Posted 12/21/2023, 7:48:05 PM
Red Cell Raises $91M Fund to Incubate AI and Machine Learning Startups in Healthcare and Defense
- Red Cell Partners raised a $91.2 million fund, RCIF I, to invest in AI and ML startups in healthcare and defense
- The firm incubates companies in these areas, providing support to build them into viable businesses
- Areas of focus include making healthcare data more accessible and predictive, and innovative defense tech
- One example is Defcon AI, which optimizes military logistics with ML algorithms
- Managing investments is Roger Ferguson, former Vice Chairman of the Federal Reserve and first VC role