March 13, 2018

Rarely late to the party, venture capital firms are using machine learning and artificial intelligence to sift through potential investments, and the results are impressive.

Roberto Bonanzinga, co-founder of InReach Ventures, told the paper that his job “used to be about getting on a plane once a week and going to a different European city to try to find people who were doing interesting things. I would look at 50 companies a day, maybe 1,500 a month, and, of those, maybe 100 would get to the next level,” he said. “We would do one deal a month.”

The full article can be read here: https://www.ft.com/content/dd7fa798-bfcd-11e7-823b-ed31693349d3