(San
Francisco, CA) In the year
2013, the first zettabyte of data, traveled the breadth of the internet. Fascinatingly, and during this same year,
Zetta Venture Partners was founded. The
idea was a next generation venture capital firm that, would be strictly focused
on artificial intelligence. The same
way, the first zettabyte of data would ultimately, empower the next generation
of computer software technology businesses.
Every once and a while, artificial intelligence (A.I.) is referred to
as, machine intelligence. The concept of
A.I. is in contrast to natural intelligence that; is seen and displayed by
humans, and, animals. Therefore,
artificial intelligence is intelligence that, is seen and displayed by
machines. Recently, Zetta Venture
Partners announced that, its first two investment funds were successful. Specifically, the aforementioned business
revealed that, it has opened its third investment fund. Zetta Venture’s third investment fund, is
centered on artificial intelligence. The
latter, is officially opened with an allocated amount of $180 million USD.
The $180 million dollar investment
fund, Zetta Venture’s third, does contribute to Zetta Venture’s total assets
that are under management. The previous,
has a reported value of $365 million USD.
However and returning to; artificial intelligence, the aforementioned
concept is also informal, or, conversational.
As an informal or conversational term, A.I. refers to the ability to
mimic cognitive functions. These human
functions, generally speaking, are associated with the human mind. For example, the cognitive functions learning
or problem solving. From this point, a
second concept can be extrapolated. The
second concept relates specifically, to computer software. Artificial intelligence, as a computer
software concept, is the study of computer algorithms. These computer algorithms have the ability to
improve, as a result of, the user’s experience.
As it relates to the 21st century, artificial intelligence
(A.I.) techniques have experienced a swell of interest. The latter is due to the fact that; computing
power has increased, along with, the emergence of the capability of large
amounts of data. The combination of the
former and the latter, has fueled a theoretical understanding of artificial
intelligence. As a result computer
science, software engineering and operations research have all embraced
artificial intelligence.
Returning to; Zetta Venture’s third
investment fund, the aforementioned is based on a belief. The belief is that, the case for building
artificial intelligence businesses, has never been more compelling. As a result of this belief, Zetta Venture
Partners strives to be a hard working business partner. As a business partner, the aforementioned
business knows exactly what it takes to build an A.I. centered business. Additionally, through its $180 million dollar
investment fund, this business wants to do the following. First, it wants to invest in artificial
intelligence centered businesses that, have a business to business (B2B)
business model. Second, the investment
range is between $1 million USD, and, $3 million USD. Pre-traction and post data startups with
predictive client models, are the desired businesses.
Ross Schibler is the Founder and the
Chief Executive Officer of Opsani.
Through a press statement, Mr. Schibler said the following. “We decided to team with Zetta because of their
unique expertise navigating the challenges of bringing AI to market. The team at Zetta is insightful, motivated,
well-connected and well-respected. They
look at things from the entrepreneur’s perspective. Zetta is a superb partner in building a great
technology company.” Anthony Goldbloom
is a Co-Founder and the Chief Executive Officer of Kaggle. Through a press statement, Mr. Goldbloom said
the following. “As an AI-focused fund,
Zetta understood our business and community at a deep level. They helped us navigate big decisions ranging
from building the business and raising capital through to our acquisition by
Google.”
To end, Zetta Venture Partners did
release press statements. Mark Gorenberg
is the Founder and a Managing Director of Zetta Venture Partners. Through a press statement, Mr. Gorenberg said
the following. “AI has largely been
about augmenting and automating human labor.
But the next wave of AI is about creating and understanding complex
systems such as the environment, human biology, cybersecurity and the global
economy.” Jocelyn Goldfein is a Managing
Director of Zetta Venture Partners.
Through a press statement, Ms./Mrs. Goldfein said the following. “So many people are feeling pessimistic about
the future right now. Those concerns
should motivate us to work harder to invent new solutions and build resilience
into our systems, whether that’s health care, disaster response, environmental
protection or economic safety nets.
These problems look like opportunities to great entrepreneurs, and we
are grateful to have the chance to provide the earliest support to the founders
who are rising to the challenge with innovative ideas.” Ash Fontana
is a Managing Director of Zetta Venture Partners. Through a press statement, Mr. Fontana said
the following. “We help companies solve
the specific challenges of building an AI-first company, such as gathering
data, building machine learning teams and marketing the value of predictive
systems.” As previously stated, Zetta
Venture Partners recently announced that, its first two investment funds were
successful. Specifically, the
aforementioned business revealed that, it has opened its third investment
fund. Zetta Venture’s third investment
fund, is centered on artificial intelligence.
Lastly and the latter, is officially opened with an allocated amount of
$180 million USD.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
04/17/2020
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