US Innovative Technology Fund

US Innovative Technology Fund, founded in 2022 and based in Pittsburgh, Pennsylvania, operates as a venture capital firm focused on supporting early- and growth-stage technology companies. The firm specializes in investments across various sectors, including artificial intelligence, quantum computing, biotechnology, defense technology, and space technology. It aims to foster innovation in industries related to commercial and defense applications, such as logistics and cybersecurity. As a registered investment adviser, US Innovative Technology Fund seeks to drive advancements in technology by providing financial support and strategic guidance to its portfolio companies.

Gaetano Crupi

Managing Director

Elizabeth Stein

Managing Director

Peter Tague

Managing Partner

Past deals in PaaS

Lambda

Series D in 2025
Lambda is a technology company specializing in deep-learning infrastructure. It provides cloud computing services tailored for large-scale artificial intelligence training and inference. The company offers servers and workstations pre-configured with popular machine learning frameworks, allowing clients to simplify and accelerate the development of complex AI models for tasks such as natural language processing and drug discovery. Lambda's product range includes on-premises GPU hardware and cloud-hosted GPUs, empowering AI engineers to construct, test, and deploy AI products efficiently and securely at scale.

Lambda

Series C in 2024
Lambda is a technology company specializing in deep-learning infrastructure. It provides cloud computing services tailored for large-scale artificial intelligence training and inference. The company offers servers and workstations pre-configured with popular machine learning frameworks, allowing clients to simplify and accelerate the development of complex AI models for tasks such as natural language processing and drug discovery. Lambda's product range includes on-premises GPU hardware and cloud-hosted GPUs, empowering AI engineers to construct, test, and deploy AI products efficiently and securely at scale.
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