Meet the AV 100
Our Standout Portfolio Companies for 2026 (51-100)
This curated selection of 100 ventures from AV’s portfolio of over 1,600+ current and historical investments represents the names our 10 venture teams are most excited to spotlight. These companies were selected for their variety, innovative impact, performance, and upside potential.
As a top 20 VC firm, AV routinely co-invests alongside brand-name lead investors as we strive to be the industry’s “co-investor of choice.” Please explore the AV 100 list of remarkable ventures across sectors ranging from next-gen energy power and quantum computing to AI-driven drug discovery, space logistics, brain-computer interfaces, blockchain infrastructure, defense tech, and beyond.
Download to Read the Full 2026 AV 100
100 Portfolio Companies We Are Proud to Spotlight
You could be an investor in high-potential startups like these.
By joining the AV Syndicate, you can see our deal flow for free and get started in under three minutes. You’ll receive curated deal emails with memos and terms, review opportunities alongside top VC firms, and choose only the deals that interest you. Invest deal by deal to build your own portfolio, and receive ongoing updates from the companies you choose to back. Joining the Syndicate is free and entirely optional.
NOTE: This is not an offer to sell, or a solicitation of an offer to purchase, any security. Example companies are provided for illustrative purposes only, are not necessarily indicative of any AV fund or investor, and are not available to future syndicate members, except potentially in the case of follow-on investments.
The AV 2026 APEX 100
Aalo Atomics
Modular Nuclear Reactors for Data Centers
- Builds fully manufacturable, rapidly deployable, small modular reactors designed to power data centers and grid-edge sites, anchored by its flagship Aalo Pod nuclear power units.
- Raised a $100 million Series B, doubled headcount, completed a full-scale prototype, and secured a DOE-backed path to criticality by 2026—aiming to launch one of the first new U.S. nuclear plants in decades.
Co-Investors: 50Y, Valor Equity
Kraken
Cryptocurrency Exchange and Trading Platform
- One of the world’s leading cryptocurrency exchanges, serving over 10 million clients across 190+ countries with secure trading, custody, and a broad suite of digital asset services.
- Preparing for a 2026 IPO; an early pioneer featured on Bloomberg Terminal and now a top global platform driving institutional and retail adoption of digital assets.
Co-Investors: Borderless Capital, Skybridge Capital, Andra Capital
Axiom Space
Commercial Space Infrastructure
- Building the first commercial successor to the ISS, starting as an attached module and expanding into an independent station supporting research, manufacturing, national missions, and tourism.
- Secured billions in contracts and advancing ahead of schedule — now targeting full operations in 2028; enabling global space access for agencies, emerging nations, and corporate partners.
Co-Investors: Prime Movers Lab, Declaration Partners, C5 Capital
Ascend Elements
Sustainable Lithium-Ion Battery Materials
- Produces sustainable, high-performance lithium-ion battery materials through advanced recycling and engineered manufacturing, supporting the growing North American EV supply chain.
- Emerging as a leading North American supplier with strong commercial momentum and solid performance since our investment amid surging demand for domestic battery materials.
Co-Investors: Mirae, Temasek
Pendulum Therapeutics
Microbiome Health & Probiotic Therapeutics
- Builds science-backed microbiome therapies and next-gen probiotics — including a live strain of Akkermansia muciniphila — targeted at gut health and metabolic wellness, including blood-sugar regulation.
- Strong backing from top-tier investors and a lead in evidence-based microbiome science; their Glucose Control probiotic is clinically shown to lower blood sugar spikes and support metabolic health.
Co-Investors: Felicis, Khosla, DCVC, Sequoia
Havoc AI
Autonomous Maritime Systems & Fleet Autonomy
- Provides a “Collaborative Autonomy Stack” to orchestrate fleets of autonomous surface vessels: a single human operator can command and control thousands of boats operating as a coordinated network across contested maritime environments.
- Delivered dozens of autonomous vessels in 18 months; raised a fresh $85 million to scale and recently partnered with Lockheed Martin to integrate advanced sensors and weapons — making HavocAI one of the most advanced autonomy companies in defense today.
Co-Investors: B Capital, In-Q-Tel
BeatBox Beverages
Ready-to-Drink (RTD) Alcohol Brand
- BeatBox creates bold, flavored, ready-to-drink alcoholic beverages and has become the #1 RTD single in U.S. convenience stores, now sold in over 95,000 retail locations.
