TL;DR
An in-depth analysis of Khosla Ventures's AI investment portfolio, strategy, co-investors, and sector focus across 26 tracked deals as of November 2026.
Key Takeaways
- As of November 2026, Khosla Ventures had participated in 26 tracked AI funding rounds across 23 companies, totaling $12.2B in aggregate round sizes.
- As of November 2026, Khosla Ventures had led 15 AI funding rounds (58% of its tracked deals).
- Largest tracked round: OpenAI's Series D at $6.6B (Oct 2, 2024).
- Most active sector: AI Robotics with 7 deals, across 11 AI sectors in total.
- As of November 2026, Khosla Ventures had co-invested alongside 88 other investors; the most frequent is Sequoia Capital (6 deals together).
Investor Overview
Khosla Ventures is a venture capital firm founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. The firm invests across clean energy, AI, healthcare, and frontier technology with over $15 billion in assets under management. Khosla Ventures led Glean's Series E and has backed Replit, reflecting the firm's deep conviction in AI's transformative potential for enterprise productivity and software development. Vinod Khosla is known for his bold, thesis-driven investing style and willingness to fund ambitious moonshots. The firm invests from seed through growth stage and maintains a highly concentrated portfolio approach.
| Detail | Value |
|---|---|
| Name | Khosla Ventures |
| Type | VC |
| Website | https://khoslaventures.com |
| Tracked AI Deals | 26 |
| Unique Portfolio Companies | 23 |
| Total Capital in Tracked Rounds | $12.2B |
| Lead Investments | 15 |
The AI funding landscape continues to evolve rapidly, with significant capital flowing into companies pushing the boundaries of artificial intelligence. This period's activity reflects both growing investor confidence and the increasing maturity of the ecosystem. Deal sizes and valuations continue to climb as AI transitions from experimental technology to core enterprise infrastructure.
Portfolio Summary
As of November 2026, Khosla Ventures had participated in 26 tracked AI funding round(s) across 23 companyies. Below is a complete breakdown.
| Company | Sector | Round | Amount | Valuation | Date | Role |
|---|---|---|---|---|---|---|
| Sakana AI | Foundation Models & AGI | Seed | $30M | N/A | Jan 15, 2024 | Participant |
| Collaborative Robotics | AI Robotics | Series B | $100M | N/A | Apr 10, 2024 | Participant |
| Ramp | AI Fintech | Series D Extension | $150M | N/A | Apr 17, 2024 | Lead |
| Glean | Enterprise AI | Series D | $200M | N/A | Aug 12, 2024 | Lead |
| OpenAI | Foundation Models & AGI | Series D | $6.6B | $157.0B | Oct 2, 2024 | Participant |
| Physical Intelligence | AI Robotics | Series A | $400M | $2.4B | Nov 4, 2024 | Participant |
| Genesis AI | AI Robotics | Seed | $105M | N/A | Jul 1, 2025 | Participant |
| Field AI | AI Robotics | Series B | $405M | $2.0B | Aug 20, 2025 | Lead |
| Sakana AI | Foundation Models & AGI | Series B | $300M | N/A | Nov 20, 2025 | Lead |
| Replit | AI Developer Tools | Series C | $200M | N/A | Jan 5, 2026 | Participant |
| Waabi | AI Robotics | Series C | $750M | $3.0B | Jan 28, 2026 | Lead |
| Glean | Enterprise AI | Series E | $260M | $4.6B | Feb 10, 2026 | Lead |
| Rhoda | AI Robotics | Series A | $450M | N/A | Mar 11, 2026 | Lead |
| Glydways | AI Robotics | Undisclosed | $170M | N/A | Apr 15, 2026 | Lead |
| Factory | Enterprise AI | Undisclosed | $150M | $1.5B | Apr 16, 2026 | Lead |
| Rogo | AI Fintech | Series D | $160M | N/A | Apr 29, 2026 | Participant |
| Parallel Web Systems | AI Infrastructure | Series B | $100M | N/A | Apr 29, 2026 | Participant |
| Synthetic | Enterprise AI | Seed | $10M | N/A | May 14, 2026 | Lead |
| Phia | Consumer AI | Series A | $36M | N/A | Jun 2, 2026 | Lead |
| Ramp | AI Fintech | Series F | $750M | N/A | Jun 5, 2026 | Participant |
| Mach Industries | AI Defense | Series C | $300M | $1.8B | Jun 5, 2026 | Participant |
| Pramaana Labs | AI Security | Seed | $27M | N/A | Jun 17, 2026 | Lead |
| Clair Health | AI Healthcare | Seed | $12M | N/A | Jun 17, 2026 | Lead |
| General Intuition | Foundation Models & AGI | Undisclosed | $300M | $2.3B | Jun 25, 2026 | Participant |
| Twenty | AI Defense | Undisclosed | $30M | N/A | Jul 20, 2026 | Lead |
| Arda | Defense AI | Series A | $160M | $1.5B | Oct 20, 2026 | Lead |
Total Capital Deployed in AI
Across all tracked rounds, Khosla Ventures has participated in deals totaling $12.2B in aggregate round sizes. Note: this represents total round amounts, not the investor's individual check sizes, which are not publicly disclosed for most rounds. Amounts are stated in the currency each round was reported in; no conversion is applied.
