• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
NewslettersTerm Sheet

Jeff Dean, Google’s chief scientist, is quietly betting on the next wave of AI startups

Sharon Goldman
By
Sharon Goldman
Sharon Goldman
AI Reporter
Down Arrow Button Icon
Sharon Goldman
By
Sharon Goldman
Sharon Goldman
AI Reporter
Down Arrow Button Icon
July 22, 2025, 6:58 AM ET
Jeff Dean
Jeff DeanDavid Paul Morris/Bloomberg via Getty Images
Add Fortune on Google for similar content.

Good morning, AI reporter Sharon Goldman in for Allie Garfinkle, who is taking a well-deserved vacation!

Recommended Video

One familiar name keeps popping up in my inbox lately—but not in the way you might expect. Amid the flood of pitches touting hot new AI startups, I keep seeing Jeff Dean. Yes, that Jeff Dean: Google’s chief scientist and longtime AI leader.

Best known for cofounding Google Brain and leading the company’s AI research since the early days of deep learning, Dean has also emerged as a prolific angel investor. Over the past two years, he’s quietly backed a whopping 37 AI startups—including Perplexity, DatologyAI, Emerald AI, Workhelix, Roboflow, Profluent Bio, Sakana AI, Latent Labs, P-1, World Labs, and Yutori. Most of his investments are early stage—often before Series A—when companies are still in stealth or just emerging from research labs. For example, Dean was involved in legal AI startup Harvey’s seed round. 

Dean joined Google X in 2011 to explore the then-resurgent field of deep neural networks, went on to lead Google Brain in 2012, and in 2018 was named head of Google’s AI division. Today, he holds the title of chief scientist at both Google Research and Google DeepMind, the combined AI powerhouse formed in 2023.

But he’s no newcomer to angel investing. As early as 2016, he backed Poplar Homes, a tech-enabled property management company acquired by Evernest in early 2025. By 2022, he already had dozens of investments under his belt.

Over the past two years, though, Dean’s investment activity has taken on a clear shape—reflecting both his deep technical roots and his vision for where AI is heading. He’s backing startups building core AI tooling, particularly those focused on developer platforms, LLM infrastructure, and training efficiency. He’s also betting on a new generation of applications built natively for the LLM era, even if they are outside the Google ecosystem.

Another clear theme: AI for science. Dean has backed companies applying AI to problems in biology, chemistry, and genomics. It’s a natural extension of the “AI for scientific discovery” thread he championed during his time at both Google Brain and DeepMind—most notably with AlphaFold, DeepMind’s groundbreaking system for predicting protein structures, which has become a cornerstone of modern computational biology.

Finally, Dean is consistently backing deeply technical founding teams, often with academic pedigrees or open-source credentials. Many are led by former researchers from Google, DeepMind, OpenAI, or top universities. Yutori’s three cofounders, for example, all came from Meta but were also formerly researchers and faculty at Georgia Tech.

Interestingly, some of Dean’s bets are in areas that overlap—or even compete—with Google’s core business. Perplexity, for example, challenges Google Search. Dean, therefore, is surprisingly independent in his investing,  even while he continues to hold one of the most senior AI roles inside Google.

“He’s been just incredibly active,” said Dylan Reid, a partner at Zetta Venture Partners, which has invested in three bio+AI companies with Dean. “He’s a real legend in AI, and a sort of AI guru at Google.” 

That means his name brings cachet: “Having somebody like Jeff as an investor—an AI visionary on your cap table—I think it helps for sure,” Reid added. “It’s a sign that somebody in really advanced technology has looked at this and decided it’s interesting.”

Sharon Goldman
X: @sharongoldman
Email: sharon.goldman@fortune.com
Submit a deal for the Term Sheet newsletter here.

Joe Abrams curated the deals section of today’s newsletter. Subscribe here.

Venture Deals

- Xelix, a New York City-based developer of AI software in the accounts payable space, raised $160 million in Series B funding. Insight Partners led the round and was joined by Passion Capital and LocalGlobe.

