Today, we celebrate ServiceTitan on their IPO! 🚀 Congratulations to co-founders Ara Mahdessian (CEO), Vahe Kuzoyan (President), and the entire team on this incredible milestone. A decade in the making, ServiceTitan’s journey was inspired by Ara and Vahe’s fathers, who owned trades businesses. Ara and Vahe went on to build ServiceTitan to empower home service companies with the power of software. On behalf of Byron Deeter, Talia Goldberg, and Sameer Dholakia, we at Bessemer celebrate everyone who is part of the ServiceTitan journey. Get the backstory on our 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 and the unforgettable moments that led to today. https://lnkd.in/gqVAeWFY #ServiceTitanIPO #Entrepreneurship #VerticalSaaS
Bessemer Venture Partners
Venture Capital and Private Equity Principals
San Francisco, California 185,319 followers
For the entrepreneurs who want to build revolutions of their own.
About us
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
- Website
-
http://www.bvp.com
External link for Bessemer Venture Partners
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- San Francisco, California
- Type
- Partnership
- Founded
- 1911
- Specialties
- Seed Stage, Early Stage, Growth Stage, Venture Capital, Consumer, Enterprise, Healthcare, and SaaS
Locations
Employees at Bessemer Venture Partners
-
Sameer Dholakia
Partner at Bessemer Venture Partners. Investor, Board Member, Former CEO. Passionate about building great companies with great people.
-
Jeremy Levine
Partner at Bessemer Venture Partners
-
Jeff Epstein
Bessemer Venture Partners
-
Robin Joy
Advisor | Board Director | Stanford DCI Fellow | former DocuSign SVP
Updates
-
✨ 𝟐𝟎𝟐𝟒 𝐢𝐧 𝐫𝐞𝐯𝐢𝐞𝐰 ✨ The world is starting to feel different. With AI, entrepreneurs are innovating across industries, solving intractable problems, and building more possibilities for the future. The startups of today will look different tomorrow. But our mission remains timeless — we back ambitious founders, from seed to IPO, building revolutions of their own. 𝐅𝐨𝐫𝐠𝐞 𝐚𝐡𝐞𝐚𝐝. ✨ https://lnkd.in/g5wyS3XA
-
Last week, ServiceTitan celebrated its IPO milestone. ($TTAN) 📈 Today, we look back on the 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐦𝐞𝐦𝐨 𝐟𝐫𝐨𝐦 𝟐𝟎𝟏𝟓 that inspired our investment. Link in the comments ⤵️ cc: Byron Deeter, Talia Goldberg, Sameer Dholakia #memo #startup #seriesa
-
Congrats to Abridge, Moonvalley, and Sila Nanotechnologies, Inc. for making it on the TechCrunch list of the 51 Most Disruptive Startups of 2024. 💥 https://lnkd.in/gC_VxBFm
-
𝐈𝐧 𝐭𝐡𝐞 𝐀𝐈 𝐞𝐫𝐚, 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐦𝐨𝐝𝐞𝐥 𝐢𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐥𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞: ✅ Copilots ✅ Agents ✅ AI-enabled services 𝐒𝐨, 𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐞𝐚𝐫𝐥𝐲 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐰𝐞'𝐫𝐞 𝐬𝐞𝐞𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭? AI founders fully embrace usage and output-based pricing to align value capture with value creation. Tying pricing to specific outcomes delivered means an easily quantifiable ROI for customers that can be benchmarked to their existing spending. In addition to this output-based pricing, vertical AI companies often put this output into tiers or add a base subscription fee to ensure a predictable baseline spend from each customer. 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: We're beginning to see that vertical AI companies can benefit from the predictability of subscription fees or tiered pricing while also capturing the upside of expanded use. Hybrid pricing represents an attractive model of value capture for vertical AI. Dive into Part III of our Vertical AI series ⤵️ link in the comments h/t to Caty Rea, Kent Bennett, Brian Feinstein, and the whole Vertical AI team including, Byron Deeter, Sameer Dholakia, Michael Droesch, Aia Sarycheva, Maha Malik, Sam Bondy, and Alex Yuditski.
