Citi Ventures is among the top 10 corporate venture firms investing in AI, with a team spread across major global cities and around 120 active portfolio companies. The firm is part of a broader trend of corporate investment in AI, alongside Google Ventures, Samsung NEXT, and others. Most of Citi Ventures' portfolio companies have integrated AI, with a focus on native AI applications that are beginning to generate significant revenue. Carbonara highlights the growing adoption of applied AI, noting that application companies like Glean and Writer are experiencing rapid growth and achieving meaningful revenue.
Key takeaways:
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- Citi Ventures is actively investing in AI companies to help transform Citigroup's business, focusing on areas like coding, compliance, data quality, and employee productivity.
- The firm has invested in several AI companies, including Glean, Writer, Norm Ai, Poolside, and Galileo, with two portfolio companies, Lexion and Datavolo, being acquired this year.
- Citi Ventures is among the top 10 corporate venture firms investing in AI, with a team spread across major global hubs and around 120 active portfolio companies.
- AI adoption is growing, with many of Citi Ventures' portfolio companies integrating AI, particularly in the native AI application space, which is seeing significant revenue growth.