# Lux Capital's AI Investments: 92 Startups in Its Portfolio (2026)

> The 92 AI startups Lux Capital has backed, by stage: $46B raised between them. From the rounds we track; updated nightly.

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

## Series A

21

- [Flapping Airplanes](https://millionrounds.com/company/flapping-airplanes)
- [Xaira Therapeutics](https://millionrounds.com/company/xaira-therapeutics)
- [*G* Glow](https://millionrounds.com/company/glow)
- [Covenant](https://millionrounds.com/company/covenant)
- [Dyno Therapeutics](https://millionrounds.com/company/dyno-therapeutics)
- [Cognichip](https://millionrounds.com/company/cognichip)
- [Mendra](https://millionrounds.com/company/mendra)
- [*ML* Majestic Labs](https://millionrounds.com/company/majestic-labs)
- [Telly](https://millionrounds.com/company/telly)
- [Gandeeva Therapeutics](https://millionrounds.com/company/gandeeva-therapeutics)
- [*1A* 1001 AI](https://millionrounds.com/company/1001-ai)
- [WellTheory](https://millionrounds.com/company/welltheory)
- [LatchBio](https://millionrounds.com/company/latchbio)
- [Eytrix](https://millionrounds.com/company/eytrix)
- [Inductive Bio](https://millionrounds.com/company/inductive-bio)
- [Delphi](https://millionrounds.com/company/delphi)
- [Alife](https://millionrounds.com/company/alife)
- [Auransa](https://millionrounds.com/company/auransa)
- [*F* Fiddler](https://millionrounds.com/company/fiddler)
- [Arraiy](https://millionrounds.com/company/arraiy)
- [tldraw](https://millionrounds.com/company/tldraw)

## Pre-seed and seed

21

- [Unconventional AI](https://millionrounds.com/company/unconventional-ai)
- [EvolutionaryScale](https://millionrounds.com/company/evolutionaryscale)
- [Tenzai](https://millionrounds.com/company/tenzai)
- [Valthos](https://millionrounds.com/company/valthos)
- [*F* Flora](https://millionrounds.com/company/flora)
- [Frontera Health](https://millionrounds.com/company/frontera-health)
- [*C* Context](https://millionrounds.com/company/context)
- [Transfyr](https://millionrounds.com/company/transfyr)
- [SkyPilot](https://millionrounds.com/company/skypilot)
- [Bild](https://millionrounds.com/company/bild)
- [Lanai](https://millionrounds.com/company/lanai)
- [Feeling Great](https://millionrounds.com/company/feeling-great)
- [*S* SONATA](https://millionrounds.com/company/sonata)
- [Phonic](https://millionrounds.com/company/phonic)
- [Magie](https://millionrounds.com/company/magie)
- [Lekko](https://millionrounds.com/company/lekko)
- [Biosynch.ai](https://millionrounds.com/company/biosynch-ai)
- [AlphaLit](https://millionrounds.com/company/alphalit)
- [CryptoNumerics](https://millionrounds.com/company/cryptonumerics)
- [Pinscreen](https://millionrounds.com/company/pinscreen)
- [Camtech AI](https://millionrounds.com/company/camtech-ai)

## Series B

16

- [DeepSeek](https://millionrounds.com/company/deepseek)
- [*PI* Physical Intelligence](https://millionrounds.com/company/physical-intelligence)
- [CuspAI](https://millionrounds.com/company/cuspai)
- [Cloaked](https://millionrounds.com/company/cloaked)
- [Juicebox](https://millionrounds.com/company/juicebox)
- [Evolv Technology](https://millionrounds.com/company/evolv-technology)
- [Crosby](https://millionrounds.com/company/crosby)
- [Osmo](https://millionrounds.com/company/osmo)
- [XDOF](https://millionrounds.com/company/xdof)
- [11x](https://millionrounds.com/company/11x)
- [Maven AGI](https://millionrounds.com/company/maven-agi)
- [Vendia](https://millionrounds.com/company/vendia)
- [Veo Robotics](https://millionrounds.com/company/veo-robotics)
- [VulnCheck](https://millionrounds.com/company/vulncheck)
- [Shiru](https://millionrounds.com/company/shiru)
- [DoNotPay](https://millionrounds.com/company/donotpay)

