Rackhouse Venture Capital was founded by Kevin Novak, Uber's first Head of Data Science and inventor of its dynamic pricing product, and the firm focuses on backing pragmatic founders who use AI to solve real-world, often overlooked problems in areas like supply chain, manufacturing, construction, and corporate travel rather than chasing generic AI hype. It looks for founders who already know their first customers and can turn AI into usable products, and it invests not just in the Bay Area but across the U.S. and in other regions, including East Africa.