Index Ventures AI Investments

Index Ventures’ selected investments include language tools at DeepL, creative workflows at Captions and Ideogram, and model infrastructure at Fireworks AI. Mistral and Scale AI broaden the sample to models and data.

Index Ventures logo
Selected AI Companies
6
Reviewed
2026-11-06

Index Ventures’s AI Investment Approach

AI Companies Across Language, Media and Infrastructure

The portfolio spans companies selling a finished interface and companies providing inputs for downstream AI systems. That distinction is useful when comparing where each product captures value.

Index Ventures’s Selected AI Portfolio

Selected disclosed relationships, reviewed November 6, 2026. Each source supports the investment relationship; this is not a complete portfolio or a statement of current holdings.

  • Mistral AI logo
    Mistral AIFoundation Models

    Open-weight AI models and infrastructure.

    Participant · Seed · Jun 13, 2023

  • Fireworks AI logo
    Fireworks AIAI Infrastructure

    Cloud infrastructure for serving AI models.

    Lead investor · Series D · Jul 16, 2026

  • Scale AI logo
    Scale AIBusiness Data

    AI training data and model evaluation.

    Lead investor · Series B · Aug 7, 2018

  • Captions logo
    CaptionsCreative Software

    Mirage AI video editing and dubbing.

    Lead investor · Series C · Jul 9, 2024

  • Ideogram logo
    IdeogramCreative Software

    Image generation with legible rendered text.

    Lead investor · Seed · Aug 22, 2023

  • DeepL logo
    DeepLLanguage and Speech

    Machine translation and writing assistance.

    Lead investor · Series D · May 22, 2024

FAQ

Which AI companies has Index Ventures backed?

Index Ventures’ selected investments include language tools at DeepL, creative workflows at Captions and Ideogram, and model infrastructure at Fireworks AI. Mistral and Scale AI broaden the sample to models and data.

How do the selected Index Ventures investments differ?

The portfolio spans companies selling a finished interface and companies providing inputs for downstream AI systems. That distinction is useful when comparing where each product captures value.

What was Index Ventures’s role in Mistral AI’s Seed?

The selected financing record lists Index Ventures as a participant in Mistral AI’s Seed. The company entry links to the source for that round.

What was Index Ventures’s role in Fireworks AI’s Series D?

The selected financing record lists Index Ventures as a lead investor in Fireworks AI’s Series D. The company entry links to the source for that round.