# Incubators and accelerators backing Generative AI (2026 list) > 15 incubators and accelerators backing Generative AI, 100% active in the last 12 months. Led by Y Combinator, Plug and Play, Google for Startups. Source: https://millionrounds.com/lists/incubators-accelerators-genai (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Incubators and accelerators backing Generative AI Updated 7 November 2026 Incubators and accelerators we have observed in a generative AI round in the last two years. [See all 15 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-genai)The top 15 **15** investors on the list No change this week **1,374** cheques in 12 months *-23%* against the market **$4.3M** median round they joined *-46%* against the market median **100%** wrote a cheque in 12 months **47%** have led a round ## The Top 15 Ordered by cheques observed, never by anything anyone paid for Deploying now (15) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 3 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen - 4 [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck) *Deploying now* Accelerator · United States **231** **$2M** median round **Oct 2026** last seen - 5 [Founder Institute](https://millionrounds.com/fund/founder-institute-montreal) *Deploying now* Accelerator · United States **222** **$129K** median round **May 2026** last seen - 6 [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) *Deploying now* Accelerator · Japan **115** **$12M** median round **Oct 2026** last seen - 7 [Amino Capital](https://millionrounds.com/fund/amino-capital) *Deploying now* Accelerator · United States **114** **$4.3M** median round **Sept 2026** last seen - 8 [Thrive Capital](https://millionrounds.com/fund/thrive-capital) *Deploying now* Accelerator · United States **101** **$123M** median round **Sept 2026** last seen - 9 [Skyland Ventures](https://millionrounds.com/fund/skyland-ventures) *Deploying now* Accelerator · Japan **71** **$1.6M** median round **Oct 2026** last seen - 10 [Beyond Next Ventures](https://millionrounds.com/fund/beyond-next-ventures-inc) *Deploying now* Accelerator · Japan **69** **$4.3M** median round **Sept 2026** last seen - 11 [Startuplab](https://millionrounds.com/fund/startuplab) *Deploying now* Accelerator · Norway **53** **$1.1M** median round **Aug 2026** last seen - 12 [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) *Deploying now* Accelerator · Portugal **51** **$5.1M** median round **Nov 2026** last seen - 13 [Fusion](https://millionrounds.com/fund/fusion) *Deploying now* Accelerator · United States **15** **$7M** median round **May 2026** last seen - 14 [HF0](https://millionrounds.com/fund/hf0) *Deploying now* Accelerator · United States **5** **$7.3M** median round **Jul 2026** last seen - 15 [MiraclePlus](https://millionrounds.com/fund/miracleplus) *Deploying now* Accelerator · China **1** **-** median round **Oct 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Bizay](https://millionrounds.com/company/bizay)** Series D+ *Led by* [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) - **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [MiraclePlus](https://millionrounds.com/fund/miracleplus) - **29** Oct **[Reflex](https://millionrounds.com/company/reflex)** Series A · $14M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator) ## Stages This Year 1,352 rounds - Venture **28%** - Pre-seed **20%** - Seed **18%** - Series A **16%** - Series B **5%** - Other **14%** ## What They Backed Sectors, last 12 months - AI **695** - Fintech **84** - Big Data & Analytics **74** - Healthcare **58** - Financial Services **47** - IT Services **46** ## Cheques by Quarter Led Joined 466 Q1 25 459 Q2 25 513 Q3 25 470 Q4 25 450 Q1 26 404 Q2 26 267 Q3 26 46 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about incubators and accelerators backing Generative AI ### Who are the most active incubators and accelerators backing Generative AI? By cheques observed, the most active are Y Combinator, Plug and Play, Google for Startups, Berkeley SkyDeck and Founder Institute. ### How many incubators and accelerators backing Generative AI are there? 15 are on record. 100% made an investment in the last 12 months and 47% have led a round. ### Which stages do incubators and accelerators backing Generative AI back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (29%) and Seed (26%). ### How big are the rounds incubators and accelerators backing Generative AI join? The typical (median) round among the leading investors here is $4.3M. ### Which sectors do incubators and accelerators backing Generative AI back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which incubators and accelerators backing Generative AI lead the most rounds? Thrive Capital (14 led), Y Combinator (11 led) and Indico Capital Partners (4 led). ### Where are incubators and accelerators backing Generative AI based? Among the most active, most are based in the United States (9), Japan (3) and Norway (1). ### What have incubators and accelerators backing Generative AI invested in recently? Recent rounds include Bizay (Series D+, Nov 2026, with Indico Capital Partners), Lazarus AI (Nov 2026, with Plug and Play) and Carryt (Nov 2026, with Plug and Play). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)