Race Capital

Race Capital is a venture capital firm founded in 2019, based in Palo Alto, California, with additional offices in New Taipei City, Taiwan, and Wanchai, Hong Kong. The firm specializes in early-stage investments, primarily targeting startups within the blockchain ecosystem and broader enterprise computing sectors. It focuses on areas such as fintech, data infrastructure, collaboration, open-source solutions, privacy, security, and automation. Race Capital aims to invest in companies located in Asia and emerging economies, typically committing around $1 million per investment. The firm is recognized for its expertise and extensive network within the industry, making it a notable player in the venture capital landscape.

Kenneth Cheng

Senior Director, Finance and Operations

Alfred Chuang

General Partner

45 past transactions

PlayAI

Seed Round in 2024
PlayAI specializes in creating advanced AI voice models designed for fluid and emotive conversations. The platform enables businesses and developers to build engaging conversational AI experiences that enhance user interaction. By focusing on natural language processing and intuitive sequences, PlayAI aims to make human-AI interactions more accessible and effective for various applications.

Shinami

Seed Round in 2024
Shinami is a developer platform focused on facilitating the creation of decentralized applications within the web3 ecosystem. The company provides a node-as-a-service solution that allows applications to connect with the sui network, ensuring dynamic scalability and reliability. This infrastructure enables businesses to develop and deploy applications efficiently, leveraging enterprise-grade resources. By powering the next generation of decentralized apps, Shinami aims to drive innovation in the evolving landscape of web3 technologies.

Nitro Labs

Seed Round in 2024
Termina is a powerful platform designed to streamline the deployment of Solana blocks through an integrated engine for the Solana Virtual Machine (SVM)

Persana AI

Seed Round in 2024
Persana AI is a developer of an intelligent sales copilot platform that enhances sales productivity through custom fine-tuned models. The platform is designed to surface lead insights and generate personalized outbound communications in the unique voice of the company. By offering tools that combine various sources of insights, including features like Chrome extensions and real-time notifications, Persana AI enables sales teams to craft tailored emails efficiently. This approach not only streamlines the sales process but also supports teams in maximizing their outreach efforts.

Huma

Venture Round in 2024
Huma operates an on-chain credit platform that facilitates lending to businesses and individuals. By connecting high-performing receivables with global financing, Huma enables clients to access loans secured by tokens as collateral. The platform emphasizes transparency and accessibility, allowing users to tokenize and trade cash flow while leveraging credit on a blockchain system. This innovative approach aims to create a thriving financial ecosystem that enhances the way clients manage their financial resources.

Solayer

Seed Round in 2024
Solayer is building the restaking network natively on Solana. Solana serves as the internet layer, facilitating the seamless movement of data, trust, and money. Solayer leverages its economic security and superior execution capabilities as decentralized cloud infrastructure, enabling application developers to achieve a higher degree of consensus and block space customization. To achieve this, Solayer employs a two-pronged approach: 1) Restaking: Leveraging the economic security of SOL to secure additional systems. 2) Shared Validator Network: Solana-centric networks that share Solana's security and infrastructure.

Vectara

Series A in 2024
Vectara is a provider of a generative AI product platform that enables the integration of advanced AI features into various applications. Its offering includes a serverless Retrieval Augmented Generation (RAG) API platform designed to embed generative AI functionality into chatbots and other products, relying on a robust hybrid-search core. This platform ensures accurate and contextually relevant responses, addressing critical challenges for enterprise adoption such as reducing hallucination, enhancing explainability, enforcing access control, and allowing real-time updates of knowledge. Vectara's technology also emphasizes data security and supports multilingual capabilities, making it suitable for a broad range of applications including conversational AI, question-answering, and semantic search. Through its innovative platform, Vectara helps businesses create effective AI-driven experiences while maintaining compliance with intellectual property and bias considerations.