- The company is driving 22% of all RTD category growth and has grown revenue 22x since 2020, surpassing $100 million in 2023, demonstrating exceptional traction and breakout consumer adoption.
Co-Investors: Concentric Equity Partners, Mark Cuban
Hawkeye 360
RF-Sensing Satellite Intelligence
- HawkEye 360 operates a proprietary satellite network that geolocates radio-frequency (RF) signals from ships, aircraft, and ground-based
systems, providing actionable insights for defense, national security, and environmental monitoring. - Its RF intelligence is now mission-critical for U.S. and allied governments, reinforcing HawkEye 360’s position as a global leader in space-based situational awareness.
Co-Investors: Insight Partners
Venus Aerospace
Hypersonic Propulsion & Flight Systems
- Venus is pioneering hypersonic aviation using its rotating detonation rocket engine (RDRE) technology, delivering reusable, ultra-efficient propulsion for defense and commercial high-speed flight.
- The company achieved the first U.S. flight test of an RDRE-powered aircraft, a major industry milestone. With backing from Lockheed Martin Ventures and Airbus Ventures, Venus is positioned to redefine global travel and nextgeneration aerospace mobility.
Co-Investors: Lockheed Martin Ventures
Point One Navigation
RF Intelligence Satellite Constellation
- High-precision positioning platform delivering centimeter-level accuracy for mobility, robotics, and autonomous systems, enabling reliable navigation in real-world environments.
- Scaling rapidly with ARR growing 3x in 2025; trusted by industry leaders as precision navigation becomes foundational to autonomy.
Co-Investors: Khosla Ventures, IA Ventures
ConductorOne
AI-Native Identity Security Platform
- Provides an AI-native identity security platform that manages human, machine, and AI identities with unified access governance, just-in-time provisioning, and automated access reviews.
- Tracking toward 3x growth in 2025 amid massive tailwinds in identity security; well-positioned as consolidation accelerates following major M&A like Palo Alto Networks’ acquisition of CyberArk.
Co-Investors: Greycroft, Accel, Felicis
Cytovale
Rapid Sepsis Diagnostics
- FDA-cleared diagnostics company that identifies sepsis risk in emergency departments in under eight minutes, enabling earlier intervention for the leading cause of hospital deaths.
- Scaling rapidly across major health systems, addressing a massive unmet clinical need with a breakthrough, time-critical diagnostic for early sepsis detection.
Co-Investors: Norwest Venture Partners, Sands Capital
Wealth
Digital Estate Planning Platform
- Digital estate-planning platform that equips advisors with AI-powered tools to create, manage, and automate wills, trusts, and legacy documents with seamless compliance.
- Demonstrating strong execution and adoption as estate planning becomes a foundational component of wealth management platforms
Co-Investors: GV
Observe
Cloud Data Observability and Log Analytics
- AI-powered observability platform that unifies logs, metrics, and traces into a single data graph, helping teams monitor, analyze, and troubleshoot complex systems.
- Showing consistent growth and adoption as organizations increasingly standardize on unified observability to monitor and troubleshoot modern infrastructure.
Co-Investors: Sutter Hill Ventures, Capital One Ventures
Eclypsium
Firmware and AI Data Center Security
- Provides industry-leading firmware and hardware-level security, identifying critical exploits across the device stack and protecting enterprises from overlooked, low-level vulnerabilities.
- Trusted by leading global enterprises and now securing AI data centers with a first-of-its-kind product, driving strong market momentum in firmware security.
Co-Investors: Madrona, a16z
Together AI
Cloud Platform for AI Training and Inference
- Provides a high-performance cloud platform for AI training and inference, delivering fast, efficient, and scalable compute for companies building large AI models.
- Scaled rapidly with strong customer adoption, delivering meaningfully faster performance and lower inference costs than traditional cloud AI platforms.
Co-Investors: Lux Capital, Kleiner Perkins, Emergence Capital, NVIDIA
Torch Technology
Dental Supply Procurement Platform
- Provides a procurement platform that centralizes ordering, inventory management, pricing, and workflows for dental practices, reducing costs and simplifying supply operations.
- Growing 2x YoY and nearing $60 million in GMV, Torch shows strong market fit and scalability as it modernizes dental supply chains with a streamlined, data-driven, B2B platform.
Co-Investors: Bessemer Ventures
Wispr AI
Voice-First Productivity Platform
- Develops “Flow,” an AI-powered voice dictation platform that replaces typing across devices — turning speech into polished, formatted text in any app, in real time, with support for multiple languages and platforms.
