Foundry Management launches to help founders build industrial AI companies
The launch announcement says selected technologists will get access to an Atlas Holdings portfolio representing $26 billion in annual revenue.
TLDR
An October 1 announcement says Foundry Management was formed by a16z and Atlas Holdings to help founders build AI companies in industrial sectors. It says a small group of technologists will work alongside operators and management at Atlas portfolio businesses, which it puts at $26 billion in annual revenue. If a project shows potential as an independent business, the announcement says a16z and Atlas will support its creation, with the technologist leading as founder and CEO.
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