Opsin

Seed Round in 2024
Opsin provides a comprehensive security orchestration layer that empowers organizations to build GenAI applications securely with their data. From a security perspective, Opsin includes enterprise-level security tools such as auditing and data lineage in GenAI models to meet security and compliance requirements from the outset. Our platform prevents sensitive data from being exposed or leaving the organization, safeguarding information at every step of the process. From a development perspective, our solution allows for the seamless integration of data from structured, unstructured, and CRM sources. This enables developers to create permission-aware GenAI applications that ensure only authorized users can access their permitted data.

Unify

Seed Round in 2024
Combine All Models for Faster, Cheaper, and Better Responses Than Any Single Model

Clerk Chat

Seed Round in 2024
Clerk Chat is a developer of communication software that specializes in reliable business text messaging. The application enables users to send messages to contacts via desktop or mobile devices, facilitating efficient engagement with leads. By streamlining customer support, operations, and sales communications, Clerk Chat helps businesses reduce the time required to qualify leads and enhances overall interaction with clients and organizations.

Vectara

Seed Round in 2023
Vectara is a provider of a generative AI product platform that enables the integration of advanced AI features into various applications. Its offering includes a serverless Retrieval Augmented Generation (RAG) API platform designed to embed generative AI functionality into chatbots and other products, relying on a robust hybrid-search core. This platform ensures accurate and contextually relevant responses, addressing critical challenges for enterprise adoption such as reducing hallucination, enhancing explainability, enforcing access control, and allowing real-time updates of knowledge. Vectara's technology also emphasizes data security and supports multilingual capabilities, making it suitable for a broad range of applications including conversational AI, question-answering, and semantic search. Through its innovative platform, Vectara helps businesses create effective AI-driven experiences while maintaining compliance with intellectual property and bias considerations.

Moonsense

Seed Round in 2023
Moonsense is a cloud-based platform that provides a cross-platform toolset for developers, data scientists, and product managers. Its primary function is to serve as an intelligent conduit for sensor data, transforming noisy and unstructured data into actionable insights. This enables applications and services to perceive and interact with the physical world more intelligently. By allowing users to integrate environmental awareness into their projects, Moonsense enhances the ability to leverage real-world data effectively, making it a valuable resource for creating innovative solutions that respond to the complexities of the environment.

Huma

Seed Round in 2023
Huma operates an on-chain credit platform that facilitates lending to businesses and individuals. By connecting high-performing receivables with global financing, Huma enables clients to access loans secured by tokens as collateral. The platform emphasizes transparency and accessibility, allowing users to tokenize and trade cash flow while leveraging credit on a blockchain system. This innovative approach aims to create a thriving financial ecosystem that enhances the way clients manage their financial resources.

Airtrain AI

Seed Round in 2022
Airtrain AI is the AI Data Platform. From our LLM Playground to our Dataset Explorer to batch evaluation and custom LLM fine-tuning — Airtrain enables AI teams to build and deploy scalable, precise, data-intensive AI workflows easily while reducing operational costs. Built by Machine Learning veterans from Cruise and Instacart, today Airtrain technology is trusted by AI professionals in a wide range of global industries. For more information, visit https://airtrain.ai or follow us on Twitter at https://twitter.com/AirtrainAI or YouTube at https://www.youtube.com/@AirtrainAI.

Notifi

Seed Round in 2022
Notifi is a developer of a cross-chain messaging layer designed for Web3, facilitating streamlined communication and user engagement across various blockchains and messaging channels, such as Discord, Telegram, SMS, and Twitter. The platform serves as a communication infrastructure for Web3 developers and creators, offering an easy-to-integrate messaging protocol tailored for decentralized applications. It features customizable and advanced capabilities that enable businesses to effectively engage with their users through multichannel communications, enhancing interaction within the evolving landscape of Web3.

Ping

Seed Round in 2022
Ping provides international contractors and freelancers with access to a personal Dollar account in the United States.

Martian

Pre Seed Round in 2022
Martian is a developer of a digital platform that allows users to store, send, and receive tokens, as well as manage and mint non-fungible tokens (NFTs). The platform emphasizes simplicity and security, enhancing the user experience with web3 native notifications. This functionality enables users to interact seamlessly with decentralized applications, facilitating the buying, storing, swapping of tokens, and collection of NFTs.

