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Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more

Wednesday, July 8, 2026


Vermilion Cliffs Ventures closed a $25 million Fund II on Wednesday. The fund will invest in startups focused on artificial intelligence, security, and other sectors. Ashley Smith is the general partner of Vermilion Cliffs Ventures.

Original reporting: https://techcrunch.com/2026/07/08/solo-gp-ashley-smith-announces-25m-close-of-second-fund/

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