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AI Fund Launched by VC Veterans

13 May

Summary

Two former venture capital partners have launched a new firm.
The firm focuses on early-stage investments in artificial intelligence.
Duration Ventures aims to raise $375 million for its fund.

Arif Janmohamed, formerly a partner at Lightspeed Venture Partners, and Trevor Oelschig, a longtime managing director at General Catalyst, have joined forces to establish Duration Ventures. This new firm is poised to make a significant impact by focusing on early-stage investments in the rapidly evolving field of artificial intelligence.

The primary objective for Duration Ventures is to secure $375 million. This substantial capital will be deployed to support promising early-stage companies within the AI ecosystem. The launch signifies a strategic move by seasoned investors to capitalize on the continued growth and potential of artificial intelligence technologies.

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