Venture Deep Dives: Enterprise AI
We review the rapidly evolving enterprise AI tech stack and highlight some of our portfolio companies innovating in the space
Deep Dive: Enterprise AI
In this Deep Dive, Alumni Ventures Principal Naren Ramaswamy discusses the significant potential of enterprise AI. He reviews the rapidly evolving AI tech stack available to businesses and some of our portfolio companies that are pioneering innovative solutions in the space.
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Deadline to Join: August 31, 2023
The widespread business adoption of AI is supercharging automation, serving as a force multiplier for employees. With enterprise AI tools radically reducing operational overhead, the global market is projected to reach $64.5 Billion by 2028.*
Prior to joining Alumni Ventures, Naren Ramaswamy had a front-row seat to this type of groundbreaking automation while working at Apple, Data Collective (DCVC), Tesla, and multiple consumer startups. Watch his deep dive for a comprehensive primer on enterprise AI tech. Naren reviews the rapidly evolving AI tech stack available to businesses and some of our portfolio companies that are pioneering innovative solutions in the space.
The Enterprise AI Tech Stack
ComputeHardware players whose chips are responsible for data processing, training models, and computations.
Cloud InfrastructureCompanies that offer computing power as a service, with a focus on efficiency improvements to reduce the cost of searches.
Large Language ModelsAI models trained on a large corpus of proprietary data to uncover patterns in human language.
ToolingMachine learning tools that facilitate the AI transition for companies and augment existing jobs.
ApplicationsA new class of SaaS companies leveraging AI to create innovative solutions to customer problems.
AI Fund 3 Open Through August 31
Our AI Fund will invest in a diversified portfolio of ~20-30 companies applying AI, machine learning, big data, and related technologies. The fund will be invested over ~12-18 months with a large reserve (~20-25%) for follow-on opportunities. AI Fund 2 was oversubscribed, and we had to establish a waitlist to accommodate interest. Click below to review fund materials or connect with a Senior Partner to learn more.
*Vantage Market Research, “Enterprise AI Market Size & Share To Surpass $64.5B by 2028,” GlobeNewswire, March 13, 2023