By Company
| Company | Rounds Participated | Total Round Value | Latest Round |
|---|---|---|---|
| Sakana AI | 2 | $330M | Series B (Nov 20, 2025) |
| Collaborative Robotics | 1 | $100M | Series B (Apr 10, 2024) |
| Ramp | 2 | $900M | Series F (Jun 5, 2026) |
| Glean | 2 | $460M | Series E (Feb 10, 2026) |
| OpenAI | 1 | $6.6B | Series D (Oct 2, 2024) |
| Physical Intelligence | 1 | $400M | Series A (Nov 4, 2024) |
| Genesis AI | 1 | $105M | Seed (Jul 1, 2025) |
| Field AI | 1 | $405M | Series B (Aug 20, 2025) |
| Replit | 1 | $200M | Series C (Jan 5, 2026) |
| Waabi | 1 | $750M | Series C (Jan 28, 2026) |
| Rhoda | 1 | $450M | Series A (Mar 11, 2026) |
| Glydways | 1 | $170M | Undisclosed (Apr 15, 2026) |
| Factory | 1 | $150M | Undisclosed (Apr 16, 2026) |
| Rogo | 1 | $160M | Series D (Apr 29, 2026) |
| Parallel Web Systems | 1 | $100M | Series B (Apr 29, 2026) |
| Synthetic | 1 | $10M | Seed (May 14, 2026) |
| Phia | 1 | $36M | Series A (Jun 2, 2026) |
| Mach Industries | 1 | $300M | Series C (Jun 5, 2026) |
| Pramaana Labs | 1 | $27M | Seed (Jun 17, 2026) |
| Clair Health | 1 | $12M | Seed (Jun 17, 2026) |
| General Intuition | 1 | $300M | Undisclosed (Jun 25, 2026) |
| Twenty | 1 | $30M | Undisclosed (Jul 20, 2026) |
| Arda | 1 | $160M | Series A (Oct 20, 2026) |
This area of the AI market continues to attract significant investor attention, reflecting the sector's rapid growth and substantial long-term potential.
Sector Breakdown
Khosla Ventures's AI investments span 11 sector(s). Here is how their deal activity breaks down by sector.
| Sector | Number of Deals | % of Portfolio |
|---|---|---|
| AI Robotics | 7 | 27% |
| Foundation Models & AGI | 4 | 15% |
| Enterprise AI | 4 | 15% |
| AI Fintech | 3 | 12% |
| AI Defense | 2 | 8% |
| AI Developer Tools | 1 | 4% |
| AI Infrastructure | 1 | 4% |
| Consumer AI | 1 | 4% |
| AI Security | 1 | 4% |
| AI Healthcare | 1 | 4% |
| Defense AI | 1 | 4% |
These sector dynamics reflect the broader market's appetite for AI solutions across verticals, with both infrastructure and application layers seeing robust investment. The concentration of capital in leading sectors signals where investors see the highest near-term returns.
