Madrona Venture Labs raises $11M fund to launch a new group of AI-focused startups

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The Madrona Venture Labs team. (MVL Photo)

Madrona Venture Labs (MVL), a Seattle-based “startup studio” formed by venture capital firm Madrona Venture Group, just landed $11.3 million for its third fund as it aims to launch up to a dozen new startups.

MVL plans to use the money

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