May 2024 Newsletter
The latest from Garuda Ventures, news from our portfolio, new investments, and a few tidbits!
Welcome to the Garuda Ventures newsletter, where we share the latest from us, news from our portfolio, new investments, and a few tidbits.
New Investments: It’s been active for us on the investment side, having made three new investments over the last few months. Each is still unannounced, so stay tuned to hear more
🚀 AI-powered observability and security for modern air and space operations
✅ Security governance, risk, and compliance at the speed of DevOps
🚢 AI-native software for freight forwarders designed to boost their top line, deliver better customer experiences, and digitize real-time global trade data
AGM: AGM season is upon us and we were grateful to host our annual meeting on a beautiful San Francisco afternoon, gathering our LPs and founders to share an update on the market and our progress as a firm. We also had the chance to sit down with the inimitable Ho Nam of Altos Ventures, who shared lessons learned from almost 30 building Altos
In the Media: Rishi was a guest on the CLIMB Podcast hosted by Jay Kapoor, Co-founder of VSC Ventures. He and Jay had a great discussion about building companies, raising a fund, valuations and AI. Give it a listen! And to learn a bit more about Rishi, check out this Venture Capital Journal profile
Portfolio News
Amperon, providing demand forecasts for the energy transition, expanded into Europe and announced its partnership with Microsoft to bring further AI capabilities to its user
Arena, building foundational AI for critical industries, announced their partnership with AMD to to enhance next-generation GPU performance optimizations
Dataroom, the blueprint for efficient growth for SaaS and marketplace businesses, announced its seed round, as well as the launch of a free forecast and headcount planning tool.
FlexPoint, the modern payment stack for Managed Service Providers (MSPs), announced its $5M seed round led by Haymaker Ventures, as well as its $30M credit facility
Metaview, which provides talent teams with automatic, AI-generated interview notes, announced its $7M Series A led by Plural Ventures
Noyo, the connections gateway for modern insurance, announced Anthem joined the Noyo Carrier Network, helping their customers enroll in coverage faster, receive their member ID cards sooner, and trust their data is being transmitted more accurately and securely
Paragon, the fastest way to ship integrations, launched Paragraph, bringing the power of Embedded iPaaS and the extensibility of code into a unified integration development platform
Hiring Across the Portfolio
There are over 100 jobs available across the Garuda Ventures portfolio! If you’re in the market for an exciting new role at an early-stage business, head to jobs.garuda.vc or click the button below to discover opportunities across our network of companies.
Garuda’s Bookshelf
In a world of bite-sized, easily consumable content, we love asking and getting the question, “Have you read any good books lately?” In this month’s bookshelf:
Non-fiction: The Splendid and the Vile by Erik Larson
The Splendid and the Vile by Erik Larson is a gripping narrative nonfiction account of Winston Churchill's first year as Prime Minister of the United Kingdom during the height of the Blitz bombing campaign by Nazi Germany in 1940-1941. Larson draws on diaries, letters, and other primary sources to vividly depict Churchill's leadership in the face of unrelenting horror, as well as the personal lives of his family and inner circle as they navigated the challenges of wartime.
Fiction: Table for Two by Amor Towles
Table for Two is the latest by Amor Towles (a big favorite here at Garuda). It is a combination of short stories, mostly set in New York City around the turn of the millennium and a novella that follows the character Evelyn Ross from Towles's previous novel "Rules of Civility" as she crafts a new future for herself in 1930s Hollywood. A fun and easy read, it is definitely worth picking up for upcoming summer travels.
Garuda Ventures is a B2B-focused, pre-seed and seed-stage venture firm. Subscribe below to get the latest from us, and visit garuda.vc to learn more.