Bain Capital Ventures

Unstructured Secures $25 Million in Seed and Series A Funding to Enable Enterprises to Use LLMs With their Data

Retrieved on: 
Wednesday, July 19, 2023
Software, Technology, Data Management, GitHub, Pentagon, Defense Innovation Unit, LLM, Partnership, United States Department of Defense, API, The Bad Seed (TV series), Intelligence, Research, United States Space Force, Joint Artificial Intelligence Center, Organization, M12 (venture capital), Development, Cooperative research and development agreement, United States Special Operations Command, Machine learning, Bain Capital Ventures, Flashpoint, Growth, United States Department of the Air Force, SOCOM, AWS, Cryptocurrency, Tutoring, Unstructured data

Accessing and transforming this data is significant because over 80% of enterprise data resides in documents and other unstructured files.

Key Points: 
  • Accessing and transforming this data is significant because over 80% of enterprise data resides in documents and other unstructured files.
  • “Organizations generate vast amounts of unstructured data daily, which, when combined with LLMs, can supercharge productivity,” said Brian Raymond, Founder and CEO of Unstructured.
  • To learn more about Unstructured and take the first step toward unlocking the full potential of unstructured data, visit unstructured.io.
  • Unstructured is a leading provider of LLM data preprocessing solutions, empowering organizations to transform their internal unstructured data into formats compatible with large language models.

Rubber Ducky Labs Raises $1.5 Million to Build Operational Analytics for Recommender Systems

Retrieved on: 
Thursday, June 22, 2023
Data Analytics, Data Management, Professional Services, Technology, Software, Heart, Meta, Algorithm, Multimedia, Natural rubber, Carnegie Mellon University, Recommender system, Machine learning, Y Combinator, Bain Capital Ventures, Stitch Fix, Knowledge, Cryptocurrency, Online shopping, Polyvore, Bacalhau

Rubber Ducky Labs completed Y Combinator in Winter 2023.

Key Points: 
  • Rubber Ducky Labs completed Y Combinator in Winter 2023.
  • By establishing a paved path for analyzing and iterating on recommender systems, Rubber Ducky Labs gives teams the answers they’re looking for in minutes instead of days.
  • Rubber Ducky Labs was founded in 2022 by Alexandra Johnson, an engineer with a background in fashion at Polyvore, and then a machine learning-focused developer at SigOpt.
  • Her co-founder, Georgia Hong is CTO of Rubber Ducky Labs.

Elastio Closes $18M in Series A Funding to Revolutionize Cloud Cyber Recovery

Retrieved on: 
Thursday, June 15, 2023
Attention, Organization, Business, Fortune 500, Bain Capital Ventures, AI, SVP, AWS, CARET, Corruption, Video game, Cryptocurrency

RESTON, Va., June 14, 2023 /PRNewswire/ -- Elastio's unique, cloud native recovery assurance platform bridges the gap between data protection and cybersecurity in the cloud.

Key Points: 
  • RESTON, Va., June 14, 2023 /PRNewswire/ -- Elastio's unique, cloud native recovery assurance platform bridges the gap between data protection and cybersecurity in the cloud.
  • "There is not another AWS native product providing the level of protection that Elastio is.
  • "This significant investment validates our mission to revolutionize cyber recovery in the cloud and protect our customers from the massive implications of not being able to recover their data," said Najaf Husain, CEO of Elastio.
  • Elastio does this by identifying, remediating, and recovering data infected with ransomware, malware, or corruption.

Contextual AI Emerges From Stealth to Build the Next Generation of Language Models, for the Enterprise

Retrieved on: 
Wednesday, June 7, 2023
Software, Data Analytics, Artificial Intelligence, Data Management, Professional Services, Technology, Online Privacy, Security, LLM, Natural language processing, Meta, Meta AI, Ron Conway, Stanford University, RAG, API, Lip-Bu Tan, BCV, Intelligence, Multimedia, Research, Hugging Face, NSFW, Contextual, Machine learning, Bain Capital Ventures, Speed of light, AI

The two first met as research leaders at Meta AI in 2016 and continued to build their relationship and shared passion for cutting edge research at Hugging Face.

