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 at a breakneck pace.
So, my first question is, where is your head vis-a-vis AI? How are you parsing all the happenings of the world? How are you framing your investment thesis and so on?
>>>The global AI healthcare market is projected to expand at 38.5% CAGR from $19.27 billion in 2023 to $187.7 billion by 2030 driven by the increasing demand for enhanced efficiency, accuracy, and improved patient outcomes. Palo Alto-based Hippocratic AI has emerged as a significant player in this evolving landscape.
>>>The high growth agentic AI market has attracted several players with startups gaining traction as enterprise interest shifts from passive co-pilots to more autonomous systems. Palo Alto-based Ninjatech AI is one such player in the market.
>>>David Hornik, Founding Partner at Lobby Capital, discusses his firm’s AI investment thesis. This is an excellent discussion spanning Agentic AI and Ultralight startups.
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Anji has bootstrapped CriticalRiver to $50M in revenue and is introducing AI into his services business model. We expect to see a lot of this happening all over the tech services ecosystem. AI Services is going to become a massively valuable category.
>>>According to a recent report, the AI code tools market is projected to grow 23.2% annually to $30.1 billion by 2032 from $4.8 billion in 2024. The growth in the industry is being driven by the increasing adoption of DevOps practices and the need for efficient software development solutions. AI-driven coding tools are enhancing developer productivity and streamlining workflows, leading to higher adoption.
>>>The high growth Agentic AI market has attracted several big and niche players in the market. The industry is bound to see some consolidation. One such player is Mountain View-based Moveworks, which was recently acquired by ServiceNow (NYSE: NOW) for an estimated $2.85 billion.
>>>Entrepreneur, Angel Investor, and Board Member Raju Reddy discusses his AI investment thesis.
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