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The Venture Codex

Hike Ventures

1333 Gough Street Apt 8B, San Francisco, California, 94109, United States

Overview

Hike Ventures is a venture capital firm that invests in artificial intelligence and machine learning.

Total investments
24
Lead investments
3
Investments · 12mo
2
Active investors
2

Sector focus

  • Artificial Intelligence (AI)
  • Machine Learning
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Investment portfolio

  • Vibrant Labs

    Participated · Seed · Dec 2025

    Vibrant Labs develops open-source tools and environments to benchmark, evaluate, and scale AI agents, leveraging techniques such as Reinforcement Learning from Variable Rewards (RLVR). The company’s initial focus is on web and general computer-use agents, providing structured evaluations to improve their long-term performance. Its founding team previously created Ragas, the most widely adopted evaluation framework for AI applications, reportedly used by 80% of Fortune 500 companies. This deep expertise underpins Vibrant Labs’ strategy of making rigorous, scalable evaluations the foundation for training next-generation frontier models. The company champions open-source development, believing it accelerates innovation in the AI ecosystem. Financially, Vibrant Labs has secured $2.5 million in pre-seed funding to launch and expand its platform. Future plans include broadening its suite of benchmarking environments and further scaling its evaluation infrastructure for enterprise and research customers.

  • Ethosphere

    Participated · Seed · Sep 2025

    Founded in 2024 and headquartered in Seattle, Ethosphere develops a voice AI platform that captures live, in-store customer interactions and transforms them into aggregated, personalized guidance for frontline retail staff. By leveraging large language models, the system delivers coaching insights that help associates improve customer experience, foster loyalty, and drive brick-and-mortar sales. The company positions its technology as augmenting, not replacing, human interaction, addressing what it sees as a key gap in existing retail AI solutions. Early traction includes global retail partnerships with leading brands and pilot programs that are being scaled with new funding. Ethosphere’s human-centric approach is designed to strengthen brand-to-customer relationships while giving managers a centralized view of store-level performance. The recent $2.5 million capital infusion provides the runway to expand these pilots and refine the product for broader market adoption.

  • Mesh

    Participated · Series B · Mar 2025

    Founded in 2020 and based in San Francisco, Mesh operates a crypto payments and settlement layer—branded SmartFunding—that routes payments across wallets, chains and assets so merchants receive instant stablecoins or local currency. The company reports reaching 900 million users through integrations with exchanges, wallets and financial platforms and counts partners such as Ripple, Paxos and Rain; it added support for Ripple’s dollar stablecoin and an integration with Apple Pay. Financially, Mesh had raised over $200 million prior to the reported round, including a $82 million Series B in March 2025 and a $75 million Series C on January 27, 2026 that brought it to a $1.0 billion valuation. Axios reports Binance is preparing to lead a new financing that could value Mesh at up to $2.0 billion, a move described as strategically focused on payments infrastructure rather than token trading. When announcing its Series C, Mesh said it would deploy capital to expand in Latin America, Asia and Europe, with India highlighted as a priority market.

  • Nowadays

    Participated · Seed · Dec 2024

    Nowadays uses LLM AI combined with OpenAI, Anthropic and its own models plus a database of 400,000 global venues to automatically source venues, caterers and vendors for large events. The platform emails and can call vendors to gather bids, organizes responses, and presents options for planners to make decisions and sign contracts. It targets events with budgets over $20,000 and charges 5% of sourced spend or offers an annual subscription. Since launching, Nowadays has been used to book over $4 million worth of events and has served customers including Google, Amazon, Notion, and Supabase. The company was founded in 2023 by sisters Anna Sun (CEO) and Amy Yan (COO) and participated in Y Combinator; growth has primarily come via word of mouth from corporate event planners. Nowadays has also been featured in startup demo forums such as TechCrunch Disrupt Battlefield 2024.

  • CalmWave

    Participated · Equity · Nov 2024

    CalmWave offers the Quiet ICU via an Operations Platform that uses "Transparent AI" to make its reasoning and data visible and to recommend optimized alarm settings at the bedside. The platform ingests retrospective and real-time patient data — vital signs, interventions, and medication administration — to generate objective recommendations to reduce alarm fatigue. CalmWave reports a 58% reduction in non-actionable alarms in a retrospective analysis of a charter customer’s Cardiac Care unit. The company cites that 80–99% of ICU alarms are non-actionable and positions its product as a solution to improve clinician workload, patient outcomes, and staff retention. CalmWave operates as a SaaS platform and is expanding channel partnerships with GPOs such as Premier, Inc. and Partners Coop. The company will use new capital to accelerate market penetration and grow both new and existing channel partnerships. CalmWave provides a platform that ingests data from all devices a patient is connected to and delivers customizable views for clinicians, including individual patient views, ward summaries, and clustered patient alarms. Its platform produces “Operations Health Scores” that describe each nurse’s workload and well-being using factors such as alarm volume, response times, patient length of stay, and nurse-to-patient ratio. Key features include Smart Alarms that group alerts into incidents, Device Thresholds and Alarm Monitoring, Intelligent Patient Acuity scoring, Staff Orchestration to balance workloads and improve retention, Insights & Analytics for users across roles, and built-in Expert Services for assessment and implementation. The company is led by CEO and Founder Ophir Ronen. CalmWave says it will use the funds to recruit talent, advance new marketing initiatives, and create and launch innovative products. The product and roadmap are focused on reducing alarm burden, optimizing staffing, and improving patient outcomes through data-driven operational insights.

Team