Co-Investor Analysis
As of November 2026, Khosla Ventures had co-invested alongside 88 other investor(s) in tracked AI rounds. The most frequent co-investors are:
| Co-Investor | Deals Together | Relationship |
|---|---|---|
| Sequoia Capital | 6 | Frequent co-investor |
| Lux Capital | 4 | Frequent co-investor |
| Thrive Capital | 4 | Frequent co-investor |
| General Catalyst | 3 | Frequent co-investor |
| Lightspeed Venture Partners | 3 | Frequent co-investor |
| NVIDIA | 3 | Frequent co-investor |
| Kleiner Perkins | 3 | Frequent co-investor |
| Founders Fund | 2 | Repeat co-investor |
| Bezos Expeditions | 2 | Repeat co-investor |
| Eric Schmidt | 2 | Repeat co-investor |
| Insight Partners | 2 | Repeat co-investor |
| Microsoft Ventures | 1 | Single co-investment |
| SoftBank Vision Fund | 1 | Single co-investment |
| OpenAI Startup Fund | 1 | Single co-investment |
| Bond | 1 | Single co-investment |
| Eclipse | 1 | Single co-investment |
| Bpifrance | 1 | Single co-investment |
| HongShan | 1 | Single co-investment |
| Intel Capital | 1 | Single co-investment |
| Temasek | 1 | Single co-investment |
| Andreessen Horowitz | 1 | Single co-investment |
| G2 Venture Partners | 1 | Single co-investment |
| Uber | 1 | Single co-investment |
| BlackRock | 1 | Single co-investment |
| Radical Ventures | 1 | Single co-investment |
| HarbourVest Partners | 1 | Single co-investment |
| Suzuki Motor Corporation | 1 | Single co-investment |
| ACS Group | 1 | Single co-investment |
| Mitsui Chemicals | 1 | Single co-investment |
| Gates Frontier | 1 | Single co-investment |
| Obayashi Corporation | 1 | Single co-investment |
| Blackstone | 1 | Single co-investment |
| J.P. Morgan Growth Equity Partners | 1 | Single co-investment |
| BoxGroup | 1 | Single co-investment |
| Mantis VC | 1 | Single co-investment |
| Jack Altman | 1 | Single co-investment |
| Evantic | 1 | Single co-investment |
| Positive Sum | 1 | Single co-investment |
| Index Ventures | 1 | Single co-investment |
| First Round Capital | 1 | Single co-investment |
| Spark Capital | 1 | Single co-investment |
| Terrain Capital | 1 | Single co-investment |
| Basis Set Ventures | 1 | Single co-investment |
| Tobias Lütke | 1 | Single co-investment |
| Notable Capital | 1 | Single co-investment |
| Sydney Sweeney | 1 | Single co-investment |
| Paris Hilton | 1 | Single co-investment |
| Priyanka Chopra Jonas | 1 | Single co-investment |
| Khloé Kardashian | 1 | Single co-investment |
| Jessica Alba | 1 | Single co-investment |
| Mindy Kaling | 1 | Single co-investment |
| Alix Earle | 1 | Single co-investment |
| Karlie Kloss | 1 | Single co-investment |
| Alexandre Arnault | 1 | Single co-investment |
| Halsey | 1 | Single co-investment |
| Ice Spice | 1 | Single co-investment |
| Ashley Graham | 1 | Single co-investment |
| Bobbi Brown | 1 | Single co-investment |
| Rachel Zoe | 1 | Single co-investment |
| Leila Hormozi | 1 | Single co-investment |
| Winnie Harlow | 1 | Single co-investment |
| Vlad Tenev | 1 | Single co-investment |
| Naomi Gleit | 1 | Single co-investment |
| Mellody Hobson | 1 | Single co-investment |
| Charles Porch | 1 | Single co-investment |
| Mati Staniszewski | 1 | Single co-investment |
| ICONIQ | 1 | Single co-investment |
| GIC | 1 | Single co-investment |
| Ontario Teachers’ Pension Plan | 1 | Single co-investment |
| Goldman Sachs Alternatives | 1 | Single co-investment |
| D.E. Shaw | 1 | Single co-investment |
| Morgan Stanley Investment Management | 1 | Single co-investment |
| Generation Investment Management | 1 | Single co-investment |
| BroadLight Capital | 1 | Single co-investment |
| D1 Capital Partners | 1 | Single co-investment |
| T. Rowe Price | 1 | Single co-investment |
| 137 Ventures | 1 | Single co-investment |
| Coatue Management | 1 | Single co-investment |
| Infinite Capital | 1 | Single co-investment |
| Ribbit Capital | 1 | Single co-investment |
| Bedrock Capital | 1 | Single co-investment |
| Jeff Bezos | 1 | Single co-investment |
| Altimeter Capital | 1 | Single co-investment |
| Accel | 1 | Single co-investment |
| XYZ Venture Capital | 1 | Single co-investment |
| 8VC | 1 | Single co-investment |
| SV Angel | 1 | Single co-investment |
| Felicis Ventures | 1 | Single co-investment |
Co-investment patterns reveal the strategic networks that shape AI deal flow. Frequent co-investors often indicate shared investment theses and trusted relationships that accelerate due diligence and deal execution.
