- Sapphire Ventures plan to invest over $1 billion in AI-based enterprise start-ups, using its existing funds that hold $10 billion, with $3 billion ready for investment.
- The company’s focus will lie on business-to-business software companies that make AI easily accessible and can predict better outcomes, along with startups that leverage AI and machine learning to boost sector-specific income streams.
- As part of this initiative, Sapphire also plans to create an ‘AI Community’ on its Sapphire Communities platform for portfolio CEOs and executives, and incorporate AI tools to ‘drive efficiencies’.
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