Facts
- HQ
- Seattle, Washington, US
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2016
- Employees
- 16
- Last fund
- Flying Fish Fund III, LP · $49.3M · 2024 SEC Form D
- Funds raised
- 3 funds SEC Form D filings
- Total capital
- $129.7M SEC Form D filings
Fortune: Ineffable Intelligence names six nonfounders as cofounders, including four ex-DeepMind hires and an InstaDeep executive
Ineffable Intelligence granted the title of cofounder to six people—four from Google DeepMind, one from InstaDeep, and one from a Seattle venture firm—despite none having founded the ten-month-old London startup, which has no product and a $5... valuation reported by Fortune.
Ineffable Intelligence Hires Six Cofounders from Google DeepMind, InstaDeep and Flying Fish
Ineffable Intelligence hired six cofounders from Google DeepMind, InstaDeep, and Flying Fish; the move and related funding could accelerate AI innovation and influence industry and ethical AI discussions.
Ineffable Intelligence names six new ‘cofounders’ — ex-DeepMind, InstaDeep and Flying Fish veterans join $5B startup
Ineffable Intelligence, a London AI startup founded by ex-DeepMind researcher David Silver, has hired six senior hires as ‘cofounders’ from Google DeepMind, InstaDeep and venture firm Flying Fish; the company was valued at $5 billion after a $1.1 billion seed round in April. The new cofounders include Chris Apps, Wojciech Czarnecki, Lasse Espeholt, Junyhuk Oh, Alexandre Laterre and Heather Gorham, several of whom worked on DeepMind projects like AlphaStar and MetNet.
Builders FirstSource leads $25.3M round in Vancouver startup Digs, signs five-year AI development and commercial deal
Vancouver software startup Digs raised $25.3 million led solely by Builders FirstSource, which also signed a five-year commercial partnership to co-develop AI capabilities for homebuilders. Digs, founded in 2022, has now raised nearly $50 million, plans to grow from 37 to about 60 employees, and makes a platform that centralizes construction documents for builders and homeowners.
Digs raises $25.3M Series A led by Builders FirstSource and inks five-year integration deal for 140,000 builders
Digs, a Vancouver, Wash. startup building AI software for residential construction, raised $25.3 million in a Series A led by Builders FirstSource and signed a five-year agreement to integrate its AI platform into Builders FirstSource’s digital ecosystem for 140,000 builder clients.
Accipiter Bio raises $10.5M more to speed AI-designed multi-target protein drugs, expanding clinical pipeline
Seattle biotech Accipiter Bio raised an additional $10.5 million from existing investors to accelerate development of AI-designed multi-target protein therapeutics and expand its team and clinical pipeline. The company, now 22 people strong and partnered with Pfizer and Kite/Gilead, will use the funds to advance three to four programs—focusing mainly on immunology alongside oncology—after emerging from stealth last year with $12.7 million.
Nikesh Parekh: VC Has Split — AI Winners Capture Record Capital While Most Founders Struggle; Explore Alternatives
Seattle investor Nikesh Parekh argues venture capital has bifurcated: outsized AI-focused winners capture record funding while most founders face tougher fundraising. He recommends founders consider alternatives — angel rounds, venture debt, revenue-based financing, and bootstrapping — to reach profitability.
Neuralwatt, Led by Microsoft Veterans, Launches First Real-Time AI Carbon Emissions Tracker to Reduce Data Center Footprint
Seattle-based startup Neuralwatt, founded by Microsoft veterans Chad Gibson and Scott Chamberlin, launched the first real-time carbon emissions tracker for individual AI requests to help reduce data center environmental impact. The tool provides exact carbon footprint metrics per AI task, aiming to improve energy efficiency and aid companies in meeting sustainability regulations.
Seattle VC Flying Fish Partners Joins $1.1B Seed Round for DeepMind’s David Silver’s Startup Ineffable Intelligence
Seattle-based VC firm Flying Fish Partners secured a spot in the $1.1 billion seed round for DeepMind legend David Silver's startup Ineffable Intelligence through years of relationship-building and strategic early investments. Despite managing less than $250 million, their networking and persistence led to participation alongside major investors like Sequoia Capital and Lightspeed Venture Partners.
Seattle Startup Accelerator Foundations Expands to San Francisco with New 5,000-Sq-Ft Location in Q2 2024
Seattle-based startup accelerator Foundations is opening a new 5,000-square-foot location in San Francisco to support founders who split time between the two tech hubs, responding to shifting market dynamics and growing startup momentum in the Bay Area. The expansion aims to bridge Seattle and San Francisco communities without abandoning Seattle, enabling members to access both spaces starting in Q2 2024.
Amazon Leo VP Steve Rabuchin Retires; Madrona Partner Jon Turow Joins Anthropic; Meta's Hrvoje Benko Exits Amid Layoffs
Steve Rabuchin retired after over 20 years at Amazon, including leading Project Kuiper, while Jon Turow left Madrona to join Anthropic's technical team. Additionally, Hrvoje Benko departed Meta Reality Labs amid layoffs affecting 331 employees in Washington state.
Simular Raises $21.5M Series A Led by Felicis to Launch AI PC Agents on Mac and Windows
Simular, a startup creating AI agents for Mac OS and Windows that can control PCs by mimicking human actions, has raised $21.5 million in Series A funding led by Felicis. The company recently released its Mac OS agent and is collaborating with Microsoft on a Windows version as part of the Windows 365 for Agents program.
