Bessemer Venture Partners

Are you ready for the AI era? 🚀 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠, 𝐄𝐯𝐞𝐫𝐲𝐰𝐡𝐞𝐫𝐞, 𝐀𝐥𝐥 𝐀𝐈: 𝐁𝐞𝐬𝐬𝐞𝐦𝐞𝐫'𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐈 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 is out now! There has never been a better time for small, ambitious founding teams to positively transform every industry as we know it. In our latest Bessemer Book, you'll discover: ✅ AI roadmaps ✅ Actionable insights and case studies for AI leaders ✅ Bessemer's AI strategy Don't miss our first chapter: Jeremy Levine, Kent Bennett, and Brian Feinstein open up and share the paradox and approach behind Bessemer's unique operating model and how it's determining the founders we ultimately back. When you sign up, we send it directly to your inbox. ⤵️ Get your free copy: https://lnkd.in/g4YMQNXy H/T to our incredible investors and authors: Jeremy Levine, Brian Feinstein, Kent Bennett, Sameer Dholakia, Byron Deeter, Mary D'Onofrio, Elliott Robinson, David Cowan, Amit Karp, Michael Droesch, Talia Goldberg, Alex Ferrara, Steve Kraus, Janelle Teng, Grace Ma, Bhavik N., Lindsey Li, Yael Schiff, Aia Sarycheva, Caty Rea, Maha Malik, Aditya Nidmarti, Andrew Hedin, Morgan Cheatham.

Be among the first to read the State of Health Tech 2024 next week— 📈 Private and public market updates 📈 Series A and B trends 📈 New business models 📈 Benchmarks for healthcare AI Get Bessemer's healthcare insights delivered to your inbox: https://lnkd.in/gFg47vAj

The emergence of multimodal models has created opportunities for vertical AI to impact a much larger share of the economy than previously imagined by expanding beyond text-based tasks and workflows. In the second installment of our Vertical AI series, Aia Sarycheva and Michael Droesch cover: 👁 Vision 🎙 Voice 🎥 Video 🤖 Agents Dive in: https://lnkd.in/eVnthwBD

TL;DR - Our Healthcare AI investment strategy in three parts ⤵️ 1️⃣ Modality-business model-market fit is everything: The way an AI solution is delivered (e.g., software, copilots, diagnostics) and the business model (SaaS, usage-based, performance-based) can impact TAM by up to 25x. A company’s value creation hinges on aligning the right modality with the right market and business model. 2️⃣ Multimodal AI is the holy grail: Healthcare data is multi-dimensional, combining clinical records, imaging, and more. The ability to integrate these data types unlocks vast possibilities in diagnostics, personalized care, and system-wide improvements. We’re only scratching the surface of what’s possible with multimodal AI. 3️⃣ Infrastructure is the next frontier: As Healthcare AI scales, cybersecurity, data management, and model monitoring will become essential. Startups that address these needs will play a crucial role in supporting the safe and effective adoption of AI in healthcare. If you’re building in Healthcare AI, we want to hear from you. Dive into our full roadmap - link in comments!

Insights from Saastock: Scaling in 35 Countries and 6,000 Cities! Yesterday, I had the pleasure of sharing insights on "Building a Global GTM Unicorn" on the Centre Stage at the SaaStock event in Dublin. Alongside Alex Ferrara from Bessemer Venture Partners, we explored the complexities of scaling a vertical SaaS company like Optibus in the dynamic field of public transportation. As we expand globally, our mission remains clear: to make public transportation better. Together. Around the globe. We discussed when to pursue growth across multiple countries and how to effectively manage a diverse product that meets the specific needs of each market - be it through centralized strategies or localized adaptations in functions like marketing, sales, and customer success. A significant focus was on how our technology adapts to different urban landscapes, crucial for our clients in public transportation. Concluding on our values, our global expansion is driven by our commitment to empowering public transportation systems and ensuring every client and team member feels valued and understood. This dedication is central to our mission as we continue to grow. Thank you to Alex for the insightful discussion and to all who attended for your engaging questions and enthusiasm. Your participation inspires our continuous innovation and commitment to improving public transportation systems around the world. #SaaStock2024 #PublicTransportation #SaaS

