Lonne Jaffe’s Post

"In the past two years, AI has gone from a nice-to-have to a must-have for most SaaS companies. As Managing Director Lonne Jaffe puts it: 'The discussion will likely shift from the novelty of AI to the nuances of its integration into existing products and services. The emphasis will be on how seamlessly AI can be woven into the fabric of daily business operations to enhance productivity and decision-making. Attention will turn to the refinement of AI outputs, reducing errors, managing legal and regulatory issues, and improving the user experience.' Writer, Weights & Biases, and 6sense have all embraced AI, but each offers a different lesson for #startups and #ScaleUps, including: 1️⃣ Scaling an AI-forward company and building a board that believes in your vision 2️⃣ Uniquely understanding the pain points of your customers when building out AI capabilities 3️⃣ Transforming your current product offering with AI..." Insight Partners

"Artificial intelligence is transforming the technology sector in New York City -- into a booming one worth billions and rivaling San Francisco in innovation, investment and talent... New York City-based generative AI companies raised $2.7 billion since the start of 2021, according to PitchBook Data. So far this year, investors have put $200 million through 27 deals into generative AI startups in New York City, compared with $400 million through 35 deals in the category in San Francisco, the data provider said... Many AI startups in New York aren't developing massive models like San Francisco's OpenAI is. Instead, they're selling ready-to-use AI tools for sectors like banking and healthcare, said New York-based Insight Partners Managing Director Lonne Jaffe... New York gained more relocated tech workers than any other U.S. city in 2023, according to an analysis of LinkedIn data by venture firm SignalFire... The AI research labs of public tech companies, including Meta Platforms, Google DeepMind, a subsidiary of Google parent Alphabet, and Palantir Technologies, have been key sources and anchors of talent, along with local academic institutions such as Cornell Tech, Columbia University and New York University, where Meta chief AI scientist Yann LeCun is a professor.... New York is also a top destination for AI talent from Europe, Israel and Asia, who prefer to live in the city over San Francisco and other emerging tech hubs, some founders say... new AI labs and venture- capital offices in the Big Apple are drawing people in. Over 150 AI firms are based or have satellite offices in New York, according to Lux Capital..." https://lnkd.in/ec5r_hjK

Emily Chang interviews Reid Hoffman‘s AI digital twin at the Bloomberg Tech event using Hour One (the video avatar), ElevenLabs (the voice generation) and OpenAI (for the content, with access to Reid's writings) https://lnkd.in/esWNPgiq Insight Partners

https://lnkd.in/eJJZ78eT Part 2 with Reid Hoffman taking questions along with his generative AI twin created with Hour One, ElevenLabs, and ChatGPT Insight Partners

congrats to Prukalpa ⚡ and the team at Atlan on their $105 million Series C. they are crushing it with commercial traction: -- 7x revenue growth over the past 2 years -- rapidly growing customer base including industry leaders like Cisco, Autodesk, Fox Corporation, Nasdaq, HubSpot and hundreds more investors are: GIC, Meritech, Salesforce Ventures, Peak XV Partners, Insight Partners, and WaterBridge Ventures. Their generative AI product, Atlan AI, is worth checking out too, will post a link in the first comment below Grace Kotick Amelia Miller Teddie Wardi

part 2! using Hour One

congrats to Thomas Krane, Oz Golan and the entire Insight Partners deal team and Noname Security and Akamai Technologies teams! “Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announces that it has entered into a definitive agreement to acquire application programming interface (API) security company, Noname Security. Noname, one of the top API security vendors in the market, will enhance Akamai’s existing API Security solution and accelerate its ability to meet growing customer demand and market requirements as the use of APIs continues to expand. Akamai also expects to gain greater scale with Noname’s additional sales and marketing resources, and established channel and alliance relationships. “Applications run our world, but as applications and users proliferate, so do security risks,” said Mani Sundaram, executive vice president and general manager, Security Technology Group, Akamai Technologies. “Akamai has seen a growing need for API protection with our own data showing 109% year over year growth in API attacks. With the addition of Noname, Akamai believes it will have the breadth of integrations and deployment choices needed to deliver comprehensive API protection for customers across all environments.” As a result of the acquisition, Akamai expects to offer a complete API security suite enabling customers to better discover “shadow” APIs and detect vulnerabilities and attacks. Akamai’s enhanced offering expects to have greater deployment choices for customers and access to a portfolio of technology integrations that is unrivaled in the market. Akamai also plans to integrate Noname for use by customers of Akamai’s Application and API platform shortly after the acquisition is closed. “API development continues to proliferate as customers prioritize their investments in application modernization and digital transformation initiatives,” said Oz Golan, chief executive officer and co-founder, Noname. “Combining Noname with Akamai’s API Security offering will provide a solution for any type of customer. No matter where the customer’s applications reside – be it in the cloud, natively on the edge, on-premise, or on other vendor platforms – they will be protected.”Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Noname for approximately $450 million, after customary purchase price adjustments. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in the second quarter of 2024...”