Cathay Innovation closed its third fund at $1 billion and is looking for more vertical AI startups to back, according to Crunchbase News. The headline is the detail we can confirm; the date and investor details were not available in the material we reviewed.
Vertical AI, which sells tools tailored to a specific industry, has attracted dedicated funds, as the raises by EliseAI, Ema and Scimplify this autumn show.
Source: Crunchbase News