The use of artificial intelligence (AI) has become increasingly popular in recent years, with many businesses investing heavily in the technology. Two of the most notable investors in AI-based companies are Spark Capital and Lunden Ventures, who have recently invested a combined total of $380 million into various AI-based companies. This article will discuss the investments made by both Spark Capital and Lunden Ventures, as well as how the AI-based industry is being impacted by these investments
Spark Capital’s $80 million Investment:
Spark Capital is one of the leading venture capital firms in the world, having invested in companies such as Twitter, Tumblr, Oculus, and Slack. Recently, Spark Capital has turned its attention to AI-based companies, investing a total of $80 million in various AI-based startups. The companies chosen by Spark Capital include Vicarious, a computer vision startup, and Kindred AI, a robotics startup. Both of these companies have made use of AI to develop groundbreaking technology, and their success is a testament to the potential of AI-based companies.
Lunden Ventures’ $300 million Investment:
Recently, Lunden Ventures, a Silicon Valley venture capital firm, invested a total of $300 million into AI-based companies. The companies chosen by Lunden Ventures include DeepMind Technologies, an AI research firm, and Vicarious, the same computer vision startup as previously mentioned. In addition to these two companies, Lunden Ventures also invested in a number of other AI-based startups, including CognitiveScale, a machine learning startup, and Indico Technologies, a natural language processing startup.
Impact on the AI-Based Industry:
The investments made by Spark Capital and Lunden Ventures are having a major impact on the AI-based industry. For starters, the investments have increased the visibility of AI-based companies, which has led to an influx of new investors in the industry. Furthermore, the investments have provided a major boost to AI-based startups, allowing them to expand their operations and develop new technologies. The investments have also helped to attract top talent to the industry, leading to the development of even more innovative technologies.
The investments made by Spark Capital and Lunden Ventures have had a major impact on the AI-based industry. The investments have increased the visibility of AI-based companies, providing a major boost to the industry. Furthermore, the investments have allowed AI-based startups to expand their operations and develop new technologies. As the AI-based industry continues to grow, the investments made by Spark Capital and Lunden Ventures will become even more important.