# S32's AI Investments: 27 Startups in Its Portfolio (2026)

> The 27 AI startups S32 has backed, by stage: $3.9B raised between them. From the rounds we track; updated nightly.

Source: https://millionrounds.com/portfolio-maps/s32-ai-portfolio (Millionrounds; every figure on the page links to its filing or article)

## Pre-seed and seed

8

- [Humans&](https://millionrounds.com/company/humans-and)
- [Network Bio](https://millionrounds.com/company/network-bio)
- [*G* Gretel](https://millionrounds.com/company/gretel)
- [RunSybil](https://millionrounds.com/company/runsybil)
- [SciFin](https://millionrounds.com/company/scifin)
- [Empirik](https://millionrounds.com/company/empirik)
- [AutoScience](https://millionrounds.com/company/autoscience)
- [XOKind](https://millionrounds.com/company/xokind)

## Series A

7

- [Mirendil](https://millionrounds.com/company/mirendil)
- [Octave](https://millionrounds.com/company/octave)
- [Inworld AI](https://millionrounds.com/company/inworld-ai)
- [Inductive Bio](https://millionrounds.com/company/inductive-bio)
- [TollBit](https://millionrounds.com/company/tollbit)
- [Metaphysic](https://millionrounds.com/company/metaphysic)
- [*C* Cue](https://millionrounds.com/company/cue)

## Series B

5

- [Character Biosciences](https://millionrounds.com/company/character-biosciences)
- [Beacon Biosignals](https://millionrounds.com/company/beacon-biosignals)
- [Endor Labs](https://millionrounds.com/company/endor-labs)
- [Phaidra](https://millionrounds.com/company/phaidra)
- [Outtake](https://millionrounds.com/company/outtake)

## Series C and later

5

- [Basecamp Research](https://millionrounds.com/company/basecamp-research)
- [BigHat Biosciences](https://millionrounds.com/company/bighat-biosciences)
- [Forward Networks](https://millionrounds.com/company/forward-networks)
- [Arbor Biotechnologies](https://millionrounds.com/company/arbor-biotechnologies)
- [Syllable](https://millionrounds.com/company/syllable)

## Stage not reported

2

- [*S* SandboxAQ](https://millionrounds.com/company/sandboxaq)
- [Nucleai](https://millionrounds.com/company/nucleai)

## Segment by segment

### Pre-seed and seed

8 startups · $719M raised

- [**Humans&**](https://millionrounds.com/company/humans-and) Humans& is a human-centric AI lab founded in late 2025 by a team of experts from Anthropic, xAI, Google, and Stanford. United States $480M
- [**Network Bio**](https://millionrounds.com/company/network-bio) Network Bio develops AI platforms designed to learn from human biology and support medical research and healthcare applications. United States $67M
- [*G* **Gretel**](https://millionrounds.com/company/gretel) GRETEL powers interactive, immersive, and intuitive art experiences that allow institutions to truly shine. United States $53M
- [**RunSybil**](https://millionrounds.com/company/runsybil) RunSybil is an AI-native offensive security company founded in 2023 and based in San Francisco, California. United States $40M
- [**SciFin**](https://millionrounds.com/company/scifin) SciFin is an AI-powered revenue intelligence platform that unifies fragmented sales data & CRM information into a single context layer. United States $38M
- [**Empirik**](https://millionrounds.com/company/empirik) Empirik is a digital marketing consultancy that provides SEO, social ads campaigns, conversion optimization and sales generation services. United States $21M
- [**AutoScience**](https://millionrounds.com/company/autoscience) - $14M
- [**XOKind**](https://millionrounds.com/company/xokind) XOKind is a San Diego-based AI startup founded in 2019, focused on creating AI agents that enhance human planning and decision-making. United States $5.3M

### Series A

7 startups · $1.6B raised

- [**Mirendil**](https://millionrounds.com/company/mirendil) Mirendil is an AI research lab that creates self-accelerating systems that convert computing power into scientific advancements. United States $1.4B
- [**Octave**](https://millionrounds.com/company/octave) Octave Capital partners with venture-backed and founder run technology companies to provide flexible growth capital and liquidity. United States $65M
- [**Inworld AI**](https://millionrounds.com/company/inworld-ai) Inworld AI is a leading developer platform and research lab based in Mountain View, California, focused on creating AI-driven virt United States $56M
- [**Inductive Bio**](https://millionrounds.com/company/inductive-bio) Inductive Bio is an AI-driven drug discovery technology company based in Brooklyn, New York. United States $25M
- [**TollBit**](https://millionrounds.com/company/tollbit) TollBit is a content monetization platform that allows AI bots and data scrapers to pay for content instead of scraping data from websites. United States $24M
- [**Metaphysic**](https://millionrounds.com/company/metaphysic) Metaphysic develops artificial intelligence-assisted tools to assist content creators in creating content. United Kingdom $18M
- [*C* **Cue**](https://millionrounds.com/company/cue) South Africa $5.0M

### Series B

5 startups · $390M raised

- [**Character Biosciences**](https://millionrounds.com/company/character-biosciences) Character Biosciences is a precision medicine company founded between 2018 and 2019, focusing on transforming drug development for United States $110M
- [**Beacon Biosignals**](https://millionrounds.com/company/beacon-biosignals) Beacon Biosignals is a Boston-based neurotechnology company founded in 2019. United States $97M
- [**Endor Labs**](https://millionrounds.com/company/endor-labs) Endor Labs is a cybersecurity company focused on Agentic Application Security and Software Supply Chain Security. United States $93M
- [**Phaidra**](https://millionrounds.com/company/phaidra) Phaidra is a Seattle-based artificial intelligence company founded in 2019. United States $50M
- [**Outtake**](https://millionrounds.com/company/outtake) The internet went agentic. United States $40M

### Series C and later

5 startups · $598M raised

- [**Basecamp Research**](https://millionrounds.com/company/basecamp-research) Basecamp Research is an AI lab focused on biological design, specializing in generating and modeling biological data at the trilli United Kingdom $222M
- [**BigHat Biosciences**](https://millionrounds.com/company/bighat-biosciences) BigHat Biosciences is a biotechnology company founded in 2019 and based in San Mateo, California. United States $150M
- [**Forward Networks**](https://millionrounds.com/company/forward-networks) Transforming networks to be more agile, reliable, and secure United States $112M
- [**Arbor Biotechnologies**](https://millionrounds.com/company/arbor-biotechnologies) Arbor Biotechnologies is a gene editing company based in Cambridge, Massachusetts, dedicated to developing genomic medicines for a United States $74M
- [**Syllable**](https://millionrounds.com/company/syllable) Syllable is a consumer goods and brand management company based in New York, with additional offices in Los Angeles. United States $40M

### Stage not reported

2 startups · $664M raised

- [*S* **SandboxAQ**](https://millionrounds.com/company/sandboxaq) United States $650M
- [**Nucleai**](https://millionrounds.com/company/nucleai) Nucleai is an AI-powered spatial biology software platform focused on precision medicine. United States $14M

**How this map is made.** Every startup here works in AI and has raised money in a round we track that names S32 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 **S32's Biotech portfolio** 18 startups · $2.4B](https://millionrounds.com/portfolio-maps/s32-biotech-portfolio)[Portfolio map **S32 portfolio map** 56 startups · $7.1B](https://millionrounds.com/portfolio-maps/s32-portfolio-map)[Co-investors **Who invests with S32** 54 co-investors](https://millionrounds.com/portfolio-maps/s32-co-investors)[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)

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