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Andrew Ng’s AI Fund Raises $175M to Build AI Companies
CorporateAIVenture Capital

Andrew Ng’s AI Fund Raises $175M to Build AI Companies

•January 30, 2018
•Jan 30, 2018
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Participants

AI Fund

AI Fund

company

National Education Association

National Education Association

investor

Greylock

Greylock

investor

SBI Ven Capital

SBI Ven Capital

investor

Sequoia Capital

Sequoia Capital

investor

Deal Summary

Andrew Ng announces the formation of the AI Fund with $175 million in committed capital to start and scale multiple AI-powered businesses. Investors include NEA, Sequoia, Greylock Partners and the SoftBank Group; AI Fund will provide follow-on capital to portfolio teams.

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