- Rapid technical progress and strong early product–market fit; backed by top-tier investors, with deep conviction from leaders like Dr. Greg Papadopoulos (former CTO of Sun Microsystems) and Matt Kraning (ex– Co-Founder of Cortex).
Co-Investors: Matt Kraning, NEA, 8VC, Neo
Daft AI
Distributed Dataframe Engine for AI Workloads
- Provides a distributed data-processing library that handles multimodal data at scale, delivering faster, more efficient pipelines for AI and machine learning teams.
- Adopted by major AI leaders (e.g., Anthropic, Amazon, Together AI) and delivering 5x–10x performance gains; Daft is quickly becoming core infrastructure for large-scale data processing and multimodal AI workloads.
Co-Investors: Felicis, M12, CRV
Neo Financial
Digital Banking & Rewards Platform
- Canadian digital bank offering credit cards with cashback, high-interest savings, and no-fee everyday banking, serving over 1.3 million customers and reaching a $100 million revenue run rate within five years.
- Neo is transforming Canada’s fintech landscape with industry-leading efficiency. Ranked #1 on Deloitte’s Technology Fast 50 for three consecutive years with 38,431% three-year revenue growth.
Co-Investors: Tencent, Valar Ventures, Altos Ventures, Afore
Nitricity
Clean Nitrogen Fertilizer Production
- Nitricity produces certified-organic nitrogen fertilizer using only electricity, air, water, and organic biomass — eliminating the fossil-fuel-based HaberBosch process through modular, climate-friendly reactors.
- Achieved price parity with conventional fertilizers while delivering 30% yield increases in commercial trials. Its first plant’s capacity is fully sold out through 2028 via multi-year offtake agreements, with commercial facilities scaling across the U.S. and Europe
Co-Investors: Khosla Ventures, World Fund, Energy Impact Partners
Radix Health
AI-Powered, Payer–Provider Contract Intelligence
- Radix Health aggregates and standardizes pricing data unlocked by the Transparency in Coverage rule, using AI to deliver contract benchmarking,
negotiation recommendations, and automated IDR workflows for healthcare providers and investors. - Radix is becoming a foundational data and analytics layer for resolving payment disputes and optimizing reimbursement.
Co-Investors: Afore Capital
Swarm Aero
Autonomous Drone Swarm Systems
- Develops autonomous drone-swarm systems that allow small teams to deploy and coordinate large formations of uncrewed aerial vehicles in contested, communications-degraded environments using edge-AI capabilities.
- Backed by deep military and defense-industry expertise, the company is scaling high-volume manufacturing and engaging early government defense programs, forecasting rapid growth with a line of sight to substantial revenue scale over the next couple of years.
Co-Investors: Silent Ventures, Coatue Management, Construct Capital
Cambrian
Longevity Drug Development Platform
- Operates a distributed drug-discovery model targeting age-related diseases, advancing a diversified, 14-asset portfolio to reduce clinical risk and accelerate breakthroughs in longevity therapeutics.
- Backed by top biotech investors and leaders, Cambrian is addressing a $400 billion market with strong momentum. Its lead candidate shows promising metabolic and body-composition benefits and is advancing toward Phase IIb trials following prior success such as Sensei Bio’s $600 million IPO.
Co-Investors: Anthos Capital, Apeiron Investment Group, Future Ventures, Moore Capital
Unlearn AI
AI-Powered Digital Twins for Clinical Trials
- Uses AI-driven digital twin technology to improve clinical trial efficiency, enabling more precise study designs, faster timelines, and reduced patient enrollment requirements across multiple therapeutic areas.
- Validated through FDA and EMA guidance and adopted by leading biopharma partners, Unlearn is scaling rapidly following its $50 million Series C, expanding partnerships and real-world applications as it becomes the category-defining platform for AI-enabled clinical development.
Co-Investors: 8VC, DCVC, Mubadala Capital
Ayar labs
Optical I/O Chips for Data Centers
- Develops optical I/O chiplets that replace traditional electrical interconnects with light-based communication, enabling ultra-low-latency, low-power, chip-to-chip data transfer for AI systems, HPC, and data centers.
- Ayar Labs achieved breakthrough chip-to-chip optical communication, unlocking massive performance and efficiency gains for next-gen compute.
Its technology is poised to redefine data center architectures as workloads scale with AI.
