Seattle’s AI2 Incubator Raises $80M for Venture Arm’s Third Fund

Seattle-based AI2 Incubator has raised $80M for its third fund. Originally part of the Allen Institute for AI, the incubator became independent in 2022. It supports early-stage startups for 12 to 18 months and remains engaged beyond that period. AI2 Incubator has helped launch about 40 startups, now valued at $1.4B, which have raised $325M in additional funding.