Ottr Finance

Pre Seed Round in 2022
Ottr Finance unlocks the financial power of the Solana blockchain, wrapped in a familiar interface that anyone can learn to use. Pay friends, save in USD, invest and earn in crypto.

Zeet

Seed Round in 2022
Zeet is a developer-focused application platform established in 2020 and based in San Francisco, California. The company simplifies the code deployment process by enabling users to deploy applications to various cloud providers, including AWS and GCP. Zeet's all-in-one DevOps software offers a cloud-native setup that allows clients to manage self-hosted open-source projects seamlessly. This functionality empowers developers to concentrate on product delivery rather than getting bogged down in complex deployment configurations.

Opaque Systems

Series A in 2022
Opaque Systems is a startup that provides secure data analytics and machine learning services in the cloud. The company specializes in enabling organizations to analyze encrypted data without exposing it in an unencrypted form, thus ensuring data privacy. Their platform, built on the open-source MC2 Platform, incorporates advanced technologies such as secure hardware enclaves and cryptographic fortification. This allows users to utilize familiar tools like Apache Spark for various data-related tasks, including running SQL queries, performing complex analytics, and executing ETL (extract, transform, load) pipelines on encrypted data. Additionally, Opaque facilitates the secure training of machine learning models on sensitive data, enhancing privacy through federated learning and server-side aggregation of client updates.

OtterTune

Series A in 2022
OtterTune, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in providing automated database tuning services. Founded in 2020, OtterTune develops solutions aimed at enhancing the performance of data-intensive applications. Its technology continuously learns from database behavior and optimizes runtime settings to improve system performance, identifying optimization strategies that are often overlooked by human database administrators. By reusing training data from past tuning sessions, OtterTune's tool simplifies the deployment of database management systems, allowing developers to configure these systems effectively without requiring in-depth expertise in database administration.

Irys

Seed Round in 2022
The world's first programmable datachain, where data doesn't just exist; it becomes active, fluid, valuable across applications. And it's this evolution—from passive to programmable—that marks the true primitive.

Hedge Labs

Seed Round in 2022
Hedge Labs is a software development company based in Miami, Florida, specializing in a decentralized liquidity platform for cryptocurrency assets. The company has developed a capital-efficient protocol that enables users to access interest-free loans, allowing for instant liquidity without incurring taxable events from ongoing interest payments. This innovative approach facilitates the deposit and borrowing of Solana tokens, catering to the needs of users looking for efficient financial solutions in the cryptocurrency market.

Notifi

Pre Seed Round in 2022
Notify is a B2B/B2C communication platform that provides services such as calls, messages, and notifications.

Notifi

Pre Seed Round in 2022
Notifi is a developer of a cross-chain messaging layer designed for Web3, facilitating streamlined communication and user engagement across various blockchains and messaging channels, such as Discord, Telegram, SMS, and Twitter. The platform serves as a communication infrastructure for Web3 developers and creators, offering an easy-to-integrate messaging protocol tailored for decentralized applications. It features customizable and advanced capabilities that enable businesses to effectively engage with their users through multichannel communications, enhancing interaction within the evolving landscape of Web3.

FTX US Derivatives

Series A in 2022
FTX US is a bitcoin options exchange designed to assist both individual traders and institutions in trading. FTX US allows users to trade a variety of digital assets like Bitcoin, Ethereum, Solana, and Dogecoin. The company was founded by Sam Bankman-Fried and Gary Wang in 2020 and is based in San Francisco, California.

Zeet

Seed Round in 2022
Zeet is a developer-focused application platform established in 2020 and based in San Francisco, California. The company simplifies the code deployment process by enabling users to deploy applications to various cloud providers, including AWS and GCP. Zeet's all-in-one DevOps software offers a cloud-native setup that allows clients to manage self-hosted open-source projects seamlessly. This functionality empowers developers to concentrate on product delivery rather than getting bogged down in complex deployment configurations.

