Venture firm SignalFire, known for its data-driven investing approach, has raised over $1 billion in fresh capital.
SignalFire integrates AI into every aspect of its investing process, helping identify startups and assisting portfolio companies with recruiting and product marketing.
The new funding brings SignalFire's total assets under management to about $3 billion, making it an established manager in the industry.
The firm's focus on seed and pre-seed startups, along with its ability to invest at later stages, attracted interest from large institutional investors.