Seattle AI Startup BluePill Raises $6M to Revolutionize Consumer Behavior Testing with 93% Accurate Simulated Audiences
Seattle startup BluePill raised $6 million to use AI for simulating consumer behavior, enabling marketers to test concepts quickly and affordably with 93% accuracy compared to traditional focus groups. Their clients include Magic Spoon, Kettle & Fire, and the Seattle Mariners.
Digs Raises $5M Pre-Series A to Expand 3D Digital Twin Software for Residential Homebuilders
Digs, a Vancouver-based startup founded in 2022, raised $5 million in pre-Series A funding to enhance its software platform that creates digital 3D twins for residential homebuilders, tracking home construction and ownership. Led by CEO Ryan Fink, the company has nearly 10,000 homes on its platform and has raised nearly $20 million total.
Seattle’s Accipiter Bio Raises $12.7M, Partners with Pfizer and Kite Pharma to Advance AI-Designed Multi-Target Protein Therapies
Seattle biotech startup Accipiter Biosciences, founded by researchers from Nobel laureate David Baker's lab, secured $12.7 million and partnerships with Pfizer and Kite Pharma to develop AI-designed multi-target proteins aiming to improve disease treatment efficacy and reduce clinical trial costs.
Seattle's Founders' Co-op Raises $50M Sixth Fund to Back Early-Stage Pacific Northwest Tech Startups
Seattle venture firm Founders' Co-op has raised a $50 million sixth fund, focusing on early-stage Pacific Northwest tech startups with initial investments of $1 million to $1.5 million. Founded in 2008, the firm has backed billion-dollar companies like Remitly, Outreach, and Auth0 and aims to invest in about 30 new companies without targeting specific verticals.
Former Google DeepMind Researchers Raise $5M to Democratize Algorithm-Designing AI with New Startup Hiverge
Former Google DeepMind researchers launched Hiverge with $5 million seed funding to use AI for creating novel algorithms that improve business processes for medium and small companies. Their platform, Hive, automates algorithm generation and optimization, potentially discovering superior solutions beyond human capability.
Nikesh Parekh Advises Microsoft and Amazon Execs on Engaging with Seattle Startups as Advisors, Board Members, and Investors
Nikesh Parekh shares a guide for Microsoft and Amazon employees on engaging with the Seattle startup ecosystem through roles like advisors or board members and by strategic investing, highlighting common practices and compensation details.
Seattle Social Commerce Startup Nectar Social Raises $10.6M to Expand AI Marketing Tools
Seattle-based social commerce startup Nectar Social, founded by sisters Misbah and Farah Uraizee in 2023, announced $10.6 million in funding to advance its AI-driven marketing tools that connect brands with consumers on social media platforms. The company aims to replace traditional digital ads with personalized, conversational engagement focused on Gen Z and Gen Alpha.
Martin Tobias's Incisive Ventures Raises $10.5M for Early-Stage B2B Software Fund Focused on AI
Martin Tobias's Incisive Ventures closed a $10.5 million fund targeting nearly 30 early-stage enterprise software companies, focusing on AI-driven B2B solutions. Tobias emphasizes backing startups with strong customer insight and distribution strategies, aiming to invest primarily in U.S. startups but remaining open globally.
Fortson VC Raises $50M to Fund Early-Stage B2B Software Startups Led by Cole Younger in Seattle
Fortson VC, led by Cole Younger, has raised $50 million to invest in early-stage B2B software startups, primarily in the Pacific Northwest. The fund plans 25 to 30 investments with check sizes between $500,000 and $1 million, focusing on founders with unique internal compasses.
Seattle VC Firm Ascend Raises Third Fund to Back Early-Stage AI Startups After $25M Second Fund in 2023
Seattle venture capital firm Ascend is raising its third fund to invest in early-stage tech startups focused on vertical AI and infrastructure, following a $25 million second fund in 2023. Founder Kirby Winfield launched Ascend in 2019 and the firm primarily supports Seattle-area founders with investments ranging from $250,000 to $750,000.
University of Washington Students Pitch AI and Tech Startups After 10-Week Entrepreneurship Course Led by Greg Gottesman
The University of Washington offers a popular 10-week entrepreneurship class led by venture capitalist Greg Gottesman, culminating in student pitches of tech startups at Pioneer Square Labs. The course attracted strong demand, featured high-profile guest speakers like Amazon CEO Andy Jassy, and highlighted trends such as AI and computer vision.
Seattle VCs Forecast AI Dominance and Crypto Skepticism in 2025 Tech Landscape
Seattle venture capitalists predict AI will dominate tech trends in 2025, emphasizing its integration into consumer interactions and infrastructure. While AI is expected to advance, some also view crypto as the most overhyped technology.
Seattle VC Flying Fish Raises $25M Opportunity Fund for AI Startup Follow-On Investments
Seattle venture capital firm Flying Fish is raising a new $25 million Opportunity Fund to support follow-on investments, complementing its existing funds focused on AI startups. Founded in 2017 and led by Heather Redman, Geoff Harris, and Frank Chang, the firm has expanded its investments geographically and across AI technologies.
Fund History
People
See all 4-
Heather Redman Founder, Co-Founder and Managing Partner
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Frank Chang Managing Director, Flying Fish Partners
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Geoff Harris Partner
