AI Fund is a venture studio founded by Andrew Ng, the co-founder of Google Brain, former head of AI at Baidu, and creator of the popular Coursera machine learning courses. The studio operates with over $370 million in committed capital and partners with entrepreneurs from day zero to co-create AI-focused companies. AI Fund has co-founded approximately 35 portfolio companies, backed by top-tier investors including Sequoia Capital, NEA, Nikkei, and AES.
Unlike traditional venture capital firms that invest in existing startups, AI Fund operates as a studio that builds companies from scratch. The studio provides technical expertise, recruitment support, and operational resources to help new ventures get off the ground. In May 2025, AI Fund closed a $190 million oversubscribed round for its latest fund.
Regarding a scout program: no publicly available evidence confirms the existence of a formal, compensated scout program at AI Fund. The firm's model centers on internal company creation rather than external deal sourcing, which makes a traditional scout program less structurally aligned with its operations. It is possible that AI Fund maintains informal referral relationships or that a scout function existed at some point, but no details are publicly available.