A former Google program manager

 

A former Google program manager, Yiğit Ihlamu, is launching Vela Partners, an AI-powered early-stage VC firm.   The firm adds to the list of VCs using algorithms to assist in their startup picks, including SignalFire, EQT Ventures, and Nauta Capital. Vela plans to write checks from $500,000 to $1.5M as the lead investor or co-lead. As it comes out of stealth, the firm has $25M under management, including Bear Robotics. Vela uses a game-like terminal to analyze developer ecosystems, including those in AWS and GitHub.