Research

Research

Research

Research

Follow the latest research and insights from the Leonis team.

Follow the latest research and insights from the Leonis team.

Follow the latest research and insights from the Leonis team.

Jul 16, 2025

Investing in Orchids: Building Beautiful Apps and Websites with AI

Orchids is the first AI app and website maker that creates apps and sites that don't look and feel "AI generated".

Jul 16, 2025

Investing in Orchids: Building Beautiful Apps and Websites with AI

Orchids is the first AI app and website maker that creates apps and sites that don't look and feel "AI generated".

Jul 16, 2025

Investing in Orchids: Building Beautiful Apps and Websites with AI

Orchids is the first AI app and website maker that creates apps and sites that don't look and feel "AI generated".

Jul 16, 2025

Investing in Orchids: Building Beautiful Apps and Websites with AI

Orchids is the first AI app and website maker that creates apps and sites that don't look and feel "AI generated".

Jun 30, 2025

Partnering with QualGent: The World’s First Mobile AI Agent for QA Testing

Leonis is leading QualGent's Seed round, supporting their vision to fully automate mobile QA

Jun 30, 2025

Partnering with QualGent: The World’s First Mobile AI Agent for QA Testing

Leonis is leading QualGent's Seed round, supporting their vision to fully automate mobile QA

Jun 30, 2025

Partnering with QualGent: The World’s First Mobile AI Agent for QA Testing

Leonis is leading QualGent's Seed round, supporting their vision to fully automate mobile QA

Jun 30, 2025

Partnering with QualGent: The World’s First Mobile AI Agent for QA Testing

Leonis is leading QualGent's Seed round, supporting their vision to fully automate mobile QA

Jun 24, 2025

MCPs: Value Creation, Capture, and Destruction—Lessons from the API Era

Why Most MCP Startups Will Die (and Who Won’t)

Jun 24, 2025

MCPs: Value Creation, Capture, and Destruction—Lessons from the API Era

Why Most MCP Startups Will Die (and Who Won’t)

Jun 24, 2025

MCPs: Value Creation, Capture, and Destruction—Lessons from the API Era

Why Most MCP Startups Will Die (and Who Won’t)

Jun 24, 2025

MCPs: Value Creation, Capture, and Destruction—Lessons from the API Era

Why Most MCP Startups Will Die (and Who Won’t)

May 29, 2025

Goldmines or Graveyards? The Divergent Fate of AI Developer Tools

Our latest insight decks on technological and market trends.

May 29, 2025

Goldmines or Graveyards? The Divergent Fate of AI Developer Tools

Our latest insight decks on technological and market trends.

May 29, 2025

Goldmines or Graveyards? The Divergent Fate of AI Developer Tools

Our latest insight decks on technological and market trends.

May 29, 2025

Goldmines or Graveyards? The Divergent Fate of AI Developer Tools

Our latest insight decks on technological and market trends.

Apr 22, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part II: AI Applications)

Why Vertical AI Apps Will Survive (But Horizontal Ones Might Collapse to Zero)

Apr 22, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part II: AI Applications)

Why Vertical AI Apps Will Survive (But Horizontal Ones Might Collapse to Zero)

Apr 22, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part II: AI Applications)

Why Vertical AI Apps Will Survive (But Horizontal Ones Might Collapse to Zero)

Apr 22, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part II: AI Applications)

Why Vertical AI Apps Will Survive (But Horizontal Ones Might Collapse to Zero)

Apr 16, 2025

Partnering with Onlook: Design at the Speed of AI

Onlook is building the open-source Cursor for designers.

Apr 16, 2025

Partnering with Onlook: Design at the Speed of AI

Onlook is building the open-source Cursor for designers.

Apr 16, 2025

Partnering with Onlook: Design at the Speed of AI

Onlook is building the open-source Cursor for designers.

Apr 16, 2025

Partnering with Onlook: Design at the Speed of AI

Onlook is building the open-source Cursor for designers.

Mar 25, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part I: Foundation Models)

Why OpenAI Isn't Worth $300B (And Most AI Companies Are Worth Zero)

Mar 25, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part I: Foundation Models)

Why OpenAI Isn't Worth $300B (And Most AI Companies Are Worth Zero)

Mar 25, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part I: Foundation Models)

Why OpenAI Isn't Worth $300B (And Most AI Companies Are Worth Zero)

Mar 25, 2025

Zero or Hero: A Technical Framework for Valuing AI Companies (Part I: Foundation Models)

Why OpenAI Isn't Worth $300B (And Most AI Companies Are Worth Zero)

Feb 5, 2025

DeepSeek: A Technical and Strategic Analysis for VCs and Startups

A technical deep-dive into DeepSeek's AI breakthroughs and their implications for startup strategy in 2025.

