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

• 🚀 Fund Milestone: Vermilion Cliffs Ventures has officially closed its second investment vehicle, Fund II.
• 💰 Capital Raised: The new fund successfully secured a total of $25 million in committed capital.
• 📅 Official Launch: The venture firm formally announced the successful fundraising round this Wednesday.