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Key people at Comet Labs.
Comet Labs is a venture capital fund and incubator based in San Francisco, California, as well as Beijing, China, that invests in early-stage artificial intelligence and robotics startups. Operating as a subsidiary of the investment firm Legend Star, the organization focuses on integrating advanced automation technologies into traditional global industries, specifically targeting sectors such as healthcare, agriculture, construction, transportation, and retail. To support its growing portfolio, the firm provides financial capital and strategic operational resources through specialized laboratory programs, participating in equity investments ranging from initial seed stages through Series B venture funding rounds. Throughout its operational history, the firm has built a diverse portfolio of specialized hardware and software companies, backing notable technology startups including 3scan, Abundant Robotics, AirMap, and Iron Ox. Comet Labs was founded in 2015 by Mingyao Wang and partner Lucas Wang.
Comet Labs is a San Francisco-based venture capital fund and incubator founded in 2015 that invests in and supports early-stage startups focused on artificial intelligence (AI) and robotics. Its mission is to back teams transforming industries through intelligent machines, aiming to unlock human potential by rethinking and rebuilding traditional businesses with AI and robotics technologies. The firm primarily invests in seed to Series A stages across sectors including robotics, hardware, software, machine learning, drones, and AI-driven applications, supporting around 40 startups with a track record of multiple successful exits[2][5][6].
Founded by key partners including Chairman Mingyao Wang and Managing Partner Lucas Wang, Comet Labs has evolved as a specialized fund dedicated to deep technology and intelligent machines. It provides not only capital but also operational support and industry guidance to help startups scale and innovate. The firm’s investment philosophy centers on identifying and nurturing companies that leverage AI and robotics to create significant industry impact, emphasizing early-stage ventures that demonstrate potential for transformative growth[2][4][5].
Comet Labs rides the accelerating trend of AI and robotics integration across industries, capitalizing on the increasing demand for intelligent automation and machine learning solutions. The timing is critical as advancements in AI algorithms, sensor technologies, and hardware capabilities converge, creating fertile ground for startups to disrupt traditional sectors. By investing early in this space, Comet Labs influences the ecosystem by fostering innovation, encouraging collaboration, and helping build the next generation of intelligent machines that can augment human capabilities and efficiency[2][5][7].
Looking ahead, Comet Labs is poised to deepen its influence as AI and robotics continue to permeate diverse industries such as manufacturing, healthcare, logistics, and consumer products. Emerging trends like RISC-V chip design and edge AI present new frontiers for investment and innovation. The firm’s continued focus on early-stage ventures and cross-border expansion, particularly between the U.S. and China, positions it well to capitalize on evolving market dynamics and technological breakthroughs. Comet Labs will likely remain a key catalyst in shaping the intelligent machines ecosystem, driving both technological progress and economic impact[5][7].
Key people at Comet Labs.
Comet Labs has 8 tracked investments across 7 companies. The latest tracked deal is $2.0M Seed in Preteckt in March 2019.