Deal Timeline
A chronological view of Khosla Ventures's tracked AI investments:
- Jan 15, 2024 — Seed in Sakana AI: $30M (Participant)
- Apr 10, 2024 — Series B in Collaborative Robotics: $100M (Participant)
- Apr 17, 2024 — Series D Extension in Ramp: $150M (Lead)
- Aug 12, 2024 — Series D in Glean: $200M (Lead)
- Oct 2, 2024 — Series D in OpenAI: $6.6B at $157.0B valuation (Participant)
- Nov 4, 2024 — Series A in Physical Intelligence: $400M at $2.4B valuation (Participant)
- Jul 1, 2025 — Seed in Genesis AI: $105M (Participant)
- Aug 20, 2025 — Series B in Field AI: $405M at $2.0B valuation (Lead)
- Nov 20, 2025 — Series B in Sakana AI: $300M (Lead)
- Jan 5, 2026 — Series C in Replit: $200M (Participant)
- Jan 28, 2026 — Series C in Waabi: $750M at $3.0B valuation (Lead)
- Feb 10, 2026 — Series E in Glean: $260M at $4.6B valuation (Lead)
- Mar 11, 2026 — Series A in Rhoda: $450M (Lead)
- Apr 15, 2026 — Undisclosed in Glydways: $170M (Lead)
- Apr 16, 2026 — Undisclosed in Factory: $150M at $1.5B valuation (Lead)
- Apr 29, 2026 — Series D in Rogo: $160M (Participant)
- Apr 29, 2026 — Series B in Parallel Web Systems: $100M (Participant)
- May 14, 2026 — Seed in Synthetic: $10M (Lead)
- Jun 2, 2026 — Series A in Phia: $36M (Lead)
- Jun 5, 2026 — Series F in Ramp: $750M (Participant)
- Jun 5, 2026 — Series C in Mach Industries: $300M at $1.8B valuation (Participant)
- Jun 17, 2026 — Seed in Pramaana Labs: $27M (Lead)
- Jun 17, 2026 — Seed in Clair Health: $12M (Lead)
- Jun 25, 2026 — Undisclosed in General Intuition: $300M at $2.3B valuation (Participant)
- Jul 20, 2026 — Undisclosed in Twenty: $30M (Lead)
- Oct 20, 2026 — Series A in Arda: $160M at $1.5B valuation (Lead)
Investment cadence reflects both market conditions and the firm's conviction in AI as a generational platform shift. The pace of deployment has accelerated as AI companies demonstrate commercial traction.
