AI2 Incubator
AI2 Incubator, based in Seattle, WA, helps entrepreneurs create AI-first startups through world-leading AI support and funding, having incubated over 20 companies with a collective valuation exceeding $1 billion.
Founders
AI2 Incubator was founded as part of the Paul Allen Institute for A.I. (AI2) in 2016. AI2 itself was created in 2014 by Microsoft cofounder Paul Allen. AI2 is known for its contributions to the A.I. research community, including producing over 600 papers and receiving 20+ best paper awards. In 2022, AI2 Incubator spun out as an independent entity. The incubator leverages the expertise and network of AI2 to support top-tier founders in creating AI-first startups.
Services
AI2 Incubator provides comprehensive support for AI-first startups. They offer up to $500k in pre-seed investment and up to $1M in AI compute resources. The incubator assists with co-founder matching, applied AI product development, seed round fundraising, recruiting, corporate counsel introductions, and visa/immigration support. Startups gain access to a private AI founder community, coworking desks in Seattle, business model and market strategy guidance, intellectual property strategy, pitch deck design, and storytelling help. Additional services include endorsement and credibility with investors, ongoing recruiting assistance, and operations vendor introductions.
Products
AI2 Incubator supports the development of AI-first startups that solve real-world problems. Notable startups include Yoodli, Ozette, Modulus, WhyLabs, Lexion, WellSaid, and MeasureLabs. Yoodli helps immigrants improve their communication skills. Ozette and Modulus accelerate cancer research. WhyLabs assists AI practitioners in monitoring critical algorithms. Lexion enhances business operations and legal team efficiency. WellSaid aids millions of creators in producing voice content effortlessly. MeasureLabs transforms smartphones into powerful medical devices. These companies collectively contribute to various advancements in AI and have greatly impacted their respective fields.
Sector
AI2 Incubator operates in the Computer Software industry, with a focus on artificial intelligence. The incubator specializes in machine learning, deep learning, computer vision, natural language processing (NLP), neural networks, speech, text-to-speech (TTS), and speech-to-text (STT). The organization supports the growth of startups innovating in task-centric AI, FMOps, domain-specific foundation models, and generative/creative AI. By emphasizing AI-first solutions, AI2 Incubator drives innovation and breakthroughs in the software development sector.
History
Founded in 2016, AI2 Incubator is headquartered in Seattle, WA. Initially part of the Paul Allen Institute for A.I. (AI2), it became an independent entity in 2022. AI2 Incubator aids entrepreneurs in creating AI-first startups through leading AI support and funding. Over the years, it has created 20+ companies with a collective valuation exceeding $750M and cumulative venture funding of over $150M. The incubator's startups have generated 500+ jobs, with significant growth in the last year. With a strong focus on AI and partnerships with over 240 VC firms, AI2 Incubator continues to be a pivotal player in the AI startup ecosystem.