AA

Aal VC — Seed & Series A VC Firm

VC
Profile updated October 2026Website

Aal VC is a Seed, Series A venture capital firm investing in AI / ML, Developer Tools. The firm has 35 portfolio companies in our records.

Portfolio
35 companies on record
Partners
5 listed
AUM
$500M
Stage
Seed, Series A
Sectors
AI / ML, Developer Tools
Check size
Not in our records

Last verified: 2026-10-26

How to approach: cold outreach ok
Stage

Seed, Series A

AUM

$500M

Portfolio

35+ companies

Team

5 partners

Investment Thesis

Invests in deeply technical founders building in AI, data, infrastructure, developer tools, and open source across the US and Europe. Strong candidate for technically complex, agentic IDE software.

How Aal VC invests

Aal VC is a vc firm. The firm invests at the Seed, Series A stages, with a focus on AI / ML, Developer Tools.

Aal VC manages approximately $500M in assets. Our records include 3 funds raised by the firm.

Aal VC has backed 35 companies in our records, including Higgsfield, Etched, CentML.

Partners & Team

RC

Roman Chernin

Partner Emeritus

Co-founder and Chief Business Officer of Nebius. Previously spent 12 years developing digital services at Yandex, including Search and Maps.

EM

Eugene Mikhaylov

General Partner

Co-founder of SKL VC and CAIA charterholder. Former investor at IIDF, CFO/COO at Yellow Images, and financial services auditor at PwC.

U

Unknown

GP

AI
Developer Tools
Open Source
DS

Dmitry Stepanov

General Partner

Managing Partner at Yango Ventures. Previously led marketing, new product development, and the Armenian office at Yandex.

AV

Ash Vardanian

General Partner

Founder of Unum Cloud and creator of USearch. Builds AI infrastructure in C++, CUDA, and Assembly, and hosts Systems meetups.

Industry Focus

Invests In

AI / ML
Developer Tools

Funds

Fund III

$250M2020
actively investing

Fund II

$150M2018
actively investing

Fund I

$100M2015
fully deployed

Recent Activity

Raised Fund III ($250M)

2020 · fund records

Raised Fund II ($150M)

2018 · fund records

Raised Fund I ($100M)

2015 · fund records

Portfolio Companies (35)

Other

HI

Higgsfield

An AI creative suite for generating and editing images, video, and audio, with dedicated tools for filmmaking and marketing production.

ET

Etched

AI inference clusters with chips, racks, and software designed together to run frontier models with lower latency and power consumption.

CE

CentML

Machine learning compilers and an inference platform for deploying AI models and improving hardware utilization.

RE

Recraft

AI design tools for generating and editing images and vectors, with control over visual style, composition, and brand consistency.

LA

Latent Labs

Generative models for designing proteins and antibodies, giving researchers computational tools to explore new molecules for therapeutic development.

NE

Netris

Network automation for GPU clouds and data centers, with software-defined networking and tenant isolation for shared AI infrastructure.

ZM

ZML

An open-source inference stack for running AI models across heterogeneous hardware, built to take advantage of different chips and architectures.

MO

Mostik

A protocol for models to run inference together by exchanging internal representations in latent space, combining their capabilities within one response.

AL

AlgoX2

A data streaming platform for ingesting, processing, and distributing live data, designed for workloads that need high throughput and low latency.

EM

Emma

Cloud management across providers, bringing infrastructure provisioning, orchestration, and cost visibility into a single platform.

How to pitch Aal VC
  • •Raising at Seed, Series A? You're squarely in their sweet spot.
  • •Lead with your fit in AI / ML, Developer Tools — the sectors they actively back.
  • •cold outreach ok
  • •Address your outreach to a specific partner, such as Roman Chernin, Partner Emeritus.
  • •A warm introduction beats a cold email. Get matched and request an intro.

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