# Sovereign AI: portfolio, investments and team

> Sovereign AI is a government based in United Kingdom. 4 investments on record, 2 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/sovereign-ai (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Sovereign AI

Last cheque observed Sep 2026; 4 cheques on record.

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Deploying now New fund $13M, Oct 2026 Government

Pre-seed Seed Series A Compute_infrastructure Foundation_models Health_life_sciences

Follow Sovereign AI and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsovereign-ai)

Deploying now

**100%** of best year **2** **cheques in 12 months**, 4 on record

Since the last cheque **39** days **00** hrs **00** min **00** sec

Median round **$620M** Cheque size, as they say **$1.3M – $13M** Rounds led **1 of 4** Sole investor **1 rounds**

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## Sovereign AI highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Seed and Series C: 100% of its rounds
- 03 Sole investor in 1 rounds, median undisclosed

## What they do

> Britain's Sovereign Venture Fund dedicated to scaling British AI startups. From their own website

- **Type:** Government
- **Cheque size:** $1.3M – $13M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Compute_infrastructure Foundation_models Health_life_sciences
- **Based in:** United Kingdom
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **4 appearances**

- **2026** 2 rounds
- **Sept** **[Basecamp Research](https://millionrounds.com/company/basecamp-research)** Series C · GB · Ventureburn **$140M** With 17 others
- **Apr** **[Ineffable Intelligence](https://millionrounds.com/company/ineffable-intelligence)** Seed · GB · TechCrunch **$1.1B** With 9 others
- **Undated** 2 rounds
- **-** **[Isomorphic Labs](https://millionrounds.com/company/isomorphic-labs)** GB · Firms' own news pages **Undisclosed** Sole investor
- **-** **[Ineffable Intelligence](https://millionrounds.com/company/ineffable-intelligence)** GB · Firms' own news pages **Undisclosed** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

GW **Gregory Wright** Executive Officer i Filing they signed

KN **Knut Nicolai Sand** CEO OF THE MANAGER i Filing they signed

We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**5** of 5 we have independently watched raise

[Basecamp-research](https://millionrounds.com/company/basecamp-research)[Callosum](https://millionrounds.com/company/callosum)[Cusp](https://millionrounds.com/company/cuspai)[Ineffable](https://millionrounds.com/company/ineffable-intelligence)[Isomorphiclabs](https://millionrounds.com/company/isomorphic-labs)

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$13M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$620M** the round, not its cheque Alone, median **-**

Led 1 of 4 rounds **25%**

- **Said size:** $1.3M – $13M
- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *1*
- Series C *1*
- Pre-seed said *-*
- Series A said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) 2
- [NVIDIA](https://millionrounds.com/fund/nvidia) 2

**Pitching Sovereign AI?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Sovereign AI. A count of rooms they were both in, not a relationship either has claimed.

[**British Business Bank** Corporate VC **2** rounds together](https://millionrounds.com/fund/national-security-strategic-investment-fund)[**NVIDIA** Company **2** rounds together](https://millionrounds.com/fund/nvidia)

## Recently backed

The latest companies Sovereign AI put money into.

[**Basecamp Research** $140M · Sept 2026](https://millionrounds.com/company/basecamp-research)[**Ineffable Intelligence** $1.1B · Apr 2026](https://millionrounds.com/company/ineffable-intelligence)[**Isomorphic Labs**](https://millionrounds.com/company/isomorphic-labs)

## On podcasts

4 episodes naming Sovereign AI in the title, and 4 more that mention it.

- [Startup Europe](https://millionrounds.com/podcasts/sifted) 15 May 2026 · 39 min James Wise on why the Sovereign AI Unit criticism is wrong – and the one company he wishes he’d backed With [James Wise](https://millionrounds.com/person/james-wise) Mentions [Sovereign AI](https://millionrounds.com/fund/sovereign-ai)[Balderton Capital](https://millionrounds.com/fund/balderton-capital) Apple Podcasts
- [TechSurge](https://millionrounds.com/podcasts/techsurge) 19 Mar 2026 · 1h 1m Sovereign AI Stacks: The New Strategic National Resource Mentions [Sovereign AI](https://millionrounds.com/fund/sovereign-ai) Apple PodcastsShow page
- [The Peel](https://millionrounds.com/podcasts/the-peel) 22 Jan 2026 · 2h 23m The State of AI: Rise of Reasoning, Surge in Chinese Open Source, Sovereign AI, How to Invest in AI Today | Nathan Benaich, Air Street Capital With [Nathan Benaich](https://millionrounds.com/person/nathan-benaich) Mentions [Air Street Capital](https://millionrounds.com/fund/air-street-capital)[Sovereign AI](https://millionrounds.com/fund/sovereign-ai)[Street Capital](https://millionrounds.com/fund/street-capital) Apple PodcastsShow page
- [The a16z Show](https://millionrounds.com/podcasts/a16z) 24 May 2025 · 32 min Sovereign AI: Why Nations Are Building Their Own Models Mentions [Sovereign AI](https://millionrounds.com/fund/sovereign-ai)[Anjney Midha](https://millionrounds.com/person/anjney-midha)[Guido Appenzeller](https://millionrounds.com/person/guido-appenzeller) *+1* Apple PodcastsShow page

### Mentioned in

- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 23 Oct 2026 · 1h 25m Ex-Meta VP: ChatGPT Is Just the Trailer for What’s Coming Next Apple Podcasts
- [Transparent Venture Capital](https://millionrounds.com/podcasts/transparent-vc) 7 Aug 2026 · 49 min Tribe Talkin' Ep 130: Venture Downunder. Canva To Zero? Founder-Not A CEO. Andromeda. Anti-Portfolio Goals. Sharts Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 18 Jun 2026 · 1h 25m 20VC: SpaceX Soars to $2.7TRN | Anthropic's Fable Banned by US Government | Wix and Adobe Hit All-Time Lows | Mistral Raising at $20BN and The Case for Sovereign Models | Fin Acquired by Salesforce for $3.6BN Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 8 Jun 2026 · 1h 7m 20VC: Nebius Co-Founder on AI Infrastructure Bubbles | The Real Impact of Open Source on OpenAI & Anthropic | How Price Elastic is Demand for Compute | Could Nebius Sell 10x More Compute If They Had It & more with Roman Chernin Apple PodcastsShow page

## Quick answers about Sovereign AI

### What does Sovereign AI invest in?

Sovereign AI invests most often at Seed and Series C (100% of the rounds on record), in sectors such as Compute_infrastructure, Foundation_models and Health_life_sciences.

### How active is Sovereign AI?

4 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Sovereign AI invested in recently?

Its most recent investments on record: Basecamp Research (Series C, Sept 2026) and Ineffable Intelligence (Seed, Apr 2026).

### How big are Sovereign AI's cheques?

The median round it joins is $620M. It says it writes cheques of $1.3M to $13M.

### Is Sovereign AI investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Sovereign AI invest alongside?

Most often British Business Bank (2 rounds together) and NVIDIA (2 rounds together).

### What kind of investor is Sovereign AI?

Sovereign AI is a government based in United Kingdom.

### Has Sovereign AI raised a new fund?

Its latest fund filing with the SEC was in Oct 2026, reporting $13M raised.

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