Betaworks’ third fund closes at $66M to invest in early-stage AI startups
Betaworks, a New York City-based firm, has closed its $66 million Fund III to invest in early-stage AI companies, continuing its investment strategy since 2016.
MAIN POINTS
- Betaworks has raised $66 million for its Fund III.
- The fund will focus on early-stage AI company investments.
- Betaworks has been investing in AI since 2016.
- The firm has previously backed companies like Huggingface and Granola.
TAKEAWAYS
- Betaworks is committed to supporting the growth of AI technology.
- The firm has a history of successful AI investments.
- Fund III aims to capitalize on emerging AI opportunities.
- Betaworks leverages its Camp investment program for strategic backing.