# US Innovative Technology Fund (USIT) (slim)

> US Innovative Technology Fund (USIT)'s investments in AI tools on Anchor Terminal, Lambda, with each listing's grade and the founders behind it.

- Full: https://www.anchorterminal.com/investors/us-innovative-technology-fund-usit/index.md (~500 tokens) · this version ~380 tokens · JSON https://www.anchorterminal.com/investors/us-innovative-technology-fund-usit/index.json · canonical https://www.anchorterminal.com/investors/us-innovative-technology-fund-usit/
- Index: https://www.anchorterminal.com/llms.txt · API: https://www.anchorterminal.com/api/v1/index.json · MCP: https://www.anchorterminal.com/mcp · Updated: 2026-10-28
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)

Venture firm.

## Companies on Anchor Terminal

- **Lambda**, Series C, February 2024, Series D, February 2025, Series E, November 2025, led a round
  - [Lambda Cloud](https://www.anchorterminal.com/tools/lambda.md), graded D, 50.1/100
  - Source: https://lambda.ai/blog/lambda-raises-320m-to-build-a-gpu-cloud-for-ai

## Where they invest

- GPU & serverless compute, 1

## Founders they backed

- [Stephen Balaban](https://www.anchorterminal.com/people/stephen-balaban/), Lambda
- [Michael Balaban](https://www.anchorterminal.com/people/michael-balaban/), Lambda

## Questions

### Which AI tools has US Innovative Technology Fund (USIT) invested in?

Anchor Terminal lists Lambda backed by US Innovative Technology Fund (USIT).

### How are US Innovative Technology Fund (USIT)'s companies graded?

On Anchor Terminal's benchmark, Lambda Cloud (D, 50.1).

Investors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source.