TLDR:
– Zero Prime Ventures closed a $48 million second fund with a new partner, Yang Tran
– Fund will focus on data infrastructure, machine learning, and generative AI tooling
Zero Prime Ventures, formerly known as Data Community Fund, recently closed a $48 million second fund and announced the addition of a new partner, Yang Tran. The fund, founded by serial entrepreneur Pete Soderling, will emphasize generative AI tooling, data infrastructure, and machine learning. Fund II has attracted prominent VCs and data experts such as Olivier Pomel, Jordan Tigani, and David Aronchick. Zero Prime has already invested in companies like Hex, Motherduck, and Hightouch.
In addition to its investment activities, Zero Prime founder Peter Soderling launched Data Council Austin 2024, a global event series that connects data and AI talent communities. The event will feature the first AI Launchpad, where engineer-founders of AI-related B2B startups can demo their technology on stage. Pete Soderling believes in the power of engineers to change the world and has been instrumental in the success of companies like Era Software and Motherduck.
