SINGAPORE, Sept 19 (Reuters) – International Frontier
Know-how Ventures (GFT), a enterprise capital agency launched by
former Nvidia and Samsung executives, on Tuesday stated it has
raised $140 million for its inaugural fund.
The Palo Alto-headquartered fund will deal with investing in
early-stage synthetic intelligence (AI) startups and different
companies specializing in cutting-edge science, generally known as “deep tech.”
“Our focus shall be on the U.S and Israel”, co-founder Jeff
Herbst informed Reuters, including that over of the fund’s traders
got here from Asia.
“Given the transformational shift (brought on by AI and information
science), there’s an enormous alternative to put money into startups that
are leveraging these applied sciences.”
Herbst beforehand led enterprise growth and startup
investments at U.S AI powerhouse Nvidia, whereas other-co
founder Jay Eum was previously the managing director of Korean
expertise large Samsung’s company funding arm.
Earlier investments by GFT ventures embody South Korean
autonomous trucking firm Mars Auto, U.S information engineering
platform automation platform Switchboard and U.S well being tech
startup Mighty Well being.
(Reporting by Fanny Potkin; Enhancing by Varun H Okay)
