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- š VC Memos (Week of Sep 4 - Sep 10)
š VC Memos (Week of Sep 4 - Sep 10)
New memos last week from Blackbird, Costanoa, Greylock Partners, Index Ventures and Seedcamp
The Memosā¦
ā Mindtrip (consumer tech)
Mindtrip is a generative AI-native company building a new way to plan and book trips.
Raise: Seed | $7M
Investor Memo: Costanoa Ventures by Greg Sands
"Until now, planning a trip meant toggling among a bunch of sites and apps to research destinations, logistics, activities, reservations, and availability. Plus a lot of information isnāt online or well organizedā¦
Enter Large Language Models. This foundational technology has taken such a quantum leap in capability that we can now literally solve problems that we couldnāt last year."
š Marqo (AI/ML)
Marqo is a tensor-based search and analytics engine that seamlessly integrates with your applications, websites, and workflows.
Raise: Seed | AU $8.1M
Investor Memo: Blackbird by Nick Crocker, Tom Humphrey
"Marqoās vision is to elevate the performance of search to the level of human thoughtā¦
Search is [a] critical piece of infrastructure. Letās take Amazon and say you were able to drive a 1% improvement in the search results on its online marketplace, measured by click-through conversion. That would add $4B in revenue to their annual statements."
š„ Worldover (Enterprise)
Worldover produces software that powers the frictionless launch of physical products across all global markets by streamlining compliance requirements.
Raise: Seed | Ā£3M
Investor Memo: Index Ventures by Carlos Gonzalez-Cadenas
"Worldover is working to remove the compliance barriers for companies to sell in any market, ensuring that physical products can more easily be launched nationally and internationally. By automating much of the manual data work required, the platform is able to reduce the time taken to achieve compliance by up to 90% and the cost by up to three times."
ā Enzai (Enterprise)
Enzai provides an AI governance and risk management platform which allows organisations to adopt policies around how they build and deploy AI, and measure their practices against them.
Raise: Seed | $4M
Investor Memo: Seedcamp
"Enzai enables organisations to build up an inventory of their AI solutions, apply policies and procedures to that AI, and then measure compliance in real-time. āControlsā, the platformās new feature introduces a new paradigm for building and using AI, allowing cross-functional teams to collaborate and conduct assessments of AI systems."
š Upwind (cybersecurity)
Upwind is the runtime-powered CNAPP that leverages runtime data to secure the cloud infrastructure of organizations.
Raise: Seed | $50M
Investor Memo: Greylock Partners by Saam Motamedi
"Upwindās platform leverages runtime data to provide critical context to strengthen cloud security programs. Leveraging previously unavailable runtime dataā¦ enables Upwind to reduce unnecessary alerts by a factor of 10 and get to the root causes of risks and remediate threats much faster ā resulting in stronger security and more productive security and development teams."
Many of you have asked whether we can provide more information regarding private SaaS metrics, so we thought weād put it to a pollā¦