Fusion Fund

Our portfolio company, GrubMarket Inc. has acquired FreshGoGo, a New York-based B2C platform specializing in Asian groceries and ready-made dishes. Founded in 2017, FreshGoGo, serves over 210,000 customers across 27 states and generates $30 million in annual revenue. This acquisition aligns with GrubMarket's strategy of enhancing the food supply chain and follows its acquisition of Good Eggs. Grow GrubMarket Inc. Grow! Congratulations to CEO Mike Xu and the rest of the team!

Otter.ai new feature: My Action Items ✅ Otter is the first AI meeting assistant to keep track of ALL your action items across ALL your meetings in-person and ALL platforms from Zoom to Microsoft Teams to Google Meet and centralize them ALL in one place - so you can streamline your workflow and be ALL-ot more productive! Learn more: https://lnkd.in/gkyk-Mj9 ⚡

Thanks to Dennis Strenk for featuring Nathan Buchbinder in another great episode. More than a collection of AI applications, our precision medicine AI portfolio makes it easy for our customers to select, deploy, and get support for the solutions they need - today and tomorrow. Tune in to hear from our Chief Strategy Officer.

How do you generate TRUST in Generative AI? I had the pleasure of interviewing Amr Awadallah, and Amin Ahmad, Co-Founders of Vectara on The Ravit Show at Incorta's NoLimit Conference yesterday. Complete the episode link in the comments!!!! Here are some key insights from our conversation: - We discussed how Vectara defines trust in generative AI systems. They emphasized the importance of reliability, transparency, and accountability in building trustworthy AI solutions. - Amr and Amin highlighted the challenges that bias, copyright issues, and hallucinations pose for generative AI. They provided insights into how these challenges can impact the effectiveness and ethical considerations of AI applications. - We explored how control enhances the utility and adaptability of generative AI. They explained the mechanisms Vectara employs to ensure AI systems remain flexible and responsive to user needs. - Automating hallucination detection is crucial for improving real-world applications of generative AI. Amr and Amin shared how Vectara’s technologies help identify and mitigate hallucinations in AI outputs. - The focus on trust and control at Vectara complements Incorta’s solutions perfectly. They discussed how their partnership leverages these strengths to deliver robust and trustworthy AI-driven insights. A big thank you to Amr and Amin for sharing these valuable insights and to the Incorta team for hosting such an engaging event! Stay tuned for more updates from the NoLimits event! #data #ai #nolimits #incorta #theravitshow

Shane Wall, our partner and President of the CXO Network at Fusion Fund, has been awarded Lambda Chi Alpha Fraternity, Inc.’s prestigious Order of Achievement, joining the ranks of notable recipients like President Harry S. Truman, General James Doolittle, and Supreme Court Justice Harry Blackmun. Shane’s distinguished career before joining Fusion Fund includes serving as Chief Technology Officer at HP and Science Advisor to two Presidents of the United States. At HP Labs, he spearheaded cutting-edge technological advancements. Beyond his professional success, Shane is deeply committed to philanthropy, supporting at-risk youth through his involvement with Friends of the Children. At Fusion Fund, Shane’s leadership and vast network play a crucial role in our mission to empower founders and drive technological innovation. Congratulations Shane Wall! Read more about the award here. https://lnkd.in/gw5Q4K2B

Our Founder and Managing Partner, Lu Zhang, will speak at #VMwareExplore 2024 next week on a panel with Sanjay Uppal, SVP and GM of Broadcom. Looking forward to an insightful discussion.

We are thrilled to announce that Fusion Fund has co-led Starpath’s Seed round alongside 8VC. This brings us closer to developing commercial-scale propellant production facilities on the Moon and Mars. Congratulations to Cofounder and CEO Saurav Shroff and the Starpath team!

🔥 Nexa AI is on fire! Thrilled to see our portfolio company on the AI Hot 100 List and heading to the AI Hot 100 Conference, hosted by The AI Furnace 🧨🔥, in NYC. It's great to see their hard work recognized alongside other luminary startups and venture firms!

Our portfolio company Scout Space has joined NATO's SPACENET program, a new initiative focused on enhancing global space security through collaboration between NATO member states and the commercial space sector.

Inference.ai's CEO, John Yue, recently sat down with Evan M., host of The Hard Part with Evan McCann podcast to discuss: -Competing with the big three (AWS, Azure and Google) and why there is need for new players. -What it takes to build an infrastructure company and what infrastructure as a service (IaaS) means. -A deep chat around GPUs, the space, the industry dynamics and challenges with shortages. -Discuss why a16z is stockpiling GPUs and giving access to their portcos. -The shortage of GPUs is expected to last for 7 to 10 years. -We discuss the dynamics of LLMs and inferencing. -Advantages of being in the Bay Area with an AI startup. Take a listen here: https://lnkd.in/grCyXpSZ