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US Innovative Technology Fund AI portfolio

Rounds where US Innovative Technology Fund led or took part, newest first. Led: 2.

1. Lambda raises $1.5B Series E, Nov 18, 2025. AI infrastructure. Led by TWG Global. Lambda runs a GPU cloud and builds AI data centers for training and serving AI models.
2. Modular raises $250M Series C, Sep 24, 2025. AI infrastructure. Led by US Innovative Technology Fund. Modular builds a software platform and the Mojo language for running AI workloads across different chips without rewriting code.
3. Lambda raises $320M Series C, Feb 15, 2024. AI infrastructure. Led by US Innovative Technology Fund. Lambda runs a GPU cloud and builds AI data centers for training and serving AI models.