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BAG Ventures, a new firm founded by two former Google employees, has closed its first fund at $11.3 million. The fund will focus on investing in AI startups, particularly those building products that enterprises are willing to pay for rather than experimental or hype-driven tools.
The firm's launch reflects a broader shift among investors toward AI companies with clear business models and paying customers, rather than speculative technology plays. Details on the fund's specific investment targets or portfolio companies were not disclosed.
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