Arif Janmohamed, formerly a partner at Lightspeed Venture Partners, and Trevor Oelschig, a longtime managing director at General Catalyst, have launched Duration Ventures, a new venture capital firm targeting early-stage enterprise artificial intelligence companies. The firm represents a reunion of sorts for investors with deep ties to two prominent Silicon Valley firms.

Duration Ventures aims to raise approximately $375 million for its debut fund, according to people familiar with the matter. The capital will support startups building enterprise AI solutions, spanning from semiconductor technology to application software. This focus aligns with both founders' track records investing in enterprise technology companies.

Janmohamed spent years at Lightspeed backing enterprise software and infrastructure companies, while Oelschig built expertise in enterprise technology at General Catalyst. Their combined experience positions Duration Ventures to compete for deals in the increasingly crowded AI investment space.

The launch reflects growing institutional interest in enterprise AI, where investors see opportunities beyond consumer applications. Duration Ventures joins a wave of new firms raising dedicated capital for artificial intelligence investments, signaling continued momentum in the sector.