SignalFire, a venture capital firm based in San Francisco, has raised over US$1 billion to invest in AI startups.

This funding increases the firm’s total assets under management to US$3 billion, as announced on Apr. 7.

The firm intends to primarily use the newly raised funds for early-stage startups focused on AI-driven applications.

Founded in 2013, SignalFire has positioned itself as an early adopter of AI in the venture capital industry.

The firm’s portfolio includes notable companies such as Grammarly, EvenUp, ClassDojo, and Flock Freight.

🔗 Source: Bloomberg