Nazar Ventures Launches First Fund Focused on AI Infrastructure | PR Newswire [Video]

The fund will make early-stage AI investments aimed at reducing barriers to entry for building, training, and deploying models.

, /PRNewswire/ — Dr. Steven Waterhouse, an early AI researcher, serial investor, and entrepreneur in crypto, web3, and decentralized technologies, has announced the launch of Nazaré Ventures, an early-stage venture capital fund targeting emerging AI infrastructure. The fund will focus on making AI cheaper, addressing the high costs and centralization plaguing the current AI landscape.

Waterhouse, a key figure in the evolution of decentralized web and privacy technologies, served as a founding Partner at Pantera Capital, overseeing the fund’s shift to Bitcoin in 2013, founded Orchid, a network for incentivizing distributed resources such as VPN nodes, and was a Venture Partner at Fabric Ventures. Nazaré Ventures is his first independent fund as General Partner and reflects his commitment to reshaping the AI landscape by reducing barriers to entry for building, training, and deploying …