Participated · Series A · Sep 2021

Amberdata provides data and analytics across blockchain networks, crypto exchanges, and decentralized finance for institutional clients, including Citi, Coinbase, Nasdaq and Franklin Templeton. Its core product is institutional-grade digital-asset data and insights intended to support tax, accounting, treasury and compliance workflows. The company plans to use new capital to build additional product lines and accelerate global expansion beyond existing deals in the U.S., U.K., Latin America, Singapore and Australia. Management frames demand as a surge of institutional adoption that requires comprehensive data to onboard and operate with digital assets. Financially, Amberdata raised a $30M Series B at a $330M valuation and has raised $47M in total to date, including prior seed and Series A financings. The company was launched in 2017 and positions itself as infrastructure to help institutions accelerate time to market with digital-asset products. Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance for financial institutions. The platform analyzes over 8 million blockchain network transactions and more than $500 billion in trading activities daily. It powers research, trading, risk, analytics, reporting, and compliance, and serves as a critical piece of infrastructure for investors entering the asset class. Institutional customers can integrate real-time and historical data and metrics via FIX, REST, WebSockets, and RPC and gain access to reference rates, indexes, and analytics. Founded in 2017 and based in Palo Alto, the company plans to use new funding to expand engineering and go-to-market capabilities. Amberdata operates a unified data platform and APIs that deliver validated on-chain data, analytics, smart-contract and token activity, and market data across top crypto exchanges. Its customers include custody providers, institutional crypto trading firms, asset managers, and research and analytics companies. The company says its offering enables customers to build data-powered applications and maintain a competitive edge. Amberdata was founded in 2017 and is headquartered in Palo Alto, CA, with operations noted in Fremont, CA in the announcement. The recent investment from multiple venture firms is intended to fuel growth and accelerate its position as a leading provider of institutional-grade blockchain and cryptoasset data. Investors are expected to bring industry insight and experience to support Amberdata’s expansion. Amberdata is building a SaaS platform that monitors, searches, analyzes and secures public and private blockchains. The platform offers instrumentation for blockchain infrastructure, applications and transactions and provides actionable insights, search and alerts to help businesses monitor and support blockchain operations. Led by co-founder and CEO Shawn Douglass, the company aims to enable operational intelligence for blockchain infrastructure, applications and transactions. Amberdata is based in Palo Alto, CA. It closed a $2m round of venture capital financing from HWVP to accelerate the launch of its platform. As part of the deal, Lars Leckie, general partner of HWVP, joined Amberdata’s board of directors.

Led · Series C · Mar 2021

Clarify Health operates an enterprise analytics and value-based payments platform built on the Clarify Atlas Platform, which maps 300M+ annual patient journeys and delivers 18B+ AI-powered predictions. Its products provide patient-level, on-demand insights to help payers, providers, and life sciences firms optimize care delivery, contracts, networks, and value-based performance. The company says its platform generates insights 30x faster than traditional methods and uses patented automation, grouper technology, and case-mix adjustment that account for social determinants of health. Clarify served over 75 of healthcare’s largest organizations and reported over 100% revenue growth in 2021, with a Net Promoter Score beating industry averages by more than 40%. Recent strategic acquisitions of Apervita’s Value Optimization Business and Embedded Healthcare expand its value-based payments capabilities. Clarify has received industry recognition including Frost & Sullivan’s 2022 North America Customer Value Leadership Award, CB Insights’ 2022 Digital Health 150, and placement on Black Book’s list of top-rated emerging healthcare IT vendors. The company plans to use the new capital to accelerate expansion of its intelligence offerings and broaden adoption of its value-based payments platform. Clarify Health delivers a self-service healthcare analytics cloud and a suite of highly automated business applications for providers, health plans, and life sciences companies. Its platform links government and commercial claims, electronic health records, prescriptions, and social and behavioral data to create longitudinal patient journeys. The company reports a dataset covering over 300 million unique patient lives and uses patented methods to enrich and sequence traditionally siloed and unstructured data. Extensive machine learning is applied to these large cohorts to generate precise, actionable insights on patient journeys, clinical outcomes, and care coordination. Clarify’s applications aim to help customers drive growth, optimize networks, improve care delivery, manage population health, and maximize value-based care performance. The company announced a $115 million Series C to further scale its analytics cloud and business applications. Clarify provides hospitals, health plans, and life sciences customers a real-time care guidance platform that deploys predictive analytics and machine learning across more than 20 terabytes of clinical, claims, social determinant, laboratory, and prescription data. Its Care Journey Platform includes Clarify Care Prism, Care Pilot, and Care Connect to deliver patient-level insights, real-time navigation, and clinician workstations for monitoring and guiding patients. The company says its dataset represents one third of the U.S. population and over 20% of the nation’s health care spend, and it has become a Qualified Entity with access to full Medicare parts A, B, and D data. Clarify reports achieving over $1 billion in improvement at more than 125 health systems, payers, and pharmaceutical companies and deploying cloud-based software at over 5,000 institutions. The company plans to use new funding to expand clinical transformation, sales, engineering, and data science teams, acquire new data assets, and accelerate development of its digital care guidance platform to widen its nationwide reach. The financing is intended to further Clarify’s mission to personalize and optimize every care journey and builds on the company’s rapid customer expansion in 2018.

