MVP Ventures

AI-powered legal tech startup Alma is out to disrupt the US immigration legal services industry, simplify the visa process, and make the American dream a reality for many. Alma uses AI to complete the end-to-end workflow for immigration cases — with its AI-powered legal document drafting tool generating high-quality legal documents in minutes rather than hours. The founding team has backgrounds in top-tier law, engineering, consulting, and project management from Harvard, Cooley, McKinsey, and Uber — and are all three immigrants themselves. We’re thrilled to be backing this great team alongside Bling Capital, Forerunner, NFX, New Enterprise Associates (NEA), and more. Congrats to Aizada Marat, Assel Tuleubayeva, and Shuo Chen! Read the immigration story that inspired the startup in this great TechCrunch article here: https://lnkd.in/grHRpR-p 

Congrats to Chris Carson and the Hayden AI team on the $90 million Series C round led by TPG’s The Rise Fund! The round is a hard-won achievement for the company. It comes as Hayden has expanded its market leadership and customer base both domestically and internationally, working with some of the nation’s largest cities and transit agencies — including New York’s MTA, Washington DC’s Metro, Los Angeles Metro, the East Bay’s AC Transit, and others — to detect and enforce parking and moving violations that obstruct public transportation and road safety. We’ve been honored to witness Hayden AI’s incredible growth and resiliency over the last three years, since their Seed round, and we’re proud to continue supporting the company on its mission to make cities safer, more accessible, and more sustainable for all. Read more about the round here: https://lnkd.in/eeNi5r_g

Exciting advancements in composite manufacturing are transforming industries from aerospace to consumer electronics — and this great article from The Wall Street Journal features our portfolio company ARRIS as one of the startups at the forefront of this revolution! ARRIS and its innovative techniques to produce lightweight composite parts efficiently and cost-effectively, the use cases for the technology, and the projects ARRIS is currently working on are discussed extensively in the article. Just one quote: “Today, you can buy consumer products made with ultralight, ultrastrong parts from Arris and 9T Labs, including Brooks running shoes, spokes for bicycle wheels, and luxury watches. But what’s coming is even more interesting: Arris’s technology is being tested by Airbus to replace metal brackets inside its planes and by Singapore-based ST Engineering, which performs a substantial fraction of the repairs on airplanes in the U.S.” It’s exciting to see ARRIS get such great recognition for being a leader in the composite space! Click here to give the full article a read: https://lnkd.in/euda6uyP Riley Reese

If you're in San Francisco, don't miss Turing's next AGI Icons event with Facebook’s first CTO and Co-founder of Quora, Adam D'Angelo, as they discuss the future of artificial general intelligence and the crucial role of human knowledge in its development. Jonathan Siddharth

Enterprise training platform Learn to Win has secured $30 million in a Series A funding round led by The Westly Group, with participation from Norwest Venture Partners, and Pear VC. This investment will support the company's product development and expansion efforts in both defense and commercial sectors. Since its founding in 2019, Learn to Win has leveraged AI and data analytics to provide personalized, predictive training solutions for high-stakes environments, boasting a 140% net revenue retention rate and a strong client base that includes the US Navy, the United States Air Force, Novartis, AbbVie, and major sports teams. Congratulations, Andrew Powell, Sasha Seymore, and the L2W team! Read more: https://lnkd.in/eyKtXfrs 

Anduril Industries recently announced plans for a large-scale production facility in Rhode Island that will enable the company to increase production to 200 Autonomous Underwater Vehicles (AUVs) per year. Anduril has seen a growing demand from defense and commercial customers for its Dive-LD family of AUVs, including an $18.6 million contract with the US Navy. By investing in a scaled production facility ahead of need, Anduril will be able to rapidly scale production, stay ahead of customer demand, and deliver on orders with unprecedented speed — not to mention, create more than 100 jobs over the next five years. Read more about the facility plans and the demand driving it here: https://lnkd.in/eXruJWqg 

Frore Systems is unstoppable! The company just announced another game-changing innovation in thermal management technology — the AirJet Mini Sport. With the new waterproof AirJet Mini Sport, devices like smartphones and action cameras can achieve a performance boost of up to 80% while remaining waterproof and dustproof, and without having to compromise on the small form factor. Read more about the new chip and the scientific principles that make Frore’s solution revolutionary to the industry here: https://lnkd.in/gSE8YCM9 Seshu Madhavapeddy

So proud to see Jennifer Arnold, co-founder & CEO of our portfolio company Minerva, as a finalist for the 2024 Most Influential Women in Fintech award by American Banker   This award recognizes women in the financial technology community who have wielded influence and helped move the industry forward. Jen's in great company with some incredible leaders from Mastercard, Square, Plaid, R3, Orum, Hello Alice, among others. Join us in celebrating Jen's outstanding leadership and innovation in advancing AML screening and investigations. This recognition underscores her impact and Minerva's leadership in the industry. Read more about Jennifer's achievement and Minerva's innovative approach here:  https://lnkd.in/geg4QSA2 Congratulations, Jen! 🥂 #Fintech #Leadership #AML #WomenInTech #Innovation #Minerva

Congratulations to Collaborative Robotics, Brad Porter, Jane Mooney, and Steph Tryphonas as they continue to build a world-class team with yet another stellar hire — and establish an additional office in the PNW!

NFT marketplace Magic Eden hit a significant milestone last week when its trading volumes surpassed Blur to claim the top spot on Ethereum — making it the leading platform across Solana Labs, Bitcoin, and Ethereum networks. Magic Eden’s surge in trading volumes and market share underscores the company’s success in attracting users and creators with its cross-chain capabilities and extensive collection of digital assets. Read more here: https://lnkd.in/eZ44D9rd