Every companywe've backed since 2017.

Companies building AI agents that take action, run workflows end-to-end, or operate autonomously in the physical or digital world. This is where the application layer of modern AI is most visible, and it is where we have been most active recently.

Companies building new AI capabilities at the model layer, in scientific domains, or at the frontier of what is computationally possible. These are the bets where the technical risk is highest and the upside is structural.

Companies applying AI to a specific vertical, where domain expertise plus AI capability produces a defensible product. The vertical AI bucket is the largest and most diverse part of our portfolio because the surface area of “AI applied to industry X” is itself enormous.

Companies building the data, identity, security, and tooling layer that AI applications need to run safely at scale. Infrastructure investments are typically less obvious than application investments but they compound over longer timeframes.