Uncorrelated Ventures
London, England, United Kingdom
Overview
Uncorrelated Ventures invests in early-stage infrastructure software companies. The firm was founded in 2019 by Salil Deshpande and is headquartered in San Francisco, California, United States.
- Total investments
- 114
- Lead investments
- 9
- Investments · 12mo
- 13
- Active investors
- 1
Sector focus
- Financial Services
- Infrastructure
- Software
- Venture Capital
Investment portfolio
- Freehand
Participated · Series B · Jul 2026
Freehand builds autonomous AI agents that read contracts, negotiate rates, approve invoices, process payments and reconcile records directly inside enterprise systems using a Category Context Graph to combine structured data and unstructured documents. The company was founded in San Francisco in 2024 and has achieved full production deployments at large customers including Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’ and Cardinal Health. Early customer outcomes reported include recovering 5–10% of spend, completing workflows 5–7x faster, and reducing procure-to-pay cycles by more than 70%. Freehand positions its agents as decision-making and action-taking software rather than chat-based copilots. The company plans to use the $75 million raise to expand beyond invoice processing into direct materials and maintenance, repair and operations categories and to embed its agents deeper into enterprise supply chains. Investors in the round include Battery Ventures, NewRoad Capital Partners, PSP Growth and Nexus Venture Partners.
- Reo.Dev
Participated · Series A · Jul 2026
Reo.Dev is described as an AI sales intelligence company that provides tools and insights for sales teams. The company announced a $11.3 million raise intended to fund expansion into the U.S. Beyond the fundraising and U.S. expansion plans, the article does not provide specifics on products, customers, or financial metrics. No founding year, headquarters location, or historical funding details were disclosed in the coverage. The company's immediate focus, per the announcement, is growing its operations in the U.S.
- Arpio
Participated · Series A · Jun 2026
Arpio provides cloud-native recovery automation that enables enterprises to replicate, test, and recover cloud workloads automatically, aiming to replace manual, legacy disaster recovery approaches. Its platform allows customers to test recovery capabilities in minutes and outside maintenance windows to ensure recovery environments function properly. The company is led by CEO Doug Neumann and is headquartered in Durham, NC. Arpio plans to deepen integrations with AWS and Microsoft Azure and expand support to Google Cloud and other AI-native services. Financially, Arpio has just completed a $15M Series A round to fund this product and market expansion.
- HockeyStack
Participated · Equity · Apr 2026
HockeyStack builds an enterprise revenue intelligence platform based on an event-based data architecture and has launched a Revenue Agents product for enterprise sales teams. At the core of the platform is the Blueprint, a proprietary machine learning model that extracts institutional knowledge from structured and unstructured data and continuously updates as deals and conditions change. Individual Revenue Agents are assigned to deals and accounts to make decisions, execute actions, and engage sales reps, while Manager views support coaching and pipeline forecasting. Since 2023 the company has scaled to over 300 customers and is positioned as a preferred solution for Fortune 100 revenue teams. HockeyStack reported total funding of over $50 million following the latest round and plans to expand the platform into prospecting, new business and expansion motions. The company said it will use the new capital to grow engineering, sales, customer success and marketing teams and is actively hiring.
- Assiduus
Participated · Series B · Mar 2026
Assiduus operates an AI-powered middleware platform that provides end-to-end cross-border distribution, fulfillment, compliance, and performance tracking for enterprise brands. The company combines software, data systems, and execution infrastructure in an asset-light model. It currently supports over 150 enterprise brands across 20 countries and integrates with more than 18 global marketplaces and quick commerce platforms. Assiduus reports 4X revenue growth since its last funding round and a threefold increase in valuation. The company has remained profitable at the PAT level for seven years. Headquartered in Atlanta and founded by Somdutta Singh, Assiduus plans to use the new capital to expand into the Middle East, Europe, and Asia-Pacific and to strengthen its AI and data capabilities while building partnerships with enterprises and government bodies.
Team
Salil Deshpande
General Partner&Founder
LinkedIn