Founded in 2020, Moonfire Ventures has raised a $115 million second round of investment to invest in European technology and AI startups.
“Venture will always be a relationship business, but it should be powered by data, software, and machine learning to hone and optimize everything we do, from discovery, screening, and evaluation to delivering better insights for our founders,”. “We [can] enhance traditional thesis-driven investing and make decision-making quicker and more effective,” he added.
The news also helps highlight the growth of AI innovation in Europe, which is causing politicians, and the public alike, to examine how AI will be used and where, if required,Earlier this week, for example, Margrethe Vestager, the tech chief of the European Union, announced that the EU and the United States are collaborating on artificial intelligence to establish basic standards before enforcing any legislation.
“We are entering a new decade of AI that is transforming the possibilities of technology and redefining how tech companies are built through greater access, efficiency, and product quality. We want to be there for the founders at the earliest stages powering their growth and being true partners.
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