TOP STORY | Issue 45

Venture Capital Drawn to AI and Data FinTechs as Next Connected Economy Unicorns

via pymnts.com

The connected economy is materializing so quickly that existing digital infrastructure is starting to fall behind — especially regarding how data is used to solve business problems. In a recent conversation with Karen Webster, David Blumberg, founder and managing partner at the VC firm Blumberg Capital, talked about closing the company’s fifth early-stage venture fund of $225 million, and the new breed of global FinTechs it’s going into — chiefly those using artificial intelligence (AI) and machine learning (ML) to decode and deploy data in new ways.

 

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