# Incubate Fund's AI Investments: 16 Startups in Its Portfolio (2026) > The 16 AI startups Incubate Fund has backed, by stage: $607M raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/incubate-fund-ai-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Stage not reported 6 - [Tential](https://millionrounds.com/company/tential) - [Cartken](https://millionrounds.com/company/cartken) - [Payme](https://millionrounds.com/company/pay-me) - [Cinnamon AI](https://millionrounds.com/company/cinnamon-ai) - [Tripeur](https://millionrounds.com/company/tripeur) - [*AI* AVA Intelligence](https://millionrounds.com/company/ava-intelligence) ## Pre-seed and seed 5 - [Vieu](https://millionrounds.com/company/vieu) - [Opnova](https://millionrounds.com/company/opnova) - [LENZO](https://millionrounds.com/company/lenzo) - [Gatebox](https://millionrounds.com/company/gatebox) - [YAMASTRO](https://millionrounds.com/company/yamastro) ## Series C and later 3 - [*N* Nominal](https://millionrounds.com/company/nominal) - [AI Medical Service](https://millionrounds.com/company/ai-medical-service) - [Kaminashi](https://millionrounds.com/company/kaminashi) ## Series B 2 - [*C* Cinnamon](https://millionrounds.com/company/cinnamon) - [MagicPod Japan](https://millionrounds.com/company/magicpod-japan) ## Segment by segment ### Stage not reported 6 startups · $37M raised - [**Tential**](https://millionrounds.com/company/tential) TENTIAL analyzes detailed purchasing behavior and attributes online and aim to deliver products based on information. Japan $13M - [**Cartken**](https://millionrounds.com/company/cartken) Cartken is an AI-powered autonomous robotics company founded in 2019 by former Google engineers. United States $10M - [**Payme**](https://millionrounds.com/company/pay-me) Pay-Me is a mobile acquiring and payment services company based in Moscow, Russia. Russia $7.4M - [**Cinnamon AI**](https://millionrounds.com/company/cinnamon-ai) Cinnamon AI is a Tokyo-based global enterprise artificial intelligence startup founded in 2012. Japan $4.5M - [**Tripeur**](https://millionrounds.com/company/tripeur) Conversational Commerce in Enterprise Travel India $1.0M - [*AI* **AVA Intelligence**](https://millionrounds.com/company/ava-intelligence) AVA Intelligence is a data analytics product company focused on the creation of tools that make AI more accessible. Japan $848K ### Pre-seed and seed 5 startups · $20M raised - [**Vieu**](https://millionrounds.com/company/vieu) Vieu offers a comprehensive AI-generated execution strategy, from prospecting to proposal to procurement. United States $11M - [**Opnova**](https://millionrounds.com/company/opnova) Opnova brings unified identity orchestration to the applications beyond the reach of IGA and ITSM platforms. United States $3.8M - [**LENZO**](https://millionrounds.com/company/lenzo) Lenzo is an eCommerce platform that sells wedding and party products. Japan $3.2M - [**Gatebox**](https://millionrounds.com/company/gatebox) Gateboxは、「Living with Characters」をビジョンに掲げ、キャラクターと暮らせる製品を開発するメーカーです。 Japan $1.6M - [**YAMASTRO**](https://millionrounds.com/company/yamastro) YAMASTRO focused on revolutionizing manufacturing with AI and software. Japan $641K ### Series C and later 3 startups · $531M raised - [*N* **Nominal**](https://millionrounds.com/company/nominal) United States $411M - [**AI Medical Service**](https://millionrounds.com/company/ai-medical-service) AI Medical Service is a Tokyo-based company developing AI software to help detect gastric cancer. Japan $106M - [**Kaminashi**](https://millionrounds.com/company/kaminashi) Kaminashi is a technology-based firm that designs and develops workplace digitization software to track on-site work records. Japan $14M ### Series B 2 startups · $19M raised - [*C* **Cinnamon**](https://millionrounds.com/company/cinnamon) Singapore $15M - [**MagicPod Japan**](https://millionrounds.com/company/magicpod-japan) MagicPod provides an automation cloud service through AI technology. Japan $3.5M **How this map is made.** Every startup here works in AI and has raised money in a round we track that names Incubate Fund 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) [Portfolio map **Incubate Fund portfolio map** 71 startups · $1.6B](https://millionrounds.com/portfolio-maps/incubate-fund-portfolio-map)[Co-investors **Who invests with Incubate Fund** 43 co-investors](https://millionrounds.com/portfolio-maps/incubate-fund-co-investors)[Sector portfolio **Global Brain Corporation's AI portfolio** 39 startups · $1.4B](https://millionrounds.com/portfolio-maps/global-brain-corporation-ai-portfolio)[Sector portfolio **Mizuho Capital's AI portfolio** 35 startups · $16B](https://millionrounds.com/portfolio-maps/mizuho-capital-ai-portfolio)[Sector portfolio **Mitsubishi UFJ Capital's AI portfolio** 34 startups · $845M](https://millionrounds.com/portfolio-maps/mitsubishi-ufj-capital-co-ltd-ai-portfolio)[Sector portfolio **Mizuho Corporate Bank's AI portfolio** 26 startups · $3.5B](https://millionrounds.com/portfolio-maps/mizuho-corporate-bank-ai-portfolio) ## Raising from investors like Incubate Fund? 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