## Series C and later

14

- [Cognition](https://millionrounds.com/company/cognition)
- [Together AI](https://millionrounds.com/company/together-ai)
- [Stord](https://millionrounds.com/company/stord)
- [Enveda](https://millionrounds.com/company/enveda)
- [LangChain](https://millionrounds.com/company/langchain)
- [*N* Nominal](https://millionrounds.com/company/nominal)
- [Cognition AI](https://millionrounds.com/company/cognition-ai)
- [Mythic](https://millionrounds.com/company/mythic)
- [Sourcegraph](https://millionrounds.com/company/sourcegraph)
- [Tecton](https://millionrounds.com/company/tecton)
- [Clarifai](https://millionrounds.com/company/clarifai)
- [Covariant](https://millionrounds.com/company/covariant)
- [Fiddler AI](https://millionrounds.com/company/fiddler-ai)
- [OpenSpace](https://millionrounds.com/company/openspace)

## Stage not reported

13

- [*UI* Unconventional, Inc.](https://millionrounds.com/company/unconventional-inc)
- [Applied Intuition](https://millionrounds.com/company/applied-intuition)
- [Runway](https://millionrounds.com/company/runway)
- [*Z* Zoox](https://millionrounds.com/company/zoox)
- [Sakana AI](https://millionrounds.com/company/sakana-ai)
- [Saildrone](https://millionrounds.com/company/saildrone)
- [Hugging Face](https://millionrounds.com/company/hugging-face)
- [Rigetti Computing](https://millionrounds.com/company/rigetti-computing)
- [LabGenius](https://millionrounds.com/company/labgenius)
- [Zededa](https://millionrounds.com/company/zededa)
- [Caper](https://millionrounds.com/company/caper)
- [Bluenote Health](https://millionrounds.com/company/bluenote-health)
- [DeepSpin](https://millionrounds.com/company/deepspin)

## Growth

7

- [Armada](https://millionrounds.com/company/armada)
- [Applied Compute](https://millionrounds.com/company/applied-compute)
- [*F* Flourish](https://millionrounds.com/company/flourish)
- [Modal Labs](https://millionrounds.com/company/modal-labs)
- [Factory](https://millionrounds.com/company/factory)
- [Lumafield](https://millionrounds.com/company/lumafield)
- [Genius AI](https://millionrounds.com/company/genius-ai)

## Segment by segment

### Series A

21 startups · $3.4B raised

- [**Flapping Airplanes**](https://millionrounds.com/company/flapping-airplanes) Flapping Airplanes is an AI research lab dedicated to developing data-efficient training methods for artificial intelligence. United States $1.2B
- [**Xaira Therapeutics**](https://millionrounds.com/company/xaira-therapeutics) Xaira Therapeutics is an integrated biotechnology company founded in 2023 and publicly launched in April 2024. United States $1.0B
- [*G* **Glow**](https://millionrounds.com/company/glow) United States $306M
- [**Covenant**](https://millionrounds.com/company/covenant) Covenant is an innovative AI law firm focused on serving private market investors. United States $254M
- [**Dyno Therapeutics**](https://millionrounds.com/company/dyno-therapeutics) Dyno Therapeutics is a biotechnology company based in Watertown, Massachusetts, founded in 2018. United States $100M
- [**Cognichip**](https://millionrounds.com/company/cognichip) Cognichip Inc. United States $93M
- [**Mendra**](https://millionrounds.com/company/mendra) Mendra is an AI-native biopharmaceutical company based in San Francisco, founded in 2025. United States $82M
- [*ML* **Majestic Labs**](https://millionrounds.com/company/majestic-labs) United States $71M