Co-Investors: Advent Capital, Light Street Capital
Qedma
Quantum Error-Mitigation Software
- Develops quantum computing software that suppresses and mitigates errors through its QESEM platform, enabling larger and more accurate quantum computations with minimal hardware overhead.
- Integrated into IBM’s Qiskit ecosystem and backed by top strategic investors, Qedma has become a foundational player in the quantum stack, accelerating progress toward commercial quantum advantage with a deep technical moat and growing enterprise adoption.
Co-Investors: IBM Ventures, Korean Investment Partners, Gilot Capital Partners
Unstructured
Data Ingestion for LLMs and RAG
- Provides the ingestion and ETL layer for unstructured enterprise data, converting 60+ file types into clean, structured, model-ready inputs for LLMs and retrieval-augmented generation systems.
- Rapidly emerging as the “LLM data ingress” standard, Unstructured is backed by $65 million+ from top investors and increasingly embedded in leading AI and data platforms.
Co-Investors: Bain Capital, Madrona, Menlo Ventures
Quince
Direct-to-Consumer Lifestyle Brand
- Delivers high-quality apparel, home goods, and lifestyle products through a direct-to-consumer model that offers premium materials and design at significantly lower prices than traditional retail.
- A fast-rising consumer powerhouse, Quince is outgrowing traditional apparel players by scaling its direct-from-factory “luxe-for-less” model across categories.
Co-Investors: Wellington, 8VC, ICONIQ, Insight
Hallow
Catholic Prayer and Meditation App
- Hallow offers a category-defining Catholic prayer and meditation app with faith-based audio content across prayer, reflection, mental wellness, and
spiritual formation — serving millions of users. - Hallow has built a dominant position in the faith-based wellness market with strong willingness to pay and a robust subscription model at the intersection of mental health, wellness, and spirituality.
Co-Investors: Goodwater, Drive, General Catalyst
SURGE Therapeutics
Localized Cancer Immunotherapy Delivery
- Develops a biodegradable intratumoral gel that delivers immunotherapies directly into the surgical cavity after tumor removal, aiming to turn resection into an in-situ vaccine against cancer.
- Backed by top biotech investors and progressing through clinical development, SURGE is showing early promise in reducing post-surgical recurrence with a novel, localized immunotherapy approach.
Co-Investors: 8VC, Khsola, DHVC
Osmo
AI Modeling for Digital Smell
- Uses machine learning and chemistry to map molecular structure to odor, enabling “digital smell” for applications across fragrances, flavors, and other sensory-driven industries.
- Spun out of Google research and backed by prominent investors, Osmo’s AI models already outperform human scent panels in key prediction tasks, opening a massive, under-digitized sensory market.
Co-Investors: Two Sigma, GV, Lux Capital
Astro Mechanica Corp.
Hybrid-Electric Propulsion for Supersonic Flight
- Develops the Duality™ hybrid-electric engine, which dynamically adapts between turbofan, turbojet, and ramjet modes to deliver efficient propulsion from subsonic speeds through Mach 3+.
- Addressing the core economic blocker for supersonic flight — fuel efficiency — Astro Mechanica has secured backing from top investors and United Airlines Ventures, with early deployment focused on defense before broader commercial rollout.
Co-Investors: Andreessen Horowitz, Lowercarbon, Mac
Trunk Tools
AI-Powered Construction Productivity Platform
- Provides AI agents that automate construction workflows including document analysis, risk flagging, and instant answers from project files — reducing errors, saving labor, and improving field compliance.
- Raised a $40 million Series B, grew revenue 5x in 2025, and deployed across hundreds of jobsites nationwide with top ENR firms like Gilbane. Strong expansion momentum and rapid industry adoption position Trunk Tools as a category-defining AI platform for construction.
Co-Investors: Insight, Redpoint
State Affairs
Nonpartisan Statehouse News & Legislative Intelligence
- Builds a subscription platform for nonpartisan statehouse journalism, operating multiple newsrooms with real-time bill tracking and policy analysis via State Affairs Pro.
- Fills a major gap as local newsrooms shrink; growing through acquisitions like Howey Politics Indiana and emerging as a key source for state-level policy intelligence.
Co-Investors: Khosla, Founders Fund
Boundless Immigration
Immigration Workflow & Visa Services Platform
- Provides a tech-first platform that helps families and employers navigate U.S. immigration with software plus attorney support, completing 100,000+ visa cases.
