# Steel Perlot

Steel Perlot is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.steelperlot.com
- **LinkedIn:** https://www.linkedin.com/company/steel-perlot

## Regulatory record

- **Reports private funds:** No

## About

Steel Perlot is a deep tech management company founded by Eric Schmidt, former Google CEO. The firm has made eight investments to date. Its most recent investment was in Ethernal Labs, a Seed VC-II investment made on October 9, 2025.

## Sectors

- AI/ML
- Enterprise Software
- Deep Tech

## People

- Michelle Ritter — Co-Founder & CEO
- Eric Schmidt — Co-Founder

## Questions

### Who makes investment decisions at Steel Perlot?

Co-Founder and CEO Michelle Ritter leads day-to-day investment operations. Eric Schmidt, the former CEO and Chairman of Google, serves as co-founder and provides strategic guidance, deal sourcing, and access to his technical network. The specific voting structure of the investment committee has not been publicly detailed.

### How does Steel Perlot source deals given its lean team?

Deal flow is anchored by Eric Schmidt's network across Silicon Valley, Washington D.C., and international technology hubs. The firm benefits from Schmidt's reputation as a technologist, drawing inbound founder interest from deep-tech and AI circles. Michelle Ritter's background in law and technology policy adds a complementary sourcing channel in regulated or legally complex technology verticals.

### Does Steel Perlot lead rounds or participate as a co-investor?

Steel Perlot can lead or co-lead seed rounds, though given Schmidt's profile, it often acts as a conviction anchor alongside other institutional venture firms. The firm's public participation in Keystone's 2022 seed round illustrates its role as a named, active check-writer from the earliest stages.

## Related profiles

- [SteelPeak Wealth Management](https://altss.com/profile/steelpeak-wealth-management)
- [SteelSky Ventures](https://altss.com/profile/steelsky-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/steel-perlot

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