About Us

A Fund Built for Applied AI in Regulated Markets.

Perfect Blue Ventures is a fund. Our LPs put up the capital, and we invest it in early-stage founders building applied AI for regulated industries.

Our edge is the seam between AI and regulation. We focus where standards literacy and sector knowledge create durable moats — and where generalist capital tends not to play.

Pelican Autonomy — portfolio company
Portfolio: Pelican Autonomy — autonomous UAV systems for GPS-denied environments.

Investment Mandate

Generate durable returns by backing early-stage applied AI in markets where regulatory rigor and sector specialization compound into defensible moats.

Pelican Autonomy field operations
Pelican Autonomy — defense and industrial deployment.

Thesis

AI + regulated industry. The next decade of consequential AI will land in defense, energy, industrial, healthcare, and anywhere compliance is non-negotiable. Generalist AI plays compete on model quality alone; in regulated markets, standards literacy and sector knowledge create a moat that compounds. We invest in the founders building there.

Auditmap.ai — AI-powered audit platform
Portfolio: Auditmap.ai — AI-powered audit and risk management.

General Partners

The investment team — sourcing deals, deploying capital, and keeping our LPs informed.

Mathieu

Mathieu Lemay

Cofounder

Leads sourcing, deal flow, and LP relations.

Daniel

Dr. Daniel Shapiro

Cofounder

Leads technical due diligence and portfolio engagement.

Founders

Building Applied AI for Regulated Markets?

Raising capital for an applied AI venture in defense, energy, industrial, healthcare, or anything compliance-heavy? We want to hear from you.

Pitch Us

Investors

Allocating to Applied AI?

Looking for sector-specialist exposure to the AI + regulated industry thesis? We accept allocations from qualified LPs.

Investor Inquiries