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November 14, 2018

Why we invested in Statsbot

November 14, 2018

By Hadley Harris, Founding General Partner, Eniac Ventures


As Techcrunch announced, last week we led the seed round for Statsbot joined by our friends at betaworks and Innovation Endeavors. This turned out to be one of the most oversubscribed seed rounds we’ve seen since we started investing in 2010, so we are extremely excited to be involved.

Statsbot allows employees to discover and interact with their company’s data via a conversational user interface. Currently, Statsbot supports Slack as its user interface and can access data from a variety of sources including Mixpanel, Google Analytics and Salesforce. Users simply ask Statsbot for the data they want using natural language and it responds with results in a visually easy to digest format.

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October 13, 2018

By Tim Young, Founding General Partner, Eniac Ventures


Today, we are excited to announce that Eniac Ventures has led a $3.6 million seed stage fund for Visual Vocal, a leading AR/VR productivity platform for team collaboration. The fund aims to scale the company by driving continued product innovation, growing the enterprise customer base and attracting top talent.

The continued advancements in AR and VR are rapidly changing the way we approach the world. We believe that AR will revolutionize how we interface with computing resources. As demonstrated by the buzz of this week’s Oculus Connect in San Jose, there is mounting excitement and a bright future for the crops of new companies paving the way for immersive games and sports experiences. The Eniac Team also believes that VR, AR, and AI technologies will push the boundaries on how businesses operate, collaborate and go to market in the next five to 10 years. We look to work with founders and companies, such as Visual Vocal, that are leading this charge.

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October 2, 2018

By Tim Young, Founding General Partner


Today, Dave Vasen, Founder and CEO of Brightwheel announced the close of their Series B, a $21 million round led by our friends at Bessemer. We couldn’t more excited to see Brightwheel in its current position as the leading software provider in early education.

We met Dave in the very early days. He was a team of one, had a basic product and five preschool customers. He had a big vision and as an early founder, Dave’s passion for the space and building a business was tangible.

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October 1, 2018

By Vic Singh, Founding General Partner and Javaughn Lawrence, Associate

We’re excited to lead the seed round in Bleximo along with our friends at BoostVC and Creative Ventures. Bleximo is building quantum accelerators, starting with quantum-based application specific integrated circuits (qASICs), first focused on molecule simulation for drug discovery. We believe that their vertical approach will enable it to realize these near-term applications sooner than general purpose quantum hardware providers.

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June 28, 2018

Eniac leads MedCrypt in $1.9M seed round to scale cryptographically embedded software for medical devices

June 28, 2018

By Tim Young, Eniac Founding General Partner


We are excited to announce the latest company to join the Eniac portfolio: MedCrypt, a San Diego-based company that provides cryptographically embedded cybersecurity software for medical devices.

Cyber attacks are a growing epidemic and the wake of damages is expected to reach upwards of $6T annually by 2021. In healthcare, cyberattacks can mean life or death, and FortiGuard Labs reported that healthcare organizations experience more than twice the number of attacks on average as compared to organizations in other vertical markets. This has gained the attention of top medical device manufacturers and the FDA, which recently released their Medical Device Safety Action Plan.

MedCrypt’s cryptographically embedded security software enables medical device companies to secure and monitor the behavior of their devices and meet the new FDA cybersecurity regulations. MedCrypt will also be uniquely positioned to acquire and leverage a proprietary, cross-platform dataset providing device companies, hospitals, and medical facility security teams with a more robust solution to monitor and protect in real-time.

April 5, 2018

By Tim Young, Founding General Partner, Eniac Ventures


According to the Thomson Reuters Legal Executive Institute, the U.S. Legal Services reached upwards of $437B in 2017, and with law firms’ business models being predicated on inefficiencies, Eniac has long been bullish on a company that can capture the spend and make the provision of legal services far more effective.

Enter Legit — the company that we believe is going to reinvent the U.S. legal system one vertical at a time, from IP to tax, M&A and litigation. They are well on their way because today, we are excited to announce that Eniac has led their $2.6M seed round.

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March 1, 2018

By Vic Singh and Tim Young, Founding General Partners, Eniac Ventures


We’re proud to announce that we’ve led their $4MM Seed Round!

At Eniac, we think broadly about the future of traditional industries that have yet to be fully technology enabled. Transportation is a sector we know is ripe for innovation and we’ve been thinking about the future of transportation across all major modes including ground, rail, sea, and air. We have bets in ground transport and are looking for more in other modes. We believe electrification and autonomy will come to air just as is happening with ground transport. The aviation industry has its own set of structural challenges and opportunities that will make truly autonomous aviation a near to mid-term reality. Electrification itself is further behind but we believe it will also happen.

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February 26, 2018

By Vic Singh, Founding General Partner


We are excited to announce that Eniac co-led the seed round in Vence, a startup out of San Diego that is changing the way livestock and pastureland are managed. The round was co-led by Kickstart Seed Fund with participation from Rabo Food & Agri Innovation Fund.

Globally, livestock and pastureland are multi-trillion dollar assets that are currently managed with a bifurcated approach of manual labor and legacy technology, with a limited view into true real-time data.

Vence’s platform is changing the entire approach by building a virtual fencing livestock management platform powered by industrial IoT, data and machine learning. They are removing the barriers — physically and metaphorically — that have limited livestock and pastureland management from fully entering the digital era. Vence is reinventing the outdated, static practices and reducing perpetual labor costs by ~25% allowing livestock owners to fully optimize land usage with AI, and track and manage animal welfare in real time, all from a mobile device.

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February 8, 2018

By Hadley Harris, Founding General Partner


TapCommerce Founders Brian Long & Andrew Jones announce Attentive’s $13M Series A

We’re super excited to announce that our portfolio company Attentive is coming out of stealth today and has closed a $13M Series A led by our friends at Bain Capital Ventures. This is especially exciting for us because this is the first time we’ve backed a founding team for the second time. In 2013, Eniac Ventures led a seed round for TapCommerce, a mobile retargeting startup, that was founded by Brian Long and Andrew Jones. They built an amazing team that we thoroughly enjoyed working with, and it wasn’t long before TapCommerce was the clear leader in mobile retargeting. Then after less than two years, the company was acquired by Twitter for $100M — all their blood, sweat and tears led to a nice outcome.

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January 25, 2018

By Vic Singh, Founding General Partner


Why we led a $3MM round with the most promising “Esportspreneur”

Eniac is getting in the game with Esports One! We are excited to announce we’ve co-led their $3MM seed round with XSeed Capital. Esports One, the brainchild of “Esportsprenuer” Matt Gunnin, has coupled their proprietary computer vision technology with machine learning and custom datasets, creating real-time modules that are reshaping the way fans can watch and engage with esports. The financing will support the team ramp up operations and continue hiring.

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