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AI2 Incubator’s new $30M fund triples down on early stage AI startups
AI2 Incubator launches a new $30 million fund to support early-stage AI startups. The fund follows its previous $10 million vehicle, and 21 companies have passed through the incubator since 2017, attracting about $160 million in further investment. Backers include Madrona, Sequoia Capital, Vinod Khosla, and Evergreen Ventures; the incubator plans to keep focusing on seed-stage companies while deploying capital at a larger scale.
May 2023 · TechCrunchNews article
AI2 Incubator’s new $30M fund triples down on early-stage AI startups
AI2 Incubator has a new $30 million fund to back early-stage, AI-first startups, tripling the size of its previous $10 million fund. Since 2017, 21 companies have passed through the incubator and attracted about $160 million in additional investment; XNOR was acquired by Apple. The program focuses on seed-stage technical founders building AI products for underserved markets, with backers including Madrona, Sequoia Capital, Vinod Khosla, and Evergreen Ventures.
May 2023 · TechCrunchNews article
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