Sam Awrabi, a 31-year-old venture capitalist, has raised $10 million to exclusively invest in AI startups through his fund, Banyan Ventures. He views AI as a transformative force, predicting advancements will surpass both mobile and web technologies due to significant productivity increases. Banyan Ventures plans to back 36 startups primarily at seed and pre-seed stages, focusing on companies that either reduce AI costs or have unique data access. The fund, led by Awrabi, aims to carve out a niche in the competitive AI landscape, investing between $200,000 and $425,000.
Sam Awrabi has raised $10 million to invest in AI startups, emphasizing that AI is "the dominant force of our lifetime" and will surpass mobile and web advancements.
Banyan Ventures will support 36 AI infrastructure and software companies, focusing on startups that reduce AI costs and provide unique data access to create high-leverage workflows.
The fund will invest between $200,000 and $425,000 primarily in seed and pre-seed stages, targeting companies that have started generating revenue in the AI space.
Awrabi believes that Banyan's specialization in AI infrastructure provides a competitive advantage in a landscape dominated by larger venture capital firms.
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