Ayesha Arora-Hughes Seeks Over $100 Million for AI Venture Fund
Photo: TokenPost
Ayesha Arora-Hughes is seeking more than $100 million for a fund backing AI applications and infrastructure, with Palo Alto Networks Chairman and CEO Nikesh Arora advising the firm. Permanent Partners Collective Fund I LP is the vehicle for the planned investments. The more than $100 million figure is a fundraising target, not capital already raised. As of Sept. 18, the fund had sold $0 to zero investors and had not made its first sale. Its Form D notice to the SEC listed the offering amount as indefinite. The fund is a Delaware limited partnership based in San Francisco.
Source: TokenPost
