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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

Written by

Peter MacEwan

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2 min

Our “Deep Dives” series explores vital aspects of burgeoning VC sectors with one of our ~50 investing experts. This week, Principal Naren Ramaswamy discusses the innovative enterprise AI market — projected to reach $64.5 Billion by 2028.*

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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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
  • Home

    Compute

    Hardware players whose chips are responsible for data processing, training models, and computations.
  • Home

    Cloud Infrastructure

    Companies that offer computing power as a service, with a focus on efficiency improvements to reduce the cost of searches.
  • Home

    Large Language Models

    AI models trained on a large corpus of proprietary data to uncover patterns in human language.
  • Home

    Tooling

    Machine learning tools that facilitate the AI transition for companies and augment existing jobs.
  • Home

    Applications

    A new class of SaaS companies leveraging AI to create innovative solutions to customer problems.

To learn more, read our Sector Spotlight on enterprise AI tools. In this series, we examine the effects and opportunities of AI integration in key sectors of the economy and share example investments from our AI Fund portfolio. Read More »

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.

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

*Vantage Market Research, “Enterprise AI Market Size & Share To Surpass $64.5B by 2028,” GlobeNewswire, March 13, 2023

Written by

Peter MacEwan

Peter has startup experience in both the nonprofit and business sectors, a BA from Wesleyan University, and an MBA from The Wharton School. Peter developed expertise building teams and strategic planning in the San Francisco Bay Area, driving growth across multiple seed- and early-stage companies (with many nights spent as informal adviser to a network of entrepreneurs). Peter has a passion for social impact and loves working with people who love what they do and strive to get better at it.

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