# Commerce Ventures' AI Investments: 11 Startups in Its Portfolio (2026) > The 11 AI startups Commerce Ventures has backed, by stage: $374M raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/commerce-ventures-ai-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 4 - [*F* Forward](https://millionrounds.com/company/forward) - [Guava](https://millionrounds.com/company/guava) - [*R* Rulesbase](https://millionrounds.com/company/rulesbase) - [*R* Rulebase](https://millionrounds.com/company/rulebase) ## Series A 3 - [Cimulate AI](https://millionrounds.com/company/cimulate-ai) - [Kastle](https://millionrounds.com/company/kastle) - [Pensa Systems](https://millionrounds.com/company/pensa-systems) ## Series B 2 - [Casap](https://millionrounds.com/company/casap) - [*L* Liberate](https://millionrounds.com/company/liberate) ## Stage not reported 2 - [Kasisto](https://millionrounds.com/company/kasisto) - [Pie](https://millionrounds.com/company/pie) ## Segment by segment ### Pre-seed and seed 4 startups · $135M raised - [*F* **Forward**](https://millionrounds.com/company/forward) FORWARD - the B2B network for regional transport logistics. United States $117M - [**Guava**](https://millionrounds.com/company/guava) Guava is a private network and community engine dedicated to supporting Black and Brown founders. United States $13M - [*R* **Rulesbase**](https://millionrounds.com/company/rulesbase) Nigeria $2.1M - [*R* **Rulebase**](https://millionrounds.com/company/rulebase) Rulebase is a free, web-based platform that collects and organizes the rules of life. United States $2.1M ### Series A 3 startups · $63M raised - [**Cimulate AI**](https://millionrounds.com/company/cimulate-ai) Cimulate uses generative AI to enhance customer interactions by providing instant, accurate, and personalized responses. United States $28M - [**Kastle**](https://millionrounds.com/company/kastle) Kastle is an applied AI company based in San Francisco, founded in 2024. United States $24M - [**Pensa Systems**](https://millionrounds.com/company/pensa-systems) Pensa Systems is a technology company based in Austin, Texas, founded in 2016. United States $11M ### Series B 2 startups · $131M raised - [**Casap**](https://millionrounds.com/company/casap) Casap is a San Francisco-based FinTech company founded in 2023, specializing in AI-powered dispute automation and fraud prevention. United States $81M - [*L* **Liberate**](https://millionrounds.com/company/liberate) United States $50M ### Stage not reported 2 startups · $45M raised - [**Kasisto**](https://millionrounds.com/company/kasisto) Kasisto's enables financial institutions to service, engage, and acquire customers. United States $41M - [**Pie**](https://millionrounds.com/company/pie) Pie is a tribal corporation that offers project and construction, management, information technology, motion picture and video production. Singapore $4.1M **How this map is made.** Every startup here works in AI and has raised money in a round we track that names Commerce Ventures as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Commerce Ventures' Fintech portfolio** 32 startups · $1.6B](https://millionrounds.com/portfolio-maps/commerce-ventures-fintech-portfolio)[Co-investors **Who invests with Commerce Ventures** 95 co-investors](https://millionrounds.com/portfolio-maps/commerce-ventures-co-investors)[Portfolio map **Commerce Ventures portfolio map** 71 startups · $3.4B](https://millionrounds.com/portfolio-maps/commerce-ventures-portfolio-map)[Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio) ## Raising from investors like Commerce Ventures? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)