Betaworks third fund closes at $66M to invest in earlystage AI startups | TechCrunch
News Source : TechCrunch
News Summary
- New York-based Betaworks has closed its $66 million Fund III.
- The new fund will focus on agents, native AI interfaces, and application-layer AI.
- Fund III will seek to invest in at least 25 pre-seed to seed investments, as well as make at least 50 investments into startups as part of the Betawork Camp program.Betaworks previously raised a $46 million Fund II in 2020, and a $48 million Fund I in 2016.
- It launched in 2008 as a venture studio, and has since become a staple in the New York City tech ecosystem.
New York Citybased Betaworks has closed its $66 million Fund III, which will focus on investing in earlystage AI companies.Betaworks has been investing in AI since at least 2016 and, through its [+1261 chars]
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