Artificial intelligence venture company Gradient Ventures spun out from Google in order to better position itself to close deals, The Wall Street Journal reported on Friday, citing persons familiar with the matter.
The firm's principals wanted Gradient to become a completely autonomous company because several startup founders are reluctant to accept funding from strategic investors, as they are worried about possible competition, the sources added.
According to a regulatory filing, Gradient Ventures is currently run by a new management firm. Google is one of several limited partners funding the venture fund while Zach Bratun-Glennon and Darian Shirazi remain managing partners of Gradient. Google founded Gradient Ventures in 2017 for technical mentorship for early-stage startups focused on artificial intelligence.
https://breakingthenews.net/Article/Gradient-Ventures-said-to-spin-out-of-Google/64924229
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