# US Innovative Technology Fund

> US Innovative Technology Fund is a VC fund backing Artificial Intelligence and Machine Learning. See 40 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 40
- Last investment: May 2026
- Lead investor: 57%
- Last updated: Aug 2026

US Innovative Technology Fund is a VC fund focused on Artificial Intelligence and Machine Learning. US Innovative Technology Fund operates as an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 11 | 28% |
| Machine Learning | 7 | 18% |
| Software | 6 | 15% |
| Information Technology | 5 | 13% |
| Aerospace | 4 | 10% |

57 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 7 | 18% |
| Series C | 7 | 18% |
| Series D | 4 | 10% |
| Series E | 4 | 10% |
| Series A | 3 | 8% |

9 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Thea Energy | Thea Energy is taking a faster approach to commercialize fusion energy. The company’s fusion systems will create a limitless source of zero emission energy for a sustainable future.Thea Energy is leveraging recent breakthroughs in stellarator physics and engineering developed at Princeton University and elsewhere. The company was founded in 2022with the objective of building modular, utility-scale fusion power. | $100M | Series B | May 27, 2026 |  |
| Nexthop AI | Nexthop AI develops AI infrastructure and custom networking solutions for large cloud operators, focusing on enhancing operational efficiency and connectivity within complex network environments. The company offers a range of services, including network automation, data management, and analytics, enabling clients to optimize their networkperformance and streamline their operations. Through its innovative solutions, Nexthop AI addresses the challenges faced by cloud operators, providing tools that facilitate seamless integration and scalability in dynamic computing environments. Additionally, Nexthop AI emphasizes compatibility with open-source network operating systems, allowing clients to leverage existing technologies while implementing advanced networking strategies. | $500M | Series B | Mar 10, 2026 |  |
| Oxide Computer Company | Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. The company uses technology to bring cloud hyper-scale innovations in the areas of density, efficiency, cost, reliability, manageability, and security of hardware and software, as well as the ability to segment racks into zones or regions based on where therack is located, allowing companies and IT professionals to access computer infrastructure built with innovation and to deliver hyper-scale cloud computing. | $200M | Series C | Feb 05, 2026 |  |
| Oxide Computer Company | Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. The company uses technology to bring cloud hyper-scale innovations in the areas of density, efficiency, cost, reliability, manageability, and security of hardware and software, as well as the ability to segment racks into zones or regions based on where therack is located, allowing companies and IT professionals to access computer infrastructure built with innovation and to deliver hyper-scale cloud computing. | $200M | Series C | Feb 05, 2026 |  |
| Lambda | Lambda provides GPU-powered hardware, cloud, and software solutions tailored for AI model development, training, fine-tuning, inference, and deployment. Its offerings include on-demand GPU cloud instances and multi-node clusters, desktop and server workstations equipped with NVIDIA GPUs, a curated software stack for seamless integration of MLtools, and consulting services that help build scalable ML infrastructure and workflows. | $1.5B | Series E | Nov 18, 2025 |  |
| Stoke Space | Stoke Space develops the Nova rocket, a fully reusable launch vehicle designed to provide affordable access to and from Earth's orbit. The vehicle features a reusable upper stage that enables on-demand access to any orbit for cargo, logistics, and asset operations. Stoke Space operates vertically integrated design and manufacturing to buildand rapidly iterate on its rocket engines and structures. | $860M | Series D | Oct 08, 2025 |  |
| Modular | Modular provides an AI infrastructure platform designed for GPU portability and unparalleled performance in AI workloads. The platform features serverless inference endpoints, fine-tuning services, and training clusters to simplify the journey from AI development to production. Modular offers solutions for high-speed LLM serving and cross-hardwarestack management for NVIDIA and AMD environments. | $250M | Series C | Sep 24, 2025 |  |
| Colossal Biosciences | Colossal is a ground-breaking bioscience and gene engineering firm that develops cutting-edge genomics technology. | $120M | Series C | Sep 17, 2025 |  |
| Oxide Computer Company | Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. The company uses technology to bring cloud hyper-scale innovations in the areas of density, efficiency, cost, reliability, manageability, and security of hardware and software, as well as the ability to segment racks into zones or regions based on where therack is located, allowing companies and IT professionals to access computer infrastructure built with innovation and to deliver hyper-scale cloud computing. | $100M | Series B | Jul 30, 2025 |  |
| Oxide Computer Company | Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. The company uses technology to bring cloud hyper-scale innovations in the areas of density, efficiency, cost, reliability, manageability, and security of hardware and software, as well as the ability to segment racks into zones or regions based on where therack is located, allowing companies and IT professionals to access computer infrastructure built with innovation and to deliver hyper-scale cloud computing. | $100M | Series B | Jul 30, 2025 |  |

10 of 40 investments shown.

## Co-investors
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 11 deals together
- [Friends & Family Capital](https://shizune.co/investors/profile/friends-family-capital) — VC Fund, 9 deals together
- [8VC](https://shizune.co/investors/profile/8vc) — VC Fund, 6 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 6 deals together
- [Breyer Capital](https://shizune.co/investors/profile/breyer-capital) — VC Fund, 5 deals together
- [Founders Fund](https://shizune.co/investors/profile/founders-fund) — VC Fund, 5 deals together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does US Innovative Technology Fund invest in?

US Innovative Technology Fund invests primarily in Artificial Intelligence, Machine Learning and Software startups, most often at Series B and Series C stage. Most of the 40 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did US Innovative Technology Fund last invest?

The most recent investment recorded for US Innovative Technology Fund closed in May 2026. Shizune tracks 40 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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