Private AI & Infrastructure Investing

Investing at the frontier of intelligence

Epochal Capital invests in frontier AI, the infrastructure that powers it, and selected AI-native businesses. We build concentrated positions across primary and secondary markets, guided by technical progress, commercial evidence and disciplined underwriting.

25
Portfolio companies
4
Realizations
Full Stack
Models to metal
2025
Founded
Investment Thesis

We invest across the AI value chain — from frontier models and computing infrastructure to the platforms and applications that turn capability into adoption. Our focus is where durable value can accrue, not simply where demand is growing. Each investment must stand on its own business quality, competitive position and entry terms.

01

Frontier AI Labs

Foundation model companies pushing the boundaries of general intelligence. We back the labs building the most capable systems — and the platforms they become.

02

Compute & Cloud

GPU cloud providers, custom silicon, and hyperscale infrastructure building the backbone of AI training and inference at scale.

03

Interconnect & Photonics

Optical networking, co-packaged optics, and next-generation interconnect fabrics solving the data movement bottleneck.

04

Power & Data Centres

AI-driven energy demand is reshaping the physical layer. Data centres, power generation, and grid infrastructure solving the constraint at the edge of compute.

05

Developer Platforms

Tools and platforms that accelerate AI development, deployment, and enterprise adoption.

06

Enterprise & Applied AI

AI-native businesses solving important problems in enterprise workflows and the physical world, with evidence that customers value the product and the business can scale.

Selective primary investments

We consider selected Series A, Series B and growth opportunities, with earlier investments in scope when the evidence warrants it. We look for meaningful technical validation, commercial traction or a compelling combination of both — not a particular round label.

Private-market secondaries

We acquire existing interests in high-conviction private companies, with particular attention to valuation, security terms, ownership structure and the path to liquidity.

Across both routes, we underwrite the company and the investment: competitive advantage, customer adoption, capital requirements, dilution and the terms at which we can participate. We prefer a small number of well-understood positions to broad, indiscriminate exposure.

We also hold selective positions in adjacent frontier technology — space, defence, autonomy and digital-asset infrastructure — complementary to the core AI focus.

Investments across frontier AI, infrastructure and platforms.

anthropic
OpenAI
Mistral AI
cohere
Cerebras
Lightmatter
λ Lambda
Crusoe
Groq
SpaceX
xAI
databricks
Replit
perplexity
Glean
Kraken
Shield AI
Apptronik
tenstorrent
d-Matrix
Positron
Aalo Atomics
Starcloud
tensordyne
SambaNova

Investments may be held directly or indirectly through investment vehicles. Inclusion of a company does not imply its endorsement of Epochal Capital, participation in its primary financing, or a direct relationship with its founders.

Dylan Sharkey

Dylan Sharkey

Founder & Principal
BasedDubai, UAE
OriginIreland
EducationTrinity College Dublin
PriorLinkedIn & Salesforce

Dylan Sharkey founded Epochal Capital to invest in the most consequential technology shift of our era. With a thesis built on first-principles analysis of where durable value accrues in AI, he builds concentrated positions in frontier AI and infrastructure companies across primary and secondary markets.

Before launching Epochal, Dylan spent 7+ years at LinkedIn and Salesforce, building expertise in enterprise technology markets and relationship-driven dealmaking across the MENA region and beyond.

A commercial perspective alongside capital

That enterprise-technology background shapes how Epochal approaches investment discussions: how products are positioned, how buying decisions are made, and what it takes to turn technical capability into commercial adoption.

Where relevant, that experience can inform enterprise positioning, sales strategy and introductions within his existing network. Engagement is tailored to the company's needs rather than a standard expansion playbook.

Founders engage directly with Epochal's investment decision-maker, with a focused discussion of investment fit, diligence requirements and next steps.

Let's connect

We welcome conversations with AI founders raising primary capital, investors exploring co-investment, and shareholders considering private-market liquidity.

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