- Radical AI, a New York City-based developer of autonomous labs for materials R&D, raised $55 million in a seed round. RTX Ventures led the round and was joined by Nvidia, Alleycorp, and others.

- Rune Technologies, an Arlington, Va.-based developer of AI-enabled predictive software for military logistics, raised $24 million in Series A funding. Human Capital led the round and was joined by Pax VC, Washington Harbour Partners, and existing investors. 

- Nexxa.ai, a Sunnyvale, Calif.-based company developing AI technology for industrial companies, raised $4.4 million in pre-seed funding. A16z speedrun led the round and was joined by Augment Ventures, Propeller Ventures, Plug and Play, and others. 

- Crew, a Phoenix, Ariz.-based home services platform designed for short-term rental owners, raised $3 million in seed funding. RET Ventures led the round and was joined by Tandem Ventures, Element Ventures, Forever 6, and Convoi Ventures.

- Leadstory, a New York City-based news streaming and aggregation platform, raised $2.8 million in seed funding. Checker Media led the round and was joined by American Public Media Group’s Horizon Fund and existing investors. 

- Chipp, a Fargo, N.D.-based no-code AI agent builder, raised $2 million in funding. Homegrown Ventures led the round and was joined by M25, gener8tor 1889, Cambrian Ventures, and Jutta Steiner.

Private Equity

- A consortium of investors led by Goldman Sachs Alternatives agreed to acquire a majority stake in NAVEX, an Oswego, Ore.-based developer of SaaS for ethics, risk, and compliance management, from BC Partners. Financial terms were not disclosed.

- Darktrace, a portfolio company of Thoma Bravo, acquired Mira Security, a Harmony, Pa.-based provider of network traffic visibility solutions. Financial terms were not disclosed.

- LongRange Capital acquired US Synthetic Corporation, an Orem, Utah-based provider of highly engineered polycrystalline diamond (PCD) technologies, from ChampionX Corporation. 

Funds + Funds of Funds

- Omega Funds, a Boston, Ma.-based venture capital firm, raised $647 million for its eighth fund focused on investing in life sciences companies addressing unmet medical needs.

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers in venture capital and private equity. Sign up for free.
About the Author
Sharon Goldman
By Sharon GoldmanAI Reporter
LinkedIn icon

Sharon Goldman is an AI reporter at Fortune and co-authors Eye on AI, Fortune’s flagship AI newsletter. She has written about digital and enterprise tech for over a decade.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

Exclusive: Hera raises $27 million to tackle the unpaid caregiving that falls on daughters of the sandwich generation
NewslettersMPW Daily
Exclusive: Hera raises $27 million to tackle the unpaid caregiving that falls on daughters of the sandwich generation
By Emma HinchliffeJune 25, 2026
13 hours ago
VivaTech entrance in Paris.
NewslettersEye on AI
Europe’s AI wake-up call: Cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
By Beatrice NolanJune 25, 2026
15 hours ago
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
NewslettersTerm Sheet
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
By Allie GarfinkleJune 25, 2026
19 hours ago
A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
NewslettersCEO Daily
A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
By Claire ZillmanJune 25, 2026
19 hours ago
OpenAI CEO Sam Altman (left) and Broadcom CEO Hock Tan holding their new AI chip, “Jalapeño.” (Photo courtesy OpenAI)
NewslettersFortune Tech
OpenAI and Broadcom’s AI chip has a name: Jalapeño
By Andrew NuscaJune 25, 2026
19 hours ago
How Home Depot is rebuilding retailing with AI
NewslettersCIO Intelligence
How Home Depot is rebuilding retailing with AI
By John KellJune 24, 2026
1 day ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
22 hours ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
2 days ago
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Success
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
By Orianna Rosa RoyleJune 25, 2026
22 hours ago
Current price of silver as of Thursday, June 25, 2026
Personal Finance
Current price of silver as of Thursday, June 25, 2026
By Joseph HostetlerJune 25, 2026
16 hours ago
Current price of oil as of June 25, 2026
Personal Finance
Current price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
16 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.