a portfolio company of the AI2 Incubator

a portfolio company of the AI2 Incubator

Incubates AI startups, focuses on foundational models

About a portfolio company of the AI2 Incubator

Simplify's Rating
Why a portfolio company of the AI2 Incubator is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

AI & Machine Learning

Biotechnology

Company Size

11-50

Company Stage

Seed

Total Funding

$38.7M

Headquarters

Seattle, Washington

Founded

2016

Overview

AI2 Incubator specializes in incubating AI-first startups, focusing on leveraging large-scale foundation models like GPT-3 and DALL-E for diverse tasks such as email prose generation and software code creation. This provides a fertile environment for innovation and a strong focus on advanced AI technologies, making it an ideal workplace for those looking to be at the forefront of AI advancement and application. Employees benefit from working on cutting-edge projects in an entity that is shaping the future of Task-Centric AI, FMOps, Domain-Specific FMs, and Generative/Creative AI domains.

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Simplify's Take

What believers are saying

  • AI2 Incubator's startups have collectively raised over $200 million in funding.
  • The incubator's move to Pier 70 aligns with Seattle's tech industry growth.
  • AI2 Incubator's support for niche AI applications leads to targeted, effective solutions.

What critics are saying

  • Competition from other AI incubators like Y Combinator may divert top talent.
  • Former AI2 scientists starting ventures could shift focus from current projects.
  • Seattle's real estate volatility may increase operational costs for the incubator.

What makes a portfolio company of the AI2 Incubator unique

  • AI2 Incubator focuses on AI-first startups, offering specialized support and funding.
  • The incubator's new 'AI House' fosters collaboration among AI startups and experts.
  • AI2 Incubator's strategic Seattle waterfront location enhances its appeal to tech companies.

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Funding

Total Funding

$38.7M

Above

Industry Average

Funded Over

0 Rounds

Company News

Finextra
Apr 15th, 2025
Friday Harbor raises $6M for AI mortgages

Friday Harbor, an AI-powered mortgage origination platform, has raised a $6 million seed round led by Abstract Ventures and Mischief, with participation from Wischoff Ventures and the AI2 Incubator. The funding will enhance their engineering team and support integrations with mortgage LOS and point-of-sale platforms. CEO Theo Ellis emphasizes the platform's ability to provide advanced tools to lenders of all sizes, streamlining loan processes and accelerating underwriting.

GeekWire
Mar 26th, 2025
Inside Seattle’S ‘Ai House’: Waterfront Space Designed As Hub For New Wave Of Startups

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Seattle Mayor Bruce Harrell speaks during an open house at “AI House” in Seattle on Wednesday, alongside Ada Developers Academy CEO Tina-Marie Gulley, left, AI2 Incubator co-managing director Yifan Zhang, and Markham McIntyre, director of the city’s Office of Economic Development. (GeekWire Photo / Kurt Schlosser)The next wave of AI startups in Seattle could be born just above the waters of Elliott Bay.“AI House,” a first-in-the-nation hub designed to bring entrepreneurs, investors, students and community leaders together to enhance collaboration on artificial intelligence, is up and running at Pier 70.Officials from the City of Seattle joined AI2 Incubator and Ada Developers Academy during an open house on Wednesday to officially show off the 108,000-square-foot facility. In the sprawling building, which is still being built out, there will be room for 1,000 desks in co-working space that is already home to about 20 startups.AI House will also offer event space and be a gathering spot for more than 100 AI experts from around the region who can network, take meetings and share their knowledge with budding AI builders.“This AI house will play a pivotal role in attracting, growing and retaining top notch AI talent, AI companies home grown here in Seattle,” said Seattle Mayor Bruce Harrell. “That’s what it’s all about.”AI House features 108,000 square feet of space for offices, co-working, events and more. (GeekWire Photo / Kurt Schlosser)Harrell, joined by Markham McIntyre, director of Seattle’s Office of Economic Development, championed the hub as another point of pride in Harrell’s efforts to draw people and businesses back to downtown Seattle.AI2 Incubator, which spun off in 2022 from its original home, the Allen Institute for Artificial Intelligence, runs an incubator which helps nurture startups

TryCADDI
Mar 6th, 2025
Caddi Raises $5M for Automation Revolution

Caddi has raised $5 million in seed funding led by Ubiquity Ventures, with participation from Founders’ Co-op and the AI2 Incubator. Caddi's "record-to-code" platform automates tasks for professional services firms by transforming user actions into API-driven automations, eliminating the need for coding or IT teams. Early users report significant efficiency gains and cost savings. Caddi plans to launch a self-serve tool later this year to expand access to its automation technology.

GeekWire
Mar 5th, 2025
This Seattle Ai Startup Watches You Work — Then Automates The Tedious Back-Office Tasks

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Caddi co-founders Aditya Sastry, left, and Alejandro Castellano. (Caddi Photo)A Seattle startup hatched out of AI2 Incubator is emerging from stealth today, announcing a $5 million seed round to fuel its goal of automating basic business operations with generative AI.Caddi is developing “automation by demonstration” technology, allowing users to create screen recordings with audio that serve as AI training videos for tasks such as customer onboarding, email management, document organization, data entry and invoicing. The system then converts these recordings into automated workflows, effectively creating a virtual employee.Caddi’s initial focus is on the legal and financial sectors.The startup’s name is inspired by the role of a golf caddie, who handles the tedious, behind-the-scenes tasks so players can focus on the game itself.“You are the expert in your topic,” co-founder and CEO Alejandro Castellano told GeekWire. “Let us help you run all the admin, back-office work.”Castellano launched Caddi in August with co-founder and Chief Technology Officer Aditya Sastry.Both are serial entrepreneurs. Castellano, originally from Peru, spent five years managing a portfolio of companies and investments at a financial firm before earning a master’s degree in engineering from Cornell University

GeekWire
Mar 5th, 2025
This Seattle Ai Startup Watches You Work - Then Automates The Tedious Back-Office Tasks

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .Caddi co-founders Aditya Sastry, left, and Alejandro Castellano. (Caddi Photo)A Seattle startup hatched out of AI2 Incubator is emerging from stealth today, announcing a $5 million seed round to fuel its goal of automating basic business operations with generative AI.Caddi is developing “automation by demonstration” technology, allowing users to create screen recordings with audio that serve as AI training videos for tasks such as customer onboarding, email management, document organization, data entry and invoicing. The system then converts these recordings into automated workflows, effectively creating a virtual employee.Caddi’s initial focus is on the legal and financial sectors.The startup’s name is inspired by the role of a golf caddie, who handles the tedious, behind-the-scenes tasks so players can focus on the game itself.“You are the expert in your topic,” co-founder and CEO Alejandro Castellano told GeekWire. “Let us help you run all the admin, back-office work.”Castellano launched Caddi in August with co-founder and Chief Technology Officer Aditya Sastry.Both are serial entrepreneurs. Castellano, originally from Peru, spent five years managing a portfolio of companies and investments at a financial firm before earning a master’s degree in engineering from Cornell University

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