Lead vs Participation Analysis
As of November 2026, of Khosla Ventures's 26 tracked AI deals:
- Lead Investor: 15 deal(s) (58%)
- Participant: 11 deal(s) (42%)
Deals Where Khosla Ventures Led
- Ramp Series D Extension: $150M (Apr 17, 2024)
- Glean Series D: $200M (Aug 12, 2024)
- Field AI Series B: $405M (Aug 20, 2025)
- Sakana AI Series B: $300M (Nov 20, 2025)
- Waabi Series C: $750M (Jan 28, 2026)
- Glean Series E: $260M (Feb 10, 2026)
- Rhoda Series A: $450M (Mar 11, 2026)
- Glydways Undisclosed: $170M (Apr 15, 2026)
- Factory Undisclosed: $150M (Apr 16, 2026)
- Synthetic Seed: $10M (May 14, 2026)
- Phia Series A: $36M (Jun 2, 2026)
- Pramaana Labs Seed: $27M (Jun 17, 2026)
- Clair Health Seed: $12M (Jun 17, 2026)
- Twenty Undisclosed: $30M (Jul 20, 2026)
- Arda Series A: $160M (Oct 20, 2026)
Deals Where Khosla Ventures Participated
- Sakana AI Seed: $30M (Jan 15, 2024)
- Collaborative Robotics Series B: $100M (Apr 10, 2024)
- OpenAI Series D: $6.6B (Oct 2, 2024)
- Physical Intelligence Series A: $400M (Nov 4, 2024)
- Genesis AI Seed: $105M (Jul 1, 2025)
- Replit Series C: $200M (Jan 5, 2026)
- Rogo Series D: $160M (Apr 29, 2026)
- Parallel Web Systems Series B: $100M (Apr 29, 2026)
- Ramp Series F: $750M (Jun 5, 2026)
- Mach Industries Series C: $300M (Jun 5, 2026)
- General Intuition Undisclosed: $300M (Jun 25, 2026)
The balance between lead and participation roles provides insight into the investor's conviction level and typical deal role. Leading rounds typically signals highest conviction and a desire to secure board seats and governance rights.
Notable Deals
The largest rounds that Khosla Ventures participated in:
1. OpenAI — Series D ($6.6B)
- Date: Oct 2, 2024
- Valuation: $157.0B
- Role: Participant
- Sector: Foundation Models & AGI
- Details: Record-breaking round led by Thrive Capital at $157B valuation, with participation from Microsoft, NVIDIA, and SoftBank.
2. Waabi — Series C ($750M)
- Date: Jan 28, 2026
- Valuation: $3.0B
- Role: Lead Investor
- Sector: AI Robotics
- Details: Khosla leads $750M (plus a $250M Uber milestone commitment) as Waabi expands from driverless trucks into Uber robotaxis.
3. Ramp — Series F ($750M)
- Date: Jun 5, 2026
- Role: Participant
- Sector: AI Fintech
- Details: Ramp raises $750M at $44B as Harvard classmates turn a corporate card into America’s fastest-growing finance platform
4. Rhoda — Series A ($450M)
- Date: Mar 11, 2026
- Role: Lead Investor
- Sector: AI Robotics
- Details: Rhoda raised $450M in a Series A round.
5. Field AI — Series B ($405M)
- Date: Aug 20, 2025
- Valuation: $2.0B
- Role: Lead Investor
- Sector: AI Robotics
- Details: Two consecutive rounds totaling $405M back hardware-agnostic field autonomy for construction, mining, energy, and defense.
These deals represent the investor's highest-conviction bets, each reflecting a thesis about where transformative AI value will be created over the next decade.
Frequently Asked Questions
How many AI companies has Khosla Ventures invested in?
As of November 2026, Khosla Ventures had invested in 23 AI companyies tracked by AI Funding: Sakana AI, Collaborative Robotics, Ramp, Glean, OpenAI, Physical Intelligence, Genesis AI, Field AI, Replit, Waabi, Rhoda, Glydways, Factory, Rogo, Parallel Web Systems, Synthetic, Phia, Mach Industries, Pramaana Labs, Clair Health, General Intuition, Twenty, Arda.
What sectors does Khosla Ventures focus on in AI?
Khosla Ventures's most active AI sector is AI Robotics with 7 deal(s). They invest across 11 AI sector(s) in total.
Who does Khosla Ventures co-invest with most often?
Khosla Ventures's most frequent co-investor is Sequoia Capital, having co-invested in 6 deal(s) together.
Has Khosla Ventures led any AI funding rounds?
Yes, as of November 2026, Khosla Ventures had led 15 AI funding round(s), including Ramp's Series D Extension, Glean's Series D, Field AI's Series B, Sakana AI's Series B, Waabi's Series C, Glean's Series E, Rhoda's Series A, Glydways's Undisclosed, Factory's Undisclosed, Synthetic's Seed, Phia's Series A, Pramaana Labs's Seed, Clair Health's Seed, Twenty's Undisclosed, Arda's Series A.
What is the largest AI deal Khosla Ventures has participated in?
The largest tracked round is OpenAI's Series D at $6.6B (Oct 2, 2024).
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