Seed2024
Halcyon Compute
Inference scheduling for multi-model fleets
Builds a scheduling layer that keeps multi-model inference fleets saturated, cutting GPU spend for AI-native platforms.
Early-stage venture capital
TruthBefore Narrative
We back first-principles founders from inception to Series A, where domain depth separates signal from noise.
$620M
Assets under management
Pre-seed – A
Stage focus
64
Active portfolio companies
2016
Founded
Where we invest.
Three convictions, each held long enough to know the difference between a cycle and a shift.
AI Infrastructure
The systems that make intelligence cheap: training and inference platforms, data pipelines, evaluation, and the security layer enterprises need before they deploy.
- Inference
- Data platforms
- Evaluation
Applied Intelligence
Software that absorbs the work, not just the workflow. We look for teams with unfair access to a regulated or operationally dense industry.
- Healthcare
- Financial services
- Supply chain
Frontier Systems
Hard technology with a physical footprint: robotics, quantum, energy, and the defense-adjacent systems that keep supply chains sovereign.
- Robotics
- Quantum
- Energy
Selected companies
See allSeries A2023
Northlake
The evaluation layer for production AI
Evaluation and observability infrastructure that lets enterprises ship model updates with measurable confidence.
Seed2024
Corvid Labs
Autonomous inspection for critical infrastructure
Autonomous aerial and ground inspection for energy grids, rail and heavy industry.
Series A2022
Meridian Health
Clinical documentation that closes the loop
Ambient clinical documentation that writes back into the EHR and closes the coding loop.
Seed2023
Ledgerline
Autonomous controls for the mid-market CFO
Continuous, autonomous financial controls for mid-market finance teams.
Pre-seed2025
Kestrel Quantum
Error-corrected control hardware
Error-corrected control hardware for superconducting qubit systems.
How we work.
01
Conviction over consensus
We lead rounds others find early or unfashionable, and we write the first check more often than the follow-on.
02
Operators, not spectators
Every partner has shipped product or carried a quota. We take one board seat per two investments, and we answer within the day.
03
Patient capital, precise timing
Ten-year funds, ten-week decisions. We commit or pass within three meetings so founders keep their calendar.
Latest thinking
All insightsBuilding something inevitable?
Send us a memo, not a deck. Two paragraphs on what you believe that others don't is enough to start.