Proprietary insight into private companies
Carbon Tech Industry Poised for Transformative Growth
Generative AI: Nearing the Ultimate Promise of AI
Digital Payments: Huge Untapped Market in B2B Payments
Pre and Post: IPO Returns Analysis
Initiation Report: Glean Technologies - Disrupting Enterprise Knowledge Management with AI
Initiation Report: Huntress – A Premier Go-to Cybersecurity Platform for SMBs
Initiation Report: Generate:Biomedicines – Pioneering AI-Powered Drug Discovery
Initiation Report: KoBold Metals A Leading Player at the Intersection of AI and Climate Tech
Initiation Report: Anyscale - Pioneering Scalable Deployment in Generative AI
Initiation Report: Runway - Reshaping Multimedia Production with Generative AI
Initiation Report: Relativity Space
Initiation Report: Carbon Health
Initiation Report: Aurora Solar
Initiation Report: Nuro
Initiation Report: Wiz Inc
Harvey
Harvey offers generative AI-powered solutions for the legal sector.
Cerebras Systems
A platform for fast and effortless AI training and inference.
Applied Intuition
Advanced simulation and validation tools for autonomous mobility.
Form Energy
Developing iron-air batteries, an alternative to lithium-ion batteries for grid-scale energy storage.
Glean
Transforming the legacy enterprise software market with AI-powered solutions for all internal queries.
Perplexity AI
AI-powered answer engine providing conversational search capabilities.
Monte Carlo
A data observability startup to detect and resolve data issues.
Huntress
A managed cybersecurity platform.
Generate Biomedicine
A new therapeutics company that intersection of biology, machine learning, and biological engineering.
Fundguard
FundGuard is transforming legacy operating models with a front-to-back, AI-powered, cloud-native and multi-asset class investment accounting platforms.
Coro
Simple, Powerful, Modular — Protect critical areas of your business with modules for endpoints, email, and cloud apps.
Cyera AI
Data security company specializing in data security posture management (DSPM) within the cybersecurity industry.
Together AI
Services for building, training, and running AI models, including private data and dedicated GPU clusters for large-scale training.
Pinecone
Vector database start-up, offering vector databases that act as the memory for artificial intelligence (AI) models and infrastructure components for AI-powered applications.
KoBold Metals
KoBold Metals discovers the battery minerals containing Ni, Cu, Co, and Li critical for the electric vehicle revolution.
Xpansiv
Market Infrastructure for an Evolving World
Celestial AI
Develops audacious AI computing platforms that elevate performance, energy and economic efficiencies, enabling our customers to rapidly deploy innovations
Lambda Labs
An enterprise-grade cloud GPU provider for AI development. Offers the largest cluster of NVIDIA H100 chips, exceeding Google and Oracle. It is the most cost-effective cloud GPU provider and is well-positioned to benefit from the scarcity of GPU compute. Customers include Intel, Microsoft, Amazon Research, Kaiser Permanente, Stanford, Harvard, Caltech, and the Department of Defense, among others.
Abridge
An AI-powered electronic medical record platform. Adoption by around 5,000 doctors attests to the efficacy of the platform. Physicians claiming timesaving of 12-16 hours a week, underscores the platform's credibility. Marquee investors include Lightspeed Venture Partners, Bessemer Venture Partners, CVS Health Ventures, and Spark Capital, among others.
Anyscale
Offers a platform to scale compute-intensive AI & ML workloads. It holds the first-mover advantage in the Python-native distributed computing framework. Its solutions offer 23x higher throughput and a 75% reduction in cost compared to conventional solutions. Key investors include Addition, Andreessen Horowitz, and Intel Capital, among others.
Reddit is a network of more than 100,000 communities where people can dive into anything through experiences built around their interests, hobbies and passions.
Climeworks
Climeworks is a climate technology startup, that operates the world's first and largest direct air capture and storage facility.
Beta Technologies: eVTOL & eCTOL Aircraft Manufacturer
Beta Technologies, an electric vertical take-off and landing (eVTOL) and electric conventional take-off and landing (eCTOL) aircraft manufacturer.
Runway: A Generative AI Platform
Runway, a generative AI platform focused on multimedia creation and editing, is positioned to disrupt various markets including VFX, animation, and video editing, among others.
Relativity Space: Reshaping Rocket Manufacturing with 3D Printing
Driven by exploration missions, satellite constellation deployments, and satellite and space station maintenance, space tech industry is experiencing remarkable growth.
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Groq: Delivering Ultra-low Latency AI Inference
Sudden proliferation of LLMs and the growing need for high computing power has led to a supply and demand mismatch for AI chips. Software-defined hardware approach of Groq involves building chips ground up from an end-user perspective.
Anduril: Enhancing Autonomy in Defense Tech
Well-positioned to benefit from the evolving nature of warfare, which is becoming increasingly autonomous. Ongoing geopolitical conflicts such as Russia-Ukraine, China-Taiwan, and US-China call for deeper integration of technology into defense.
Ramp: FinTech
Ramp uses automation and machine learning to help customers with expense management, payments, reporting, and more.
Aurora Solar: Cloud-based solar software solutions
Aurora Solar develops cloud-based software, that enables solar PV engineering design.
Carbon Health: Hybrid-care tech startup
Carbon Health is a modern health chain that provides urgent and primary care for easier everyday health.
Lacework: Automated cloud security
Lacework is the data-driven security platform for the cloud.
Chime: FinTech
Chime is a financial technology company that offers mobile banking services.
Brex: Spend platform
Brex is a unified spend platform for corporate cards, expense management, reimbursements, travel, business accounts, and bill pay.
OpenSea: Peer-to-peer NFT marketplace
Non-fungible token marketplace offered online allows for NFTs to be sold directly at a fixed price, or through an auction.
