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Laxman Pai, Opalesque Asia: Santa Monica-based venture outfit March Capital raised its largest fund to date, a $650 million investment vehicle that will be used to back up startups focused on delivering new uses of artificial intelligence.
The venture growth firm said in a press release that March Capital Fund IV is targeting startups building cloud-based business software, including AI, cybersecurity, and data-infrastructure systems.
"Since the firm's inception in 2014, March Capital has delivered top-quartile returns by investing in companies spanning the innovation economy that deliver mission-critical technology and software to leading enterprises around the world," the release said.
According to the release, March Capital's disciplined investment approach is optimized for both absolute returns and liquidity, a strategy that has led to the success of March Capital Funds I, II, and III.
March Capital sees enormous opportunities in the use of Artificial Intelligence (AI) for intelligent business applications, and the firm has extensive experience in investing and building companies with AI at their core. Some of these companies include CrowdStrike, Expel, Forter, ASAPP, Uniphore, ThoughtSpot, Nile, and Generate Biomedicines. With Fund IV, the firm anticipates selectively investing further in a select number of these companies and making 12-15 new meaningful investments.
Jamie Montgomery, March Capital Co-Founder, and Managing Partner said, "As endo...................... To view our full article Click here
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