Two Google alumni raised $11.3 million to back AI startups that enterprises will actually pay for, TechCrunch reported on September 30, under the name BAG Ventures. The fund aims to invest deeper in the AI stack.
Small, specialist funds are positioning themselves against the megafunds by emphasizing enterprise revenue rather than model scale, reflecting skepticism about inflated metrics and an emphasis on customers willing to pay.
Source: TechCrunch