Deven Parekh: Insight deployed almost zero Fund XII capital to AI in 2023
Deven Parekh · Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings · Oct 11, 2023 · at 47:25
Deven Parekh is a Managing Director at Insight Partners. He details Insight's fund deployment into AI infrastructure versus large language models.
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“We have been active in AI, but ironically, if you look at fund 12 or most recent fund, like I think about seven or eight percent of it is invested in AI companies. Ironically, almost zero of it was invested in 2023. Almost all of it was invested in 2021. In more AI infrastructure companies as opposed to the LLMs.”
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