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Schmidt Futures
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Grants funding researchers tackling global challenges
Schmidt Futures
Work Here?
Grants funding researchers tackling global challenges
Overview
Schmidt Futures focuses on funding projects that unite talent and technology to solve global challenges. It provides grants, funding, and resources to researchers, scientists, and technologists working on high-potential solutions, routing support through its philanthropic network and partnerships with other organizations. The organization identifies and backs initiatives that address finite, interconnected problems and accelerates them by leveraging its network, expertise, and collaboration with other philanthropic actors. Revenue comes from donations and endowments from benefactors dedicated to fostering innovation and solving critical issues. Its goal is to achieve systemic change by funding strategic, high-impact work at the intersection of talent and technology.
About Schmidt Futures
Industries
Data & Analytics
Government & Public Sector
Social Impact
Company Size
201-500
Company Stage
N/A
Total Funding
$167M
Headquarters
New York City, New York
Founded
2017
Simplify's Take
What believers are saying
- Schmidt Sciences expansion into five centers scales impact across basic science and planetary challenges.
- AI researcher funding ($125M) and Learning Engineering partnerships position leadership in education transformation.
- Kyutai co-founding establishes European open AI research hub competing with US-dominated landscape.
What critics are saying
- Schmidt Sciences transition fragments brand identity and dilutes Schmidt Futures' distinct AI philanthropy positioning.
- Eric Schmidt's August 2024 Google antitrust ruling damages founder reputation and donor confidence.
- Kyutai underperformance against Anthropic risks losing European AI talent to better-funded competitors.
What makes Schmidt Futures unique
- Talent-first approach betting on exceptional researchers solving hard problems globally.
- Hybrid capital model combining grants, investments, and startup activity for public good.
- Virtual institutes bridging institutions on earth systems, astrophysics, and scientific software.
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Funding
Total Funding
$167M
Above
Industry Average
Funded Over
0 Rounds
Company News
Biomass from agriculture, forestry and industry has great potential as feedstock for energy, animal feed and other products that show up in daily life. “Biomass from agriculture and industry is a widely available resource that is otherwise burned or sent to a landfill,” says Genevieve Croft, program scientist at Schmidt Sciences. “If you can take waste biomass and turn it into something useful, you have the opportunity to replace a petroleum-based feedstock, which has environmental justice challenges, and you’re also creating new opportunities.”. With that credo in mind, Schmidt Sciences just announced $47.3 million in funding for five US-based teams developing ways to turn waste biomass into useful products
South African aerospace startup Cloudline, backed by Schmidt Futures and other pan-African investors, secures $6 million to revolutionize carbon emissions-free autonomous flights. CEO Spencer Horne's vision of utilizing airships for large payload deliveries to isolated communities is taking flight, offering cost-efficient alternatives to drones, helicopters, and satellites. 🚀✨
Cape Town aerospace venture Cloudline has secured $6M to propel the company to the global forefront of emissions-free autonomous flight.
Kyutai has launched as what it says is the first European private-initiative laboratory dedicated to open research in artificial intelligence (AI). The lab, co-founded by the iliad Group, CMA CGM and Schmidt Futures, aims to tackle the main challenges of modern AI and promote the democratization of AI technology, according to a Friday (Nov. 17) press release. Kyutai, a non-profit laboratory, is focused on open research in AI and aims to develop large multimodal models that utilize text, sound, images and other data types, while also inventing new algorithms to enhance their capacities, reliability and efficiency, according to the release
This new lab called Kyutai will be a privately-funded nonprofit working on artificial general intelligence.
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About Schmidt Futures
Industries
Data & Analytics
Government & Public Sector
Social Impact
Company Size
201-500
Company Stage
N/A
Total Funding
$167M
Headquarters
New York City, New York
Founded
2017
There are no jobs for Schmidt Futures right now.
Find jobs on Simplify and start your career today