Venrock

Exciting News: We are now a bank! We’re thrilled to share a major milestone in our journey: Regulatory approval and the successful acquisition of United Community Bancshares and Centrust Bank, N.A. With this acquisition, we’ve officially become SmartBiz Bank, N.A., operating under SmartBiz Bancshares, Inc. What does this mean? SmartBiz Bank is now equipped to step in as a true financing partner and provide a broader range of technology-enabled financial solutions to even more small businesses across the U.S. We have always believed that small businesses are the backbone of the U.S. economy, yet traditional banks have often overlooked their banking needs. So we’re thrilled to be able to continue empowering small business owners to thrive by giving them access to the financial services they need, now in an expanded capacity as SmartBiz Bank, N.A. Member FDIC Read more at https://hubs.ly/Q03c9Cv10 #SmartBizBank #smallbusinessbanking

Bloomberg cited Bob Kocher’s expertise on the battle between insurers and providers over medical billing, highlighting that the energy spent on these clashes means they are “creating no aggregate value”. Read more here: https://vnrk.co/3DucUTW

🎙Our latest episode of #RunningThroughWalls is a look behind the curtain at what makes a great healthcare team and deal. Charles Glazer, who heads up Healthcare Equity Capital Markets at Jefferies shares his thoughts with Nimish Shah on how to impress public investors and why value will always be more important than valuation. For more insights, listen here: https://vnrk.co/3DqNfvj

Partner Nick Beim recently spoke with Rosie Bradbury about the defense tech landscape for startups in an industry of legacy players. Read more in PitchBook here: https://vnrk.co/3DohnY6

🚀Auditoria Secures $38M Series B to Usher in the Agentic AI Era for Finance Teams🚀 Big news! Auditoria has raised $38M in an oversubscribed Series B led by Innovius Capital, Dell Technologies Capital, Sentinel Global, and more. This investment fuels our mission to revolutionize enterprise finance with agentic AI-powered automation, helping finance teams boost efficiency, reduce risk, and accelerate decision-making. With triple-digit growth in 2024 and a rapidly expanding global footprint, Auditoria is transforming accounts receivable and payable automation for CFOs worldwide. A huge thank you to our investors and customers—we’re just getting started! 🔗 Learn more: https://lnkd.in/eV6-XxYD #FinanceAutomation #AgenticAI #AIforFinance #SeriesBFunding #FutureOfFinance

🌟 NOMINATIONS NOW OPEN! 🌟 We’re thrilled to announce the inaugural Interos.ai Women in Supply Chain Awards—celebrating the trailblazing women transforming the supply chain risk management sector! 💜 Our Young Leader in Supply Chain Award recognizes women under 35 who are driving change through hard work, innovation and impact in supply chain management. Know someone making waves? Or are you that rising star? Submit your nominations today. Key Dates:  💫 Nominations Open: Now through February 28, 2025  💫 Shortlist Announced: International Women’s Day – March 8, 2025  💫 Winners Revealed: At a special Awards Ceremony closing out Women’s History Month in March 2025 Let’s celebrate the women shaping the future of supply chain risk management. Nominate today and help us recognize the leaders of tomorrow! Submit nominations here: https://lnkd.in/g9dRgaBi A young female leader come to mind? Tag them below 👇 #Womeninsupplychain #womenintech #supplychain

Just published my analysis of Google's Titans paper - this is their next Transformer moment. Here is my full analysis: https://lnkd.in/gkGqNyxy While everyone's obsessing over model size and open-source releases, Google Research just fundamentally changed how AI systems remember. Not RAG. Not vector DBs. Not extended context windows. This is an entirely new architecture that gives AI systems true memory capabilities: - Learns what to remember while running - Gets smarter with every interaction - Processes 2M+ tokens with linear scaling - Actually remembers what it learns The next wave of billion-dollar AI companies won't be built on bigger models - they'll be built on better memory. Let me know if you're building in this space. The future belongs to systems that truly learn from experience.

Just published my analysis of Google's Titans paper - this is their next Transformer moment. Here is my full analysis: https://lnkd.in/gkGqNyxy While everyone's obsessing over model size and open-source releases, Google Research just fundamentally changed how AI systems remember. Not RAG. Not vector DBs. Not extended context windows. This is an entirely new architecture that gives AI systems true memory capabilities: - Learns what to remember while running - Gets smarter with every interaction - Processes 2M+ tokens with linear scaling - Actually remembers what it learns The next wave of billion-dollar AI companies won't be built on bigger models - they'll be built on better memory. Let me know if you're building in this space. The future belongs to systems that truly learn from experience.

Instead of replacing people with AI, let's use it to help them reach their potential. We're excited to announce our recent $4.6M seed financing to support this journey. This round was led by Venrock, with support from SemperVirens Venture Capital , Sancus Ventures, inVest Ventures and a group of inspiring pre-seed angel investors with amazing leadership experience from LinkedIn, Coinbase, Meta, ServiceNow, Netflix and beyond. 🚀 Come join us on our mission. Senior Full Stack Engineer: https://lnkd.in/gKt2A9ZU Founding AI and Data Engineer: https://lnkd.in/g6S5FJYs

Check out the newest Venture Unlocked episode, where Brian Ascher sat down with Samir Kaji to discuss his journey from product management to Venrock, investment strategies, how Venrock maintains our competitive edge in technology and healthcare, and more. https://vnrk.co/3Q8Yds1