Alumni Ventures Invests in Graft
AV’s CEO Mike Collins and Graft CEO Adam Oliner Discuss Practical Solutions being solved with AI
MANCHESTER, NH, MAY 16, 2024 — Alumni Ventures (AV), one of the world’s most active venture capital firms, is a recent investor in Graft. The company built an Intelligence Layer that helps clients enhance business operations and build better products. Graft has raised just over $15 million in funding from established VCs like Alumni Ventures and GV.
Graft’s platform offers “AI infrastructure as a service,” making it much easier for companies without highly skilled machine learning teams to leverage the transformational power of AI. Within minutes, teams can implement Graft’s end-to-end solutions for knowledge management, search and recommendations, customer analytics, content moderation, and more.
Adam Oliner conceived the idea behind Graft during his tenure as Head of Machine Learning at Slack. He appeared on AV’s Tech Optimist podcast to explain how Graft has democratized access to AI that was once only available to tech giants.
See video policy below.
“We’re transforming the landscape of business operations by making powerful AI tools accessible to companies of all sizes,” said Adam Oliner, who serves as Graft’s CEO. “Our platform removes the barriers of infrastructure and expertise, allowing businesses to harness the full potential of AI.”
“We’re transforming the landscape of business operations by making powerful AI tools accessible to companies of all sizes.”
Graft is using its funding to enhance the capabilities of its platform and expand its market presence, ensuring that businesses worldwide can benefit from efficient, AI-driven solutions. AV’s investment in the company was sponsored by the firm’s AI Fund team, who view Graft as a burgeoning leader in the enterprise AI space.
”At Alumni Ventures, we believe AI is potentially the most disruptive tech advancement of our generation,” said AV Founder and CEO Mike Collins, who hosted the conversation with Oliner on AV’s Tech Optimist podcast. “We’re excited to support Graft’s efforts to make this transformative technology accessible to the types of young, innovative startups we invest in every day.”
About Graft
Graft‘s Intelligence Layer sits above your company’s information layer to help you build better products, run a more efficient business, and innovate faster. Every team member can engage with the collective intelligence of the organization, custom-tailored to your enterprise’s specific needs, ultimately accelerating your organization’s growth and competitive advantage. Under the covers, the intelligence layer is a comprehensive modern AI platform, where search, predictive, and generative AI converge to drive real business outcomes.
About Alumni Ventures
Alumni Ventures offers accredited individuals access to professional-grade venture capital, a key asset class missing from the portfolios of many sophisticated investors. Since 2014, AV has raised $1.3+ billion from 10,000+ investors and backed 1,400+ unique portfolio companies. AV is a top 20 VC firm in North America according to CB Insights and the #1 most active VC firm in the U.S., and #3 most active in the world, according to PitchBook’s 2022 and 2023 rankings. AV has won awards from Inc. Magazine, Fast Company, Benzinga, and the US FinTech Awards. AV funds are private, for-profit, and not affiliated with or sanctioned by any school.
About Tech Optimist
The Tech Optimist Podcast, presented by Alumni Ventures (AV), focuses on the intersection of technology, entrepreneurship, and innovation. True to our name, we are passionate about technology and its potential to drive positive change. We explore our lane through interviews with founders, investors, and futurists; discussions of new innovations; and reviews of trends in tech and venture capital. Subscribe Here »
Media Contact Info
Scott Murphy
Alumni Ventures
670 N. Commercial Street, Suite 403
Manchester, NH 03101
Email: [email protected]
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Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.