Radical Ventures, a VC fund that supports AI startups, has secured over half its targeted amount of $550M for its newly launched venture fund.
The leading investors were Fei-Fei Li, creator of the ImageNet project, and Geoffrey Hinton, a member of the Google Brain team.
More:
- Radical has already invested in Cohere, a rival of OpenAI, the maker of ChatGPT.
- The VC fund has supported You.com, an AI-powered search engine, and Reka.
- Despite the challenging outlook in the tech sector, investment in AI has grown significantly.
- PitchBook estimates that $1.4B was invested in the sector in 2022.
