Race Capital

Race Capital, established in 2019, is a venture capital firm headquartered in Palo Alto, California, with additional offices in San Francisco, New Taipei City, Taiwan, and Wanchai, Hong Kong. The firm specializes in early-stage investments, focusing on enterprise computing sectors such as data infrastructure, collaboration, open-source, privacy, security, automation, and fintech infrastructure. Race Capital invests globally, with a particular interest in Asia and emerging economies, typically committing around $1 million per company. The firm's portfolio includes notable investments in both Web2 and Web3 infrastructure, such as Databricks, Vectara, Zeet, RapidAPI, and Agora.io.

Bernard Chan

Investor

Kenneth Cheng

Senior Director, Finance and Operations

Alfred Chuang

General Partner

Richard Lam

Partner

47 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 is a decentralized finance platform that facilitates lending for businesses and individuals by connecting high-performing receivables with global financing. The company provides a transparent and accessible financial infrastructure, allowing clients to tokenize and trade cash flow using credit on the blockchain. Huma's innovative approach enables users to secure loans against tokens as collateral, fostering a thriving ecosystem for managing and leveraging assets in a digital format.

Solayer Labs

Seed Round in 2024
Solayer Labs operates a re-staking network that builds upon the Solana blockchain, extending its capabilities to secure additional systems and enable horizontal scaling. By leveraging the economic security of SOL tokens and sharing Solana's validator network, Solayer allows application developers to achieve a higher degree of consensus and customize block space, enhancing the efficiency and versatility of decentralized cloud 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 is a technology company that specializes in providing a comprehensive security orchestration layer for organizations developing Generative Artificial Intelligence (GenAI) applications. Their platform ensures the security and compliance of these applications by offering features such as data lineage tracking, auditing, and access control. It also facilitates seamless integration of data from various sources, enabling developers to create permission-aware GenAI applications that protect sensitive data and meet regulatory requirements.

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 is a decentralized finance platform that facilitates lending for businesses and individuals by connecting high-performing receivables with global financing. The company provides a transparent and accessible financial infrastructure, allowing clients to tokenize and trade cash flow using credit on the blockchain. Huma's innovative approach enables users to secure loans against tokens as collateral, fostering a thriving ecosystem for managing and leveraging assets in a digital format.

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 company that specializes in developing a cross-chain messaging layer for the Web3 ecosystem. It provides a communication infrastructure platform designed to facilitate simplified communication and user engagement across various blockchains and messaging channels, including Discord, Telegram, SMS, and Twitter. The platform offers a messaging protocol tailored for blockchain applications, featuring easy integration and customizable advanced functionalities. This enables developers and creators in the Web3 space to enhance user engagement through multichannel communications, making it easier for businesses to connect with their audiences.

Ping

Seed Round in 2022
Ping offers a financial platform that enables international contractors and freelancers to open a personal Dollar account in the United States at no cost. This service facilitates the acceptance of payments in local currency from around the world, accommodating both fiat and cryptocurrency transactions. By streamlining the payment process for remote workers, Ping aims to simplify financial transactions and enhance accessibility for individuals working across borders.

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 provides a user-friendly platform that harnesses the capabilities of the Solana blockchain to enhance the financial experiences of everyday users. It offers a self-custody crypto application that allows individuals to easily send USDC instantly and without fees, eliminating the complexities often associated with traditional self-custody wallets. By streamlining the process and removing the need for seed phrases, Ottr Finance aims to make cryptocurrency accessible to a broader audience. Users can engage in various financial activities, such as sending money to friends, saving in U.S. dollars, and investing in crypto, all through a straightforward interface that is designed for ease of use.

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 company that specializes in developing a cross-chain messaging layer for the Web3 ecosystem. It provides a communication infrastructure platform designed to facilitate simplified communication and user engagement across various blockchains and messaging channels, including Discord, Telegram, SMS, and Twitter. The platform offers a messaging protocol tailored for blockchain applications, featuring easy integration and customizable advanced functionalities. This enables developers and creators in the Web3 space to enhance user engagement through multichannel communications, making it easier for businesses to connect with their audiences.

