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Founders Factory invests in its first two A.I. startups Iris.ai and illumr

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Founders Factory, the corporate accelerator vehicle set up by Brent Hobermans Founders Forum umbrella, has today announced the first two startups selected for their AI accelerator programme in conjunction with CSC Group. The idea is to co-create two new AI businesses within the incubator programme every year, for five years. Terms were not disclosed. CSC Group invested in Founders Factory (co-founded with Henry Lane Fox) in October 2016. CSC is one of Chinas biggest tech investors they put $400m into Angelist 18 months ago. Their idea is to provide a bridge for these startups to later enter the Chinese market. […]