Arc

Moments ago we unveiled Capital Markets to the world—the first venture debt marketplace for Silicon Valley. Through Arc, startups can apply for everything from Venture Debt to ABLs  from the world’s leading lenders in minutes and receive indicative terms at no cost. We’re so confident in our network of lenders, that qualified startups who apply but don’t receive indicative terms will receive $10,000 in their Arc account*. That’s what we call a win-win. 🤝 Links: 👉 Apply for funding: https://lnkd.in/gAgtuj-2 👉 Learn more: https://lnkd.in/g8MRxD86 * Conditions apply.  Indicative terms are not a binding offer. See full terms at https://lnkd.in/gc23iJAv.

Our partner Vention is offering free custom software development service through their first-ever In:Vention Incubator program 🚀 US-based startups are invited to apply for a chance to get free custom software development services valued at $150K and the expert support of Vention's engineers and tech partners. Here’s how to apply before the final deadline (this Friday, June 28 at 5 PM ET!): https://lnkd.in/gCvEyWhC

If you're an NYC-based founder building in consumer tech... Come meet fellow founders and investors this Saturday while enjoying the views from our new NYC HQ! 🍾

Espresso AI is like having a team of DBAs optimizing your Snowflake spend 24/7. Recognizing how Gen AI could now fix software optimization issues much more comprehensively, Ben Lerner teamed up with previous co-workers Juri Ganitkevitch and Alex Kouzemtchenko to build Espresso AI. Different from other software optimization tools, Espresso AI utilizes advanced LLMs and machine learning to refactor queries and manage data warehouses more efficiently. With Espresso AI, customers reduce cloud compute costs by up to 80%. A recent big win 🏆: A year after founding, the co-founders announced an $11m seed round to continue building out exceptional products to accelerate cloud computing and further minimize data warehouse costs. 🙌 Today, Espresso AI's customers are saving up to 70% on their Snowflake bill. 👉 Get started with a free savings estimate at espresso.ai

This week Arc sponsored SF's Women Tech Meetup 🙌 We had the pleasure of hearing our very own Erika Bricky share her experience, tips, and scalable frameworks to succeed in the wild west that is early stage startup. A huge thank you to the other panel speakers for contributing to such a great event and sharing their amazing insights - Victoria (Vic) Woo, Ph.D., Anna Kohnen, Erika Bricky, and Elizabeth Dlha and of course Dasha Shunina 🙏 Talk about an absolute power house group! 🔥

Ellipsis (YC W24) will review your code (and do a good job!) After connecting on Y Combinator’s co-founder matching website, co-founders Hunter Brooks and Nick Bradford recognized their shared vision to revolutionize AI dev tools. As developers themselves, Hunter and Nick personally understand the everyday challenges that engineers face while reviewing and fixing bugs. By combining Nick’s machine learning expertise with Hunter’s infrastructure and enterprise knowledge, the team built Ellipsis (YC W24) to convert technical instructions into working, tested code. Today, Ellipsis is helping over 50 companies ship faster. Try it out for 7 days at www.ellipsis.dev.

Customers face decision paralysis all the time, but what if you could provide the right data to optimize their choices? With Upsolve AI (YC W24), you can. After years of working in data engineering and analytics, Ka Ling Wu and Serguei Balanovich recognized growth companies don’t efficiently use analytics for their customers. That’s why the co-founders built Upsolve AI – to help companies build and deploy insightful dashboards for their customers within days, not months. 🏆 A recent big win: The team’s advanced AI-powered builder helped a new client create and ship their customer-facing dashboard in just two days. Upsolve AI is committed to simplifying analytics so businesses can deliver more value to their customers. Learn how you can easily embed customer-facing analytics at upsolve.ai.

You shouldn’t need to choose between yield and protection. With Arc Treasury, you can get both. How do Arc’s Treasury accounts work? - Apply for and open a brokerage account same-day, with streamlined access through a consolidated dashboard comprised of all your Arc accounts. - Unlock competitive yields across a range of investment options, including Money Market Funds, Mutual Funds, and Treasury Bills (up to 5.4% net yield as of 4/26/24). [1] - Receive up to $5M in FDIC insurance eligibility through cash sweep programs. [2] - Set up smart rules to auto-purchase positions as well as optimize balances between Business and Treasury accounts. Arc streamlines your Treasury operations, so you can focus on building your business. Learn more at joinarc.com/treasury.

This week, Arc sponsored two incredible events for the startup ecosystem, bringing together hundreds of founders & CFOs in San Francisco. Great company and a scenic San Francisco view made for a successful Happy Hour on Tuesday, hosted by Operators Guild! A special shoutout to our co-sponsors, Newmark and Mozart Data for making this event possible. On Wednesday, founders, operators, and VCs had a chance to unwind and recharge amidst the craziness of Stripe Sessions and Startup Global Grind. Thank you to our co-hosts, Puzzle 🧩🚀, Pulley, and Soma Capital for helping us create a fun and memorable evening. And a heartfelt thank you to all who attended and contributed to the success of these events! The power of community continuously inspires all of us at Arc. We can’t wait for the next! 🚀

Arc's SF HQ looked a little different than usual on Tuesday night! We had 100+ founders and VCs join us for The AI Hustle’s Happy Hour 🚀 We're still thinking about the energy and excitement that filled the space as the AI community gathered to network and learn. Many thanks to all the founders, investors, and experts who came out to chat, share insights, and just have a good time. And most importantly, a huge shoutout to Louisa Lu at CommunityOne for organizing this Happy Hour!