2 hours ago - Business

Ex-White House AI advisor is raising $500 million VC fund

Dan Primack

Sriram Krishnan, who stepped down in June as the White House's senior policy advisor on AI, is seeking to raise around $500 million for a new venture capital fund, Axios has learned.

Zoom in: The fund, which is in its early stages, is expected to focus on growth-stage AI companies that have relevance to national security for the U.S. or allied nations.

It doesn't yet have a name, and Krishnan is in the process of building a team.
After leaving the White House, Krishnan had talked about forming a sort of AI-focused Hoover Institite. Those plans seem to be on hold, although could become part of the new effort.

Catch up quick: Krishnan came to the White House after having been a partner with venture capital giant Andreessen Horowitz. Prior stops were at Snap, Twitter, and Facebook.

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Ex-White House AI advisor is raising $500 million VC fund

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