News Briefs

Walden Catalyst Ventures raises deeptech fund

Led by Young Sohn and Lip-Bu Tan, the inaugural data and AI fund raises more than $550m.

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Early-stage deep-tech firm Walden Catalyst Ventures, led by Young Sohn and Lip-Bu Tan, announced the close of its inaugural fund at over $550 million. The fund will focus on data and AI in the US, Europe and Israel.

Walden Catalyst has already made six deep-tech investments to date. Three of those startups remain in stealth mode and the other three are:

  • AI21 Labs, an AI lab and product company whose mission is to reimagine the way we read and write by making the machine a thought partner to humans.
  • MindsDB, a disruptive in-database Machine Learning platform that plugs to enterprise databases like Postgres, MySQL, Snowflake to name a few, unlocking for its users the power to create and query sophisticated Machine Learning models using simple SQL.
  • Speedata, a developer of the world’s first dedicated accelerated processor for big data analytics across industries.

Source: Press release