Key Points: 
  • The two first met as research leaders at Meta AI in 2016 and continued to build their relationship and shared passion for cutting edge research at Hugging Face.
  • Contextual AI’s proprietary research is building on the already established Retrieval Augmented Generation (RAG) method, that Kiela helped pioneer while at Meta.
  • Customization: LLMs should generalize to and be connectable with new data sources on the fly, as the data becomes available.
  • Several Fortune 500 companies are currently in talks about piloting the company’s contextual language models on their own data.

Granica Launches Industry-first AI Efficiency Platform to Cut Cloud Data Costs up to 80% and Boost ROI from AI Initiatives

Retrieved on: 
Thursday, June 8, 2023
Data Management, Online Privacy, Security, Technology, Software, Artificial Intelligence, Internet, Cloud, Boston Consulting Group, Data reduction, Life, Stanford University, API, GCP, BCV, Intelligence, DACH, Research, Multimedia, Privacy, Economics, Risk, McKinsey & Company, Science, Google Cloud Storage, Information theory, Organization, Nylas Mail, NEA, Byte, Data, Machine learning, Investment, Algorithm, Engineering, Bain Capital Ventures, Pure Storage, Eventbrite, Amazon S3, Okta, GCS, Ecosystem, Tesla, ROI, S3, New Enterprise Associates, Here Technologies, Compression, Execute Direct Access Program, PII, Customer service, Medical device, Sales, Computer data storage, Video game, Cohesity, Amazon, AI

At launch, Granica is focused on efficiency for data, with plans to drive efficiency across the end-to-end AI pipeline.

Key Points: 
  • At launch, Granica is focused on efficiency for data, with plans to drive efficiency across the end-to-end AI pipeline.
  • For the first time, C-level executives in data intensive industries can drive significant profitability and innovation gains by pursuing AI efficiency, complementing their existing efficiency initiatives.
  • Granica democratizes access to AI while keeping data secure — to make AI more accessible, affordable and safe to use.
  • Granica Crunch, the company’s data reduction service, eliminates redundant and low-value data, cutting costs and speeding up downstream processes for hot AI data.

OpenFin Secures $35 Million in Series D Investment

Retrieved on: 
Wednesday, May 24, 2023
HSBC, Barclays, OS, Partner (business rank), Bank of America, Bain Capital Ventures, J. P. Morgan, Entrepreneurship, Bank, Software, Cryptocurrency, Asset management

NEW YORK, May 24, 2023 /PRNewswire/ -- OpenFin, the operating system (OS) of enterprise productivity, today announced that it has secured $35 million in Series D investment. The latest funding round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures. Additional investors in the round include CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners.

Key Points: 
  • NEW YORK, May 24, 2023 /PRNewswire/ -- OpenFin, the operating system (OS) of enterprise productivity, today announced that it has secured $35 million in Series D investment.
  • The latest funding round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures.
  • The investment will be used to help accelerate the adoption of OpenFin OS across the financial industry and beyond.
  • The funding round comes during a period of record growth for OpenFin driven by rapid adoption of OpenFin Workspace, the visual interface of OpenFin OS.

OpenFin Secures $35 Million in Series D Investment

Retrieved on: 
Wednesday, May 24, 2023
HSBC, Barclays, OS, Partner (business rank), Bank of America, Bain Capital Ventures, J. P. Morgan, Entrepreneurship, Bank, Software, Cryptocurrency, Asset management

NEW YORK, May 24, 2023 /PRNewswire/ -- OpenFin, the operating system (OS) of enterprise productivity, today announced that it has secured $35 million in Series D investment. The latest funding round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures. Additional investors in the round include CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners.

