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VC Firm SignalFire Raises $1 Billion, Will Let AI Help Pick Investments
With the new funds SignalFire will focus on AI — and use it too.
Venture capital firm SignalFire has raised over a $1 billion to bet on artificial intelligence startups — an unusually large fundraising haul in a difficult market for VCs and startups. The latest financing lifts the San Francisco-based firm’s assets under management to $3 billion, it plans to announce on Monday. It will use that cash to back early-stage startups across several funds, with a particular focus on companies building AI applications.
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