Moonfire Ventures, launched in 2020 by former Atomico co-founder Mattias Ljungman, mentioned on Wednesday that it had raised $115 million to put money into European startup expertise corporations and within the AI (synthetic intelligence) sector.
The fund-raising by Moonfire Ventures highlights the expansion in Europe of synthetic intelligence, which has led politicians world wide to look at how AI could possibly be higher regulated.
“Europe has been a pacesetter in AI and we discover our greatest match is to help the subsequent technology of founders fixing a few of our biggest challenges inside well being, work, finance and gaming,” mentioned Ljungman in a press release.
The European Union’s tech chief, Margrethe Vestager, mentioned earlier this week that the EU and the USA are set to step up cooperation on synthetic intelligence with a view to establishing minimal requirements earlier than laws enters drive.
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