BOSTON, July 12, 2018 (GLOBE NEWSWIRE) -- Glasswing Ventures, an early-stage venture capital firm investing in the next generation of AI startups, announced it has raised its first fund. At $112 million, it is the largest AI-focused debut fund on the East Coast. Glasswing invests in early stage companies, harnessing the transformational power of AI and complementary frontier technologies to create the intelligent platforms of the future.
Founded by Rudina Seseri and Rick Grinnell and joined by Sarah Fay, Glasswing Ventures is built on their deep experience and successful track-records in the high-tech and venture capital industries. The three partners’ experience is extended by an unparalleled group of renowned advisors that compose Glasswing’s Connect, Protect and Entrepreneurs Lead-in Councils – consisting of globally recognized technologists and AI visionaries, successful entrepreneurs, and Fortune 500 executives – who support the firm and its portfolio companies on an exclusive basis.
“Raising an AI-focused fund on the East Coast is just the beginning for Glasswing Ventures,” said Rudina Seseri, Founder and Managing Partner. “As we embark on a journey to shape the future, we are laser-focused on investing in exceptional founders who leverage AI to build disruptive companies and transform markets. Beyond providing smart capital, we are firmly committed to supporting our entrepreneurs with all facets of building and scaling their businesses.”
Glasswing also leads the charge on gender equality at a time when the percentage of female investing partners in VC firms is still in the single digits. “As a majority women-led VC firm, we are incredibly proud to lead by example and disrupt the status quo in our industry,” continued Sarah Fay, Managing Director.
Glasswing Ventures is funding entrepreneurs who are leading the AI revolution and capitalizing on the intellectual might of the nation’s premier academic institutions and the exceptional talent of the East Coast, an epicenter of AI, enterprise, and cybersecurity startups. “We are excited to have created a firm that’s deeply connected to AI innovation in the East Coast,” said Rick Grinnell, Founder and Managing Partner. “This is a pivotal time for the future of AI and we are laying the groundwork to drive growth and successful outcomes.”
About Glasswing Ventures:
Glasswing Ventures is an early-stage venture capital firm dedicated to investing in the next generation of AI startups and frontier technologies that connect consumers and enterprises and secure the ecosystem. For more information about the firm please visit: http://glasswing.vc
Press contact:
Ilona Mohacsi
PenVine for Glasswing Ventures
+1 631 764 3729
ilonam@penvine.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ea9a66eb-1cda-465e-b4fc-f35bdf3d8977