Seed-to-series venture capital firm Stellaris Venture Partners, currently investing from its $225 million second fund, is betting big on startups innovating with artificial intelligence technology, the company says. Alok Goyal, Partner at , talked about AI: “The biggest trend of our time.”
“For the first time, we are seeing a world where machines are actually more capable than humans in most common cognitive tasks,” Goyal said in a conversation with Fe. He added that he envisions major changes.
“If you look at the birth of computer networks that happened in the early '80s, it grew brick by brick. In 1994 and 1995, what we now call the Internet began to take shape. Building the Internet. It took 10 to 20 years, but internal networks have been around for even longer. The same thing is happening with AI today, but at the time, computing power, “The data, the sophisticated models didn't exist,” he said.
Investors from all over the country are pouring in capital, not just Stellaris.
For Stellaris, Goyal said there are three big themes to focus on within the AI industry.
Stellaris has previously invested in companies such as Mamaearth, Whatfix, Propelld, Kiwi, Signzy, Turno, BeepKart, and Zouk. Typically, he makes fewer than 10 investments a year, and each check he makes is between $500,000 and $6 million. “We strongly believe that you should invest when the world is really slowing down, and that it's okay to be slow when the world is going crazy,” Goyal said.
