Banks and financial institutions are using them to detect fraud, speak to their customers and offer financial advice. Sales teams are using them to automate customer services, helping drive revenue and reduce costs. High school and college students are using them to write essays and complete their math problem sets. Patients are using them to diagnose their own symptoms, albeit with no regulatory oversight, with impressive accuracy. Let us acknowledge that the cornucopia of AI tools built on LLMs, such as OpenAI’s ChatGPT and Google’s Bard, that have spurred over the past 6 months are already reshaping every single aspect of our lives. So, what should we make of this seemingly multiplicative leap in the intelligence of machines? For someone who has been living and breathing technology as a VC for the past 6.5 years, this shouldn’t have come as a surprise to me but despite my immersion, I too, feel stunned. The consensus from conversations with colleagues, co-investors, family, and friends is that the future is “already here.” I too feel that way and I find it quite ironic. #venture #VC #fundclosing #fund2 #tech #buildingĪAF Management Crosses $100M in Committed Capital in Five Years After Closing Second Early Stage…ĭystopian or utopian, evil or benevolent? It seems every other day a new camp of academics, technologists, researchers, and investors conjure new prophecies on what our future will look like with Artificial General Intelligence (AGI). In aggregate, our companies are valued at over $10 billion and the portfolio has minted 3 unicorns thus far! We are also proud to share the cap table with over 800 investors of which 52 of them are VC and PE firms with more than $1 billion in AUM.Ĭheck out our Medium article which summarizes our journey so far, onwards and upwards! Our portfolio companies have gone on to raise $2.8 billion of which $2.2 billion was raised after we initially invested helping create over 3,000 jobs globally.
To-date, we've backed 89 portfolio companies and over 160 founders across fintech, enterprise software, healthcare, consumer and deep tech. We are just getting started with our mission of backing exceptional founders at the early stage, its been an incredibly humbling ride so far and the best is yet to come! At AAF Management Ltd., we're excited to announce the launch of our second early stage fund which catapults our committed capital to over $100 million in 5 years!
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