One year after receiving a whopping $75 million commitment to invest in early stage companies applying artificial intelligence to various industries, Glasswing Ventures has closed its debut fund with $112 million.

It’s a significant milestone for a firm that purports to be the largest early stage investor focused on machine learning on the East Coast, and one of the largest early stage funds to be led by women.

Founded by Rudina Seseri alongside her longtime investing partner Rick Grinnell and bolstered by the addition of former portfolio executive Sarah Fay, Glasswing so far has invested in three startups: BotChain (a company spun up from Glasswing’s early investment in the AI management company, Talla); Allure Security, a threat detection company; and Terbium Labs, whose service alerts companies when sensitive or stolen information of theirs appears on the Internet.

For Seseri and Glasswing, the close is actually just the beginning. As she said in a statement:

“Raising an AI-focused fund on the East Coast is just the beginning for Glasswing Ventures. As we embark on a journey to shape the future, we are laser-focused on investing in exceptional founders who leverage AI to build disruptive companies and transform markets. …read more

Source:: TechCrunch

      

(Visited 2 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *