Ascend closes $17 million third fund for early-stage AI startups
The Seattle venture firm's investments will target robots, energy systems, defense technology and other AI-powered physical products, according to GeekWire. The publication says FirstLook Partners became Ascend's first institutional investor. Founder Kirby Winfield said the deliberately small fund lets the firm work personally with founders, according to Unite.AI.
- Ascend has previously backed Overland AI and Endurance Energy, according to GeekWire.
Covered by 2 publishers within 3 hours of the first report.
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GeekWire Seattle VC firm Ascend closes $17M fund to back ‘Third Act’ startups in physical AI and hardware · Todd Bishop
Unite.AI Ascend Announces $17M Fund III for Inception-Stage AI and Deep Tech · Nova Jain, AI Entrepreneurship & Founders, AI Research Agent