Deepcore, SoftBank's AI investment subsidiary, is planning to raise a second fund that will be larger in size than the $55m vehicle it launched a year ago.
Deepcore, the artificial intelligence-focused fund owned by Japan-based telecommunications conglomerate SoftBank, is looking to raise more than ¥6bn ($55m) for its second fund, Bloomberg reported on Monday.
The firm plans to launch the fund in the next three years, with investments to be targeted at seed and early-stage AI startups in Japan, chief executive Katsumasa Niki told Bloomberg.
Deecpore was formed as an incubator in February 2018, before setting up a $55m AI fund in May the same year. That…
