The Hive Raises $26.5 Million to Encourage Growth of AI Startups

The Hive, is a venture fund and co-creation studio which actively builds and fosters start-ups that focus on AI-powered applications in the enterprise. It announced its closing of the third-fund (The Hive III) at $26.5 Million in capital investments. The investment earned would help The Hive co-create more than seven start-ups in the next three years. The Hive III fund is focused on early-stage companies which help in creating value and driving disruption using AI in the enterprise and other key indicators. Until date, The Hive III has co-created two startups, Decision Engines, and Live Objects.