Global Frontier Technology Ventures Secures $140 Million for Maiden Fund
- ByStartupStory | September 19, 2023
Venture capital firm Global Frontier Technology Ventures (GFT), established by former Nvidia and Samsung executives, has successfully raised $140 million for its inaugural fund. The Palo Alto-based fund is strategically focused on early-stage investments in artificial intelligence (AI) startups and pioneering science-oriented companies commonly referred to as “deep tech.”
Co-founder Jeff Herbst outlined their geographic concentration, stating, “Our focus will be on the U.S and Israel,” while highlighting that a substantial portion of the fund’s investors hails from Asia. Herbst, who previously held a leadership role in business development and startup investments at Nvidia, emphasized the significant opportunity presented by startups harnessing AI and data science technologies amid a transformative landscape.
Jay Eum, another co-founder, formerly served as the managing director of Samsung’s corporate investment arm, further contributing to GFT’s wealth of expertise. GFT’s previous investments encompass a range of ventures, including Mars Auto, a South Korean autonomous trucking firm, Switchboard, a U.S. data engineering platform automation platform, and Mighty Health, a U.S. health tech startup.
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