Participated · Series A · Jun 2018

Cerebri AI offers an AI-driven customer experience (CX) platform that leverages AI and reinforcement learning to drive customer engagement and financial outcomes. The company formally launched its CVX v2 software platform in September 2019 and has run pilots since July 2019 with companies selling to over 200 million consumers. Cerebri AI raised $7M in funding to support continued expansion of its operations. Backers included new investor Arcis Capital Partners alongside existing investors. Leadership includes co-founder and CEO Jean Belanger and CFO Arun Prakash. The company is based in Austin, Texas. Cerebri AI offers a SaaS platform that combines data from multiple sources and uses machine learning to track, analyze and predict individual customer behavior and the next best action. The company recently launched Cerebri Values, described as an industry-first universal measure of customer success that quantifies commitment and enables behavior-based cohorting for marketing. Cerebri’s product emphasizes behavioral grouping rather than demographics and sits on top of Microsoft Azure. The platform has ingested more than two billion customer touchpoints and events across 12 million consumers, with data kept behind customers’ corporate firewalls. Cerebri says it can comply with opt-out and data access requests via its business customers and that it does not directly hold customer data. The company plans to use the new funding to expand operations.

Participated · Equity · Feb 2013

FibeRio is a McAllen, Texas–based developer and manufacturer of nanofiber production systems founded in 2009. Its core product is the Forcespinning platform, which enables manufacturers to produce nanofibers at commercial scale using a wide range of polymers and an environmentally sensitive process. The company supplies nanofibers for markets including filtration, nonwovens, battery separators, textiles, biomedical and conductive applications. FibeRio intends to use the recent funding to accelerate commercial growth and introduce larger-scale production systems to the market. The company is led by CEO Ellery Buchanan.

Led · Equity · Oct 2011

MyEdu is an Austin, TX-based student academic platform that offers degree planning, credit management, workload tracking and social applications. Founded in 2008 by CEO and Chairman Michael Crosno, the company focuses on increasing graduation rates, decreasing time to graduation and supporting career readiness. MyEdu will receive a $10m investment from the University of Texas System. It intends to use the proceeds to extend its platform with enhanced functionality. As part of the partnership, MyEdu will provide its platform to students across UT System institutions. The company's investors also include Bain Capital Ventures. MyEdu offers a suite of online products that streamline the student lifecycle from selecting a college through earning a degree. Its tools include detailed course descriptions, grade distributions, official course evaluations, student reviews, a schedule planner, a graduation/degree roadmap, and an academic progress dashboard. The service aims to replace traditional college advisors by helping students build and follow personalized roadmaps tied to career goals. More than 2 million students at 750 universities have used MyEdu to earn their degree. The company charges a $20 annual subscription for access to the full academic suite. Colleges' rapid adoption of web technologies is cited as a tailwind for broader university adoption of MyEdu's tools.