• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Madrona Venture Group, Sequoia, Kleiner Perkins, Two Sigma Ventures Among World-Class Investors Committing $10 Million to AI2 Incubator For Early-Stage AI Start-Ups

January 16, 2020 By admin Leave a Comment

Today, the AI2 Incubator announced it has raised a $10M fund from top venture capital institutions like Madrona Venture Group, Sequoia, Kleiner Perkins, and Two Sigma Ventures, along with a number of highly successful entrepreneurs and executives. The AI2 Incubator, created by the Allen Institute for AI (AI2), helps engineers and entrepreneurs build cutting edge AI-first products with access to over 100 of the world’s best scientific and engineering talent in the field of AI.

Each year, the AI2 Incubator invites world-class engineers and entrepreneurs to join on a rolling basis, helping them come up with ideas, find co-founders, engage pilot customers, define their product, incorporate the latest A.I. techniques into their technology, and raise venture capital funding. To date, AI2 Incubator companies including XNOR.ai (acquired by Apple), KITT.ai (acquired by Baidu), Lexion.ai, WellSaidLabs, Blue Canoe, and others have already raised over $32.5M at strong valuations.

“The AI2 Incubator attracts world class talent from both inside and outside AI2,” commented Oren Etzioni, CEO of the Allen Institute for AI. “Our new partnership with world-class investors takes the incubator to a whole new level.”

The AI2 Incubator is open to high potential founders from a variety of backgrounds. This includes serial entrepreneurs, technical leaders who have built teams and shipped products, and PhD’s with an interest in entrepreneurship. Regardless of their profile, the incubator helps founders identify big opportunities and pursue them with products that have a true technical edge. The new fund brings additional resources to support these efforts and includes investors with decades of experience helping launch companies that make an impact on the world.

Supporting Quotes

“Madrona has been investing in machine learning and AI companies over the past decade. Seattle is a clear leader for AI innovation at emerging companies like Amperity, Algorithmia and OctoML and established companies like Microsoft and Amazon. AI2 has been a great partner over the years and we believe this investment vehicle will help launch many more AI companies in the coming years,” commented Matt McIlwain, managing director, Madrona Venture Group. Madrona has worked with AI2 from the earliest days and has funded and helped build XNOR.ai, Lexion and Kitt.ai out of the institute to date.

“The AI2 Incubator has a proven track record of launching smart, innovative companies due to the incredible resources available to entrepreneurs at the Allen Institute for AI,” said Mike Vernal, partner at Sequoia. “Going forward, many of the most successful new products will be underpinned by artificial intelligence and machine learning, making the AI2 Incubator a uniquely valuable partner for ambitious founders.”

“AI2 Incubator is uniquely-situated geographically and technologically, to develop promising AI-startups,” said Wen Hsieh, partner at Kleiner Perkins. “Research-driven AI projects that solve very specific real-life problems are already making an impact in business and science. As an R&D-centric institution, AI2 gives us confidence that the AI startups they incubate will be built on cutting-edge technology.”

“We’re tremendously excited about the era of data and AI driven technological advancement that we are in,” said Colin Beirne, Partner at Two Sigma Ventures. “Virtually every industry will be impacted by this relatively new core piece of technology. AI2 is a nexus of visionary thinkers in a city with world-class engineering and data science capability, and we’re incredibly enthusiastic to work with them.”

For more information on the AI2 Incubator please visit: https://incubator.allenai.org.

About the AI2 Incubator
The AI2 Incubator in Seattle creates, launches and invests in AI-first tech startups. We are funded by the Paul Allen Institute for Artificial Intelligence—a world-leading A.I. research institute with over 100+ A.I. PhDs, researchers, and engineers. Each year, we invite world-class engineers and entrepreneurs to join our incubator on a rolling basis. We help them come up with ideas, find co-founders, engage pilot customers, define their product, incorporate the latest A.I. techniques into their technology, and raise millions of dollars in seed funding. But more than anything else, this is a community. Our network includes some of the best VCs, some of the most accomplished entrepreneurs, and some of the best A. I. researchers—all working together to help each other succeed. And as your cofounder, we are with you every step of the way.

