Allen Institute for Artificial Intelligence Incubator (AI2)

About The Fund

The Allen Institute for Artificial Intelligence Incubator, also known as AI2 Incubator, is specialized in empowering founders who are creating AI-first companies. Operating from Seattle, the incubator program is dedicated to supporting top-tier founders and aiding them in transforming their AI-driven visions into high-growth startups. AI2 Incubator distinguishes itself by leveraging their exceptional technical prowess and AI expertise to go beyond financial backing. Originating from the Allen Institute for Artificial Intelligence—founded by Microsoft co-founder Paul Allen—the incubator is deeply entrenched in the commercialization of artificial intelligence technologies. Their investment focus primarily targets promising ventures in various industries including Software, PropTech, Media, Business Solutions, Hardware & Manufacturing, Energy, IoT & Wearables, AI & Big Data, Analytics, Developer Tools, Logistics & Distribution, Real Estate & Construction, Woman Focused, among others. The fund typically invests between $50,000 to $1,000,000, with a sweet spot of around $150,000 for investments, centering on Pre-Seed and Seed stages. AI2 Incubator's portfolio includes companies like Ozette and WhyLabs, with a combined valuation exceeding $1.2 billion. They look for exceptional AI researchers, software engineers, scientists across various disciplines, product leaders, and small existing teams or startups, offering them a platform to leverage large-scale foundation models like GPT, Claude, and DALL-E to build impactful products and companies. They are actively exploring opportunities in Task-Centric AI, FMOps, Domain-Specific Foundation Models (DSFMs), and Generative/Creative AI, positioning themselves as an AI research institution that facilitates the entrance into an era where foundational models are reshaping the landscape of AI applications.