Investor profile
Comet Labs
VC
See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
Comet Labs is a venture capital fund and startup platform founded in 2015, focused exclusively on artificial intelligence and deep-technology companies transforming the world's biggest industries. Their thesis holds that 'AI and robotics are going to allow humanity to rethink and rebuild industries vertical by vertical,' targeting both deep-technology building blocks (sensors, processors, computer vision, NLP) and vertical industry applications in agriculture, healthcare, logistics, transportation, retail, and manufacturing. Founded as a subsidiary of Legend Star — one of China's largest early-stage VC funds — Comet Labs goes beyond capital by running Labs programs that pair startups with established industry partners, giving founders access to resources, market knowledge, and cross-border opportunities in China. The firm believes that introducing AI to traditional industries requires 'a new and more collaborative approach,' and invests primarily at Seed and Series A stages.
Notable quotes
“We focus on AI and robotics companies that are transforming traditional industries like agriculture, healthcare, logistics and retail. We have done about 25 investments so far and that's across both application-based companies… and then the other sort of half of the portfolio companies focused on platform technologies — more fundamental building blocks that other technology companies can build solutions with.”
“Most of the investments that we have done so far are at Seed and we have done a couple at Series A and then we have done one in Series B. But our sweet spot is definitely Seed and increasing as we raise more funds in the future, focusing a little bit more on Series A as well.”
“We're the first venture capital fund and startup platform to focus exclusively on AI and robotics technology. We partner with established industry brands to give startups access to vital resources and knowledge that otherwise would be out of reach.”
Team
Mingyao Wang
Chairman
Andrew Byrnes
Investment Director
Gabriel Alvarado
Investment Associate
Jerry Wang
Senior Analyst – Beijing
Adam Kell
Investment Partner
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| AirMap | Seed | $3m | 2015-07-14 |
| Cobalt Robotics | Series B | $35m | 2019-06-01 |
| Iron Ox | Seed | — | 2017-01-01 |
| Matternet | Series A | — | 2016-01-01 |
| AMP Robotics | Seed | — | 2018-01-01 |
| Abundant Robotics | Seed | — | 2017-01-01 |
| InsightRX | Seed | — | 2018-01-01 |
| Esperanto Technologies | Seed | — | 2018-01-01 |
| Deep Vision | Seed | — | 2017-01-01 |
| IAM Robotics | Seed | — | 2017-01-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Andreessen Horowitz | 2 |
| Techstars | 2 |
| Legend Star | 2 |
| Endgame Capital | 1 |
| Forwards Fund | 1 |
| Coretronic Corporation | 1 |
Fit check
Is Comet Labs a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit