Top AI Venture Capital Firms 2024

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Venture capital plays a crucial role in fueling innovation and growth, especially in cutting-edge fields like artificial intelligence (AI). With its potential to transform industries and disrupt traditional business models, AI has attracted significant interest from venture capitalists. In this article, we will explore the top venture capital firms that have been actively investing in AI startups and driving advancements in the field.

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Best VCs Investing in AI

Investing in AI requires a forward-thinking mindset and a deep understanding of the technology landscape. These venture capital firms have consistently demonstrated their commitment to nurturing and supporting AI startups, fueling innovation, and driving advancements in artificial intelligence across various industries.

Disclaimer: With so many venture capital firms around the world, we aren’t able to cover them all. Furthermore, the following VC firms are not officially ranked and are listed in no particular order.

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1. Global Brain Corporation

  • Location: Tokyo, Japan
  • Stage: Seed Stage, Early Stage, Late Stage, IPO
  • Notable Portfolio Companies: Cloudpick, Fluenty, Laboro.AI, Aspectiva

Global Brain Corporation is a leading venture capital firm headquartered in Tokyo, Japan that invests in high-growth sectors such as artificial intelligence, blockchain, and fintech. Established in 1998, it has quickly distinguished itself by backing pioneering tech companies worldwide, utilizing a hands-on, long-term growth strategy. It's known for its global reach, deep technological expertise, and strong commitment to fostering innovation and entrepreneur

2. Khosla Ventures

  • Location: Silicon Valley (Menlo Park, California)
  • Stage: Early Stage, Late Stage
  • Notable Portfolio Companies: Moonhub, Regie.ai, OpenAI

Khosla Ventures is a venture capital firm founded by Sun Microsystems co-founder Vinod Khosla in 2004, with a focus on early-stage investments in technology and internet startups. The firm operates from Menlo Park, California, and is widely recognized for its significant contributions to sectors like artificial intelligence, clean energy, health, and sustainability. Khosla Ventures stands out for its adventurous approach, often investing in revolutionary ideas and backing unconventional entrepreneurs to drive significant societal impact.

3. Zetta Venture Partners

  • Location: San Francisco, California
  • Stage: Pre-Seed, Seed
  • Notable Portfolio Companies: Nabla Bio, VideaHealth, Fixie.ai, EnsoData

Zetta Venture Partners is an early-stage venture capital firm exclusively investing in AI-first startups. Since its establishment in 2013, it's been instrumental in guiding many AI-centric companies, earning a reputation for its deep expertise and ability to identify startups destined to reshape industries through AI.

4. Wing Venture Capital

  • Location: Menlo Park, California 
  • Stage: Pre-Seed, Seed Stage, Early Stage
  • Notable Portfolio Companies: AirOps, Cohesity, Vimaan, Tango

Founded in 2013, Wing Venture Capital is a Silicon Valley-based firm that focuses on early-stage investments in business technology startups. Its investment approach centers on backing foundational companies, targeting those that aim to create new markets or redefine existing ones through technologies like AI, data analytics, and cloud computing.

5. Lux Capital

  • Location: New York, New York
  • Stage: Early Stage 
  • Notable Portfolio Companies: Mythic, VulnCheck, OpenSpace

Founded in 2000, Lux Capital is a venture capital firm investing in early-stage AI startups that are executing radical, innovative concepts within the tech sphere. A few of the common industries within the tech sector the firm invests in are biology, manufacturing, space, and neuroscience. 

6. GSR Ventures

  • Location: Palo Alto, California
  • Stage: Early Stage
  • Notable Portfolio Companies: Advance.ai, Nimble Robotics, Akia

Since its inception in 2004, GSR Ventures has built an impressive portfolio of early-stage startups in the digital health space. The fund prioritizes innovative companies and their founders with ideas that will disrupt and improve the healthcare landscape. 

