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Lightspeed Venture Partners remakes itself around AI, now poised to back Anthropic

1 article1 sourceLast article 11h ago ·

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Lightspeed Venture Partners overhauled its strategy to pursue AI investments after missing early stakes in OpenAI, ElevenLabs and Hugging Face, and is now poised to back Anthropic.

According to one report, co-leaders Ravi Mhatre and Bejul Somaia halted partner schedules in April 2023 for a seven-hour meeting on how the firm should respond to AI.

The report describes the Anthropic investment as prospective rather than completed, so the outcome is not yet confirmed.

Written by AI from the articles below · updated Oct 8, 7:53 PM ET

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Latest developmentOct 8, 1:09 PM ET
Lightspeed Venture Partners Overhauls Strategy to Pursue AI Investments, Eyes Anthropic

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Oct 8
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    Lightspeed Venture Partners Overhauls Strategy to Pursue AI Investments, Eyes Anthropic

    AILightspeed Venture Partners co-leaders Ravi Mhatre and Bejul Somaia halted partner schedules in April 2023 for a seven-hour meeting on how to respond to AI. The firm had missed early stakes in OpenAI, ElevenLabs and Hugging Face, and was poised to back Anthropic.

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