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 is a cryptocurrency exchange company that specializes in developing a professional trading platform, supporting features such as quarterly and perpetual futures, leveraged tokens, and OTC trading. It aims to cater to both professional trading firms and first-time users, offering an intuitive and robust trading environment. FTX was incubated by Alameda Research, ensuring it had industry order books from its inception. Additionally, FTX Ventures, its investment arm, provides equity and/or token investments to blockchain companies at various stages, supporting founders and maintaining their decision-making flexibility.

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. is a technology company that provides a unified data analytics cloud platform designed to facilitate data engineering and collaborative data science. The company offers a comprehensive suite of tools, including a just-in-time data platform that simplifies data integration, real-time experimentation, and deployment of production applications for developers and data scientists. Key products include Databricks Delta, which combines the capabilities of data warehouses with low-latency streaming, MLflow for managing the machine learning lifecycle, and Delta Lake for handling batch and streaming data. Databricks serves a diverse range of industries, including advertising, healthcare, manufacturing, and telecommunications, and has established strategic partnerships with various organizations to enhance its offerings. Founded in 2013, Databricks is headquartered in San Francisco, California, with additional offices in London, Amsterdam, and Bengaluru.

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 provider of advanced infrastructure solutions designed for financial institutions to manage and leverage digital assets effectively. The company operates an institutional-grade asset custody platform that facilitates the trading of various digital assets, offering robust custodial and infrastructure support. Its platform is tailored to meet the needs of asset managers and exchanges, ensuring secure and accessible facilities that accommodate global and multi-currency transactions. By integrating with existing financial organizations and adhering to stringent regulatory standards, PolySign aims to enhance the operational capabilities of its clients in the digital asset space.

GoodNotes

Seed Round in 2020
GoodNotes is a developer of an application software platform that specializes in digital handwritten note-taking for iPad and iPhone users. The company's flagship product, GoodNotes 6, transforms the device's screen into a digital paper interface, allowing users to create beautiful and searchable handwritten notes. In addition to note-taking, the platform supports drawing mind maps and marking up PDFs, enhancing the overall user experience for individuals seeking an efficient and organized way to manage their notes and documents. GoodNotes aims to simplify the process of digital note-taking, making it accessible and effective for its users.

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 is a cryptocurrency exchange company that specializes in developing a professional trading platform, supporting features such as quarterly and perpetual futures, leveraged tokens, and OTC trading. It aims to cater to both professional trading firms and first-time users, offering an intuitive and robust trading environment. FTX was incubated by Alameda Research, ensuring it had industry order books from its inception. Additionally, FTX Ventures, its investment arm, provides equity and/or token investments to blockchain companies at various stages, supporting founders and maintaining their decision-making flexibility.

PolySign

Series A in 2018
PolySign is a provider of advanced infrastructure solutions designed for financial institutions to manage and leverage digital assets effectively. The company operates an institutional-grade asset custody platform that facilitates the trading of various digital assets, offering robust custodial and infrastructure support. Its platform is tailored to meet the needs of asset managers and exchanges, ensuring secure and accessible facilities that accommodate global and multi-currency transactions. By integrating with existing financial organizations and adhering to stringent regulatory standards, PolySign aims to enhance the operational capabilities of its clients in the digital asset space.

Openlayer

Openlayer is an analysis platform that focuses on improving machine learning models by identifying and addressing failure patterns and biases. Its debugging workspace allows users to scrutinize model predictions, efficiently uncovering common failures and challenging edge cases. This functionality simplifies the tracking and versioning of models and datasets, enabling developers to concentrate on creating production-ready models. By enhancing the reliability and effectiveness of machine learning systems, Openlayer aims to facilitate better outcomes in various applications.

Unbound Security

Unbound Security specializes in data protection, offering a browser extension platform that safeguards sensitive information. Its solution provides real-time monitoring and granular access control, ensuring businesses comply with data regulations and maintain security without disrupting employee workflows or requiring additional infrastructure.
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