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Marisa Bass - 1 Shravan - 1 Abridge - 1 Bass - 1 Gavin Uberti - 1 Uberti - 1 we'll - 1 Peter Thiel - 1
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Abridge Cupertino , California PitchBook
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IVP - 1 Primary Venture Partners - 1 Nvidia - 1 Harvard - 1 Apple - 1 Venture Partners - 1 Cerebras Systems - 1 Semiconductors - 1

Search resuls for: "Primary Venture Partners"


5 mentions found


☆ 44 of the most promising AI startups of 2024, according to top VCs
  + stars: | 2024-09-09 | by ( Ben Bergman | Sri Muppidi | Vishal Persaud | ) www.businessinsider.com   time to read: +1 min
Abridge: AI transcription for doctors and providersMarisa Bass (left) is a principal at Primary, and Shravan Narayen is a partner at IVP. Primary; IVPStartup: AbridgeRecommended by: Marisa Bass, Primary Venture Partners; Shravan Narayen, IVPRelationship: Primary has no financial interest in Abridge. IVP is an investor in Abridge. Total funding: $212.5 millionWhat it does: Abridge's generative AI tech transcribes patient-doctor interactions and documents those visits in electronic health records. Narayen and Bass highlighted Abridge's partnership with EHR giant Epic, which could help the startup gain more traction with hospitals this year.
Persons: Marisa Bass, Shravan, Abridge, Bass Organizations: IVP, Primary Venture Partners Locations: Abridge
☆ College dropouts raise $120 million to take on Nvidia's AI chips
  + stars: | 2024-06-25 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence. Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. "We're making the biggest bet in AI," Uberti said in an interview. Other chip startups taking on Nvidia include Cerebras Systems, which is building a physically larger AI chip, and Tenstorrent, which is using a trendy technology called RISC-V to build AI chips. Venture capitalists invested $6 billion in AI semiconductor companies in 2023, up slightly from $5.7 billion in 2022, according to data from PitchBook.
Persons: Gavin Uberti, Uberti, we'll, Peter Thiel, Stanley Druckenmiller, Kyle Vogt, we've, Robert Wachen Organizations: Nvidia, Harvard, Apple, Venture Partners, Cerebras Systems, Semiconductors, Taiwan Semiconductor Manufacturing Co, Venture Locations: Cupertino , California, PitchBook
☆ Startup Etched Closes Seed Round, Promises More Cost-Effective AI Chip
  + stars: | 2023-05-16 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: 1 min
Etched, founded by Harvard dropouts Gavin Uberti, left, and Chris Zhu, has attracted funding from Primary Venture Partners and other investors. Photo: EtchedEtched , a startup that has designed a more specialized, less power-intensive chip for running generative AI models, is expected to announce Tuesday that it raised $5.36 million in a seed round led by Primary Venture Partners. San Francisco-based Etched, founded by a pair of Harvard dropouts, hopes to bring its Sohu chip to market in the third quarter of 2024 and aims to sell to major cloud providers. The seed round valued Etched at $34 million.
☆ In the Whirl of ChatGPT, Startups See an Opening for Their AI Chips
  + stars: | 2023-02-27 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +5 min
Generative AI and large language models like OpenAI’s ChatGPT require massive amounts of computing power to run, and typically rely on chips like Nvidia’s graphics-processing units, or GPUs, that are specialized for these types of calculations. Graphcore sells primarily to AI startups looking to build and train models at lower cost, he said, and the company is benefiting from the proliferation of those startups. Shane Rau, who leads International Data Corp.’s semiconductor research, said chip startups are increasingly pivoting to focus their products on supporting large language models. Still, he added, “you’re going to see a combination of real adaptation and marketing.”“There will be the pressure to say: ‘Hey, we’re already relevant, our AI chip technology’s already relevant to generative AI’,” said Mr. Rau. Some chip makers say they expect yet another surge in demand once businesses more widely adopt generative AI.
☆ New York Venture Seed Funding Fell in Fourth Quarter
  + stars: | 2023-02-01 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +4 min
The number of seed funding deals for startups in New York fell 30%, from 185 to 129 between the third and fourth quarter, according to a report by VC fund Primary Venture Partners. Photo: Primary Venture PartnersBrad Svrluga, co-founder and general partner of Primary, said that gradual slowing hit the seed market hard during the fourth quarter. He noted that funding for seed-stage companies in the fourth quarter was nonetheless still up more than 100% since the fourth quarter of 2020. Work-Bench tracked 49 enterprise tech seed deals in New York City last year, slightly down from 51 in 2021, but up from 46 in 2020. Between the third and fourth quarters of 2022, enterprise tech seed deals actually rose from nine to 15, according to Work-Bench figures.
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