Rex Salisbury’s Cambrian Ventures Raises New Fund, Bucking Fintech Slowdown
Rex Salisbury, founder of Cambrian Ventures, has recently announced the successful raise of a new fund, despite the current slowdown in the fintech industry. This news comes as a surprise to many, as the fintech sector has been experiencing a decline in funding and deal activity.
In an interview, Salisbury shared that their latest fund has reached its target amount, with a significant increase from their previous fund. He attributes their success to their focus on “Tokenized AI” technology, which has been gaining traction in the market.
The use of AI in the financial industry has been on the rise, with more companies turning to AI-powered solutions to improve efficiency and accuracy. Salisbury’s team at Cambrian Ventures has been utilizing their “AI Tool Picks” to identify promising startups in this space.
AI M&A Dealflow on the Rise
Salisbury also revealed that their “DePIN Watch”, an AI-powered tool that tracks and predicts M&A deals in the fintech industry, has reported a significant increase in activity. This further supports the notion that AI is becoming a crucial aspect of the financial sector.
The rise of “Tokenized AI” and “AI M&A Dealflow” has attracted the attention of investors, resulting in a surge of funding for AI startups. Salisbury stated that this trend has been reflected in Cambrian Ventures’ “Prompt Vault”, their database of AI startups, which has seen a record number of new entries in recent months.
Market Pulse: AI Funding News
The latest funding news from Cambrian Ventures serves as a positive sign for the fintech industry, which has been struggling amidst the pandemic. It also highlights the growing importance of AI in the financial sector and its potential for growth.
With the success of their new fund, Cambrian Ventures is well-positioned to continue supporting and investing in innovative AI startups. This is a promising development for the “Market Pulse” of the fintech industry, as it shows that despite the challenges, there is still significant interest and potential for growth in the AI space.
