In the bustling world of technology and innovation, a new player has entered the game and it comes with a familiar name: Jared Kushner. Best known as President Donald Trump’s son-in-law, Kushner has recently co-founded a startup called Brain Co., aimed at helping businesses and governments effectively implement artificial intelligence (AI) solutions into their operations. Alongside tech investor Eli Gil and former Mexican foreign minister Luis Videgaray, Brain Co. is shaking things up with big ambitions and even bigger investments.
Founded in 2024, Brain Co. has already made headlines by raising a hefty $30 million in its series A funding round. The investment was led by Kushner’s own private equity firm, Affinity Partners, and Gil’s firm, Gil Capital. This startup is not only backed by Kushner’s financial resources but also by a crew of billionaire investors, including heavyweights like Brian Armstrong, the CEO of Coinbase, and Patrick Collison, the CEO of Stripe. It’s like the popular kid at school throwing a party and inviting all the right people.
Brain Co. has quickly positioned itself as a solution for corporations overwhelmed by the rapid advancements in AI technology. In an age where a recent study revealed that 95% of generative AI pilot programs fail, businesses are turning to management consulting firms for guidance. However, Brain Co. aims to cut out the middleman by directly creating customized applications for various industries. They are already working with some of the largest companies in the world, including auction houses and private equity giants, proving they mean serious business.
What sets Brain Co. apart from the competition is its strategic partnership with OpenAI, the creators of the well-known ChatGPT. With around 40 employees working out of San Francisco, the company has developed applications that tackle a wide array of tasks—from improving hotel booking systems to optimizing energy use in industrial plants. The key focus of Brain Co. is to bridge the “gap” between foundational AI models and the real-world needs of businesses, helping them navigate the complex AI landscape with ease.
Interestingly, Brain Co. does not plan to specialize in just one particular industry. Its CEO, Clemens Mewald, has pointed out that many sectors face similar technological challenges. Whether it’s handling construction permits or insurance claims, the fundamental processes often require the same AI capabilities. This allows Brain Co. to be versatile, addressing multiple sectors with tailored solutions that can cross over seamlessly.
As Jared Kushner dives into this new venture, it is not just a family affair; it’s a strategic move in a rapidly evolving tech landscape. The partnership with experienced investors and a strong team highlights Brain Co.’s commitment to making AI work for businesses and governments alike. With its ambitious plans and growing support, Brain Co. is ready to ride the wave of AI innovation, and who knows? It might just help reshape the future of how industries operate, one algorithm at a time!
