"Suzanne Ashman, one of London's most prolific early-stage venture capitalists and the daughter-in-law of Sir Tony Blair, has been appointed managing partner of the government's £500 million Sovereign AI fund, a vehicle designed to channel patient capital into Britain's homegrown artificial intelligence champions and loosen the country's dependence on Silicon Valley."
"Launched in April, the Sovereign AI fund is chaired by James Wise, a partner at Balderton Capital, and is tasked with co-investing alongside private backers in companies the Treasury views as strategically important to Britain's long-term competitiveness."
"Her track record at LocalGlobe and Latitude offers a window into the kind of bets the new fund is likely to favour. She led the firms' investments into Motorway, the used-car marketplace now valued at more than $1 billion, and into Open Cosmos, a fast-growing satellite manufacturer and operator working on Earth-observation missions."
"In its statement, Sovereign AI described her as "one of the most respected venture investors in the UK", crediting her with "a decade backing the founders who have come to define a generation of British technology"."
Suzanne Ashman has been appointed managing partner of the government’s £500 million Sovereign AI fund. The fund channels patient capital into Britain’s homegrown artificial intelligence companies and aims to reduce dependence on Silicon Valley. Launched in April, it co-invests alongside private backers in businesses the Treasury considers strategically important for long-term competitiveness. The fund is chaired by James Wise. Ashman previously worked as a general partner at LocalGlobe and Latitude, where she backed founders across British technology. Her investments include Motorway, valued at more than $1 billion, and Open Cosmos, a satellite manufacturer and operator focused on Earth-observation missions.
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