### Pre-seed and seed

21 startups · $980M raised

- [**Unconventional AI**](https://millionrounds.com/company/unconventional-ai) Unconventional AI rethinks computer foundations to optimize energy efficiency for AI. United States $475M
- [**EvolutionaryScale**](https://millionrounds.com/company/evolutionaryscale) EvolutionaryScale was an AI research lab and public benefit company based in New York City, focused on biology-oriented artificial United States $142M
- [**Tenzai**](https://millionrounds.com/company/tenzai) Tenzai is a data science and AI solution provider that focuses on strategic outcomes. - $75M
- [**Valthos**](https://millionrounds.com/company/valthos) Valthos is a New York-based biodefense startup founded in September 2024 by Kathleen McMahon and Tess van Stekelenburg. United States $57M
- [*F* **Flora**](https://millionrounds.com/company/flora) United States $56M
- [**Frontera Health**](https://millionrounds.com/company/frontera-health) Frontera Health assists physicians in evaluating and treating children with autism and related diseases. United States $32M
- [*C* **Context**](https://millionrounds.com/company/context) ConText offers conservation services for historic textiles, costume, and contemporary fiber art. United States $31M
- [**Transfyr**](https://millionrounds.com/company/transfyr) Transfyr is an AI company focused on scientific machine learning systems and the development of a large multimodal dataset of scie United States $25M

### Series B

16 startups · $28B raised

- [**DeepSeek**](https://millionrounds.com/company/deepseek) 深度求索（DeepSeek），探索未至之境。专注于研究世界领先的通用人工智能底层模型与技术，开源 DeepSeek-V4、DeepSeek-R1 等前沿大模型。和 DeepSeek AI 对话，轻松接入 API。 China $24B
- [*PI* **Physical Intelligence**](https://millionrounds.com/company/physical-intelligence) United States $2.0B
- [**CuspAI**](https://millionrounds.com/company/cuspai) CuspAI is an innovative artificial intelligence company based in Cambridge, United Kingdom, with additional teams in Amsterdam and Berlin. United Kingdom $950M
- [**Cloaked**](https://millionrounds.com/company/cloaked) Cloaked is a consumer-first privacy company founded in 2020 by brothers Arjun and Abhijay Bhatnagar. United States $400M
- [**Juicebox**](https://millionrounds.com/company/juicebox) Juicebox is an AI-powered recruiting platform founded in 2022, designed to streamline the hiring process for teams. United States $110M
- [**Evolv Technology**](https://millionrounds.com/company/evolv-technology) Evolv Technology an AI-enabled touchless security screening system that uses digital sensors and artificial intelligence to detect threats. United States $93M
- [**Crosby**](https://millionrounds.com/company/crosby) Crosby is a pioneering hybrid AI-powered law firm based in New York, founded in 2023 by Ryan Daniels and John Sarihan. United States $80M
- [**Osmo**](https://millionrounds.com/company/osmo) Osmo is an AI-powered olfactory intelligence company founded in 2022, specializing in digitizing smell. United States $73M

### Series C and later

14 startups · $7.3B raised

- [**Cognition**](https://millionrounds.com/company/cognition) Cognition, based in San Francisco, is an artificial intelligence company focused on enhancing software development. United States $3.0B
- [**Together AI**](https://millionrounds.com/company/together-ai) Together AI is a cloud-based platform designed for constructing open-source generative AI and infrastructure for developing AI models. United States $1.1B
- [**Stord**](https://millionrounds.com/company/stord) Stord is a cloud supply chain platform that combines digital software with physical logistics to help omnichannel brands manage th United States $782M
- [**Enveda**](https://millionrounds.com/company/enveda) Enveda Biosciences is a clinical-stage biotechnology company founded in 2019, focused on accelerating drug discovery through an AI United States $461M
- [**LangChain**](https://millionrounds.com/company/langchain) LangChain is an artificial intelligence company based in San Francisco, founded in 2022 by Harrison Chase and Ankush Gola. United States $425M
- [*N* **Nominal**](https://millionrounds.com/company/nominal) United States $411M
- [**Cognition AI**](https://millionrounds.com/company/cognition-ai) Cognition builds Devin, the autonomous software engineering agent, and developer tools for AI-driven software creation. United States $400M
- [**Mythic**](https://millionrounds.com/company/mythic) Mythic is a semiconductor company founded in 2012, specializing in power-efficient Analog Processing Units (APUs) for edge AI inference. United States $204M