Scarf

Venture Round in 2021
Scarf is a developer of an open-source platform designed to enhance the connection between users, advocates, and customers in the software development ecosystem. The platform provides data analytics on software adoption, allowing businesses to better understand and leverage their dependencies. Additionally, Scarf offers options for monetizing code, which supports open-source creators in managing data-driven projects. By facilitating direct communication between businesses and software maintainers, Scarf aims to improve the overall quality and effectiveness of software development.

Zeta Markets

Seed Round in 2021
Zeta Markets is a decentralized finance (DeFi) derivatives platform that facilitates liquid derivatives trading for both individual and institutional investors. The platform allows users to hedge, speculate, and take positions on a wide array of market movements through its under-collateralized derivatives offerings. Utilizing Solana's efficient and censorship-resistant infrastructure, Zeta Markets provides quick pricing updates, enables swift trade executions, and allows for position settlements in under a second, all with minimal transaction costs. By focusing on simplifying the derivatives trading experience, Zeta Markets aims to create a user-friendly ecosystem that caters to diverse trading needs.

Social Chat

Seed Round in 2021
Social Chat enables you to engage and convert customers through social livestreams and personalized shopping experiences.

FTX

Series B in 2021
FTX Exchange is a cryptocurrency exchange that offers a platform designed for both professional trading firms and novice users. It provides a range of products, including quarterly and perpetual futures for various cryptocurrencies, leveraged tokens, and over-the-counter trading. The exchange was initially developed by Alameda Research, a leading provider of cryptocurrency liquidity, which contributed to its robust market presence from the outset. Additionally, FTX Ventures served as the corporate venture capital arm of FTX, investing in various sectors such as healthcare, information technology, and gaming. Founded in 2022, FTX Ventures aimed to support innovative startups without imposing restrictions on their decision-making processes. However, the company declared bankruptcy in November 2022, marking a significant downturn in its operations.

Solend

Seed Round in 2021
Solend is a decentralized finance (DeFi) platform that facilitates borrowing and lending of cryptocurrency. It primarily serves users within the Solana ecosystem, providing them with diverse opportunities to profit from their assets. The platform enhances capital efficiency by allowing users to earn yields on idle funds and implement various DeFi yield strategies. Users can choose to lend or borrow funds, primarily using stablecoins or SOL, the native cryptocurrency of Solana. By enabling individuals to act as mini-banks, Solend aims to transform the traditional lending process in the cryptocurrency market.

Databricks

Series H in 2021
Databricks Inc. offers a unified data analytics cloud platform that simplifies data engineering and supports collaborative data science. Its core product, Databricks, enables organizations to process and analyze large datasets efficiently, leveraging tools like Apache Spark. The platform is designed for real-time experimentation and robust deployment of production applications, catering to developers and data scientists. Additionally, Databricks provides Databricks Delta, a data management system that combines the scalability of a data warehouse with low-latency streaming capabilities. The company also offers MLflow for managing the machine learning lifecycle and Delta Lake for handling batch and streaming data. Databricks serves a diverse range of industries, including healthcare, finance, manufacturing, and telecommunications. Founded in 2013 and headquartered in San Francisco, with additional offices in London, Amsterdam, and Bengaluru, Databricks has established strategic partnerships to enhance its offerings and foster innovation in data and AI technologies.

Saber Labs

Seed Round in 2021
Saber Labs is the cross-chain stablecoin and wrapped assets exchange on Solana.

Opaque Systems

Seed Round in 2021
Opaque Systems is a startup that provides secure data analytics and machine learning services in the cloud. The company specializes in enabling organizations to analyze encrypted data without exposing it in an unencrypted form, thus ensuring data privacy. Their platform, built on the open-source MC2 Platform, incorporates advanced technologies such as secure hardware enclaves and cryptographic fortification. This allows users to utilize familiar tools like Apache Spark for various data-related tasks, including running SQL queries, performing complex analytics, and executing ETL (extract, transform, load) pipelines on encrypted data. Additionally, Opaque facilitates the secure training of machine learning models on sensitive data, enhancing privacy through federated learning and server-side aggregation of client updates.

