First Round Capital AI Infrastructure Portfolio 2026

3 AI Infrastructure companies backed by First Round Capital, including David AI, Parallel, Reducto — with the co-investors on each cap table.

First Round Capital — AI Infrastructure accounts for 6 tracked companies with verified cap-table data, 6 of which disclose round sizes totalling $839M. The median disclosed raise is $130M, and the largest is Fal at $250M, ahead of Labelbox ($190M) and Prepared ($130M).

The names that recur most often on these portfolio cap tables are First Round Capital (6 companies), Kleiner Perkins (2 companies), Andreessen Horowitz (2 companies), Andreessen Horowitz (a16z) (2 companies), Sequoia (1 company), Meritech Capital (1 company). By latest disclosed round, the market skews Series D (2), Series C (2), Series B (2).

Best funded First Round Capital — AI Infrastructure companies

  1. Fal — $250M (latest: Series D)
  2. Labelbox — $190M (latest: Series D)
  3. Prepared — $130M (latest: Series C)
  4. Reducto — $108M (latest: Series B)
  5. David AI — $81M (latest: Series B)
  6. Instrumental — $80M (latest: Series C)

First Round Capital — related firms and companies (56)

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