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[Array VC] Exciting Reads, Investments, & Job Opportunities
2024 started with some great news for Array Ventures. We returned most of the Fund I to our LPs in 7 years. 🎉🎉🎉
Some notable companies in this fund: PlacerAI, RadAI, Solugen, Openprise Catch+Release, Zendar, and Vue.ai.
Array Ventures (website) invests in enterprise data/AI companies in their first ever raise. We are still investing connect with us (arraydeals@array.vc) if you are know anyone starting an enterprise data/AI company and looking for a $1.5 - 2m check
Welcome New Investments to the Array Family in 2024
Investors, Job Seekers, Curious People: Here is a list of all our relevant companies
Portfolio Notable News & Follow-on Rounds:
- Openprise (RevOps data automation) closed a Series B led by Morgan Stanley
- RadAI announces partnership with Google and closes their Series B
- Eventual Computing launched DAFT, a distributed query engine with a dataframe API which was on the front page of HackerNews last week!
- Happyrobot builds AI Voice Agents to automate phone calls in logistics
- Tumble.to granted patent for distributed networked laundry machine control
- Productiv adds Sidekick to help you manage your software licenses
- L Catterton, a leading consumer investment firm, partners with LiftLab
- CandorIQ offers Global Benchmarking Data across 100 countries, 5 million records & 380 roles
Are you still investing? Are you an angel or seed investor interested in seeing deals then please fill out this form to get access to B2B data deals.
Job Opportunities At Array’s 60 Portfolio Companies
Our companies are hiring and looking for Engineers (leads and IC’s), Sales, Customer Success, Marketers, Designers and more globally including many remote openings. Check out all the listings here.
Market Observations From An Early Stage Startup Investor
2023 was a tumultuous year with Q4 being the roughest year in terms of fundraising for companies I have seen in my decade of venture career. VCs were tired from a rough year, unable to have a differentiated opinion and ready to check out. Customers wanted to push out all decisions to Q1, and many companies who have been barely surviving from multiple cuts needed money to keep the lights on but had already made all the cuts possible.
The quiet dying of startups will continue to happen in 2024. But many of those founders are coming back with new AI ideas, more enthusiasm, and even larger rounds. VC’s came back with a more renewed excitement with a reminder of why they got into the VC business. Customers are also in a similar boat and back to spending and purchasing. Public markets have also been showing strong performance and even crypto seems to be back!
In summary, the VCs are active again at all stages. Valuations in AI companies are still very high across all stages. The bet VCs are making is this is a once in a lifetime opportunity like the early days of the internet where new companies being built today will be the next Big Magnificent 7 company.
The deal flow has picked up again this quarter compared to Q4 last year. We are back in situations where rounds are oversubscribed with multiple term sheets. We are lucky founders are choosing to work with Array Ventures.
Appreciate you reading this far! We will now go back to looking at new deals, helping our portfolio companies, and doing other VC things!
Also, I try to send this newsletter once a quarter. For updates between newsletters follow me on Twitter and LinkedIn. Share this newsletter with your friends or reply with their email to add them to the distribution. Let me know if you find this valuable and any other things you would like to see!
--Rehabilitation Equipment Manufacturer Founder / Owner
3mofile:///var/mobile/Library/SMS/Attachments/97/07/B6335628-0AE5-40DC-A83E-2B864B78ACFD/ ShoulderRx%20Investor%20Deck%20%20Mar-2024.pdf Seeking manufacturing funding. Requirements from metal -2- plastic injection molding and to include, AI along with ShoulderRx. Please let me know if you can assist me with my startup manufacturing in demand and in need.
Engineering Leader | YC Alum | SaaS | Marketplace | Angel Investor
4moThis is great insight. Thanks Shruti Gandhi.
Improving music artists careers with data🎸👾
4moWould love to connect! #AI #global #forecasting
Tackling the tough business and marketing challenges that Technology companies face in the Aerospace and Defense Markets
4moShruti Gandhi - informative post - and - impressive performance. We work with Technology companies to assist their fund-raising journey - always seeking solid, investment sources. One of our clients may map-onto your Infrastructure target segment. The company has solved a critical, underlying Internet infrastructure problem that compensates for network limitations, provides increased performance, better quality of service and tightened security measures. They have identified $350MM opportunity base (initially) and believe that the actual potential can fuel a multi-billion dollar business. We classify this client, as a potential Unicorn. You are within our LinkedIn contact network - if you want to learn more about this company - simply send us a DM. We can then provide their Pitch Deck and interface you with the Principals. In the interim - wish you continued success!
Founder | Results-Driven Sales Director | Revenue Growth | Strategic Sales Planning | Driving Sales Success | Entrepreneur
4moThis is great. Would love to connect and ask about a category I noticed you haven’t dove into as of yet!