Schmidt Futures

Schmidt Futures

Philanthropic initiative supporting innovative projects

About Schmidt Futures

Simplify's Rating
Why Schmidt Futures is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Social Impact

AI & Machine Learning

Company Size

201-500

Company Stage

N/A

Total Funding

$166.9M

Headquarters

New York City, New York

Founded

2017

Overview

Schmidt Futures focuses on promoting innovation by funding projects that combine talent and technology. It provides grants and resources to researchers, scientists, and technologists who are developing solutions to significant global challenges. The organization distinguishes itself by targeting specific issues that connect with other initiatives within its philanthropic network, ensuring that support is both strategic and impactful. By leveraging a wide network and collaborating with other philanthropic organizations, Schmidt Futures aims to maximize the effectiveness of its funding and drive systemic change in various fields.

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Simplify's Take

What believers are saying

  • Increased focus on sustainable aviation fuels aligns with Schmidt Futures' green initiatives.
  • The rise of open-source AI labs fosters collaboration, benefiting Schmidt Futures' research goals.
  • Venture philanthropy trend creates new opportunities for Schmidt Futures' funding model.

What critics are saying

  • Competition in AI research funding is intensifying, challenging Schmidt Futures' initiatives.
  • Biomass projects may face regulatory challenges, affecting Schmidt Futures' investments.
  • Open-source AI research may lead to intellectual property conflicts for Schmidt Futures.

What makes Schmidt Futures unique

  • Schmidt Futures uniquely combines philanthropy with venture capital to drive systemic change.
  • The organization supports projects at the intersection of talent and technology.
  • Schmidt Futures collaborates with other philanthropic entities to maximize impact.

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Funding

Total Funding

$166.9M

Above

Industry Average

Funded Over

0 Rounds

Company News

AgFunder News
Jul 22nd, 2024
Schmidt Sciences Investing Millions Into Biomass Projects That Can Replace Fossil Fuel Feedstocks

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

WazoPlus
Dec 22nd, 2023
Wazoplus - Cloudline Raises $6M to Soar into Green Autonomous Flight – Schmidt Futures Joins the Journey 🌐🛸 🇿🇦

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. 🚀✨

TechCrunch
Dec 21st, 2023
Backed by Schmidt Futures, Cloudline raises $6M to take aerial autonomy green and mainstream | TechCrunch

Cape Town aerospace venture Cloudline has secured $6M to propel the company to the global forefront of emissions-free autonomous flight.

PYMNTS
Nov 17th, 2023
Kyutai Launches As Europe’S First Ai Open Research Lab

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

TechCrunch
Nov 17th, 2023
Kyutai is a French AI research lab with a $330 million budget that will make everything open source | TechCrunch

This new lab called Kyutai will be a privately-funded nonprofit working on artificial general intelligence.

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