7. Craft Ventures

  • Location: San Francisco, California
  • Stage: Angel, Seed Stage, Venture, Growth Stage
  • Notable Portfolio Companies: Harmonic.ai, Orum, Luminai, Olli.ai

Craft Ventures bills itself as a venture capital firm by founders, for founders. The firm invests and helps to scale SaaS and marketplace startups primarily, offering startups and their founders access to experienced operators as well as valuable tools such as their SaaSGrid dashboarding product. 

8. AIX Ventures

  • Location: Newark, California
  • Stage: Early Stage
  • Notable Portfolio Companies: Zenlaw, Piki, Bloom, Perplexity

AIX Ventures was founded in 2021 by a group of AI practitioners with the goal of investing in innovative AI startups making waves in tech. Its investment strategy centers around AI. However, companies funded by AIX Ventures are using AI to innovate in a number of industries, including healthcare, robotics, natural language processing, image generation, and ecommerce. 

9. Entrepreneur First

  • Location: London, United Kingdom
  • Stage: Seed Stage, Early Stage, Venture
  • Notable Portfolio Companies: Plumerai, Alcemy, Amikus AI

Entrepreneur First is a London-based venture capital firm founded in 2011 and backed by several notable founders and leaders, including Reid Hoffman, John Collison, Sara Clemens, and Patrick Collison. Entrepreneur First is more than just a funding opportunity, the organization also offers a unique accelerator that focuses on the founder individually rather than focusing primarily on the company as a whole. 

10. BootstrapLabs

  • Location: San Francisco, California
  • Stage: Early Stage, Growth Stage, Late Stage
  • Notable Portfolio Companies: AEye, Hayden AI Technologies, Inc., Prezi

BootstrapLabs is a VC firm that is all-in on AI. Since its inception in 2008, the firm has dedicated funds to AI, pivoting its investment strategy to AI-first in 2015. The firm is now on its 3rd Applied AI seed fund. The companies funded by BootstrapLabs leverage AI to create solutions in a variety of industries, from analytics to healthcare.

11. Qualcomm Ventures

  • Location: San Diego, California
  • Stage: Seed Stage, Early Stage, Late Stage
  • Notable Portfolio Companies: Aravita, AIiFi, Shopic, Viewdle

Qualcomm Ventures invests in tech companies in the US, China, Israel, India, Europe, Latin America, and Korea. The fund has over 150 active portfolio companies and several acquisitions and IPOs through its portfolio. Qualcomm Ventures invests in AI, 5G, consumer, automotive, enterprise and cloud, IoT, and metaverse startups. 

12. Viola Ventures

  • Location: Herzliya, Israel
  • Stage: Early Stage
  • Notable Portfolio Companies: Lama AI, MOV.AI, CANDIS

For over twenty years, Viola Ventures has invested in Israel-based, early-stage tech startups. Primary industries included in Viola Ventures’ investment strategy are fintech, deep tech, vertical AI, consumer, digital health, and climate tech. 

13. AI Fund

  • Location: Palo Alto, California
  • Stage: Seed Stage, Early Stage
  • Notable Portfolio Companies: Bearing, Credo AI, Landing AI, WhyLabs

AI Fund is a ‘venture studio’ investing in startups creating solutions for software, AI governance, and staffing. The fund takes a hands-on approach to investment, taking on a co-founder role in helping the startups they invest in grow their ideas to make the biggest impact. 

14. Spider Capital

  • Location: San Francisco, California
  • Stage: Seed Stage
  • Notable Portfolio Companies: Imubit, Hosta A.I., Snippyly, Vectice

Spider Capital is a seed-stage venture capital fund led by founders of enterprise cloud startups. The fund invests in startups that are building and innovating within the enterprise cloud software space and has backed over 250 founders in this industry. 

15. Alpha Intelligence Capital

  • Location: Luxembourg
  • Stage: Series A to Series E
  • Notable Portfolio Companies: InstaDeep, Advanced Navigation,  Photoneo Brightpick Group, Osaro

Alpha Intelligence Capital (AIC) is an entrepreneur-led venture capital firm focused on investment in deep artificial intelligence and machine learning. AIC typically invests in companies in their series a to series e rounds, making this an ideal VC firm for more established AI startups with strong expertise in their field. 

