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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

    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

    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.

  • Investor

    2021

Advancing Clinical Research by Combining Machine Precision and Human Intuition

Raised $65,400,000.00 from Oak HC/FT and DCM Ventures.

  • Investor

    2021

Plus is an AI company whose mission is to build “driving intelligence” to power an autonomous future

Raised $520,025,102.00 from SAIC Capital, Quanta Computer, ClearVue Partners, PHI MANAGEMENT, FountainVest Partners and Millennium Ventures Group.

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