The fund will be focused mainly on Series B and Series C rounds, based on a software model which eliminates 'human judgement.'
Revolut founder Nik Storonsky is set to launch his own venture capital fund, powered by artificial intelligence.
"We are built as a technology company by a team of tech unicorn founders, quant traders, AI scientists and engineers," the QuantumLight. The fund will identify investment opportunities using a machine called Aleph as its"proprietary quantitative decision engine." The neobank founder has spent the last year building a team of data scientists and engineers to browse LinkedIn, corporate filings and other public databases in order to identify fast-growing startups. He will also hire in a CEO to head up the fund, according to the Forbes report.
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