Venture Capital Drawn to AI and Data FinTechs as Next Connected Economy Unicorns

The connected economy is materializing so quickly that existing digital infrastructure is starting to fall behind — especially regarding how data is used to solve business problems.

In a recent conversation with Karen Webster, David Blumberg, founder and managing partner at the VC firm Blumberg Capital, talked about closing the company’s fifth early-stage venture fund of $225 million, and the new breed of global FinTechs it’s going into — chiefly those using artificial intelligence (AI) and machine learning (ML) to decode and deploy data in new ways.

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