Mary D'Onofrio, previously a partner at Bessemer Venture Partners, has joined Crosslink Capital to lead its crossover fund targeting AI vertical software and infrastructure investments. She highlights the fast changes within the AI landscape, noting a unique opportunity to invest in AI-native companies and to assist existing ones in adjusting their strategies. D'Onofrio emphasizes a focus on fewer, high-conviction deals amid varying valuations in the AI sector, and outlines Crosslink's diverse investment strategy across early-stage, growth, and public markets to accommodate different companies' needs.
D'Onofrio will lead Crosslink's crossover fund, focusing on Series B-plus investments in AI vertical software and infrastructure.
I think there's an interesting opportunity to have a fun strategy that takes advantage of the dislocation that AI is creating.
It's still a little bit of a tale of two cities [when it comes to valuations], some AI companies are getting valued incredibly highly.
Crosslink has a three-pronged strategy of early-stage venture, growth, and public investing, allowing for dexterity in serving companies.
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