CL

Comet Labs

North America, California, United States, San Francisco

Description

Comet Labs is a San Francisco-based venture capital firm and incubator singularly focused on investing in and supporting early-stage artificial intelligence and robotics startups. Established in 2015, the firm has carved out a niche as a specialist investor dedicated to the development of intelligent machines and advanced automation. Their mission extends beyond mere capital provision, aiming to foster a vibrant ecosystem for groundbreaking technologies within the AI and robotics sectors.

As an active early-stage investor, Comet Labs primarily targets seed and Series A rounds. Since its inception, the firm has made a significant impact, with Crunchbase data indicating over 70 investments in companies pushing the boundaries of machine learning, computer vision, and autonomous systems. Their investment thesis centers on identifying foundational technologies and applications that promise to redefine industries, from industrial automation to consumer-facing AI products.

Beyond financial backing, Comet Labs distinguishes itself through its incubator model, providing strategic guidance, operational support, and extensive industry connections to its portfolio companies. This hands-on approach is designed to accelerate the development and market penetration of complex AI and robotics solutions. For instance, reports from 2017 indicated that Comet Labs typically provided first checks ranging from $250,000 to $1 million, demonstrating their commitment to substantial early-stage capital and active partnership in the growth of their ventures.

Investor Profile

Comet Labs has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 4 rounds, about 10% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, China, Taiwan.
  • Strong thematic focus on Artificial Intelligence (AI), Robotics, Machine Learning.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (63%)
  • Series A (13%)
  • Series Unknown (8%)
  • Series B (8%)
  • Convertible Note (5%)
  • Angel (3%)
  • Pre Seed (3%)

Country Focus

  • United States (90%)
  • China (8%)
  • Taiwan (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Robotics
  • Machine Learning
  • Software
  • Hardware
  • Enterprise Software
  • Predictive Analytics
  • Industrial Automation
  • Retail Technology
  • Drones
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Comet Labs frequently co-invest with?

Rough Draft Ventures
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 3
Sinovation Ventures
Asia, Beijing, China, Beijing
Co-Investments: 3
UpHonest Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Abstract Ventures
North America, California, United States, San Francisco
Co-Investments: 2
CSC Upshot
North America, California, United States, Palo Alto
Co-Investments: 4
Lux Capital
North America, New York, United States, New York
Co-Investments: 4
Legend Star
Asia, Beijing, China, Beijing
Co-Investments: 8
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 3
Tuesday Capital
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Comet Labs often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 1
TA
Europe, Harjumaa, Estonia, Tallinn
Shared Deals: 1
EK
North America, California, United States, San Francisco
Shared Deals: 1
AP
North America, California, United States, San Francisco
Shared Deals: 1
JC
North America, New York, United States, New York
Shared Deals: 1
SB
North America, California, United States, San Francisco
Shared Deals: 1
DT
North America, Colorado, United States, Denver
Shared Deals: 1
MA
North America, California, United States
Shared Deals: 1
RN
North America, California, United States
Shared Deals: 1
Fadi Ghandour
Asia, United Arab Emirates
Shared Deals: 1

What are some of recent deals done by Comet Labs?

Preteckt

Memphis, Tennessee, United States

Preteckt provides prognostics as a service to connected and autonomous vehicles and fleet.

Artificial Intelligence (AI)AutomotiveEnterprise SoftwareHardwareMachine LearningPredictive AnalyticsSoftwareTransportation
SeedMar 27, 2019
Amount Raised: $2,000,000
Preteckt

Memphis, Tennessee, United States

Preteckt provides prognostics as a service to connected and autonomous vehicles and fleet.

Artificial Intelligence (AI)AutomotiveEnterprise SoftwareHardwareMachine LearningPredictive AnalyticsSoftwareTransportation
SeedDec 19, 2018
Amount Raised: $2,686,596
Esperanto Technologies

Mountain View, California, United States

Esperanto Technologies develops massively parallel, energy-efficient chips for Generative AI based on the open standard RISC-V ISA

Artificial Intelligence (AI)ComputerEnergy EfficiencyMachine LearningSemiconductor
Series BNov 1, 2018
Amount Raised: $58,000,000
Arch Systems

Palo Alto, California, United States

Arch Systems provides an industry-4.0 machine data and AI platform for electronics and discrete manufacturers.

Artificial Intelligence (AI)Industrial AutomationInternet of ThingsMachine LearningPredictive Analytics
SeedSep 21, 2018
Amount Raised: $6,000,000
Automation Hero

San Francisco, California, United States

We help organizations process any type of document faster than ever with the most complete intelligent document processing platform.

Artificial Intelligence (AI)Enterprise SoftwareInformation TechnologyMachine LearningSaaS
SeedApr 24, 2018
Amount Raised: $4,500,000
Tailos

Austin, Texas, United States

A robotics company on a mission to bridge the gap between humans and robots - starting with Rosie - the first housekeeping robot for hotels.

CommercialHospitalityHousekeeping ServiceIndustrial AutomationRobotics
Series UnknownJan 8, 2018
Lightform

San Francisco, California, United States

Lightform designs hardware tools for projection.

ElectronicsHardwareManufacturing
SeedNov 21, 2017
Amount Raised: $5,000,000
Magnetic Insight

Alameda, California, United States

MPI enables best in class cellular imaging to measure the efficacy of cancer immunotherapies.

BiotechnologyHealth CareLife ScienceMedical Device
Convertible NoteJul 1, 2017
Amount Raised: $2,500,000
Creator

San Francisco, California, United States

Creator is a collective of food lovers and engineers with decades of robotics and restaurant experience.

Food and BeverageIndustrial DesignIndustrial EngineeringMechanical EngineeringRestaurantsRobotics
Series UnknownJun 9, 2017
Amount Raised: $18,386,815
InsightRX

San Francisco, California, United States

An analytics platform for precision medicine

AnalyticsHealth CareMachine LearningmHealthPrecision MedicinePredictive Analytics
SeedMay 8, 2017
Amount Raised: $2,825,000