- Raised over $45 million with strong approval rates (~99.7%); its scale, outcomes, and efficiency make Boundless a category leader in high-stakes, regulated immigration workflows.
Co-Investors: Flybridge, Two Sigma
Sahara AI
Decentralized BlockchainNative AI Infrastructure
- Builds decentralized, blockchain-native AI infrastructure that lets data providers, model creators, and enterprises build, share, and monetize AI
assets with transparent ownership. - Scaling rapidly with strong investor backing; company value up 7x since our investment as decentralized AI ecosystems gain momentum across web3 and enterprise markets.
Co-Investors: Pantera Capital, Binance Labs, Polychain Capital, Samsung NEXT
Patlytics
AI-Powered Patent Drafting & IP Workflow Automation
- Provides an AI-driven platform that automates patent drafting, infringement detection, and portfolio management, helping IP teams work faster and more accurately.
- Achieving rapid growth with 3x revenue YTD and targeting 5x by end of 2025, Patlytics is becoming a core productivity tool for patent teams seeking speed and precision.
Co-Investors: Next47, Gradient, 8VC, Liquid2
Consensus
AI Search Engine for Research and Evidence Synthesis
- Provides an AI search engine that finds and synthesizes insights from peer reviewed research, helping users access trusted, evidence-based answers quickly.
- Strong market traction and growing demand as misinformation rises; Consensus fills a critical need for reliable, research-backed information in an AI-first world.
Co-Investors: Union Square Ventures, Draper Associates, Nat Friedman
Varda Space
In-Orbit Manufacturing of Pharmaceuticals & Materials
- Uses microgravity to manufacture pharmaceuticals and hypersonic materials in orbit, enabling production processes not possible on Earth through its return-capable spacecraft.
- Backed by major DoD contracts and successful orbital tests, Varda is pioneering commercial space manufacturing and scaling a category-defining new industrial capability
Co-Investors: Caffeinated Capital, Khosla Ventures, Founders Fund, Natural Capital
Canela Media
Streaming & Media Network for U.S. Latino Audiences
- Operates a free, bilingual streaming platform serving U.S. Latino audiences with entertainment, news, sports, and kids’ content across major distribution channels.
- Exploded to 55 million monthly users with 4,000% growth in three years, becoming a category leader by meeting the needs of a fast-growing, underserved U.S. Latino market.
Co-Investors: Acrew Capital, BBG Ventures, Samsung NEXT Ventures
Leo Cancer Care (Centaur Health Holdings)
Upright Radiotherapy & Cancer Care Technology
- Through its Leo Cancer Care division, Centaur Health Holdings develops upright radiotherapy systems that improve treatment accuracy and comfort by positioning patients in a natural, vertical posture.
- Led by imaging pioneer Rock Mackie, the company has secured major orders from top cancer centers, including Stanford, signaling strong adoption of its next-gen radiotherapy platform.
Co-Investors: Deerfield Partners, Haylo Ventures, Oppenheimer Partners
SHINE Technologies
Fusion-Enabled Medical Isotope Production
- Uses fusion-based technology to produce medical isotopes, including 100,000+ annual doses of lutetium-177, supporting cancer treatment and advanced medical imaging.
- With proven production, international validation, and a roadmap extending from medical isotopes to waste transmutation and fusion energy, SHINE is building durable nuclear infrastructure.
Co-Investors: Fidelity Growth Fund, Oaktree Capital, Deerfield Capital Management
Lila Sciences
AI-Driven Scientific Superintelligence Platform
- Builds AI-driven “Science Factories” that autonomously generate hypotheses, run experiments, and interpret results across biology, chemistry, and materials science.
- Incubated by the team behind Moderna, Lila is pioneering a new category in automated R&D with strong investor backing and early traction across scientific domains.
Co-Investors: General Catalyst, Flagship Pioneering, Collective Global, March Capital
N3xt
Blockchain-Based, Real-Time Payments & Digital Banking Infrastructure
- Provides a blockchain-based payments platform enabling instant, programmable, and secure transactions for the modern financial system, built by the creators of Signet.
- Secured a Wyoming banking charter and a $25 million Series C, positioning N3xt as the first chartered digital asset bank delivering real-time financial infrastructure at scale.
Co-Investors: Pharsalus Capital, Reciprocal Ventures, Liontree Ventures, Winklevoss Capital
CesiumAstro
Software-Defined Antennas & Space Communications Systems
- Develops software-defined antennas and satellite systems that deliver real-time, multi-mission connectivity for defense and commercial aerospace customers.
