AIX Ventures Launches $202M Fund II to Accelerate AI Innovations
Feb. 13, 2024 -- AIX Ventures, an AI fund and seed stage venture capital firm partnering top AI startups and AI practitioners, has announced the launch of its second fund, totaling $202 million. This new fund underscores AIX Ventures' commitment to fostering early-stage AI companies that are redefining the workplace and beyond.
Since its inception two years ago, AIX Ventures has positioned itself as a pioneer in the venture capital landscape, providing unparalleled company-building and AI expertise to support entrepreneurs. The team's deep involvement in the AI sector ensures an acute understanding of the challenges and technological advancements faced by founders in this rapidly evolving field.
The new fund, Fund II, will enable AIX Ventures to take the lead in more funding rounds and expand its investing team. It aims to forge strong partnerships with companies and entrepreneurs at the forefront of utilizing AI to advance workplace innovation, collaboration, and productivity. A particular focus of this fund will be on AI applications and infrastructure that are poised to shape the future of work across various industries.
AIX Ventures recognizes the potential of AI to disrupt and transform every global industry, from healthcare and biotechnology to climate change solutions. The firm is committed to supporting the next generation of companies that will navigate these transformations, with a belief that AI can serve as a force for positive change. AIX Ventures envisions a future where humans and machines collaborate to create significant impacts, and is dedicated to fostering a community of top AI practitioners and aspiring founders who share this vision.
The current portfolio of AIX Ventures features some of the most innovative names in AI today, including Hugging Face, You.com, Weights & Biases, Perplexity, and Chroma. With the increased capital of the new fund, AIX Ventures is excited to further empower founders to advance AI and shape the future of work.
AIX Ventures extends its gratitude to all its founders, investors, and family members for their continued support and trust.
For more information, please visit https://www.aixventures.com.
Source: AIX Ventures
