Founders

Today’s manufacturers face numerous challenges, including skilled worker shortages, high production costs, and compliance concerns. Fortunately, artificial intelligence (AI) technology can address many of these concerns. According to a McKinsey study, by 2030, AI is expected to create $13 trillion of realized value for the world’s economy. Within manufacturing specifically, companies have added AI solutions to streamline their core production processes.

AVTV features OfferFit, a company using AI to improve marketing experimentation techniques. AVTV videos feature Alumni Ventures’ portfolio companies sharing their stories and asks with our community.

Low-code development platforms are an increasingly popular option for web and mobile app developers. According to Forbes , some of the many benefits of this tech include lower cost and maintenance burden, increased productivity across teams, quicker innovation and development, and rapid prototyping. Low-code development also makes it easier for entrepreneurs to test new ideas, products, and services. As a result, the value of the global low-code development platforms market is expected to reach $94.8 billion globally by 2028 .

Third-party vendors (suppliers, partners, customers, etc.) are crucial to a company’s growth and success. Yet, o nboarding these vendors is among the most time-consuming, opaque, and manual processes within an enterprise. Companies face a wide spectrum of risks across several domains (legal, privacy, procurement, compliance, etc.) and need to coordinate with multiple stakeholder groups to ensure that they’re sufficiently mitigating each one. Growing data security concerns, privacy regulations, evolving sanctions , and a heightened emphasis on ESG only add further complexity and burden to the overall process. As a result of these bottlenecks, onboarding new vendors can take mid to large enterprises over 90 days .

While radar has historically been associated with aviation, the technology has been utilized by automotive manufacturers since the late ‘90s in a number of safety features. Radar sensors are used for convenience features, such as adaptive cruise control; and in critical safety systems, including collision avoidance and emergency braking systems. Beyond these applications in conventional passenger vehicles, radar development has grown dramatically with the advent of commercially available autonomous vehicles and autopilot-like systems.

Employee turnover is crippling many organizations. In 2021, the voluntary attrition rate hit 67% , the highest of the decade. Burnout, ignored communication, and lack of engagement result in employees looking for new positions or simply abandoning the workforce altogether. As a result, ensuring a rewarding employee experience is now essential, not just a nice-to-have.

AVTV features Breach, the world’s only regulated crypto insurance for consumers. AVTV videos feature Alumni Ventures’ portfolio companies sharing their stories and asks with our community.

AVTV features Goodles, a food company making high-protein, nutrient-dense mac & cheese. AVTV videos feature Alumni Ventures’ portfolio companies sharing their stories and asks with our community.

Significant startup activity is no longer confined to Silicon Valley and New York City. Whereas in 2013, only four major startup ecosystems were responsible for producing billion-dollar exits, by 2019, that number had jumped to more than 80 ecosystems across the globe. Yet, while companies are becoming increasingly international, banking solutions remain local and country-specific. As a result, there is an increasing demand for better worldwide banking and payment access.

Centivo is one of the many innovative healthtech companies in Alumni Ventures’ portfolio and reflects our interest in and ability to connect with healthtech startups showing significant growth potential. Healthech has been a very active venture sector, with a 280% increase in global healthtech funding since 2016, reaching a record $39.7 billion across 1,186 deals in 2021.

The cybersecurity market is expected to grow to $345.4 billion by 2026. While companies are increasingly investing in their cybersecurity infrastructures, few have updated their defenses to take advantage of advanced, automated solutions. Additionally, the demand for improved threat protection is becoming increasingly significant due to the growing number of devices on the web with expanded capabilities.

Quantum computing promises a revolutionary leap in data processing capabilities. There are PhD courses dedicated to learning the underlying mechanics of quantum theory, but the practical ramifications and applications of the technology are easy to grasp. Quantum computers possess incredible potential in cryptographic security, artificial intelligence, complex physics simulations, and more. As a result, quantum computing will impact virtually all industries and sectors in the next few decades.