TLDR:
1infinity Venture aims to raise $500 million for a responsible, safe, and green AI fund. The fund has attracted strong investor interest and is expected to close soon. Jiazi Guo is leading the fundraising effort, and the fund will support visionary founders and groundbreaking ideas addressing critical AI challenges.
1infinity Ventures seeks to raise $500 million in fresh capital for the first global AI fund dedicated to responsible and sustainable AI solutions. The firm has identified companies worldwide poised to benefit from the fund, and aims to support innovative AI technologies that prioritize safety, responsibility, and sustainability.
Article Summary:
1infinity Venture announced plans to raise $500 million for its first fund dedicated to fostering responsible, safe, and green artificial intelligence (AI). The funding round has attracted strong interest from investors and is expected to close soon. Jiazi Guo, leading the fundraising effort, brings experience from LEGO Ventures, Foothill Ventures, Two Sigma, and Tsinghua Ventures.
1infinity Ventures seeks to support visionary founders and groundbreaking ideas addressing critical AI challenges in global markets. Despite an overall decline in venture capital, AI remains a key driver, with significant investments helping to stabilize the market. The firm has identified an extensive pipeline of companies worldwide poised to benefit from this fund.
The inaugural fund targets various development stages, from pre-seed companies to Series B startups. By providing financial support and strategic guidance, 1infinity Ventures aims to accelerate the growth of promising AI technologies that can positively impact society and the environment. Cyrus Hodes, known for his roles as co-Founder of Stability AI and Partner at FoundersX Ventures, is also involved in raising the fund, focusing on developing safe and responsible AI innovations.
