Euclidean Capital, the family office of Renaissance Technologies founder Jim Simons, is reportedly ramping up its investments in machine learning (ML).

Since last year, the New York-based firm has backed at least six AI-based companies across health care, customer services and aviation segments, Bloomberg reported.

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Last month, Euclidean joined the fundraising round of data-privacy firm Duality Technologies. It also participated in a financing round by aerial data management platform DroneBase, which leverage AI for its analytics.

Earlier this year, the firm increased its holdings in deep-learning platform Peltarion and ASAPP, which provides AI for call centres.

ML-based diagnostics firm Dascena and biotech startup Codagenix, which is developing a vaccine for Covid-19, among the other firms backed by Euclidean.

As of the end of this September, the firm held interests worth around $170m in over a dozen publicly traded companies. These included health-care firms Alector, PMV Pharmaceuticals, and RAPT Therapeutics.

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A Euclidean representative didn’t respond to the new agency’s requests for comment.

Established by Simons in 2009, Euclidean has more than twelve employees in the US. The team is led by Ashvin Chhabra, who was previously chief investment officer at Merrill Lynch Wealth Management.

The firm hired Monique Miller as its head of investment strategy in 2018. Miller joined the family office from Wilshire, where she served as a managing director.

Simons, who was a former chairman of the math department at Stony Brook University and a military codebreaker, leveraged AI to support trading decisions at Renaissance from early on.