April 25, 2018

This year the Eniac Team descended upon Vancouver for Ted Age of Amazement. And the event really did live up to its name. It was a week of non-stop discovery.

It would take another week to speak to all the knowledge dropped, but in case you missed it, here are our Top 10 Takeaways from TED.

  1. There are so many transformative ideas to save the planet
  2. How we’re preserving the human body
  3. It is time to challenge the Internet
  4. How humans and AI can peacefully co-exist
  5. Climbing without a rope
  6. Is personal flight the new Uber?
  7. Can technology make or break democracy?
  8. Data, manipulation and the threat of dictatorship
  9. Machine vs. Man — What can they really know?
  10. There is life beyond.

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.

March 22, 2018

By Hadley Harris, Founding General Partner

Each year since 2001, Forbes announces their Midas List of the top 100 VC’s in the world. It is an esteemed award filled with the biggest names in venture capital.

But my partners and I will never be on this list.

March 8, 2018

By Nihal Mehta, Founding General Partner & The Eniac Team

Today is International Women’s Day, and my team and I are proud to honor and celebrate the Women’s Empowerment Movement.

Championing women has always been part of Eniac’s commitment.

Going back to our time at UPenn, we were inspired by all the people that helped design, build and operate ENIAC. Almost forgotten in recent history, were the six women — Kathleen McNulty Mauchly Antonelli, Jean Jennings Bartik, Frances Snyder Holberton, Marlyn Wescoff Meltzer, Frances Bilas Spenceand Ruth Lichterman Teitelbaum — that actually first programmed the machine. The “Computers,” as they were nicknamed at the time, were recruited as top mathematicians and many of them went on to teach programming and develop some of the earliest tools for software engineers.

March 6, 2018

As seed investors, we have a unique opportunity to invest in world-changing companies early. We’ve been actively investing in and spending more time in deeper tech areas in addition to our focus on opportunities in consumer, marketplaces, SaaS, and vertical AI. Inspired by the ENIAC computer, the first automated computer created at UPenn during WWII, we like deep tech opportunities that place computing at their core.

Click Read More to learn more about some of the deep tech we’re interested in.

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.

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.

February 15, 2018

By The Team Team

On February 15, 1946, ENIAC, the world’s first programmable electronic computer made its debut at the University of Pennsylvania. And 72 years later, we wanted to commemorate the “Giant Brain,” as dubbed by the press, for its impressive start to the computer programming revolution and for being the inspiration for Eniac Ventures.

Today, as we look back at ENIAC, let’s remember not only how far technology has come, but all those with the vision, the skills, and the support who have helped us get here.

February 9, 2018

Eniac by the Numbers

February 9, 2018