Feb 5, 2025

DeepSeek: A Technical and Strategic Analysis for VCs and Startups

A technical deep-dive into DeepSeek's AI breakthroughs and their implications for startup strategy in 2025.

Feb 5, 2025

DeepSeek: A Technical and Strategic Analysis for VCs and Startups

A technical deep-dive into DeepSeek's AI breakthroughs and their implications for startup strategy in 2025.

Feb 5, 2025

DeepSeek: A Technical and Strategic Analysis for VCs and Startups

A technical deep-dive into DeepSeek's AI breakthroughs and their implications for startup strategy in 2025.

Jan 27, 2025

The State of AI in 2025

2024 Recap and 2025 Predictions: Scale vs. Efficiency at AI’s Crossroads

Jan 27, 2025

The State of AI in 2025

2024 Recap and 2025 Predictions: Scale vs. Efficiency at AI’s Crossroads

Jan 27, 2025

The State of AI in 2025

2024 Recap and 2025 Predictions: Scale vs. Efficiency at AI’s Crossroads

Jan 27, 2025

The State of AI in 2025

2024 Recap and 2025 Predictions: Scale vs. Efficiency at AI’s Crossroads

May 22, 2024

Beyond LLM Wrappers: Why AI-First Enterprise SaaS Are the Next Big Bet

Our take on how enterprise SaaS will evolve in the AI 2.0 era.

May 22, 2024

Beyond LLM Wrappers: Why AI-First Enterprise SaaS Are the Next Big Bet

Our take on how enterprise SaaS will evolve in the AI 2.0 era.

May 22, 2024

Beyond LLM Wrappers: Why AI-First Enterprise SaaS Are the Next Big Bet

Our take on how enterprise SaaS will evolve in the AI 2.0 era.

May 22, 2024

Beyond LLM Wrappers: Why AI-First Enterprise SaaS Are the Next Big Bet

Our take on how enterprise SaaS will evolve in the AI 2.0 era.

Apr 29, 2024

Our Investment in Yarn: Using AI to Transform Video Creation Workflows

Apr 29, 2024

Our Investment in Yarn: Using AI to Transform Video Creation Workflows

Apr 29, 2024

Our Investment in Yarn: Using AI to Transform Video Creation Workflows

Apr 29, 2024

Our Investment in Yarn: Using AI to Transform Video Creation Workflows

Feb 29, 2024

Video Generation at Scale: Breaking Down Sora's Cost and Compute Requirements

SOTA video-generation models decoded.

Feb 29, 2024

Video Generation at Scale: Breaking Down Sora's Cost and Compute Requirements

SOTA video-generation models decoded.

Feb 29, 2024

Video Generation at Scale: Breaking Down Sora's Cost and Compute Requirements

SOTA video-generation models decoded.

Feb 29, 2024

Video Generation at Scale: Breaking Down Sora's Cost and Compute Requirements

SOTA video-generation models decoded.

Jan 24, 2024

The State of AI in 2024

Our review of AI progress in 2023 and predictions for 2024.

Jan 24, 2024

The State of AI in 2024

Our review of AI progress in 2023 and predictions for 2024.

Jan 24, 2024

The State of AI in 2024

Our review of AI progress in 2023 and predictions for 2024.

Jan 24, 2024

The State of AI in 2024

Our review of AI progress in 2023 and predictions for 2024.

Jan 5, 2024

Leonis Capital Joins Nvidia VC Alliance

Jan 5, 2024

Leonis Capital Joins Nvidia VC Alliance

Jan 5, 2024

Leonis Capital Joins Nvidia VC Alliance

Jan 5, 2024

Leonis Capital Joins Nvidia VC Alliance

Oct 25, 2023

AI Agents and the Future of Software

Why we think the next generation of software will be powered by AI agents.

Oct 25, 2023

AI Agents and the Future of Software

Why we think the next generation of software will be powered by AI agents.

Oct 25, 2023

AI Agents and the Future of Software

Why we think the next generation of software will be powered by AI agents.

