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Fortune
Fortune
Allie Garfinkle

Exclusive: Touring Capital, founded by ex-M12 and SoftBank investors, closes $330 million first fund

(Credit: Touring Capital)

In August, a bombshell MIT study rippled through venture capital.

The survey suggested that generative AI pilots are failing 95% of the time, a jarring proposition at a time when VCs, startups, and incumbents are plowing billions into “deploying AI.” Samir Kumar, general partner at Touring Capital and previously a CVC veteran, is well-equipped to parse what’s happening here. 

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