America 2030 · AI Infrastructure
Invest in AI Infrastructure Pre-IPO Companies
America 2030 gives investors exposure to SambaNova’s AI inference systems and Lightmatter’s photonic interconnects through one managed fund spanning six sectors. These companies address two infrastructure challenges: running AI models and moving data between processors.
Marketing communication. For accredited investors only.
Held by America 2030
Two of the twelve America 2030 positions are classified in AI Infrastructure. Primary sector as recorded in the Manager’s portfolio register, September 30, 2026.
Why now
Running AI and moving its data.
Inference
SambaNova builds systems for running AI models, addressing the speed, capacity and energy requirements of inference.
Data movement
Lightmatter develops photonic interconnects that move data between processors, supporting large-scale AI training and inference.
Our investment thesis focuses on the infrastructure behind AI adoption. SambaNova and Lightmatter address different technical constraints within that infrastructure. Commercial success depends on customer adoption, competitive performance and execution; growing AI demand alone does not guarantee investment returns.
America 2030
One managed fund, 12 portfolio positions, six sectors.
A managed portfolio across six sectors supporting U.S. resilience and technological leadership. AI Infrastructure exposure comes through SambaNova and Lightmatter, alongside positions in the other five sectors. Minimum investment $50,000. Open to accredited investors only.
Sub-sector map
AI infrastructure, mapped from the chip to the model.
Our research spans five clusters. America 2030 currently holds SambaNova in inference systems and Lightmatter in photonic interconnects.
Inference Silicon
Chips built to run AI live, local, and real-time.
Photonics
Moving data with light, at a fraction of the energy.
Advanced Semiconductors
The energy-efficient silicon under the buildout.
Quantum Hardware
Compute for problems classical silicon cannot reach.
Foundation Models & LLMs
The headline cluster. We cover it closely and hold back: the layer is crowding and commoditizing fast.
Company reports
Companies we research.
The AI infrastructure companies we follow, from inference silicon and photonics to the model labs. Each card shows whether we hold it, and in which vehicle.
Companies under coverage
How to invest
America 2030 is the route open today.
Minimum
$50,000
Positions
12
Sectors
6
Eligibility
Accredited
One managed, diversified portfolio held in America 2030, a series of IPO CLUB II LLC. The deck covers the current portfolio, investment strategy, fees, risks and track record.
Single-name SPVs: when secondary supply allows, members can take a position in one company through a dedicated SPV. No AI infrastructure single-name allocation is open right now. Browse the single-name company pages.
Research
Go deeper on AI infrastructure.
AI-Infrastructure Report →
The picks-and-shovels of the AI buildout: inference silicon, photonics, and the companies building them. September 2025. Read in the Data Room.
Resilience Capital Stack →
How the six America 2030 sectors fit together, from inference silicon to advanced manufacturing. February 2026. Read in the Data Room.
Humanoids Investing →
Our read on the AI-to-physical-AI frontier, and why we stay disciplined on valuation. November 2025. Read in the Data Room.
FAQ
Questions about investing in AI infrastructure.
America 2030 holds two AI Infrastructure positions, SambaNova and Lightmatter. The other names on this page are under IPO CLUB research coverage, not fund positions: Groq, d-Matrix, SiFive, Rebellions, VSORA and PsiQuantum.
America 2030 has a minimum investment of $50,000. Minimums for single-name SPVs vary by deal, depending on availability and secondary supply at the time, and are confirmed inside the Data Room for each live allocation.
America 2030 is the route open to accredited investors today: one managed, diversified portfolio of 12 portfolio positions across six sectors, with a minimum investment of $50,000. Two of its positions are classified in AI Infrastructure: SambaNova and Lightmatter. Single-name SPVs open occasionally, when secondary supply allows.
Pre-IPO investments are speculative, illiquid, and involve the risk of total loss. AI infrastructure companies carry added risk: hardware and chip programs are capital-intensive and can slip on tape-out, yield, and customer adoption, and the pace of AI change can strand a technical approach. These investments are suitable only for accredited investors and qualified purchasers who can bear a complete loss of capital.
The best-known model labs, including OpenAI, Perplexity, Mistral and Cohere, are still private, and IPO CLUB covers all of them as research. OpenAI and Perplexity are held by IPO CLUB Fund I, which is closed to new investors. America 2030 holds neither: its two AI Infrastructure positions are SambaNova and Lightmatter.
America 2030 holds no model-lab position. Its two AI Infrastructure holdings are SambaNova and Lightmatter. OpenAI and Perplexity sit in IPO CLUB Fund I, a separate and closed vehicle. We research the model labs in depth and cover them for members.
America 2030 invests in the infrastructure that AI models run on rather than in the models themselves. SambaNova builds systems for running models and Lightmatter develops photonic interconnects that move data between processors. Returns depend on customer adoption, competitive performance and execution.
There is no single answer, because the right name depends on where in the stack you want exposure. Across the AI infrastructure companies we cover, the inference and silicon names include Groq, d-Matrix, SambaNova, Lightmatter, SiFive, Rebellions, and VSORA, spanning deterministic inference, in-memory compute, dataflow systems, photonic processors, and energy-efficient chips.
A single-name SPV concentrates exposure in one company. Subscribers to America 2030 receive the whole fund, including its two AI Infrastructure holdings, SambaNova and Lightmatter, rather than selecting individual companies. No AI infrastructure single-name is open right now. Diversification does not eliminate investment risk.
Last updated: 2026-10-13.
Next step
Get the America 2030 investment deck.
The current portfolio, investment strategy, fees, risks and track record in one document. Minimum investment $50,000, for accredited investors only.
Company research, quarterly valuations and sector reports are free for members in the Data Room.