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Together Fund is set to invest in approximately 25 AI startups through its second fund, with each deal averaging between $3 million and $5 million. The total fund size is $150 million, which is expected to be allocated over the next 24 months. This initiative aims to support seed stage and Series A startups that are developing AI applications and solutions.
The fund's co-founder, Manav Garg, emphasizes that AI startups can scale revenue more quickly than traditional SaaS companies. With a focus on verticalized solutions, Together Fund anticipates that several portfolio companies will reach $100 million in revenue within the next few years. The fund has already backed 31 startups, including 16 that are AI-focused, and continues to receive a high volume of applications from promising AI entrepreneurs.
• Together Fund plans to invest in 25 AI startups for rapid scaling.
• AI startups are expected to generate revenue faster than SaaS companies.
AI startups are companies focused on developing artificial intelligence technologies and applications.
Series A investments refer to the first round of funding for startups, typically used for scaling operations.
Verticalization involves tailoring AI solutions to specific industries or domains to enhance scalability and effectiveness.
Together Fund is an investment firm focused on backing AI and SaaS startups to drive innovation.
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