Index Ventures raises £1.8bn to fuel AI innovation

Quick Summary:

Index Ventures has raised £1.8 billion from institutional investors to leverage recent breakthroughs in artificial intelligence.

Index has allocated £620 million for early-stage startups and £1.2bn for later-stage companies with a focus on AI-based companies.

The firm has explored AI’s impact on fields ranging from accounting to molecular research and data centre optimisation.“It’s an incredibly exciting time to invest,” said Jan Hammer, a partner at Index, likening the AI platform shift to the arrival of PCs, smartphones and cloud computing.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Raises Billion Index £620 Early-stage Allocated Breakthroughs Ventures Startups Million Leverage

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 19:42:56 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 245 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21644564

View Article Analysis

About BusinessCloud

Main Topics: InvestingBusiness

Official Website: businesscloud.co.uk

Update Frequency: 5 posts per day

Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #61

Publisher Details

Frequently Asked Questions