AI Fund III

About AI Fund III

AI Fund III is a venture capital firm based in United States, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionUnited States

Funding StageSeed

Industry Focus

Ai Ml

Investor Signals Profile

active

Sweet Spot

UK deep tech founder building AI for industrial physical systems

Physical AI

Industrial Automation

Hardware-Software Stack

UK Deep Tech

Edge AI

Bullish Signals

£50M cornerstone from British Business Bankblog

NSSIF accreditation — rare for seed fundblog

Fund III — 3rd consecutive BBB programmeblog

38 portfolio companies across two fundsblog

Contrarian Signals

Hardware timelines slow, exits less liquidblog

UK-only focus limits global deal flowblog

Series A+ support pool narrow in industrial AIblog

Founder Do's

Build AI for physical industrial environments

UK-based team, European industrial customers

Hardware-software integrated products

Defense- or government-adjacent applications welcome

Show real production systems, not pilots

Founder Don'ts

No consumer AI or pure SaaS

No US-first companies targeting American markets

No software-only AI applications

Key GPs & Partners

Mads Jensen

Co-Founder & General Partner

ex-founderhands-onthesis-driven

Dan Bowyer

Co-Founder & General Partner

ex-founderhands-onthesis-driven

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Fund Overview

Fund Size$190M

Saves0

Website

Key People

Andrew Ng, Eva Wang, Warren Ackard

Mads JensenCo-Founder & General Partner

Dan BowyerCo-Founder & General Partner