Floating Point

Floating Point is an early-stage venture capital firm based in New York City, specializing in investments that shape the future of computing. The firm primarily targets companies operating at the forefront of technological innovation, with a strategic focus on sectors such as AI/ML infrastructure, developer tools, cloud infrastructure, data infrastructure, cybersecurity, and enterprise software. Their investment philosophy centers on identifying and backing visionary founders who are building the foundational technologies and applications that will power the next generation of leading companies globally.

The firm typically invests in companies from the seed stage through Series A, providing critical capital and strategic support during these formative periods of growth. Floating Point seeks out startups that are developing disruptive solutions designed to enhance efficiency, scalability, and security within complex technological ecosystems. Their portfolio reflects a strong inclination towards deep tech and infrastructure plays, supporting companies that aim to become essential components of the modern digital economy.

Floating Point has demonstrated its commitment to this investment thesis through the successful closing of multiple funds. In 2021, the firm announced its inaugural fund, Floating Point Partners Fund I, with a total capital commitment of $50 million. Building on this momentum, they subsequently raised Floating Point Partners Fund II, which closed in 2023 with $100 million in commitments, significantly expanding their capacity for new investments and follow-on rounds. These funds enable Floating Point to deploy initial checks typically ranging from $1,000,000 for seed-stage opportunities to approximately $8,000,000 for leading or co-leading Series A rounds, aligning with the capital requirements of high-growth technology startups in their target sectors. Their portfolio includes notable companies such as Modular, Lamini, and Weights & Biases, underscoring their focus on impactful infrastructure and AI companies.