Dexlab

Seed Round in 2021
Dexlab operates a decentralized exchange platform focused on the listing and minting of tokens for various projects within the Solana ecosystem. By utilizing the central order book of the Serum decentralized exchange, Dexlab facilitates rapid transactions and provides shared liquidity, enhancing the trading experience for crypto investors. The platform aims to support both blockchain and non-blockchain projects, allowing users to engage in token investments while benefiting from innovative features that promote monetization.

PolySign

Series B in 2021
PolySign is a company that specializes in developing secure and scalable infrastructure for financial institutions to effectively manage and trade digital assets. Its institutional-grade asset custody platform supports a wide range of digital assets, providing custodial and infrastructure solutions that cater to asset managers and exchanges. By integrating with existing financial organizations and global markets, PolySign aims to facilitate seamless trading while adhering to the highest regulatory standards. The company focuses on delivering secure, global, multi-currency facilities that empower its clients to fully capitalize on the opportunities presented by digital assets.

GoodNotes

Seed Round in 2020
GoodNotes is a software company that specializes in digital handwritten note-taking applications for iPad and iPhone. Their flagship product, GoodNotes 6, transforms the device screen into a digital paper, allowing users to create aesthetically pleasing and searchable handwritten notes. The application supports various functionalities, such as drawing mind maps and marking up PDFs, which enhances the note-taking experience. By combining technology with intuitive design, GoodNotes enables individuals to produce clear and organized handwritten content on iOS devices.

Midas Labs

Angel Round in 2020
Midas Labs Inc. is a company based in Alhambra, California, with an additional office in Taiwan, that specializes in the design and manufacture of application-specific integrated circuits (ASICs) for blockchain mining and artificial intelligence applications. Established in 2019, Midas Labs has developed a unique super hash engine that allows for efficient reprogrammable ASIC miner chips, supporting multiple hash algorithms within a single chip. The company also offers DeMiner, an application that enables users to mine the open-source cryptocurrency Monero. In addition, Midas Labs provides fully customized blockchain support for both communities and enterprises, encompassing a range of hardware and software services. The founding team consists of experienced professionals previously associated with Intel and MediaTek.

Lightning Labs

Series A in 2020
Lightning Labs is focused on creating advanced decentralized financial infrastructure utilizing blockchain technology and smart contracts. The company has developed the Lightning Network Daemon (lnd), which serves as a leading implementation of the Lightning Network protocol, allowing for efficient and private transactions. Additionally, Lightning Labs offers Neutrino, an open platform that enables users to conduct blockchain and Lightning Network transactions easily via mobile devices. By enhancing the capabilities of cryptocurrency transactions, Lightning Labs aims to facilitate financial cooperation globally, making transactions accessible and efficient for users of all sizes.

FTX

Seed Round in 2019
FTX Exchange is a cryptocurrency exchange that offers a platform designed for both professional trading firms and novice users. It provides a range of products, including quarterly and perpetual futures for various cryptocurrencies, leveraged tokens, and over-the-counter trading. The exchange was initially developed by Alameda Research, a leading provider of cryptocurrency liquidity, which contributed to its robust market presence from the outset. Additionally, FTX Ventures served as the corporate venture capital arm of FTX, investing in various sectors such as healthcare, information technology, and gaming. Founded in 2022, FTX Ventures aimed to support innovative startups without imposing restrictions on their decision-making processes. However, the company declared bankruptcy in November 2022, marking a significant downturn in its operations.

PolySign

Series A in 2018
PolySign is a company that specializes in developing secure and scalable infrastructure for financial institutions to effectively manage and trade digital assets. Its institutional-grade asset custody platform supports a wide range of digital assets, providing custodial and infrastructure solutions that cater to asset managers and exchanges. By integrating with existing financial organizations and global markets, PolySign aims to facilitate seamless trading while adhering to the highest regulatory standards. The company focuses on delivering secure, global, multi-currency facilities that empower its clients to fully capitalize on the opportunities presented by digital assets.
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