Cadenza Closes $50M AI Venture Fund
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Slice of Technology Team
12/06/2024
Key Highlights:
- Cadenza closes $50M AI fund for pre-seed and seed investments in AI infrastructure and enterprise applications.
- Track record of success includes early investments in Together.ai, Nous Research, Tensorwave, Jericho Security, and Axolotl.
- New Venture Partners include Vipul Ved Prakash, Charles Srisuwananukorn, and Alex Acero, enhancing deal sourcing and expertise.
- Backed by a global syndicate of investors, including VanEck Associates, Aros Capital, and others across the US, Europe, Asia, and the Middle East.
Source: Business Wire
Quotes
“ "The continued advancements in AI models have the potential to dramatically transform businesses to a magnitude that has not been seen since the commercialization of the Internet." ”
Kumar Dandapani, Managing Partner at Cadenza
Our Take:
Cadenza’s $50M AI Venture Fund marks a significant milestone in early-stage AI investments, emphasizing infrastructure and enterprise applications that drive industry transformation. With its robust track record and strategic partnerships, the firm positions itself as a key player in fostering high-impact technologies. Cadenza’s disciplined approach and global investor backing underscore its credibility in scaling promising startups in the rapidly evolving AI sector.
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