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November 9, 2017

Eniac Ventures has grown!

November 9, 2017

By The Eniac Partners


In many years in the industry helping our founders grow their own businesses and find success, we’ve continued to look for ways to be more strategic, improve processes, streamline efforts and help our portfolio get the support they needed outside traditional term sheets and cap tables.

We care about the people we invest in and with our latest fund, we’ve launched the Eniac Platform. It was born because we want our founders to focus on making their product the best in the world, and to make that happen, we are offering to provide hands-on support ranging from recruiting, operational resources, business development, exclusive networking, marketing and PR and fundraising advisory — rare resources for a seed-stage firm. But coming from our diverse backgrounds of starting and scaling companies each ourselves, we know what it is like to be stretched dangerously thin and scrambling for reliable resources. We want to offer our founders the best possible experience, we want them to succeed.

November 6, 2017

By Vic Singh, Founding General Partner, Eniac Ventures


Eniac is excited to lead Pienso’s seed round with our friends at SoftTech. Founded by seasoned MIT graduates, Birago Jones and Karthik Dinakar, Pienso is making machine learning accessible to enterprise domain experts who don’t have the requisite data science experience. As corporations heavily invest in big data lake initiatives to glean insights into their business, domain experts find it challenging to communicate their requirements to data scientists, often times those requirements get lost in translation.

Enter Pienso, a startup that has built a proprietary method called Lensing which uses machine learning to cluster data through an intuitive UI that domain experts (researchers at pharma companies, analysts at energy corporations, intelligence analysts etc.) can access directly to make sense of the copious data across the enterprise.

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October 23, 2017

Why we’re betting on Zero

October 23, 2017

By Tim Young, Founding General Partner

Money is universal. But how we use it says a lot about us. According to Facebook IQ Insights, 49% of millennials prefer mobile banking. Nobody has time for disjointed checking and savings accounts, separate credit cards with high APR’s and confusing (and sometimes costly) rewards programs. Our experiences are now instant, easy and, most importantly, connected, and so should our money.

Enter Zero, the company that aims to replace traditional consumer credit, debit and checking ecosystem. Today, the company announced the close of their $8.5M seed round, which supports the San Francisco-based company to continue to scale as quickly as their 150,000+ waiting list.

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October 18, 2017

The API is the new APP

October 18, 2017

By Nihal Mehta, Founding General Partner


Today, we’re excited to announce our investment in Alloy, an API for identity. And let’s face it, the API is the new APP. We’ve been witness to other API-centric companies like Cloudflare, Factual, Foursquare, mParticle, Sendgrid, Shopify, Stripe, Twilio, and many more, all scaling faster than any company has done have before, leveraging what the API is good for- lightweight, frictionless, self-serve and powerful- to millions of customers.

One of the things Alloy solves what many of us have experienced: applying for a credit card and getting a rejection letter in the mail three weeks later. Alloy’s API enables financial institutions like credit cards the ability to generate real-time decisions so that banks can provide approvals in seconds, increasing customer satisfaction and reducing churn and brand degradation. And that’s just one of the company’s first use cases and initial customer verticals through their robust API.

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October 13, 2017

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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May 23, 2017

By Hadley Harris, Founding General Partner


Today we are incredibly excited to announce the Eniac-led $2.5M seed round and launch of Embrace.iothe first platform to provide performance feedback for mobile. At Eniac we all cut our teeth as developers and operators and spent many hours praying for a solution like Embrace. Other sectors had tools like New Relic and AppDynamics but in the mobile world once you publish your app you are blind to everything but crashes. This has been a major thorn in the side for the mobile ecosystem, so why are we all in on Embrace?

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February 10, 2016

Why We Invested in Anchor

February 10, 2016

By Hadley Harris, Founding General Partner, Eniac Ventures


Today we’re excited to announce our investment in Anchorwhich launched todayAnchor is a social audio platform that lets users effortlessly create “waves”, short bits of audio content. Users can also listen to waves by creator, hashtag or category and reply to create an interactive conversation.

It looks like we weren’t alone in loving the concept of Anchor. Apple is featuring it as the #1 Best New App and Anchor spent a whole day as the #1 overall product on Product Hunt! You can’t ask for a better launch!!!

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December 2, 2015

Why we invested in Sochat

December 2, 2015

By Hadley Harris, Founding General Partner


Last month it was announced that we led a seed round in Sochat followed by a number of other great investors — Greylock, NEA, Slow, Betaworks, Foundation, and Allen Zhang. Of course, investment decisions are complex, often with many factors, but I’ve tried to boil things down to the main factors that drove us to lead the round.

Unique founder market fit

The number one factor in any investment decision we make is the quality of the team. Our investment in Sochat was no different. Prior to founding Sochat, Luke spent two years leading WeChat’s growth team in China. For those that don’t know, WeChat is the world’s largest and arguably most advanced chat platform, boasting an astonishing 650M users. It completely dominates the Chinese marketing in a way no platform dominates the US (more on that later). As the leader of the growth team, Luke has experience that almost no one else in the world has — at most, it’s an experience shared by a handful of people at Facebook, Snapchat, Kik, Line, and Kakao. In addition, Luke had pulled together a kick-ass team of engineers and product people (Luke himself a full stack engineer build most of the original version).

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November 14, 2013

Why we invested in Statsbot

November 14, 2013

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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