### Stage not reported

13 startups · $3.2B raised

- [*UI* **Unconventional, Inc.**](https://millionrounds.com/company/unconventional-inc) United States $1.0B
- [**Applied Intuition**](https://millionrounds.com/company/applied-intuition) Applied Intuition is a software company based in Silicon Valley, focused on developing physical AI to enhance the intelligence and United States $640M
- [**Runway**](https://millionrounds.com/company/runway) Runway Group is an investment management company that offers operating businesses, community building, and economic development. United States $623M
- [*Z* **Zoox**](https://millionrounds.com/company/zoox) Zoox is an AI robotics company that provides mobility-as-a-service and self-driving car services. - $250M
- [**Sakana AI**](https://millionrounds.com/company/sakana-ai) Sakana AI is a Tokyo-based AI research and development company founded in July 2023. Japan $235M
- [**Saildrone**](https://millionrounds.com/company/saildrone) Saildrone is an American company based in Alameda, California, that designs and operates a fleet of autonomous, wind- and solar-po United States $184M
- [**Hugging Face**](https://millionrounds.com/company/hugging-face) Hugging Face is a Paris-based collaboration platform for the machine learning community, focusing on open-source AI models, datase United States $119M
- [**Rigetti Computing**](https://millionrounds.com/company/rigetti-computing) Rigetti Computing is a quantum computing company that builds and deploys full-stack quantum systems with superconducting qubits. United States $64M

### Growth

7 startups · $2.7B raised

- [**Armada**](https://millionrounds.com/company/armada) Armada is a pioneering company that offers a full-stack edge computing platform designed for remote and bandwidth-constrained indu United States $591M
- [**Applied Compute**](https://millionrounds.com/company/applied-compute) Applied Compute is an artificial intelligence company based in San Francisco, founded in 2025 by former OpenAI researchers Yash Pa United States $580M
- [*F* **Flourish**](https://millionrounds.com/company/flourish) United States $501M
- [**Modal Labs**](https://millionrounds.com/company/modal-labs) Modal develops machine learning software to help run code in the cloud. United States $442M
- [**Factory**](https://millionrounds.com/company/factory) United States $405M
- [**Lumafield**](https://millionrounds.com/company/lumafield) Lumafield is an accessible X-ray CT platform that gives engineers better insights into product development and manufacturing. United States $125M
- [**Genius AI**](https://millionrounds.com/company/genius-ai) Genius AI is a technology solution provider that specializes in artificial intelligence, software development, and 3D animation. United States $44M

**How this map is made.** Every startup here works in AI and has raised money in a round we track that names Lux Capital 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 **Lux Capital's Biotech portfolio** 27 startups · $2.5B](https://millionrounds.com/portfolio-maps/lux-capital-biotech-portfolio)[Sector portfolio **Lux Capital's Healthtech portfolio** 17 startups · $785M](https://millionrounds.com/portfolio-maps/lux-capital-healthtech-portfolio)[Sector portfolio **Lux Capital's Fintech portfolio** 15 startups · $1.3B](https://millionrounds.com/portfolio-maps/lux-capital-fintech-portfolio)[Sector portfolio **Lux Capital's Aerospace & Space portfolio** 10 startups · $3.8B](https://millionrounds.com/portfolio-maps/lux-capital-aerospace-space-portfolio)[Co-investors **Who invests with Lux Capital** 279 co-investors](https://millionrounds.com/portfolio-maps/lux-capital-co-investors)[Portfolio map **Lux Capital portfolio map** 200 startups · $64B](https://millionrounds.com/portfolio-maps/lux-capital-portfolio-map)

## Raising from investors like Lux Capital?

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)
