When artificial intelligence giant Anthropic closed a staggering $US13 billion funding round early this month, Australia’s biggest venture capital firms watched from the sidelines as some of the world’s largest investment firms bought in.
Among them, however, was a low-profile Melbourne fund manager, which is making a habit of taking stakes in the hottest AI companies globally.
This Melbourne fund manager has increasingly stood out for its contrarian approach. While most domestic investors shy away from early exposure to cutting-edge AI ventures, it has built a reputation for spotting opportunities ahead of the crowd. By leveraging international connections and quietly participating in high-profile deals, the group is positioning itself as one of Australia’s most forward-looking capital allocators.