US EditionCathay Innovation Closes $1 Billion Fund to Accelerate Vertical AI in Critical Industries
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The venture capital company Cathay Innovation has finalized its third AI fund, Fund III, with $1 billion. The fund aims to support the transformation of key sectors such as health, energy, finance and consumption through AI, in partnership with major companies such as Sanofi, TotalEnergies, Valeo, among others. It has already invested in 14 start-ups in Europe, the United States and Asia.
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