Oct 25, 2023

AI Agents and the Future of Software

Why we think the next generation of software will be powered by AI agents.

Aug 10, 2023

Demystifying the LLM Tech Stack (Part III: The Application Layer)

How to build an application-layer LLM company with a solid tech stack.

Aug 10, 2023

Demystifying the LLM Tech Stack (Part III: The Application Layer)

How to build an application-layer LLM company with a solid tech stack.

Aug 10, 2023

Demystifying the LLM Tech Stack (Part III: The Application Layer)

How to build an application-layer LLM company with a solid tech stack.

Aug 10, 2023

Demystifying the LLM Tech Stack (Part III: The Application Layer)

How to build an application-layer LLM company with a solid tech stack.

Jul 25, 2023

Demystifying the LLM Tech Stack (Part II: The Middle Layer)

What LLM developer tools will look like.

Jul 25, 2023

Demystifying the LLM Tech Stack (Part II: The Middle Layer)

What LLM developer tools will look like.

Jul 25, 2023

Demystifying the LLM Tech Stack (Part II: The Middle Layer)

What LLM developer tools will look like.

Jul 25, 2023

Demystifying the LLM Tech Stack (Part II: The Middle Layer)

What LLM developer tools will look like.

Jul 11, 2023

Demystifying the LLM Tech Stack (Part I: The Infrastructure Layer)

How LLM models work.

Jul 11, 2023

Demystifying the LLM Tech Stack (Part I: The Infrastructure Layer)

How LLM models work.

Jul 11, 2023

Demystifying the LLM Tech Stack (Part I: The Infrastructure Layer)

How LLM models work.

Jul 11, 2023

Demystifying the LLM Tech Stack (Part I: The Infrastructure Layer)

How LLM models work.

Apr 18, 2023

Recent Advancements in Generative AI

An introduction to generative AI.

Apr 18, 2023

Recent Advancements in Generative AI

An introduction to generative AI.

Apr 18, 2023

Recent Advancements in Generative AI

An introduction to generative AI.

Apr 18, 2023

Recent Advancements in Generative AI

An introduction to generative AI.

Jan 8, 2023

Two Ways AI Will Fundamentally Reshape Enterprise SaaS

From tech stack to team composition, AI-first companies marks a break from traditional SaaS.

Jan 8, 2023

Two Ways AI Will Fundamentally Reshape Enterprise SaaS

From tech stack to team composition, AI-first companies marks a break from traditional SaaS.

Jan 8, 2023

Two Ways AI Will Fundamentally Reshape Enterprise SaaS

From tech stack to team composition, AI-first companies marks a break from traditional SaaS.

Jan 8, 2023

Two Ways AI Will Fundamentally Reshape Enterprise SaaS

From tech stack to team composition, AI-first companies marks a break from traditional SaaS.

Dec 16, 2022

Generative AI: State of the Market, Trends and Startup Opportunities

Our take on the latest industry trends and advice for startups.

Dec 16, 2022

Generative AI: State of the Market, Trends and Startup Opportunities

Our take on the latest industry trends and advice for startups.

Dec 16, 2022

Generative AI: State of the Market, Trends and Startup Opportunities

Our take on the latest industry trends and advice for startups.

Dec 16, 2022

Generative AI: State of the Market, Trends and Startup Opportunities

Our take on the latest industry trends and advice for startups.

Sep 2, 2020

AI Automation is the New Industrial Revolution

Our AI investment thesis from 2020.

Sep 2, 2020

AI Automation is the New Industrial Revolution

Our AI investment thesis from 2020.

Sep 2, 2020

AI Automation is the New Industrial Revolution

Our AI investment thesis from 2020.

Sep 2, 2020

AI Automation is the New Industrial Revolution

Our AI investment thesis from 2020.

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Research-driven investors for technical founders

Our mission is to turn groundbreaking AI research into transformative investments, fueling the next generation of AI-native startups.

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Research-driven investors for technical founders

Our mission is to turn groundbreaking AI research into transformative investments, fueling the next generation of AI-native startups.

Get Started

Research-driven investors for technical founders

Our mission is to turn groundbreaking AI research into transformative investments, fueling the next generation of AI-native startups.

Get Started

Research-driven investors for technical founders

Our mission is to turn groundbreaking AI research into transformative investments, fueling the next generation of AI-native startups.