Mayfield Launches New $250 Million AI-Specific Seed Stage Fund
What they are saying
Longtime venture capital firm Mayfield Fund is launching a new investment vehicle specifically to back artificial intelligence startups.
The “AI Start” fund will dedicate $250 million to companies at the seed stage and earlier in order to capitalize on a wave of nascent ventures being founded amid the current boom period in generative AI. Mayfield did not raise new capital but is rather drawing the money from its existing dry powder, the firm's leader Navin Chaddha told Forbes. That pool sits at about $1.3 billion.
“Having participated on web, mobile and cloud, we think AI is an even bigger opportunity and this is going to make humans superhuman,” he said.
Forbes
My thoughts
Not financial advice
💼 They say follow the money. All the money is going to AI.
🌟 Capitalizing on generative AI boom, aiming to revolutionize industries.
🚀 Mayfield leverages existing $1.3 billion "dry powder" for the fund, showcasing confidence and commitment to AI without external capital raising.
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