Betaworks’ third fund closes at $66M to invest in early-stage AI startups

Betaworks, a prominent venture capital firm, has closed its third fund at $66 million. The fund is primarily focused on investing in early-stage AI startups. Betaworks has been actively involved in the AI space since 2016, recognizing the potential of this rapidly evolving technology. With the new Fund III, the firm aims to make at least 25 pre-seed to seed investments, as well as an additional 50 investments in various startups. This move by Betaworks underscores the growing importance and potential of AI-driven technologies across different industries. The firm's decision to allocate a significant portion of its resources to this sector reflects the belief that AI will continue to be a driving force in shaping the future of technology and innovation. The closure of this $66 million fund highlights Betaworks' commitment to nurturing and supporting the next generation of AI-focused startups, which could have a profound impact on the industry and society as a whole.