Sramana Mitra: So, when you look at these companies that you have invested in and are looking at your deal flow, could you summarize a bit of what you would like to see?
Anupam Rastogi, Managing Partner at Emergent Ventures, discusses his firm’s AI investment thesis. Welcome to the program, and let’s talk about what you are up to with Emergent Ventures and AI. We started with this watershed moment of generative AI coming into the picture in 2023 and now almost two years hence, AI has moved
Sramana Mitra: How is it working with your brother? Tigran Petrosyan: Many people tell me that they would never work with their siblings. When you do it right, it can be a blessing. We have done quite a lot of work early on to make sure that not only the brotherhood works, but also the
Sramana Mitra: After raising that $100,000, you went to the accelerator. Did the accelerator give you some money? Tigran Petrosyan: Yes. It was $100,000. Sramana Mitra: Is there any other investment? Tigran Petrosyan: We had a few other angels and pre-seed. The big part came when we raised our seed round in early 2020 with
Sramana Mitra: What emerged as your target market? Tigran Petrosyan: This is a good question. Machine learning can be applied to all kinds of industries. Initially, our target was computer vision. Basically, those who use images to get intelligence out of images. This was our niche. We started to build an engine to attract clients.
Sramana Mitra: When you applied to the Berkeley accelerator, how much time passed between your $100,00 funding to the accelerator? Tigran Petrosyan: We got accepted to Berkeley after two months and then into the program after four months. Sramana Mitra: How long were you in the accelerator?
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Tigran and his brother were Ph.D. students when they decided to quit their Ph.D. program and build a company out of their Ph.D. research technology. They have since raised over $15M in funding and built a customer base of ~200 in their ML Ops business. They are leveraging countries like Armenia and Bangladesh for development