The first artificial intelligence and information technology investment fund

One of the bold investment funds, as the first specialized investment fund in the field of artificial intelligence and information technology startups, received an activity license from the Securities and Exchange Organization and after going through the process of obtaining in-principle approval, underwriting, fund registration and Applying for a license and obtaining an activity license, today, this fund officially started its activity.

Mohammad Milani, the investment manager of this bold investment fund, said: This fund was launched with a capital of 20 billion tomans and soon the amount of capital of this fund will increase.

He stated that the first specialized investment fund for artificial intelligence and information technology has started its activity by obtaining the necessary permits, and stated that this fund plans to provide financial support to startups in the field of artificial intelligence and information technology up to 5 billion tomans.

The investment manager of this fund pointed out: During this period, the fund has reviewed 250 startups, of which 40 startups have been specialized and 10 startups have made their way to the fund’s investment committee and have undergone final evaluation. And currently 3 startups are in the stage of support and investment of this fund.

Milani continued: The investments of this fund will be on startups that are in the early and middle stages of growth and are active in the field of artificial intelligence and information technology.

He stated: In addition to examining startups, there have been extensive communications and collaborations with various groups. In connection with universities, this fund has concluded a memorandum of understanding with the Isfahan Research and Technology Fund and will also conclude memorandums of understanding in the field of artificial intelligence with Tehran and Khajeh Nasir universities.

According to the public relations announcement of this fund, he noted: This fund considers its presence in startup ecosystems as one of its priorities and has established extensive relationships with crowdfunding platforms and other bold investment funds.