Emergence Capital raises $435 million fund for enterprise AI investments

Emergence Capital today announced it has raised a $435 million fund to invest in companies that use machine learning to help people increase productivity at work. The fund will focus especially on companies that provide coaching powered by data and conversational AI to help people perform their jobs better. Emergence has previously made a number of similar investments, including in call center analysis company Chorus.ai; "Any domain that you and I now spend our time in every day will in the future have a coaching network company that owns that domain. That's where the world is headed, in our opinion," cofounder and general partner Gordon Ritter told VentureBeat in an interview.