Every platform shift in computing rewards the companies built natively for the new paradigm. Most of the companies that will define this one are still being founded. Nazaré exists to back them early.
The AI-native stack is being built from the ground up. We invest in the infrastructure, tooling, and applications that make agentic intelligence possible.
The raw substrate—GPU markets, provable inference, neoclouds, and decentralized training. The next hyperscalers will be born here.
Memory, identity, tool-use, verification. The middleware layer that turns LLMs into autonomous workers.
Sovereign AI, open weights, permissionless innovation. We back the companies building the decentralized alternative to walled-garden AI.
PhD Machine Learning, Cambridge, 1997. Isaac Newton Prize. NASA Ames. Co-founder RPX Corporation (IPO NASDAQ 2011). Managing Director at Fortress. Partner at Pantera Capital — led Circle's Series A in 2013. Co-founder and CEO of Orchid Labs, seed at $30M FDV, peak $1B FDV. Venture Partner at Fabric Ventures. 30 years finding the systems layer before the application layer is obvious.
