AI Fund Closes $190M Second Fund to Accelerate AI Startup Creation

AI Fund, the venture studio founded by leading AI pioneer Andrew Ng, announced the close of its second fund at approximately $190 million in an oversubscribed round. The fund builds on the success of its initial $175 million raise and reflects surging investor interest in AI-native startups.

Andrew Ng, Managing General Partner, stated that the advances in AI and the reduced cost of prototyping are ushering in a golden era for startup creation. The studio’s model combines AI expertise with hands-on support to build scalable companies from the ground up. Backed by global corporate LPs including HP Inc., The AES Corporation, Mitsui, and major VCs like NEA and Sequoia, AI Fund continues to shape the future of applied AI.