The new fund will target pre-seed and seed investments within AI with an emphasis on infrastructure and enterprise applications
The firm’s strong track record includes pre-seed funding for Together.ai and seed stage investments in Nous Research, Tensorwave, and Jericho Security; fund investors consist of asset managers, endowments, and family offices from around the world
SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--Cadenza, an early-stage Venture Capital firm with offices in San Francisco and New York City, has announced it has closed a $50 million early stage AI Venture Fund.
This fund is targeting pre-seed and seed opportunities within the artificial intelligence sector with a particular focus on infrastructure and enterprise applications across relevant verticals.
Cadenza has built a robust track record by investing in high-impact technologies and has been active in AI since 2022 when it pre-seeded Together.ai, now recognized as one of the fastest-growing companies of all time. Leveraging this experience, Cadenza has added world-class Venture Partners to the team, including Vipul Ved Prakash (CEO of Together.ai), Charles Srisuwananukorn (Founding Engineer at Together.ai), and Alex Acero (former Distinguished Scientist at Apple). Through these relationships and its deal sourcing systems, Cadenza will continue to make investments in early-stage companies.
To date, the Fund has made ten investments, with noteworthy traction in Nous Research, Tensorwave, Jericho Security, and Axolotl. The Fund's success continues to be further bolstered by a world-class investor syndicate, including VanEck Associates, Aros Capital (Denmark), private wealth managers, US endowments and RIAs, and top single- and multi-family offices across the US, Europe, Asia, and the Middle East.
Cadenza’s Managing Partners, Kumar Dandapani and Max Shapiro, have invested in emerging technologies since 2018, achieving multiple unicorn exits. Mr. Dandapani commented, "The continued advancements in AI models have the potential to dramatically transform businesses to a magnitude that has not been seen since the commercialization of the Internet. Through our expert network, we will continue to identify opportunities in which the effective deployment of AI solutions allows startups to displace incumbent enterprise software providers and create workforce efficiencies.” Mr. Shapiro added “As with our existing venture funds, we will continue to provide our investors with access to high quality, early stage companies while adhering to valuation discipline and efficient use of our investors’ working capital.”
About Cadenza
Cadenza is an early-stage Venture Capital firm with venture funds that focus on blockchain and artificial intelligence. With offices in San Francisco and New York City, Cadenza partners with leading experts and investors to identify and support the most promising global startups.
Contacts
For more information:
Cadenza
info@cadenza.vc
For press inquiries:
Chris Sullivan
Craft & Capital
chris@craftandcapital.com