- Winning major U.S. government and Taiwan Space Agency contracts, plus a U.S. Air Force STRATFI award; its $200 million Series C backs expansion into full satellite platforms.
Co-Investors: Trousdale Ventures, Development Bank of Japan, Mesh Ventures, Quanta Computer
Radiant Nuclear
Advanced Microreactor Nuclear Power
- Developing portable advanced microreactors that deliver reliable, emissions-free power for remote sites, defense needs, and critical infrastructure requiring rapid deployment.
- Announced a $280 million factory to mass produce up to 50 microreactors annually by 2028; Kaleidos prototype progressing toward market deployment with strong commercial momentum.
Co-Investors: a16z, Founders Fund, Felicis, USV
Cyvl
AI Infrastructure Mapping for Cities & Transportation Agencies
- Uses AI-powered mapping to help cities and transportation agencies assess and maintain infrastructure faster, cheaper, and far more accurately than traditional methods.
- Seeing strong early adoption as federal infrastructure funding accelerates; Cyvl is becoming a critical intelligence layer for modernizing public works operations.
Co-Investors: Sentinel Global, Companyon Ventures, Argon Ventures, Aero X Ventures
Emtech
Digital-Cash & Regulatory Infrastructure for Central Banks
- Provides a SaaS platform for central banks and fintechs to build and manage digital-cash ecosystems, with tools for sandboxing, licensing, compliance, and CBDC-ready operations.
- Backed by major strategic investors and used by multiple sovereign institutions, EMTECH is emerging as a key infrastructure layer in the modernization of global financial systems.
Co-Investors: Accenture Ventures, Matrix Partners India, Canaan Partners, 500 Global
Circle
Stablecoin and Digital Payments Platform
- Powers USDC, a fully reserved digital dollar, and provides payment, treasury, and settlement infrastructure that bridges traditional finance with blockchain-based commerce.
- A global fintech leader driving mainstream stablecoin adoption; Circle’s infrastructure underpins billions in digital transactions across enterprises, fintechs, and global markets.
Co-Investors: Accel, Sequoia, BlackRock
You could be an investor in high-potential startups like these.
By joining the AV Syndicate, you can see our deal flow for free and get started in under three minutes. You’ll receive curated deal emails with memos and terms, review opportunities alongside top VC firms, and choose only the deals that interest you. Invest deal by deal to build your own portfolio, and receive ongoing updates from the companies you choose to back. Joining the Syndicate is free and entirely optional.
NOTE: This is not an offer to sell, or a solicitation of an offer to purchase, any security. Example companies are provided for illustrative purposes only, are not necessarily indicative of any AV fund or investor, and are not available to future syndicate members, except potentially in the case of follow-on investments.
No representation is intended that any investment outcome presented is representative of the experiences of any AV Fund or investor. The investments shown are not available to future investors, except potentially in the case of follow-on investments. Co-investors are shown for illustrative purposes only, do not represent all organizations with which AV co-invests, and are not necessarily indicative of future co-investors. The identity of a co-investor is not a guarantee of investment quality or performance.
This communication is from Alumni Ventures, a for-profit venture capital company that is not affiliated with or endorsed by any school. It is not personalized advice, and AV only provides advice to its client funds. This communication is neither an offer to sell, nor a solicitation of an offer to purchase, any security. Such offers are made only pursuant to the formal offering documents for the fund(s) concerned, and describe significant risks and other material information that should be carefully considered before investing. For additional information, please see here. Example portfolio companies are provided for illustrative purposes only and are not necessarily indicative of any AV fund or the outcomes experienced by any investor. Example portfolio companies shown are not available to future investors, except potentially in the case of follow-on investments. Venture capital investing involves substantial risk, including risk of loss of all capital invested. This communication includes forward-looking statements, generally consisting of any statement pertaining to any issue other than historical fact, including without limitation predictions, financial projections, the anticipated results of the execution of any plan or strategy, the expectation or belief of the speaker, or other events or circumstances to exist in the future. Forward-looking statements are not representations of actual fact, depend on certain assumptions that may not be realized, and are not guaranteed to occur. Any forward-looking statements included in this communication speak only as of the date of the communication. AV and its affiliates disclaim any obligation to update, amend, or alter such forward-looking statements, whether due to subsequent events, new information, or otherwise.