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HomeVenture CapitalVenture Firm Touring Capital Decided to Use AI to Scout Deals. It Wasn’t All Smooth Sailing.
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Venture Firm Touring Capital Decided to Use AI to Scout Deals. It Wasn’t All Smooth Sailing.

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Venture capitalists are known for embracing disruption in industries that are slow to change. One venture firm is applying that playbook to how it invests. 

In the spring, San Francisco-based Touring Capital began using a new artificial-intelligence investment algorithm—informally dubbed “R2-D2” by a Star Wars-loving partner. One Sunday in May, R2-D2 spit out its first batch of 20 companies for the firm’s partners to review. 

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