16. M12 - Microsoft's Venture Fund

  • Location: San Francisco, California
  • Stage: Early Stage, Growth Stage
  • Notable Portfolio Companies: Bonsai, Figure Eight, Evisort, Typeface

M12 is a venture capital firm by Microsoft that invests in early-stage and growth-stage startups. Their primary industries for investment are AI, cloud infrastructure, cybersecurity, developer tools, SaaS, gaming, and web3. The fund has invested in over 100 early-stage startups since their inception. 

17. General Catalyst

  • Location: Cambridge, Massachusetts
  • Stage: Seed Stage, Early Stage, Growth Stage, Late Stage
  • Notable Portfolio Companies: Memora Health, Luma AI, Jigso, Adept AI

General Catalyst aims to back founders and startups that are pushing the envelope and making waves in their industries. With notable portfolio startups, including Airbnb, Stripe, and Snapchat, General Catalyst has a history of scale. However, the fund invests in every stage of the startup lifecycle — from seed to growth — and prioritizes deep expertise and innovative thinking. 

18. Amplify Partners

  • Location: Menlo Park, California
  • Stage: Seed Stage, Early Stage
  • Notable Portfolio Companies: ActionIQ, Intellimize, Scribe, Magic

Founded in 2012, Amplify Partners is an early-stage investor in a variety of tech startups. This VC firm invests capital in developer tools, computing infrastructure, machine learning, artificial intelligence, data and analytics, and cybersecurity startups. 

19. Basis Set Ventures

  • Location: Menlo Park, California
  • Stage: Early Stage
  • Notable Portfolio Companies: Workstream, Spice AI, Entendre Finance, Rasa

Founded in 2017, Basis Set Ventures is a seed-stage venture capital fund. With a strong belief in artificial intelligence as the future, Basis Set Ventures invests in companies that are breaking the mold to deliver impactful solutions in automation and infrastructure by leveraging the power of AI. 

20. Gradient Ventures

  • Location: Mountain View, California
  • Stage: Seed Stage, Early Stage
  • Notable Portfolio Companies: FlutterFlow, Labelbox, Myst, Mage

Gradient Ventures is a VC firm offering seed-stage capital as well as executive coaching, deep dives, and technical analysis for founders building their AI startups. With over 201 investments and multiple companies in stealth mode, Gradient Ventures has invested in a large number of industries from fintech and insurtech to AI and ML infrastructure.

21. Two Sigma Ventures

  • Location: New York, New York
  • Stage: Seed Stage, Early Stage, Late Stage
  • Notable Portfolio Companies: Flatfile, Style Genome, Suplari

Two Sigma Ventures invests in disruptive tech companies from biotech and fintech to enterprise and web3. In addition to investing in startups, Two Sigma Ventures also offers valuable services to its founders including peer circles, workshops, technical candidate pipelines, and code review sessions. 

22. Toyota Ventures

  • Location: Los Altos, California
  • Stage: Early Stage
  • Notable Portfolio Companies: AutoBrains, Boxbot, Common Sense Machines

Toyota’s first standable early-stage VC firm, Toyota Ventures launched in 2017 to invest in innovative technology through their Toyota Ventures Frontier Fund. Primary industries for investment by this firm include AI, robotics, mobility cloud computing, smart cities, digital health, and fintech. 

23. Source Code Capital

  • Location: Chaoyang, China
  • Stage: Early Stage, Growth Stage
  • Notable Portfolio Companies: Eswin, Xingmai Innovation, XYZ Robotics, Shennapsi Artificial Intelligence Technology

Source Code Capital is a China-based venture capital firm investing in both early- and growth-stage startups. Founded in 2014, the fund has already invested in over 300 companies throughout multiple sectors, including robotics, AI, greentech, biotech, and healthcare.