Jared Kushner launches Brain Co. to bridge AI talent and global institutions
- Jared Kushner, Elad Gil, and Luis Videgaray founded Brain Co. in 2024 to help organizations apply AI.
- The company raised $30 million in Series A funding and has quickly established relationships with major corporations and government entities.
- This launch addresses the growing demand for effective AI implementation as many organizations struggle to adapt.
In 2024, Jared Kushner, in collaboration with investor Elad Gil and Luis Videgaray, the former Mexican foreign minister, launched a startup called Brain Co. The company, located in San Francisco, aims to assist large corporations and government entities in integrating artificial intelligence into their operations. This initiative was driven by the need to better address the rapid advancements in AI, which have left many organizations overwhelmed. The firm has recently raised $30 million in its Series A funding round from ventures led by Kushner's private equity firm Affinity Partners and Gil's Gil Capital. Brain Co. has quickly gained traction, establishing a strong client base that includes major corporations and government institutions. Some notable clients reported by Forbes include the auction house Sotheby’s and private equity giant Warburg Pincus. The firm has forged a strategic partnership with OpenAI to develop tailored applications for its clientele, making it a player in the fast-evolving AI landscape. According to CEO Clemens Mewald, the choice to not specialize in a single sector is intentional, as many use cases for AI appear similar across different industries. The establishment of Brain Co. comes in the context of a growing need for companies to effectively implement AI within their operations. A recent study from the Massachusetts Institute of Technology highlighted that 95% of generative AI pilot programs had failed, reflecting widespread challenges among organizations in adapting to AI changes. This necessity has led to an explosive growth in consulting services provided by firms like Boston Consulting Group, Accenture, and McKinsey, which focus on helping businesses navigate AI implementation. Overall, Brain Co. has positioned itself as a versatile solution provider for a variety of industries, indicating that the firm could fill a gap in the market as organizations seek to adapt to new technologies. Continuing to develop partnerships with other AI labs, the firm appears committed to leveraging cutting-edge technology to offer innovative solutions. Kushner's active involvement as a board member and his connections with influential investors are likely to aid in Brain Co.'s growth and success in the competitive AI sector.