AI Powerhouse GFT Ventures Raises Oversubscribed $140M Inaugural Fund, Led by Jeff Herbst formerly of NVIDIA and Jay Eum formerly of Samsung Ventures
Attention tech enthusiasts! There’s a hot new venture capital firm in town, and they’re ready to take the AI world by storm. GFT Ventures, based in Palo Alto, CA, has just closed its inaugural fund, raising an impressive $140 million. But that’s not the most exciting part – the fund is led by two industry veterans who know a thing or two about success in the tech world.
Introducing Jeff Herbst, a former executive leader at NVIDIA, and Jay Eum, the founding Managing Director of Samsung Ventures and co-founder of TransLink Capital. These powerhouses have teamed up to support early-stage startups that are dedicated to advancing Artificial Intelligence (AI), Data Science, and other frontier technologies. Talk about a dream team!
The fund will be investing in category-leading startups, particularly those in the Seed and Series A stages, located in the US and Israel. These startups are developing disruptive technologies that aim to solve the world’s toughest tech problems for the largest markets. In other words, they’re going after the big players, and they mean business.
According to Jeff Herbst, the world of technology is changing rapidly, and traditional business models need to evolve if they want to stay relevant. The startups that GFT Ventures partners with will benefit from increased collaboration with enterprises, as we enter what could be the most exponential tech cycle of our lifetimes. So, get ready for some serious innovation and disruption!
But who exactly are these tech titans leading the charge at GFT Ventures? Well, Jeff Herbst spent a whopping 20 years at NVIDIA, serving as the Vice President of Business Development. He was responsible for the company’s startup and VC ecosystem development, as well as global mergers and acquisitions. This guy knows the ins and outs of the tech world like no other.
And let’s not forget about Jay Eum, who was previously the founding Managing Director of Samsung Ventures. He’s been investing in AI and other deep technologies for over two decades, and he knows what it takes to make a startup successful. With his extensive network and experience, GFT Ventures is poised for unparalleled success.
So, what’s next for GFT Ventures and its portfolio of innovative startups? Well, according to Jay Eum, they’re embarking on a transformative journey in the realm of AI and other frontier tech investments. With their track record and network of founders and corporates, they’re positioning their portfolio companies for unmatched success. The potential is limitless, and the impact on the global tech landscape will be enormous.
But what do you think? Are you excited about the future of AI and frontier technologies? Do you think GFT Ventures has what it takes to make a lasting impact? Leave a comment below and let us know your thoughts!
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