# Vermillion Cliffs Ventures (slim)

> Vermillion Cliffs Ventures's investments in AI tools on Anchor Terminal, Keycard Labs, with each listing's grade and the founders behind it.

- Full: https://www.anchorterminal.com/investors/vermillion-cliffs-ventures/index.md (~500 tokens) · this version ~380 tokens · JSON https://www.anchorterminal.com/investors/vermillion-cliffs-ventures/index.json · canonical https://www.anchorterminal.com/investors/vermillion-cliffs-ventures/
- Index: https://www.anchorterminal.com/llms.txt · API: https://www.anchorterminal.com/api/v1/index.json · MCP: https://www.anchorterminal.com/mcp · Updated: 2026-10-29
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)

Venture firm.

Website: https://www.vermilion.fund

## Companies on Anchor Terminal

- **Keycard Labs**, Inception round, October 2025
  - [Keycard](https://www.anchorterminal.com/tools/keycard.md), graded C, 56.3/100
  - Source: https://www.keycard.ai/blog/the-federated-trust-fabric-for-the-agent-native-era/

## Where they invest

- Agent auth & delegated access, 1

## Founders they backed

- [Ian Livingstone](https://www.anchorterminal.com/people/ian-livingstone/), Keycard Labs
- [Jared Hanson](https://www.anchorterminal.com/people/jared-hanson/), Keycard Labs
- [Matthew Creager](https://www.anchorterminal.com/people/matthew-creager/), Keycard Labs

## Questions

### Which AI tools has Vermillion Cliffs Ventures invested in?

Anchor Terminal lists Keycard Labs backed by Vermillion Cliffs Ventures.

### How are Vermillion Cliffs Ventures's companies graded?

On Anchor Terminal's benchmark, Keycard (C, 56.3).

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.