Ayesha Arora-Hughes, daughter of Palo Alto Networks CEO Nikesh Arora, has launched Permanent Partners Collective Fund I, a new venture capital fund targeting over $100 million to invest in AI companies spanning applications to infrastructure. Arora-Hughes, who departed venture firm S32 in July 2026, is raising the fund to back early and growth-stage startups in the rapidly consolidating AI hardware and software ecosystem. Her father, one of the technology industry's most influential investors, is serving as an adviser to the fund.
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