Home / Business and Economy / AIX Ventures Co-Founder Departs Amidst AI Funding Surge
AIX Ventures Co-Founder Departs Amidst AI Funding Surge
18 Jan
Summary
- Co-founder Shaun Johnson exited AIX Ventures last month.
- AIX Ventures raised $202 million in its second fund in February 2024.
- Richard Socher is also CEO of You.com and raising funds for a new lab.
AIX Ventures, a venture capital firm specializing in artificial intelligence, has seen a significant leadership change with the recent departure of its co-founder, Shaun Johnson. Johnson, who established the firm in 2021 alongside AI researcher Richard Socher, exited AIX last month. The firm has successfully backed several AI startups, including Perplexity, Windsurf, and Ideogram.
Despite Johnson's exit, AIX Ventures has demonstrated substantial financial growth, successfully raising its second fund amounting to $202 million in February 2024. The firm's notable investing partners include Christopher Manning, a Stanford University professor, and Anthony Goldbloom, former CEO of Kaggle.
Richard Socher, the firm's other co-founder, continues his prominent role in the AI community. Known for his work at Salesforce as chief scientist and his contributions to natural language processing, Socher also leads You.com as its CEO. He is reportedly in the process of raising funds for his independent AI research lab, indicating continued investment and development in the AI sector.
