Yann LeCun joins new VC firm backed by 244 LPs

Yann LeCun, known as the 'AI godfather', has joined a new venture capital firm called 224 Ventures, which will focus on investing in AI startups. LeCun, who is also the founder of AMI Labs, a Paris-based world models startup, has secured $1 billion in funding. The firm, which has $100 million in assets under management, plans to invest between $1 million to $5 million in AI-native teams.

The firm's Limited Partners (LPs) are primarily AI operators. 224 Ventures is led by LeCun, along with Google DeepMind researcher Oriol Vinyals and AIX Ventures founder Shaun Johnson. The firm's privacy policy references Californian laws, but the location of the fund is not specified. This new venture comes a month after Sifted exclusively reported that LeCun had launched Extelligence Invest, a fund he later quit due to exclusive relationships with other funds.