Exclusive: Seligman Ventures debuts with $500 million and a new model for the blurring line between public and private markets

Seligman, today, is launching venture arm Seligman Ventures, a $500 million fund emphasizing early-stage AI investing, Fortune has exclusively learned. Padval—an early investor in Cohere, Relyance AI, Exaforce, and Harness—will lead the charge, joined by Ashish Kakran and Eddie Ackerman.