“Exponent raised a €750m single-asset CV for H&MV Engineering, an Irish provider of high-voltage engineering and power infrastructure services. Backers include Apollo S3, Pantheon, and SQ Capital.”
“ChipAgents, which offers an AI platform for semiconductor design and verification, added $60 million to its Series A from investors including B Capital, Bessemer Venture Partners and Micron.”
“The firm's internal tool, Bee Hive, 'now uses AI to build most of the firm's investment committee memos, takes notes, and can form pro and cons for potential deals.'”
“Co-CEO Raj Ganguly and incoming CAIO Andrew Jackson assess AI's capabilities as roughly equivalent to 'a very smart, eager to please, and ambitious [intern] ... but we wouldn't turn decision-making on investments to that summer intern.'”
“made first acquisition (Russell Investments for ~$2.8B with CalPERS)”
“B Capital's new CAIO Andrew Jackson will be involved in 'our investing, our diligence, our investing in AI to how we're building our own AI tools and actually building our own AI businesses,' according to co-CEO Raj Ganguly.”
“raised $500M early-stage fund in June.”
“B Capital's AI work so far has been championed by co-CEO and Facebook co-founder Eduardo Saverin.”
“B Capital 'set up a Middle East office in Doha last year, where Jackson is expected to split part of his time.'”
“B Capital raised a $500 million early-stage fund to back seed through Series B AI companies in technology, energy, and healthcare across North America and Asia.”
Source→“Kaon AI | AI interactive entertainment | AI-native entertainment creation; $60M raise for personalized story worlds | Raised $60M from B Capital, Redpoint Ace, Goodwater, DCM.”
“Reflection AI raised $2.5 billion at a $27.5 billion valuation from Nvidia, Sequoia, Lightspeed, JPMorgan and B Capital.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.