Radical Ventures Nears $800M Fundraise, Boosting AI Investment Landscape

23/08/2024

Radical Ventures, the Canadian VC firm founded by Jordan Jacobs and Tomi Poutanen, is nearing closure on their $800 million fund focused on later-stage AI companies. This substantial raise will bring Radical’s total managed assets to $1.8 billion and underscores the continued investor confidence in innovative AI solutions despite challenges facing the broader VC industry.

Notable portfolio companies include:
✅ Cohere – Natural language processing leader
✅ Covariant – AI-powered robotics pioneer
✅ Untether AI – AI chip development innovator
✅ Genesis Therapeutics – AI-driven drug discovery company

This fundraising demonstrates the ongoing growth potential of AI technologies across numerous sectors and reflects Radical Ventures’ strategic approach to identifying promising AI startups early in their lifecycle.

At GlenFlow, we’re excited to see such substantial investment in diverse AI applications. This development aligns with our commitment to AI innovation through our ScaleFlowAI suite, and we’re eager to see the transformative impact these companies will have on their respective industries.