Global Frontier Technology Ventures has raised $140 million for its inaugural fund

Venture capital firm Global Frontier Technology Ventures (GFT), founded by former executives from Nvidia and Samsung, has successfully secured $140 million for its inaugural fund. Headquartered in Palo Alto, the fund is strategically focused on early-stage investments in artificial intelligence (AI) startups and pioneering science-oriented companies commonly referred to as “deep tech.”

Co-founder Jeff Herbst highlighted their geographical focus, stating, “Our primary focus will be on the U.S. and Israel,” while underscoring that a significant portion of the fund’s investors originate from Asia. Herbst, who previously held a leadership position in business development and startup investments at Nvidia, emphasized the substantial opportunities presented by startups harnessing AI and data science technologies in a transformative business landscape.

Jay Eum, another co-founder, previously served as the managing director of Samsung’s corporate investment arm, adding to GFT’s wealth of expertise. GFT’s prior investments encompass a diverse range of ventures, including Mars Auto, a South Korean autonomous trucking firm, Switchboard, a U.S. data engineering platform automation platform, and Mighty Health, a U.S. health tech startup.