Participated · Series A · Sep 2020

Klue combines automated intel collection from public and private sources with integrations (Slack, Highspot, Salesforce) to surface organized, actionable competitive insights. The platform distributes content and gives sellers real-time access to insights to improve competitive deal performance. Klue describes its system as machine- and human-driven, pulling raw intel from coworkers, internal systems and the web and curating it into usable insights. The company plans to invest heavily in product development, doubling down on AI capabilities to automate insight generation and unlock new market opportunities. Future product work includes deeper integrations with enterprise tools (Slack, Salesforce, Gong, Highspot, Gainsight), multi-user collaborative and security features, and a lighter self-serve product for smaller companies and B2C users. Since launching in 2017, Klue has served nearly 400 enterprise clients, more than 110,000 users, and has seen 3x customer growth since its previous funding round. Klue is an AI-powered competitive enablement platform that helps product marketers and enablement teams curate intel from inside their company and across the web. It delivers insights in real-time to the field so salespeople get access to relevant, digestible competitive insights inside the tools they use every day. Led by CEO Jason Smith, the company serves more than a hundred customers, including Cisco, Tableau, SurveyMonkey, Red Hat and Shopify. Klue raised a $15M Series A, bringing total funding to $19M, and intends to use the funds to accelerate product and machine learning development. The round included participation from venture firms and several angel investors. The company is based in Vancouver, British Columbia, Canada. Klue operates a competitive intelligence SaaS platform that collects millions of articles, posts and website changes daily and consolidates them with internal signals into battlecards, profiles and living dashboards for sales and enablement teams. The product combines coworker-shared intel (via Chrome extension, email, Slack and Salesforce) with bot-collected web data and uses machine learning to auto-create, tag and update cards covering job postings, funding, headcount, financials, news and Salesforce content. Salespeople access digestible insight cards via Salesforce, Slack, Chrome, email, a native iOS app or Klue’s web platform, while product marketers and enablement teams use the tool to create and maintain competitive content. Klue was founded by Jason Smith and Sarathy Naicker and highlights mid-to-large B2B customers including Adaptive Insights, Dell EMC, Hootsuite, Sage and Paychex. The company positions itself between automated data providers and manual knowledge-management tools by auto-creating and updating cards and consolidating private internal intel with public signals. Klue announced $4 million in funding at launch to support its product and commercial efforts.

Led · Seed · Aug 2020

Jamm is a San Francisco-based lightweight video collaboration app that enables day-to-day interactions through video. Led by founder and CEO Badri Rajasekar, the product provides on-demand video chats to help teams brainstorm, spontaneously huddle, and provide updates across offices, cities, and time zones. It is positioned to help teams get work done faster, build culture, and enhance existing workflows. The company intends to use new funding to accelerate growth and scale its capabilities. As of the article, Jamm has over 100 active workspaces and has surpassed more than one million minutes of video.

Participated · Seed · Jul 2020

Vendia is a blockchain-based platform that enables businesses to share code and data with partners across applications, platforms and clouds, offering an immutable serverless ledger for data accuracy, provenance and traceability. Developers supply a JSON schema and receive a GraphQL API, with the blockchain layer largely abstracted from users. The company has added customers including BMW, Aerotrax and Slalom and has focused on financial services, travel and hospitality verticals to date. Vendia currently supports AWS, recently launched Azure support, and lists Google Cloud Platform on its roadmap while expanding connections to more services. The company launched a CRM data-sharing product line and is investing in its file-sharing capabilities in response to customer traction. Vendia has about 100 employees and plans to use the new funding to double headcount by the end of the year. Vendia offers a serverless, distributed platform that makes sharing real-time data and code across accounts, regions, clouds, and organizations straightforward and well-governed. The company launched Vendia Share with a free developer tier to let teams build multi-region, multi-account, multi-owner distributed applications on AWS quickly, with autogenerated GraphQL APIs, fine-grained authorization, and integrations for AWS services like Lambda, SQS, and S3. Customers named in the article include BMW, Best Friends Animal Society, United Natural Foods, Inc., and a leading travel-industry company, with use cases spanning supply chains, logistics tracking, financial settlements, and ML/Edge/IoT data sharing. Vendia emphasizes easy proof-of-value (a one-week pilot) and schema-driven development to turn custom data models into production multi-party solutions. The company was founded by Dr. Tim Wagner and Shruthi Rao and is based in San Francisco. With the Series A, Vendia is accelerating go-to-market efforts, opening new sales channels, growing engineering teams, and planning platform expansion to Microsoft Azure and Google Cloud. Vendia was founded by Tim Wagner (inventor of AWS Lambda) and Shruthi Rao (former head of blockchain at AWS) to combine serverless and distributed-ledger ideas into a multicloud serverless platform. Its first product, Vendia Share, lets businesses share data with partners and across clouds in real time while preserving control, provenance tracking, and tamper-proofing. The company positions Vendia Share as a virtual data lake for large datasets that need controlled sharing with third parties. Vendia is already working with a handful of design partners across multiple industries to test the product. The startup raised a $5.1M seed round and plans to use the funding to expand its engineering team and build out tooling. The company completed most of the round after the coronavirus pandemic took hold in the U.S.