Kindred Ventures’ Post

At Zive, I’m building the foundational layers to enable AI/ML and SLMs to disrupt traditional services-oriented fund administration business. Reducing the choke point to journal entries, intelligent document processing, and AI-enabled fund accounting are the key ingredients for a scalable low-cost high-margin business. I’m not surprised by this article. https://lnkd.in/dpZiXZAv

Looking forward to how this new offering, the first from Surge Ventures, will be greeted in the industry. Happy to hear from compliance folks at the 20 RIAs already using Avery too. It is also refreshing, after the tidal wave of generative AI products these last six months I've had to parse through, to see something built in-house on open source frameworks. https://lnkd.in/eaXQmeDu Sid Yenamandra #RIAs #financialadvisor #financialadvisors #financialadvisers #RegTech

Here are 3 growing AI Startups to look out for… 👀 Sizzle AI (EdTech)  - Founded by Jerome Pesenti - Backed by Owl Ventures and 8VC What do they do? - Empower students through a free app that helps solve problems step-by-step. Think ChatGPT but specifically for word and math problems. Arkifi (FinTech) - Founded By Hesam Motlagh, Lawrence Spracklen, Jeremy Fraenkel, Anika Huhn - Backed By Khosla Ventures, Nyca Partners What do they do? - Create workflow automation for investment banking, hedge funds, private equity firms EKOM AI by Writerly AI (ProductivityTech) - Founded by Jon Ricketts and Bob Hutchins, MSc What do they do? - Generates and optimizes product detail page assets for e-commerce stores. Powered by CMS data - measured against real-time marketplace search intent. Who should I spotlight next? 🔦 #aistartups #artificialintelligence #venturecapital #aiadoption

Great article from Citi Ventures explaining the various types of startups applying #GenAI to Financial Services, their challenges and their moats. Zelros operates in the vertical financial services-specific type. https://lnkd.in/ehvAdmts

Observability is critical to enterprise AI systems that learn. It'll be interesting to see how New Relic transforms itself for the new enterprise AI era. https://lnkd.in/gDNDYciA

Can SoundHound AI Stock Make You a Millionaire? #AIStockMillionaire 🤝 Follow us on Discord 🔜: https://lnkd.in/gt823Zd3 🤝 Follow us on Whatsapp 🔜 https://wapia.in/wabeta _ ❇️ Summary: SoundHound AI is a small company with potential in the conversational intelligence market, with high-profile customers and a large addressable market. However, there are red flags and risks, including slowing revenue and backlog growth, competition from other AI startups, and the fact that it went public through a SPAC. The company's stock is currently 80% below its initial SPAC price. While it may be too risky for most investors, it is worth monitoring for those interested in aggressive investments. Hashtags: #chatGPT 1. #SoundHoundAIStock 2. #MillionaireInvesting

Puzzle 🧩🚀recently secured $30 million in new funding to pioneer AI-driven accounting automation. Their platform integrates seamlessly with fintech tools like Stripe and Brex, offering real-time financial insights tailored for startups. By rebuilding the general ledger with generative AI, they aim to simplify compliance and decision-making. How can startups best leverage real-time AI-powered accounting platforms like Puzzle to optimize financial decision-making and business growth? Full article in the comments!

Winter is coming. Whatever you think about the antitrust busting shenanigans that have gone on in the last 24 hours over at Inflection and Microsoft, it's a bad look for the latest AI wave. A startup that raised £1.5bn in outside capital has its resources gutted via an acquihire (that seems to have skipped the acquire part) and shutters its main product - which was already a shadow if its founder's original vision. Meanwhile the team members gifted a parachute land at a company that has invested easily upwards of $14bn into AI companies, and has ridden that industry hype to all time high valuations, but is now telling investors to 'temper' their expectations in terms of what this technology can deliver in the short to mid term. How much news like this can we face before air starts to collectively go out of the market? And for those who really believe would that even be a bad thing? After all it might be better if toil in obscurity if you're trying to re-shape the world order.

In my opinion, neither AI nor the pandemic are the primary influences on the current state of the IT sector. I believe that a shift in the cost of developers, specifically the tax burden per developer, poses a more significant issue. For a more comprehensive understanding, I recommend the insightful video that articulates this matter more eloquently than I can :

GAME CHANGER. As we close out an amazing year in which AI quickly came to the forefront of investor interest, 2024 promises to bring quantum leaps in productivity and client service as AI is harnessed for use in businesses across all sectors. The team at Count is poised to lead the transformation by acquiring and modernizing accounting and financial services businesses. Similar to the rise of personal computers, the internet, and more recently mobile and social platforms, we believe AI will redefine where people spend time and how businesses operate. Count's in-house tech team is leveraging best-in-class software and developing proprietary AI solutions to create intuitive, efficient, and intelligent accounting experiences for both accountants and clients. Check out the timeline review of 2023 for context on how quickly things are moving...