# Qatar Ban's AI Investments: 11 Startups in Its Portfolio (2026)

> The 11 AI startups Qatar Ban has backed, by stage: $263B raised between them. From the rounds we track; updated nightly.

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

## Series C and later

7

- [Anthropic](https://millionrounds.com/company/anthropic)
- [xAI](https://millionrounds.com/company/xai)
- [Crusoe](https://millionrounds.com/company/crusoe)
- [Ayar Labs](https://millionrounds.com/company/ayar-labs)
- [MUJIN](https://millionrounds.com/company/mujin)
- [d-Matrix](https://millionrounds.com/company/d-matrix)
- [Instabase](https://millionrounds.com/company/instabase)

## Stage not reported

2

- [Replit](https://millionrounds.com/company/replit)
- [Applied Intuition](https://millionrounds.com/company/applied-intuition)

## Growth

2

- [Databricks](https://millionrounds.com/company/databricks)
- [SambaNova Systems](https://millionrounds.com/company/sambanova-systems)

## Segment by segment

### Series C and later

7 startups · $226B raised

- [**Anthropic**](https://millionrounds.com/company/anthropic) United States $134B
- [**xAI**](https://millionrounds.com/company/xai) United States $81B
- [**Crusoe**](https://millionrounds.com/company/crusoe) Crusoe is an energy-first AI infrastructure company that develops and operates large-scale, AI-optimized data centers powered by c United States $9.9B
- [**Ayar Labs**](https://millionrounds.com/company/ayar-labs) Ayar Labs is a semiconductor company focused on transforming AI infrastructure through high-speed, light-based optical I/O solutions. United States $904M
- [**MUJIN**](https://millionrounds.com/company/mujin) Mujin is a leader in intelligent robotics and automation technology, based in Tokyo, Japan. Japan $374M
- [**d-Matrix**](https://millionrounds.com/company/d-matrix) d-Matrix is a semiconductor company based in Santa Clara, California, founded in 2019. United States $275M
- [**Instabase**](https://millionrounds.com/company/instabase) Instabase is a technology company based in San Francisco that specializes in an AI-powered automation platform. United States $127M

### Stage not reported

2 startups · $1.5B raised

- [**Replit**](https://millionrounds.com/company/replit) Replit provides a cloud-based development platform that enables users to write, run, and deploy applications in browsers. United States $905M
- [**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

### Growth

2 startups · $35B raised

- [**Databricks**](https://millionrounds.com/company/databricks) Databricks is a data and AI company that provides a unified, cloud-based platform designed for data analytics, artificial intellig United States $34B
- [**SambaNova Systems**](https://millionrounds.com/company/sambanova-systems) SambaNova Systems builds AI hardware and integrated systems to run AI applications from the data center to the cloud. United States $1.0B

**How this map is made.** Every startup here works in AI and has raised money in a round we track that names Qatar Ban 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)

[Co-investors **Who invests with Qatar Ban** 67 co-investors](https://millionrounds.com/portfolio-maps/qatar-ban-co-investors)[Investments abroad **Qatar Ban's investments in the United States** 16 startups · $277B](https://millionrounds.com/portfolio-maps/qatar-ban-investments-united-states)[Sector portfolio **Y Combinator's AI portfolio** 1,143 startups · $44B](https://millionrounds.com/portfolio-maps/y-combinator-ai-portfolio)[Sector portfolio **Y Combinator's Fintech portfolio** 338 startups · $24B](https://millionrounds.com/portfolio-maps/y-combinator-fintech-portfolio)[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)

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