Seligman Investments runs two focused investment strategies, technology and healthcare, each defined by the same approach that has guided the firm since 1990: deep specialist expertise, applied with investment discipline and the conviction to avoid growth at all costs.

Inc. examines the role of large venture capital firms in startup financing and how founders navigate fundraising. It features Seligman Ventures among firms that help technology companies scale through different stages of growth.

Seligman Ventures Managing Partners Ashish Kakran and Umesh Padval joined Venture with Grace to discuss AI investing and opportunities in AI infrastructure, cloud computing, cybersecurity, semiconductors, and data center technologies.

Clockwork.io announced $31 million in financing co-led by Seligman Ventures for its AI infrastructure fault-tolerance software. LinkedIn, Together AI, and WhiteFiber deploy its platform, designed to reduce downtime during failures.

Umesh says Nvidia’s deal with Groq may ease manufacturing bottlenecks by using Samsung instead of TSMC.

Reuters reports that Velaura AI raised $110 million in Series A financing at a valuation above $1 billion. Seligman Ventures led the round, backing technologies intended to reduce power consumption and operating costs across AI infrastructure.

Axios Pro reports that EPIC Microsystems raised a $21 million Series A led by Seligman Ventures to develop its vertical power architecture for AI data centers. Seligman Managing Partner Umesh Padval joined the board.

Seligman, today, is launching venture arm Seligman Ventures, a $500 million fund emphasizing early-stage AI investing, Fortune has exclusively learned. Padval—an early investor in Cohere, Relyance AI, Exaforce, and Harness—will lead the charge, joined by Ashish Kakran and Eddie Ackerman.

Lumilens emerged from stealth with more than $900 million in total funding, including a financing of more than $700 million co-led by Seligman Ventures. The company is developing optical interconnect technologies to connect thousands of GPUs as a single AI system.

John Noell is a portfolio analyst for Seligman Investments at Columbia Threadneedle Investments. Before joining the Seligman Technology Group in 2018, he was a Senior Investment Risk Analyst at Franklin Templeton, covering risk management for $60 billion in equity strategies.

Jonathan Wang is an associate portfolio analyst for Seligman Investments at Columbia Threadneedle Investments, focusing on information services, professional services, exchanges, and retail brokerages. He joined Seligman Investments as a research analyst in 2015.

Matt Gmitro is an associate portfolio analyst for Seligman Investments at Columbia Threadneedle Investments, focusing on technology, consumer, and alternative energy positions. He previously worked at Guggenheim Partners and The TCW Group.

Seligman's team includes practitioners, technologists, operators, and portfolio managers with experience in the sectors it invests in. The team is based in Silicon Valley and supported by an asset manager's institutional infrastructure.

Since Paul Wick took charge of Seligman's technology practice in 1990, it has added long/short strategies, launched in 2001, and a venture arm to its original long-only strategy.

The company says its team has started and scaled companies, taken them public, written code, built teams, sold to customers, and served on both sides of the boardroom.

Seligman describes an investment platform spanning seed to public markets and traces its roots to J. & W. Seligman, founded in 1864, which helped finance the Panama Canal and American railroads.