Key Points: 
  • NEW YORK, May 24, 2023 /PRNewswire/ -- OpenFin, the operating system (OS) of enterprise productivity, today announced that it has secured $35 million in Series D investment.
  • The latest funding round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures.
  • The investment will be used to help accelerate the adoption of OpenFin OS across the financial industry and beyond.
  • The funding round comes during a period of record growth for OpenFin driven by rapid adoption of OpenFin Workspace, the visual interface of OpenFin OS.

m]x[v Capital Launches with $52M Debut Fund

Retrieved on: 
Thursday, May 18, 2023
Software as a service, IPO, AMP, Friends, ALL, API, Like a Boss (film), Luigi, Signature block, Investment, SPV GmbH, Pritzker family, Bain Capital Ventures, Knowledge, Growth, GTM, Partnership, SMS, Cryptocurrency, Lattice, Ghermezian family, GitHub, Brazing, ThoughtSpot

NEW YORK, May 18, 2023 /PRNewswire/ -- Today, m]x[v Capital ("m]x[v"), an early-stage venture capital firm announced the close of its over-subscribed debut fund at $52 million in capital commitments. The fund invests in early-stage (pre-seed, seed) B2B enterprise SaaS companies that are founded by dedicated, tenacious leaders who are paving the way for the next generation of cloud disrupters. m]x[v is supported by a strong roster of former founders, limited partners, including Bain Capital Ventures, Cendana Capital, Pritzker Group, K5 Global, Social Leverage, and notable General Partners of top-tier funds and family offices.

Key Points: 
  • NEW YORK, May 18, 2023 /PRNewswire/ -- Today, m]x[v Capital ("m]x[v"), an early-stage venture capital firm announced the close of its over-subscribed debut fund at $52 million in capital commitments.
  • The fund invests in early-stage (pre-seed, seed) B2B enterprise SaaS companies that are founded by dedicated, tenacious leaders who are paving the way for the next generation of cloud disrupters.
  • m]x[v is supported by a strong roster of former founders, limited partners, including Bain Capital Ventures, Cendana Capital, Pritzker Group, K5 Global, Social Leverage, and notable General Partners of top-tier funds and family offices.
  • m]x[v has built a strong community of Limited Partners and "friends of the fund," many of whom were former founders that led companies from ideation to IPO.

Vera Equity Launches With A $20 Million Fund

Retrieved on: 
Monday, May 1, 2023
Professional Services, Consumer, Entrepreneur, Start-Up, Finance, Fintech, LLR, Plaid, Foundation Capital, Luigi, Vera, Capital One, Entrepreneurship, Traction, Tiger Global Management, Bain Capital Ventures, Capital, Lightspeed Venture Partners, Cryptocurrency, Venmo, Roofstock, Coinbase, Betterment

Vera Equity , a venture capital firm supporting early stage companies through its unique access to talent, announced today it has raised a $20 million fund and invested in 20 innovative fintech startups to date.

Key Points: 
  • Vera Equity , a venture capital firm supporting early stage companies through its unique access to talent, announced today it has raised a $20 million fund and invested in 20 innovative fintech startups to date.
  • Vera Equity was co-founded by Michael Vaughan, former COO at Venmo; Jonathan Pomeranz, True Search partner and co-head of the Financial Services Practice ; and True co-CEOs Joe Riggione and Brad Stadler.
  • “Our team’s backgrounds and networks allow Vera to provide founders with differentiated and highly valuable talent introductions and operational guidance,” said Michael Vaughan.
  • Vera has also helped to incubate businesses alongside successful entrepreneurs from Betterment, Acorns, Vouch Insurance and Roofstock.

Ansa Emerges from Stealth With $5.4M to Make a Big Impact on Small Payments

Retrieved on: 
Wednesday, April 26, 2023
Professional Services, Payments, Technology, Finance, Fintech, Digital Cash Management, Digital Assets, Female, Starbucks, API, Alipay, WeChat Pay, JT, Commerce, Bain Capital Ventures, Black box group, Coffee, Transport, Economics, Cryptocurrency, Online shopping, Ansa

Ansa co-founders Sophia Goldberg and JT Cho witnessed the challenges faced by merchants firsthand while working for Adyen and Affirm, respectively.

Key Points: 
  • Ansa co-founders Sophia Goldberg and JT Cho witnessed the challenges faced by merchants firsthand while working for Adyen and Affirm, respectively.
  • This is especially true for those who have more unique needs, what Ansa calls HULT merchants: habitual use, low transaction value.
  • Ansa is built around the co-founders’ shared ethos that payments should be a tool, not a hurdle.
  • Merchants often build hacks for payments to work for their use cases, rather than payments empowering their businesses.