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  "markdown": "Venture firm.\n\nWebsite: https://variant.fund\n\n## Companies on Anchor Terminal\n\n- **Plastic Labs**, Pre-seed, May 2025, led a round\n  - [Honcho](https://www.anchorterminal.com/tools/honcho.md), graded B, 64.1/100\n  - Source: https://blog.plasticlabs.ai/posts/Launching-Honcho;-The-Personal-Identity-Platform-for-AI\n- **Hyperbolic Labs, Inc.**\n  - [Hyperbolic](https://www.anchorterminal.com/tools/hyperbolic.md), graded D, 48.2/100\n  - Source: https://www.hyperbolic.ai/about-new\n- **Turnkey Global, Inc.**, Series B, June 2025\n  - [Turnkey Agentic Wallets](https://www.anchorterminal.com/tools/turnkey-agentic-wallets.md), graded BB, 76.1/100\n  - Source: https://www.turnkey.com/blog/30m-series-b-to-secure-the-next-era-of-crypto\n\n## Where they invest\n\n- Agent memory, 1\n- GPU \u0026 serverless compute, 1\n- Agent wallets \u0026 spending controls, 1\n\n## Founders they backed\n\n- [Jasper Zhang](https://www.anchorterminal.com/people/jasper-zhang/), Hyperbolic Labs, Inc.\n- [Yuchen Jin](https://www.anchorterminal.com/people/yuchen-jin/), Hyperbolic Labs, Inc.\n- [Bryce Ferguson](https://www.anchorterminal.com/people/bryce-ferguson/), Turnkey Global, Inc.\n- [Jack Kearney](https://www.anchorterminal.com/people/jack-kearney/), Turnkey Global, Inc.\n\n## Questions\n\n### Which AI tools has Variant invested in?\n\nAnchor Terminal lists Plastic Labs, Hyperbolic Labs, Inc. and Turnkey Global, Inc. backed by Variant.\n\n### How are Variant's companies graded?\n\nOn Anchor Terminal's benchmark, Honcho (B, 64.1), Hyperbolic (D, 48.2) and Turnkey Agentic Wallets (BB, 76.1).\n\nInvestors 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. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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