Vermilion Cliffs Ventures closes $25M Fund II to invest in AI and security startups

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Solo general partner Ashley Smith has announced the close of a $25 million second fund under Vermilion Cliffs Ventures. The announcement was made on Wednesday, marking a new chapter for the venture firm. The fund is focused on backing early-stage startups operating in areas such as artificial intelligence and cybersecurity. Smith runs the firm independently as a solo GP, directing capital toward emerging technology sectors.

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