Google alumni launch $11.3M fund for enterprise AI startups
BAG Ventures, a fund founded by Bonita Stewart and Jackson Georges Jr., both former Google employees, closed an $11.3 million round. The firm targets early-stage AI startups that build products enterprises will pay for, focusing on areas like AI infrastructure, compute, security, governance, and vertical SaaS. Stewart, a former Google vice president, and Georges, a former CapitalG partner,…
Key points
- BAG Ventures closed an $11.3M fund to back enterprise AI startups with clear monetization paths
- Founders Bonita Stewart and Jackson Georges Jr. emphasize operator access and hands-on go-to-market support
- Focus areas include AI infrastructure, security, governance, and vertical SaaS with proprietary data integration
The fund’s thesis hinges on startups owning proprietary data and intent layers to survive model updates. Georges also highlights the need for AI agents to integrate with identity and access management tools, calling it a ‘zero trust’ architecture gap. BAG Ventures aims to invest the remaining funds over the next two years, with limited partners including Google, Nvidia, Amazon, and Snowflake.
Two Google alumni raise $11.3M to back AI startups that enterprises will actually pay for
techcrunch.com · 30 September 2026
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