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AI Fund

Palo Alto, CAAI-FUND
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Classification
Slugai-fund
HQPalo Alto, CA
Stage FocusPre-seed and seed stage focused on B2B, B2C, healthcare, …
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

AI Fund is Andrew Ng's machine for systematically building AI companies from scratch, not just writing checks to existing startups. They operate as a venture studio where Ng and his team personally build AI companies alongside recruited CEOs, sourcing startup ideas from collaborations with large corporates like AES, HP, and Mitsubishi to create companies with built-in customers from day one. The model works because Ng's reputation opens doors that would be slammed shut for other founders, but it also means you're not just getting funding - you're getting a co-founder who might have stronger opinions about your technical direction than you do. With AI technology giving increasingly better building blocks and prototyping costs plummeting due to AI-assisted coding, they can create startups faster than ever before. The corporate LP base (AES, HP, Mitsubishi) isn't just capital - it's a built-in customer pipeline that most startups would kill for.

KEY TAKEAWAYS
  • Best for: Technical founders who want Andrew Ng as a co-founder and instant corporate customers
  • Watch out for: Heavy handed involvement - this isn't passive capital, it's a full partnership
  • Known for: Building companies from zero with guaranteed distribution through corporate partners
Investment Thesis

AI Fund collaborates with entrepreneurs and corporate partners to create companies that move humanity forward, building AI businesses with entrepreneurs who know their industry inside and out by pairing deep industry knowledge with AI expertise to tackle meaningful problems.

Stage & Sector Focus

Pre-seed and seed stage focused on B2B, B2C, healthcare, information technology, AI & machine learning, SaaS, and manufacturing sectors. Portfolio spans financial services, renewable energy, future of work, education, logistics, healthcare, and developer tools.

Notable Portfolio
Landing AIWoebot LabsCredo AIWorkhelixValidMindBedrock RoboticsChartaCivio.ai
Key Partners
Andrew Ng
Managing General Partner

Former co-founder and head of Google Brain, former Chief Scientist at Baidu, adjunct professor at Stanford, co-founded Coursera and has taught over 8 million students through his online courses. Appointed to Amazon's board of directors in April 2024. The biggest name in AI education and one of the most respected technical minds in the field.

Eva Wang
Partner, COO, General Counsel

Oversees finance, legal, HR, and investor relations for the Fund. Experienced corporate securities lawyer who was previously a partner at noted Silicon Valley law firm Fenwick & West. Part of AI Fund's initial founding team. The operational backbone who handles the nitty-gritty while Andrew focuses on the vision.

Linda Lee
Talent Partner

Joined AI Fund in 2019 after working in global talent acquisition and HR for 20+ years across various industries and starting three businesses of her own. Known for exceptional ability to source talent and help teams reach consensus on the best candidates. The secret weapon for building world-class teams from day zero.

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INVESTOR ACCESS PERMANENTLY DENIEDBERNBOOK // DOSSIER v1