Nuro: Robotics company developing autonomous delivery vehicles
Robotics company developing autonomous delivery vehicles
Flexport: Supply chain management and logistics
Supply chain management and logistics, including order management, trade financing, insurance, freight forwarding, and customs brokerage.
Kong: Go-to API Management and Microservice Platform for Businesses
Founded in 2007, Kong Inc is a leading cloud-native API management platform providing an open-source API marketplace for developers and engineers.
Docker: A Pioneer in Collaborative Application Development
Founded in 2010, Docker Inc is a leading provider of cloudnative application development tools, content, and services for developers.
Bolt: Bridging Browsing-Buying Gap With One-click Checkout Technology
Founded in 2014, Bolt Financial Inc operates as a payment platform offering online checkout technology to retailers.
Venture Bytes #97: New Technologies and Innovations Keep FoodTech in Focus
Please see attached the latest edition of Venture Bytes, a monthly insight report from Manhattan Venture Research. As with all our Venture Bytes, this edition has two lead articles, our take on topical news items, and selected funding rounds and exits. The report rounds out with selected private and public valuations, and a liquidity watchlist, which is our proprietary list of top-25 promising private companies in the TMT space that are candidates for a liquidity event – either an IPO or a merger - within the next 12 to 18 months.
Venture Bytes #96: Setup Ripe for Defense Tech Startups to Shine
Please see attached the latest edition of Venture Bytes, a monthly insight report from Manhattan Venture Research. As with all our Venture Bytes, this edition has two lead articles, our takes on topical news items, and selected funding rounds and exits. The report rounds out with selected private and public valuations, and a liquidity watchlist, which is a proprietary list of top-25 promising private companies in the TMT space that are candidates for a liquidity event – either an IPO or a merger - within the next 12 to 18 months. The two lead articles are Setup Ripe for Defense Tech Startups and Generative AI Regulation - A Delicate Balancing Act, respectively. In an era marked by escalating geopolitical tensions and evolving warfare dynamics, the defense tech industry has emerged as a critical domain for investment and innovation. The industry is also instrumental in the US’ quest to uphold its national security advantage against rivals like China and Russia. Accordingly, VCs are recognizing the immense potential of defense tech startups and are fueling their growth with substantial investments. The second article is on the delicate balancing act in regulating AI. The rapid progress of AI has not only prompted regulatory scrutiny but also a comprehensive evaluation of its potential impact. Regulators worldwide are actively working to regulate generative AI. A more suitable approach, in our view, would be to establish guardrails that foster responsible development and deployment of generative AI.
Venture Bytes #95: The Race for AI Hardware Supremacy Gets Intense
The latest edition of Venture Bytes, a monthly insight report from Manhattan Venture Research. As with all our Venture Bytes, this edition has two lead articles, our takes on topical news items, and selected funding rounds and exits. The report rounds out with selected private and public valuations, and a liquidity watchlist, which is a proprietary list of top-25 promising private companies in the TMT space that are candidates for a liquidity event – either an IPO or a merger - within the next 12 to 18 months. The two lead articles are titled The Race for AI Hardware Supremacy Gets Intense, and Venture Debt Gains in Prominence, respectively. First, the rapid adoption of Generative AI has intensified the AI arms race. While Microsoft and Google have been battling it out with their language models, a quieter yet equally significant rivalry is brewing on the hardware front between the big tech companies as well as some new innovative start-ups. With the global AI chip market size expected to reach $227 billion by 2032 from $16.9 billion in 2022, the AI hardware battle represents a critical step in the development of AI and its applications. The second article looks at the growing prominence of venture debt. Venture debt has evolved over the past decade as a pragmatic funding option for startups across all stages. According to Pitchbook, the US venture debt deal value surpassed $34 billion in value across nearly 2,500 deals in 2022, representing an impressive 4.6x growth since 2012, and has accounted for roughly 10-20% of the total venture funding in the US in the last decade. Much like the wider venture capital (VC) market, venture debt has benefited from affordable capital in the last few years. This Liquidity Watchlist has one change in the top-25 ranking. Brex, a provider of app-based credit card and expense management services, entered the top-25 following the IPO of Klaviyo.
Venture Bytes #94 - Autonomous Delivery Set to Take Off
The two lead articles in this edition are on autonomous delivery services taking off and immersive technology coming off age, respectively. Driven by the need for faster, more reliable, and cost-effective delivery solutions, autonomous delivery services offer a futuristic alternative to traditional delivery methods. With advanced algorithms, better mobility software, machine learning, and high-tech sensors, they promise to revolutionize the delivery landscape, creating a paradigm shift that could potentially disrupt the status quo. Nuro, a promising startup and a category leader, is well-positioned to tap into the growing global autonomous delivery market by leveraging its best-in-class tech stack, well-funded business model, and strategic partnerships with major retailers. The second article, The Future is Now for Immersive Technology, is our take that immersive technology products are gaining momentum with rapid advancements in technology, creating a strong market for virtual reality (VR) and augmented reality (AR) start-ups. These game-changing technologies have the potential to revolutionize the way we consume and experience content, breaking down the barriers between the digital and physical worlds. The widespread availability of Meta’s Quest 2 and Quest Pro has unlocked a plethora of exciting opportunities for consumers, spurring market growth and laying the foundation for an innovative future. From nearly 11 million units in 2021, the worldwide shipments of AR/VR devices are expected to reach nearly 88 million by 2026, per estimates from CCS Insights.
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MVP's Outlook 2023: Volatile. Vulnerable. Valuable.
Manhattan Venture Partners Outlook 2023: Volatile. Vulnerable. Valuable. series dives into US economic and macro views, liquidity between the public and private markets, strategies from an active CEO, and trends in investing with our panel.
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