AI Venture Builder to Raise $2.5M to Launch AI Companies
Summary
Miami, FL-based AI Venture Builder has launched its flagship artificial intelligence venture builder, with plans to raise up to $2.5m from equity partners. AI Venture Builder was launched in the first quarter of 2019 as a result of multi-year execution and investments in machine learning, deep learning, neural networks, computer vision and broad AI applications. To mitigate risks typically associated with early-stage startups, the organization engaged Rokk3r Inc. (OTC: ROKK), a public idea-to-exit startup company builder, to leverage its startup co-building methodology, whose team has launched more than 40 companies to date, with more than 80% still operating at scale. Led by Naheem Charania, Managing Director, the builder expects to launch up to four AI companies by the end of 2019. The equity partners expect to see returns over a period of 18 months to 2 years.