Had a fantastic time at The Wall Street Journal's CIO Network Summit in NYC last week, joining Shardul Shah of Index Ventures and Isabelle Bousquette of The WSJ to discuss "What's Next in Enterprise Tech Investing?". CIOs play a crucial procurement role for their organizations, with a unique dual mandate to execute core initiatives that are essential for day-to-day operations while also investing in strategic technologies that can drive future competitive advantage. Naturally, the impact of AI on organizations was a recurring theme throughout the Summit as CIOs are currently at the frontline evaluating AI solutions for their companies. Many CIOs highlighted how the increasing proliferation of AI vendor options has led to choice fatigue. Considering the crowded landscape, a few CIOs mentioned how their organizations may be better off waiting for stronger reliability signals — be it more consolidation, the emergence of clear winners on the startup side, or incumbents incorporating AI functionality — before making major AI investments. How should we think about fragmentation vs consolidation in the landscape as AI markets mature? Watch the full discussion: https://lnkd.in/eebFJ2mu Read my Substack summary: https://lnkd.in/ee4q-9nu

New The Heart of Healthcare Podcast! Steve Kraus talks healthcare investing with Venrock Partner Bryan Roberts They discuss:   ––Bryan's early investments in Illumina and Athena Health ––How to navigate investment cycles ––AI's impact on healthcare efficiency ––The digital health and value-based care market today   Listen: https://lnkd.in/g7xKdqB8

As part of our Operating Advisor Spotlight series, we’re excited to highlight some of the incredible advisors in our network who dedicate time to advising and supporting business leaders across the Bessemer portfolio. With that in mind, please meet— Payal Sobti.✨ Payal is a product strategy expert with extensive experience in high-growth startups, specializing in marketplaces, fintech, consumer, and B2B SaaS. Currently, as Head of Product Development at ResQ, a Series A company offering restaurant back-of-house SaaS and a marketplace for trades services, Payal leads the development of a growth-focused product roadmap. Previously, Payal was a founding team member of Uber Eats, where she helped launch Uber’s first merchant-facing products. She also played a key role in launching Uber One globally, scaling the subscription service to 10 markets and three million subscribers in its first year. After Uber, she served as Director of Product at Cash App, overseeing its international expansion into the UK and Canada, while leading key product roadmap decisions and driving pricing and adjacency strategies. As an Operating Advisor, Payal collaborates with portfolio leaders across several key areas, including organizational development, crafting product roadmaps aligned with long-term goals, refining pricing strategies, and exploring opportunities for adjacent market expansion. We’re thrilled to partner with Payal and to have her as part of the Bessemer team.

What a week for Alexa Grabelle, Andrew Hedin, John D., and Charles Birnbaum who spoke at University of Pennsylvania, University of Chicago, and Northwestern University about our analyst program. We’re hitting the road to visit a university near you. Come say hi! 👋 - Stanford - MIT - UC Berkeley - Harvard - University of Michigan - University of Virginia Sign up here: https://lnkd.in/gAU6gJNj #analyst #investor #collegeinternship #venturecapital #venturecapitalist

Our thesis for the series A of Rupa Health was simple: 1. Tara Viswanathan runs through walls 2. Personalized and root cause care is going mainstream Both proved more true than we could have imagined. Rupa's growth and impact has been amazing. But it is still early days. Congrats on teaming up with Fullscript to bring personalized and holistic care to every human on the planet. Working with Tara is one of the highlights of my career. I've known her since college. She was born to be an entrepreneur. One of her superpowers is being a "realistic optimistic" (I wrote about it here: https://lnkd.in/g4GifBSe). I've learned a lot from her and her team. Thank you, Tara, Rosa Hamalainen and team Rupa! Congrats on the acquisition!!