Awrabi launches $10M AI fund, Banyan Ventures

businessinsider.com

Venture capitalist Sam Awrabi has launched a $10 million fund, Banyan Ventures, to invest in AI startups, calling AI the "dominant force of our lifetime." The fund will focus on seed and pre-seed stage companies. Awrabi's fund, AI Fund I, will invest in 36 AI infrastructure and software startups. The investments will range from $200,000 to $425,000. Awrabi believes AI advancements will be "bigger than both mobile and web combined." Banyan Ventures, named for a spreading tree, aims to capitalize on the growing AI market. Awrabi, with experience in AI sales, believes his specialization gives him a competitive edge in a crowded field.


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Awrabi launches $10M AI fund, Banyan Ventures | News Minimalist