Filed Under: PR Tagged With: AI2 Incubator, Kleiner Perkins, Madrona Venture Group, Sequoia, Two Sigma Ventures

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

SmartCityMetaverse.com (Smart City Metaverse): Are these the world’s safest cities?
VCmatters.com: India overtook the UK to rank third among nations having the most number of unicorns
Additive Manufacturing at industrial scale
Cloud Computing Market: Now is the Time
Chocolate grown in a lab
Crash course will teach you the basics so you can code APIs quickly
Embargo of Russian energy would see Russia’s GDP completely collapse

Market Research Media

MktgDev.com (Marketing Development)
America’s 100 largest housing markets are overpriced
White House hosts tech summit to discuss open-source security after Log4j
ImpactfulTrends.com (Impactful Trends): Trends to Watch in 2022
Two biggest barriers to wider adoption of XR are user experience and limited content
SyntheticMetadata.com (Synthetic Metadata): Synthetic data will reduce personal customer data collection
SetupMarket.com: How to set up a direct-to-consumer (DTC) channel

Secondary Sidebar

Technologies

Green Ammonia and Hydrogen Now Cheaper than Fossil Fuels
Alphabet’s Project Taara laser tech beamed 700TB of data across nearly 5km
Emerging Technologies to Watch in 2022
Introducing IonQ Forte, Improving Quantum Performance with a Software-Configurable Dynamic Laser System
Samsung Unveils ISOCELL Image Sensor with Industry’s Smallest 0.56μm Pixel

Tech Events

Intel Event at Mobile World Congress, June 21, 2021
Jamstack Conf 2022, November 7-8 2022, San Francisco and online
MIT Society of Women Engineers (SWE) transitioned nearly 70 in-person programming events to an entirely virtual experience
Needham & Company to Host the 23rd Annual Needham Growth Conference, January 11-15, 2021
Bloomberg Technology Summit, June 8, 2022 San Francisco, CA & Virtual

Footer

Recent Posts

  • Plant-based food innovation company, TMRW Foods, raises C$2 million and prepares for North American launch with Sprouts Farmers Market
  • How to achieving gender balance in management teams
  • When you feel like you’re spiraling
  • After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans
  • Vita Mojo Raises US$30 Million to Help Restaurant and Hospitality Chains in Europe Tackle the Digital Future
  • Nautical Commerce Raises $30M to Scale Multi-Vendor Marketplace Technology
  • Token Announces $13 Million Series B Funding Round and Appointment of New CEO to Disrupt the Authentication Market
  • Konnecto Raises $21M to establish a new category in marketing technology
  • Sharebite, the Leading Food Benefits Platform, Announces Closing of $39 Million Series B Round
  • Illumina Invests in £30M Venture Fund to Advance Breakthroughs in Human Health

Dossier

Xait Acquires Privia To Ramp Up In The Government Contracting Market
Mobile monetization firm IronSource will go public through SPAC at $11.1 billion valuation | VentureBeat
euNetworks Acquires The Loop Manchester
Sandvik completes the acquisition of Preziss, a solutions provider for aluminum and composite machining
Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships

Press Media Release

ESG Book Closes $35 million Series B to Build the World’s Leading ESG Data Platform
Wilkinson Barker Knauer Named 2021 Legal 500 USA First Tier Firm for 12th Consecutive Year
Mkt Dev 2022
Apple Expands Today at Apple Creative Studios, Providing New Opportunities to Young Creatives
UNESCO: Culture of Ukrainian borscht cooking inscribed on the List of Intangible Cultural Heritage in Need of Urgent Safeguarding

App Coding

Lumigo expands its serverless observability platform to support any modern cloud application
Jotform Store Builder launches as a no-code solution to build a store in minutes
Amazon MWS Integration from Celigo Now Available on SAP® Store
Dynamic forms for your React app
Fungible Storage Cluster Certified for VMware vSphere to Support High Performance VM Systems

API Coding

Most commonly used HTTP Headers
DarkOwl Announces Release of Ransomware API
Web3 can take power and control from BigTech
Five Steps to a Secure Cloud Architecture
Types of API Testing

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT