Full Steam Ahead: The 2024 MAD (Machine Learning, AI & Data) Landscape
Matt Turck
by mattturck
1w ago
This is our tenth annual landscape and “state of the union” of the data, analytics, machine learning and AI ecosystem. In 10+ years covering the space, things have never been as exciting and promising as they are today.  All trends and subtrends we described over the years are coalescing: data has been digitized, in massive ..read more
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New Investment: Lago
Matt Turck
by mattturck
1M ago
Billing infrastructure has been a vexing issue for generations of software and Internet companies.  It is mission critical infrastructure and as such, feels like a problem that should have been sold a long time ago. Yet ask any company and you’ll generally get the same reply: they’re dissatisfied with their billing system, which doesn’t offer the ..read more
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My VC resolutions for 2024
Matt Turck
by mattturck
3M ago
1) Be an AI leader: Buy at least one share of Open AI in that employee secondary at an $86B valuation – then change website and all social profiles to “early believer and investor in Open AI” 2) Leverage the network: In conversation, drop frequent references to “Sam”, “Satya” and “the Besties” – I put ..read more
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Quick S-1 Teardown: Klaviyo
Matt Turck
by mattturck
8M ago
Is this it? Are we back? Everyone in the startup and venture world has been waiting for months for the re-opening of the IPO window. After a record breaking 2021 (1035 IPOs, beating the previous record of 480 in the year 2020), 2022 saw a dramatic decline (181 IPOs) and 2023 so far has not ..read more
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This Week in AI: Databricks’ Acquisition of MosaicML
Matt Turck
by mattturck
10M ago
(This post is part of my “This Week in AI” series, which is general off-the-cuff market commentary. I’m not an investor in either MosaicML or Databricks) $21M per employee. That’s the price Databricks is paying for MosaicML — a total of $1.3B for 62 employees (in Databricks stock, and also includes employee retention packages). One ..read more
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Synthesia’s Series C – And a Few Lessons Learned Building a Generative AI Startup
Matt Turck
by mattturck
10M ago
Synthesia, the market leader in AI video generation, is announcing this morning an exciting $90M Series C financing. This is a great milestone for the company, making it a newly-minted unicorn and adding strong new partners (Accel, Nvidia, and some great individuals) to the team. Beyond the fundraising momentum and accolades, however, Synthesia has first ..read more
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Pigment’s Series C – And a Few Thoughts on the Growth Market
Matt Turck
by mattturck
11M ago
Pigment just closed an exciting $88M Series C (TechCrunch coverage here). The company is rapidly emerging as the global leader in the next generation of business planning platforms (aka Anaplan replacement), a testament to the power of a world-class team delivering great execution consistently over years. While we at FirstMark are certainly excited to have ..read more
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Last week in AI: Incumbents vs Startups (Microsoft Build & Adobe Firefly)
Matt Turck
by mattturck
11M ago
Note: those are quick thoughts on some of last week’s most interesting news in AI. I may, or may not (!) do this on a regular basis. This last week in AI: Adobe killed all the Generative AI design startups with Firefly, and then Microsoft killed all the other Generative AI startups with its plugins ..read more
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Generative AI interview on the Infinite Machine Learning Podcast
Matt Turck
by mattturck
1y ago
I recently got an opportunity to chat with Prateek Joshi on Infinite Machine Learning, his excellent podcast. It was a wide-ranging conversation about Generative AI (which I would recommend listening at 1.25x speed or more, makes me a lot more articulate). We covered a range of topics including:  Links to the episode: ? Apple Podcasts: https://podcasts.apple.com/us/podcast/chatgpt-plugins-generative-ai-in-the-enterprise-matt/id1615142314?i=1000611323550 ..read more
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MAD 2023: Top 10 Trends
Matt Turck
by mattturck
1y ago
Every year, as part of our MAD project, we do a presentation at Data Driven NYC about the top trends we see across data and ML/AI. (here’s the 2022 version for reference). The presentation, done this year with my FirstMark colleague Kevin Zhang, is a whirlwind tour of top trends, as opposed to anything particularly ..read more
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