Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Mythos Ventures grabs $14M for inaugural fund to invest in AI | TechCrunch

Sep 27, 2023 - news.bensbites.co
Mythos Ventures, a San Francisco-based early-stage venture capital firm, has raised $14 million for its first fund targeting transformative AI companies. The firm was founded by Vishal Maini, who previously worked at DeepMind, and is backed by Metaplanet, Delphi Ventures, The Operating Group, and several individual investors. Despite acknowledging the crowded AI investment space, Maini believes that a wave of transformative AI companies will emerge in the next decade.

The firm has already invested in four companies from the new fund, including Elicit, Monumental, and ValueBase. Maini plans to write checks between $100,000 and $2 million for companies at the pre-seed and seed levels, focusing on startups in areas he considers underhyped. He predicts that in the next decade, the term "AI company" will become redundant as all companies will be using AI.

Key takeaways:

  • Mythos Ventures, a venture capital firm started by Vishal Maini, has closed $14 million in capital commitments for its first fund that will invest in transformative AI companies.
  • The firm is based in San Francisco and has backers including Metaplanet, Delphi Ventures, The Operating Group, and several individual investors.
  • Maini, along with partners Jonathan Eng and Paul Gu, plans to invest in startups that use machine learning paradigms and artificial cognition to disrupt industries, with investments ranging between $100,000 and $2 million.
  • The firm has already invested in four companies from the new fund, including Elicit, Monumental, and ValueBase.
View Full Article

Comments (0)

Be the first to comment!