Climate & Energy

Funding stage: Early Stage, Growth Stage, Late Stage

Value-added beyond money: 

  • Investment platform and AI community—a global network with over 40K followers sharing expertise in AI, data science, sales and marketing, software development, and various other areas (join here). 

Average check size: $1M – $3M

Total funding amount: $115M

Number of investments: 55

Average number of rounds per year: 4

Number of exits: 8

Notable portfolio companies: AEye, Hayden AI Technologies, Inc., Prezi

Contacts: LinkedIn

Related read:

5. Databricks Ventures

➡️ Databricks Ventures is an investment arm of Databricks, an AI and data company. Headquartered in San Francisco, California, this AI VC fund backs forward-thinking founders dedicated to advancing the lakehouse architecture, aiming to shape the future of AI and data with their innovative solutions.

Industries: AI-empowered Analytics, Data Storage, Enterprise Software

Funding stage: Early Stage, Growth Stage

Value-added beyond money: 

  • The VC firm offers unique product insights, expert mentorship, and exposure through global marketing programs like the Data+AI Summit series. 

Average check size: >$10M

Number of investments: 21

Average number of rounds per year: 10

Number of exits: 1

Notable portfolio companies: Perplexity AI, Hex Technologies

Contacts: Contact-us page

6. Khosla Ventures

➡️ Khosla Ventures, with over 1153 investments and a whopping 165 successful exits, is a “Black Swan” ideas and ventures hunter. It focuses on early-stage tech startups that leverage unusual strategies and approaches to breaking into new markets. 

Location: Silicon Valley (Menlo Park, California)

Industries: Enterprise Software, Consumer & Retail, Medtech & Diagnostics, Fintech, Digital Health, Sustainability, Therapeutics

Funding stage: Seed, Early Stage, Late Stage 

Average check size: $10M-$50M

Total funding amount: $7.2B

Number of investments: 1153

Average number of rounds per year: 60

Number of exits: 164

Notable portfolio companies: Moonhub, Regie.ai, OpenAI

Contacts: Menu tab on their website, LinkedIn

A huge opportunity for innovators … the breakthroughs in AI, which have been pretty obvious to me for the last five years when we invested in [the company] OpenAI.
Vinod Khosla—Khosla Ventures

7. Glasswing Ventures

➡️ Glasswing Ventures funnels investments into early-stage AI ventures. They cherish visionary entrepreneurs who leverage AI to revolutionize industries and transform markets. Glasswing is the place where innovative AI ideas take flight. 

Location: Boston, Massachusetts, USA

Industries: AI-empowered Cybersecurity, Enterprise SaaS, Cloud Infrastructure

Funding stage: Early Stage

Average check size: $2M – $2.5M 

Total funding amount: $270M

Number of investments: 62

Average number of rounds per year: 7

Number of exits: 8

Notable portfolio companies: AskFora, Reprise, Verusen

Contacts: LinkedIn

8. Gradient Ventures

➡️ Gradient Ventures is Alphabet’s venture capital arm, focusing on early-stage AI investments. The firm channels money into every layer of AI, such as Infrastructure, Fintech, Vertical SaaS, etc. 

Location: Mountain View, California, USA

Industries: Infrastructure, Fintech, Vertical SaaS, Developer Tools, Open Source, Design and Productivity, Consumer

Funding stage: Early Stage, Growth Stage, Late Stage

Value-added beyond money: 

  • The fund provides access to a networking community of innovators, founders, and industry leaders who support each other and share valuable insights and expertise. 

Average check size: $1M – $10M

Number of investments: 212

Average number of rounds per year: 35

Number of exits: 21

Notable portfolio companies: Lambda, Vesper, Klara

Contacts: LinkedIn

9. Hyperplane VC

➡️ Hyperplane, an AI investment fund, supports bold entrepreneurs who use cloud computing, sensor technology, and machine intelligence to build game-changing ventures of the future. 

Location: Boston, Massachusetts, USA

Industries: AI/ML, Data Analytics, Enterprise, Fintech, Healthcare, Infrastructure, Logistics/Supply Chain, Robotics, SaaS

Funding stage: Early Stage

Average check size: $250K – $3M

Total funding amount: $135M

Number of investments: 85

Average number of rounds per year: 2

Number of exits: 7

Notable portfolio companies: BioBot Analytics, LinkSquares 

Contacts: Contact-us page, LinkedIn

10. Basis Set Ventures

➡️ Basis Set Ventures, a geography-agnostic fund, helps early-stage game-changing startups dedicated to AI’s transformative power in reshaping the way we work—work smarter, not harder. 

Location: Silicon Valley (Menlo Park, California)

Industries: AI-empowered Fintech, Enterprise Software, SaaS

Funding stage: Early Stage

Value-added beyond money: 

  • Hypergrowth network—a program that provides access to a community of mentors, founders, and customers along with the expertise and funding typically available to a limited number of people in Silicon Valley. 

Total funding amount: $300M

Number of investments: 77

Average number of rounds per year: 6

Number of exits: 5

Notable portfolio companies: Drata, Ergeon, Path

Contacts: LinkedIn

11. Alpha Intelligence Capital

➡️ AIC is a VC fund created by entrepreneurs for entrepreneurs. Specializing in artificial intelligence and machine learning venture capital, they excel in supporting established companies that have already secured a foothold in the market. 

Location: Luxembourg (offices in Paris, Singapore, and San Francisco)

Industries: AI/ML

Funding stage: from Series A to Series E

Total funding amount: $300M

Number of investments: 24

Average number of rounds per year: 2

Number of exits: 4

Notable portfolio companies: InstaDeep, Advanced Navigation, Osaro

Contacts: Contact page, LinkedIn

The bottom line 

With the latest advancements in generative AI, the buzz is real: everyone expects these technologies to supercharge productivity across various verticals. And the latest investments funneled into AI-enabled startups support the hype. 

Ready to land AI venture capital for your startup? Prepare for a turbulent flight as AI investors, though still interested in every opportunity, eye it more thoroughly than before. That’s why make sure you know your technology in and out and understand how to present it in its best light. Find it daunting? Don’t sweat it. Just reach out to our expert team. Whether assisting in pitch design or acing the fundraising game—we’ve got you covered.

10 posts

Ruslana

CONTENT WRITER

Hello! I'm Ruslana, a Content Writer at Waveup. Based on my background in marketing research and business analytics, and my current collaboration with the savvy team at Waveup, I'm excited to share my insights and learnings with you.