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AI2 Incubator hatches $10M fund for startups

AI2 offices
The AI2 Incubator program draws upon the resources of the Allen Institute for Artificial Intelligence in Seattle. (AI2 Photo)

Seattle’s Allen Institute for Artificial Intelligence is kicking things up more than a notch for AI startups with a $10 million pre-seed fund for its incubator program.

The AI2 Incubator’s fund is backed by some of the nation’s top venture capital institutions, such as Seattle’s Madrona Venture Group, Silicon Valley’s Sequoia Capital and Kleiner Perkins, and New York’s Two Sigma Ventures.

But wait … there’s more: The fund also draws upon high-profile investors and mentors including Tableau Software CEO Adam Selipsky, Drive.ai co-founder Carol Reiley and Amazon Worldwide Consumer CEO Jeff Wilke.

The new fund announcement comes just a day after GeekWire first reported Apple’s acquisition of Xnor.ai, a Seattle startup incubated inside of AI2.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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