Blog

We’re pleased to share the news that our portfolio company Model-Prime has emerged from stealth and raised $3.3 million in funding from Eniac Ventures, Innovation Endeavors, and Quiet Capital.

Founders Arun Venkatadri and Jeanine Gritzer were both veterans of the self-driving industry at companies like Uber, Aurora, and Motional. While there, they saw the challenge facing new companies that would have to build these robotics and autonomy data platforms and tooling from scratch.

More

Our portfolio company Sutro officially launched to the public today — and it also announced that it’s raised $2.2 million in funding led by Eniac Ventures. (Check out the fundraising deck on Business Insider.)

Sutro is led by an impressive pair of founders: CEO Owen Campbell-Moore, who was previously a Product Manager at both Facebook and Google (where he co-founded and led the Progressive Web Apps team), and Tomas Halgas, who worked on machine learning at Facebook and co-founded Sphere (acquired by Twitter).

More

I’m excited to share the news that Eniac led a $3.1 million seed funding round in Attention last year, which was announced today in TechCrunch.

We love working with repeat founders — and in this case, Attention’s Anis Bennaceur (CEO) and Matthias Wickenburg (CTO) actually used to compete against each other at their respective startups Mixer and Swipecast.

More

We’re excited to share that TrueFoundry has announced its $2.3 million seed round, which we co-led with Sequoia India.

As always with Eniac investments, a big part of our conviction comes from the impressive founding team. We were introduced to Nikunj Bajaj, Anuraag Gutgutia, and Abhishek Choudhary by Ashish Nagar (founder of another Eniac portfolio company, LevelAI). The three of them attended the India Institute of Technology Kharagpour together, and they founded a previous startup, EntHire, which was acquired by InfoEdge last year.

More

We’re excited to share that our portfolio company Ghost is coming out of stealth and announcing a Series A ($13 million in equity, plus $7 million in debt) led by Union Square Ventures.

The startup, founded by Dee Murthy and Josh Kaplan, helps fashion brands and retailers monetize their excess inventory, with a private marketplace where they can buy, sell, and dynamically price products.

More

We’re excited to share that Drip has raised $28.5 million in combined seed and Series A funding from Base10 Ventures, Kindred, Harlem Capital, as well as various angels — plus, of course, Eniac Ventures. The Series A values the company at more than $100 million.

You can read more about the funding in TechCrunch, where CEO Javaughn Lawrence describes his startup as building “the Shopify for livestream commerce.” In other words, it’s creating tools that anyone can use to offer live shopping experiences such as livestream auctions and drops.

More

We’re thrilled to share that our portfolio company Rarify just raised a $10 million Series A, at a $100 million valuation, led by Pantera Capital. It’s only been a few months since we invested in the startup’s $2 million seed round, but we already feels like we made a smart bet.

With its Commerce API, Rarify makes it easy for any company to introduce NFTs to their platforms. It also offers API access to historical data on NFT assets across multiple blockchains, as well an NFT Embeds product to simplify NFT discovery and check-out.

More

Our portfolio company Wallaroo just announced that it has raised $25 million in Series A funding. The round was led by Microsoft’s venture fund M12, and Eniac was thrilled to participate.

CEO Vid Jain founded Wallaroo in 2017, after nine years at Merrill Lynch, followed by a startup where he tried to build analytics applications for large banks — in both roles, he saw many of the challenges faced by teams deploying machine learning models to improve business outcomes.

More

We’re excited to announce that Eniac Ventures has backed Wrangle. We led the startup’s recent $2 million pre-seed round alongside our friends at Bloomberg Beta, with funding also coming from Liquid 2 Ventures, Hustle Fund, and more than 20 angels.

This isn’t our first investment in “the future of work” — we’ve backed startups like FortressIQ (a company focused on robotic process automation, or RPA) and Eden Workplace (a marketplace for SaaS products helping to smooth the transition to hybrid labor).

More

Today, we are excited to announce our investment in Phytoform, with participation from our friends at Pale Blue Dot and Wireframe Ventures.

At Eniac, we are big believers in the future of sustainable agriculture withexisting bets that include Vence (regenerative agriculture for cattle) and Iron Ox (AI autonomous farming). As the climate crisis looms, we’ve looked closely at how computational genomics can be leveraged to reduce food waste and bring higher quality diverse produce to market. Our investment in Phytoform sits at the intersection of our work in sustainability and agriculture, along with our long-time interest in genomics. Phytoform is Eniac’s first bet in computational biology, and we look forward to more investments in the category.

More