RC

Ray Cheng

Managing Partner at Millennium New Horizons

New York, New York

Overview 

Ray Cheng is the Managing Partner at Millennium New Horizons in New York, overseeing investments in various companies such as Strella Biotechnology, Phantom AI, and Deep Instinct. With a background in venture capital and financial modeling, Ray has successfully led investments in startups at different stages, including Series A and Series C rounds, showcasing a strong track record in identifying and supporting promising ventures.

Work Experience 

  • Managing Partner

    2018 - Current

  • Investor

    2024

XAI is an AI company that develops a platform to accelerate human scientific discovery.

Raised $12,384,679,312.00 from Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, Qatar Investment Authority and CoreNest Capital.

  • Investor

    2024

  • Investor

    2023

  • Investor

    2023

CoreWeave is an AI hyperscaler that delivers a cloud platform managing complexity through automation, and making supercomputing accessible.

Raised $13,418,500,000.00 from Neuberger Berman, Coatue, Macquarie Capital, Fidelity, Pure Storage, Jane Street Capital, Cisco Investments, BlackRock and Magnetar Capital.

  • Investor

    2023

  • Investor

    2023

Distyl AI develops a generative artificial intelligence platform to increase AI readiness and develop comprehensive AI-based solutions.

Raised $27,000,000.00 from Coatue, Khosla Ventures, Lightspeed Venture Partners, Dell Technologies Capital and Nat Friedman.

  • Investor

    2020

    NYSE: JOBY

  • Investor

    2019

  • Investor

    2023

Gori Company specializes in shipping technology and supply chain management system services.

Raised $12,400,000.00 from Symantec Ventures, Millennium Technology Value Partners, KDB Investment, Hearst Ventures, Celeres Investments and Millennium Technology Value Partners.

Articles About Ray

Relevant Websites