Source: TechCrunch
Summary
Air Street Capital has raised a significant Fund III, focusing on early-stage AI companies in Europe and North America. The fund’s size was not disclosed. Air Street Capital invests in companies working on AI applications, including machine learning and natural language processing. The firm’s portfolio includes companies like People.ai and Cresta. This is the third fund for Air Street Capital, which has been investing in AI startups since 2018.
Our Reading
The announcement sounds ambitious.
Air Street Capital is doubling down on AI with its latest fund. The firm is eyeing early-stage companies in Europe and North America, because that’s where the next big AI thing might be hiding. This is the third fund for Air Street, because one and two clearly weren’t enough. The firm has been investing in AI since 2018, so they must know what they’re doing by now. Air Street is just another fund throwing money at AI, because that’s what everyone else is doing.
Author: Evan Null
