BAG Ventures closes $11.3M AI fund

BAG Ventures closed an $11.3 million fund for early-stage AI startups after investing in 10 companies, with checks ranging from $100,000 to $500,000. The fund targets AI infrastructure, compute, physical and edge AI, security, governance, and vertical SaaS, with the remaining capital planned for deployment over two years. Its thesis is that enterprise buyers are shifting from per-seat experiments toward paid jobs and outcomes; the archive’s AI-employees cost study makes same burden explicit: measure completed work and unit economics before trusting agentic growth claims.