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Alternative Assets  + VC  |  October 11, 2023
AI-Focused AIX Ventures Looks to Raise $150M Sophomore Fund
Joe Palmisano
By: Joe Palmisano

AI-Focused AIX Ventures Looks to Raise $150M Sophomore Fund

AIX Ventures, the artificial intelligence-focused investor launched by former Salesforce chief scientist Richard Socher in 2022, is looking to raise $150 million for its sophomore fund, according to a filing submitted to the US Securities and Exchange Commission.

The firm attracted big-name backers for its $50 million inaugural fund raise last year, including Bain Capital Ventures, Foundation Capital, Khosla Ventures and Lux Capital.

The firm targets investments in pre-seed and seed-stage AI startups, with a focus on consumer, developer tools and data, healthcare, life sciences, manufacturing, warehousing and software-as-a-service.

It looks to invest between $500,000 and $2 million, with extra capital reserves for potential follow-on investments in Series A and beyond.

Its portfolio investments to date include Exazyme, which is using AI for industrial protein engineering, Ware, which uses AI to fly inventory-taking warehouse drones, and Eliza Dolls, dolls aimed at teaching girls how to code.

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AIX Ventures

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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