In July, the firm announced its first dedicated seed fund focused on AI called AI Start.
Prior to launching AI Start, Mayfield had already backed 25 early-stage startups in the space like MindsDB.
Reddy's background makes him a perfect fit to lead the $250 million fund, Chaddha told Business Insider.
This year, Chaddha tapped him to lead its new AI seed fund.
With the AI Start fund, the team plans to double down and lead deals in seed stage and pre-seed generative AI startups, as well as AI infrastructure startups with an enterprise focus.
Persons:
Mayfield, Vijay Reddy, who's, Reddy, Navin Chaddha, Mayfield's, Chaddha, He's
Organizations:
Business, Intel Capital, Cisco, Clear Ventures, Mayfield
Locations:
Mayfield