Steel Perlot
Industry Focus
Geographic Focus
Steel Perlot is a deep tech venture studio and investment firm founded in 2020 that builds and invests in globally scalable AI- and analytics-driven platform businesses. The organization operates as a hybrid model combining venture capital investment, quantitative asset management, and an incubation arm. Steel Perlot positions itself as an engine for repeatable innovation, building sustainable businesses with product-market fit while wedding talent and output by accelerating ideas through funding and connections with industry experts, investors, and entrepreneurs. The firm focuses on solving the world's most technical problems across four primary verticals: disruptive finance/Web3, artificial intelligence, synthetic biology, and physical sciences (including quantum, chips, and energy). Steel Perlot Technologies (SPT) serves as the foundational core building sustainable businesses, while Steel Perlot Foundation (SPF) accelerates ideas through funding and connections. Founded by Michelle Ritter with former Google CEO Eric Schmidt serving as executive chairman and reportedly investing $100 million, the organization has faced significant operational and financial challenges, including reported difficulties meeting payroll and public controversies surrounding its leadership structure. Despite these challenges, Steel Perlot has invested at least $20 million into over a dozen startups and incubated multiple ventures across AI, blockchain, fintech, and life sciences sectors.
2020
13 Companies
2
3X Higher