Portfolio companies that fit that thesis include LatAm neobank Nubank; fleet safety management startup Motive; WeTravel, which is a tool for travel agents; Happy Robot, which develops agents for enterprises; and coffee chain Blank Street. It is also exploring vision models and world models ' the equivalent of LLMs for visual understanding. If AI could truly understand every pixel and atom in a construction site, that will unlock robotics, Ajao said. The firm invests at seed through Series B. From the early-stage fund, Base10 plans each year to make 10 to 15 seed investments, and two to three at Series A. The Series B fund, roughly equal in size, will make three to four investments each year. 'We might ask what IT support firms look like when you have AI, or what the software stack of the modern restaurant is,' said Ajao. The firm tries to meet every company globally operating in that space. It spends roughly 50% of its time with companies that are not fundraising, with 90% of...
learn more
