Top 100 VC Firms for AI Startups: The 2026 Strebulaev–Jackson AI Ranking — Full List

For founders tracking startup funding in India and globally, the sharpest map of who is actually winning the AI investing race just got an update. Stanford GSB professor Ilya Strebulaev and Blake Jackson have released the firm list for the 2026 Strebulaev–Jackson AI Venture Ranking — the 100 VC firms scored purely on their investments in US-based AI companies, with a cutoff of August 31, 2026. The full list of 100 follows in alphabetical order. Update (22 October 2026): the ranked Top 50 has been released — it now leads this article.

The ranked Top 50 (released 20 October 2026)

Strebulaev and Jackson released the ranked Top 50 AI VC firms on October 20, 2026. Andreessen Horowitz tops the ranking with 22,509 points, about 1.6 times second-placed Lightspeed. The curve is the steepest of any ranking they have released: the score falls to 4,162 by rank 10 and just 470 by rank 50, so the top firm scores roughly 48 times the 50th. The top 3 firms hold 29% of all points earned by the Top 100, the top 10 hold 60% and the Top 50 hold 95%. A handful of companies anchor the table — Anthropic is the single highest-scoring AI investment for 21 of the Top 100 firms, ahead of xAI (8 firms) and Databricks (6). Small funds punch through as well: Parkway Venture Capital ranks 14th on roughly $115M under management, and Sound Ventures 16th on about $1B.

1. Andreessen Horowitz (a16z) — 22,509 points
2. Lightspeed Venture Partners — 14,422 points
3. Menlo Ventures — 13,464 points
4. Sequoia — 10,855 points
5. ICONIQ Growth — 8,639 points
6. Thrive Capital — 7,931 points
7. Founders Fund — 7,491 points
8. Dragoneer — 7,419 points
9. Valor Equity — 5,932 points
10. Tiger Global — 4,162 points
11. Coatue — 4,118 points
12. Benchmark — 3,678 points
13. General Catalyst — 3,025 points
14. Parkway Venture Capital — 2,894 points
15. Khosla Ventures — 2,871 points
16. Sound Ventures — 2,686 points
17. Accel — 2,584 points
18. Lux Capital — 2,554 points
19. Insight Partners — 2,533 points
20. Kleiner Perkins — 2,381 points
21. Greylock — 2,253 points
22. Factorial Funds — 2,198 points
23. SV Angel — 1,823 points
24. DST Global — 1,782 points
25. Y Combinator — 1,597 points
26. Spark Capital — 1,551 points
27. Notable Capital — 1,445 points
28. Innovation Endeavors — 1,261 points
29. IVP — 1,234 points
30. Index Ventures — 1,125 points
31. Altimeter — 1,055 points
32. General Atlantic — 962 points
33. New Enterprise Associates — 928 points
34. Bessemer Venture Partners — 790 points
35. Craft Ventures — 782 points
36. Pegasus Tech Ventures — 781 points
37. Conviction Partners — 776 points
38. CRV — 762 points
39. Eclipse Capital — 746 points
40. Amplify Partners — 727 points
41. Seven Seven Six — 713 points
42. Stripes — 694 points
43. Foundation Capital — 680 points
44. 8VC — 650 points
45. A.Capital Ventures — 649 points
46. Bain Capital Ventures — 633 points
47. Greenoaks — 620 points
48. Matrix — 592 points
49. HOF Capital — 588 points
50. BOND Capital — 470 points

Every firm in this Top 50 — and in the full Top 100 below — has a profile on Nora Fund. Ranks 51–100 are released to the ranking's paid subscribers. Source: Strebulaev–Jackson Venture Rankings, 2026 AI ranking (cutoff August 31, 2026), ilyastrebulaev.substack.com.

The full list: 100 VC firms in the 2026 AI venture ranking

8VC, A*, A.Capital Ventures, Accel, Addition, AIX Ventures, Alkeon, Allison Pickens Ventures, Altimeter, Alumni Ventures, Amino, Amplify Partners, Andreessen Horowitz, Ascolta Ventures, B Capital, Baillie Gifford, Bain Capital Ventures, Battery Ventures, Benchmark, Bessemer Venture Partners, BOND Capital, BoxGroup, Coatue, Conversion, Conviction Partners

Craft Ventures, CRV, DCVC, Definition, Deviation, DFJ Growth, Dragoneer, DST Global, Eclipse Capital, Emergence, Factorial Funds, Felicis, FinSight Ventures, Firebolt Ventures, First Round, Flex, Foundation Capital, Founders Fund, General Atlantic, General Catalyst, Geodesic, Greenoaks, Greycroft, Greylock, HOF Capital

Human Capital, ICONIQ Growth, Index Ventures, Innovation Endeavors, Insight Partners, IronArc Ventures, IVP, K2 Global, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Liquid 2 Ventures, Lux Capital, Madrona Venture Group, March, Matrix, Maven Ventures, Mayfield Fund, Menlo Ventures, Meritech, Neo, New Enterprise Associates, Norwest, Notable Capital, Paradigm

Parkway Capital, Pegasus Tech Ventures, Playground Global, Premji Invest, Radical Ventures, S32, Sapphire Ventures, Scale Venture Partners, Scale-Up, Sequoia, Seven Seven Six, Sound Ventures, Sozo Ventures, Spark Capital, Stripes, SV Angel, Thrive Capital, Tiger Global, Union Square Ventures, Unity Growth Fund, Valor Equity, Village Global, Wing Venture Capital, WndrCo, Y Combinator

How the Strebulaev–Jackson ranking works

Unlike brand-based league tables, the Strebulaev–Jackson Venture Ranking is fully data-driven: every point a firm earns traces back to a specific investment in a specific company on a specific date, scored on six economically grounded factors, with private valuations discounted to reflect the downside protection built into preferred stock. The methodology is published in the working paper Ranking Venture Investors (Stanford GSB / SSRN, 2026). For this AI edition, only investments in US-based AI companies count — which is why AI-native funds like Radical Ventures, AIX Ventures and Conviction Partners sit alongside megafunds like Sequoia and Andreessen Horowitz.

What Indian founders should take from it

One Indian name makes the list: Premji Invest. Roughly half of these 100 firms already have profiles on Nora Fund, and we are adding the rest — including every programme they run — so founders can check theses, cheque sizes and application routes in one place. If you are building an AI startup and plan to raise from US funds, this is the target list the market itself is using; the ranked Top 50 above shows which of these firms the data puts on top.