Palo Alto, California-based early-stage VC firm Wing Venture Capital secured $600M in capital commitments from investors to back AI startups.

 

Palo Alto, California-based early-stage VC firm Wing Venture Capital secured $600M in capital commitments from investors to back AI startups.  The firm typically backs startups in the seed to Series A stages.  Founding partner Peter Wagner said it is "increasingly difficult to find anything interesting to do in B2B technology that isn't making use of AI in an important and fundamental way." Wing has already backed several AI startups, including language tool Copy.ai, software firm Gong, and data processor Pinecone.  Other notable backed by the VC firm include cloud-computing firm Snowflake, data management platform Cohesity, and cybersecurity specialist Share Security.  The firm's previous fund closed at $450M in 2020.