AI Cognitive Ventures

Press Release: Edward T. Bianco Announces Sale of AI Cognitive Ventures to Golden Gate Ventures

For Immediate Release

AI Cognitive Ventures Joins Forces with Golden Gate Ventures to Amplify AI Investment Leadership

Singapore – January 2, 2025—Edward T. Bianco, Founder and CEO of AI Cognitive Ventures (AICV), announced the firm's acquisition by Golden Gate Ventures on December 31, 2024. This strategic move enhances AICV's capacity to drive innovation in the artificial intelligence sector, leveraging Golden Gate Ventures' extensive resources and global network.

A Legacy of AI Investment Excellence

Founded in 2019, AICV has been at the forefront of AI-focused venture capital, investing in early-stage startups that are redefining industries through advancements in:

• Machine Learning and Deep Learning: Supporting companies developing advanced neural networks and predictive algorithms.

• Computer Vision: Backing innovations crucial for autonomous vehicles, security, and healthcare.

• Natural Language Processing: Investing in startups revolutionizing human-computer interactions.

• AI in Medicine: Transforming healthcare delivery and diagnostics through AI.

• Autonomous Systems: Advancing technologies in autonomous transportation, logistics, and surveillance.

Under Bianco's leadership, AICV also pioneered syndication models, democratizing access to high-quality AI investment opportunities.

Strategic Rationale for the Acquisition

The decision to join Golden Gate Capital stems from a shared vision to accelerate the growth and impact of AI technologies globally. This partnership ensures that AICV can continue to support transformative startups with enhanced resources and a broader network.

Leadership Transition

With the acquisition, Edward T. Bianco will step down as CEO and focus on new projects, advisory roles, and mentoring emerging AI entrepreneurs. The existing AICV team will remain in place, ensuring continuity for investors and portfolio companies.

Statements from Leadership

"The integration of AICV into Golden Gate Ventures marks a significant milestone in our mission to back visionary AI entrepreneurs," said Edward T. Bianco. "I am confident that this partnership will amplify our ability to drive innovation and create value for our stakeholders."

Golden Gate Ventures Executive's James Weng, Managing Partner at Golden Gate Ventures, added, "We are thrilled to welcome AICV into our portfolio. Their expertise and track record in AI investments align perfectly with our strategic objectives, and together, we aim to lead the next wave of AI innovation globally."

About AI Cognitive Ventures

AI Cognitive Ventures is an early-stage venture capital firm investing in startups redefining artificial intelligence. Focusing on machine learning, computer vision, natural language processing, AI in medicine, and autonomous systems, AICV partners with visionary founders to drive technological breakthroughs.

About Golden Gate Ventures

Golden Gate Ventures is a leading Asia-based venture capital firm specializing in strategic investments across various sectors, including technology and artificial intelligence. Committed to supporting innovative companies, Golden Gate Ventures leverages its resources and expertise to drive growth and value creation.