-
Bessemer Venture Partners reposted this
This week we announced AIMon HDM-1, which is our flagship hallucination detection model that outshines much larger LLMs and other competitors in terms of accuracy and latency. How can it help you? 👉 LLM Judges, the most popular evaluation approach, suffer from variance or inconsistency of scores. On the other hand, HDM-1 is a specialized model calibrated to provide consistent scores. 👉 HDM-1 helps you overcome the latency limitations of deploying LLM Judges in production. Now you can continuously evaluate your app with our state-of-the-art model. 👉 Think about what you could do with hallucination scores for each LLM output. Continuous and consistent scores allow you to adopt mitigation strategies to serve more accurate outputs. 👉 You can use HDM-1 for automatic labeling of your data for inaccuracies 👉 We also offer a smaller variant HDM-1 Small that can be deployed on CPUs (think end-user devices) Links: 👇 Read more about the benchmarks in our blog article linked below. https://lnkd.in/gmbHMZTS 👇 To check out how HDM-1 works for your use cases, please try our sandbox. https://aimon.ai/sandbox 👇 You can also directly sign up on our website. https://lnkd.in/gN2ww6B3 ✉️ Feel free to reach out to me for any questions or a general LLM chat! #hallucination #evaluation #accuracy
-
Bessemer Venture Partners reposted this
💥 Rami Karabibar, Co-Founder and CEO of EvenUp, sits down with Nasdaq's Kristina Ayanian to celebrate their recent $135M series D funding and launch of four new groundbreaking products. ➡️ Watch more: https://lnkd.in/eKH5u_49
-
𝐀𝐈 𝐢𝐬 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐟𝐚𝐬𝐭𝐞𝐫 𝐭𝐡𝐚𝐧 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐜𝐚𝐧 𝐚𝐛𝐬𝐨𝐫𝐛 𝐢𝐭 — that's what Daniela Amodei, co-founder and president of Anthropic, said about the adoption of artificial intelligence. 📈 There is actually a top speed at which companies can absorb money- and time-saving AI technologies, says Daniela, and we are nearing it. “We’ll come up with new research areas and interests and features, but then you have to turn them into something that is quickly usable by businesses,” she says. She likens it to working with both your hands, and one of them moving considerably slower than the other. Alexandr Wang of Scale AI feels that society hasn’t even discovered the best use for AI yet, and to him, that’s an exciting premise: ✨ “We don’t yet know the giant, killer applications, and I think that means the infrastructure layer is going to see many more years of growth.” ✨ Read on — 𝐀𝐈’𝐬 𝐫𝐚𝐜𝐞 𝐭𝐨 𝐯𝐚𝐥𝐮𝐞: 𝐀 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐀𝐛𝐫𝐢𝐝𝐠𝐞, 𝐀𝐧𝐭𝐡𝐫𝐨𝐩𝐢𝐜, 𝐏𝐞𝐫𝐩𝐥𝐞𝐱𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐒𝐜𝐚𝐥𝐞 𝐀𝐈 — link in comments ⤵️ #AI #startups
-
Bessemer Venture Partners reposted this
$20M Series A ✨ a milestone that feels surreal to share. Back in July 2023, I was walking around San Francisco, talking to an AI therapist I'd cobbled together. It was clunky and barely worked, but it kind of worked. Why was building voice AI so hard? Funny enough, this frustration became Vapi. We went all in. October 2023: 6 brave startups took a chance on us March 2024: Product Hunt launch that started everything Today: Millions of calls processed daily, 100,000+ developers building with us The numbers are wild, but they don't tell the full story. What gets me excited? Seeing developers build things we never imagined. Like a health assistant that that can help patients in their native language all while sounding genuinely... human. To our team: You're the real MVPs. From Blue Bottle Coffee runs to late night dark mode sessions- every step with you has been worth it. Massive thanks to Bessemer Venture Partners for leading this round, and to Abstract Ventures Inc., AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz for joining our mission. Voice is the most natural form of human expression, yet we've been stuck behind screens and keyboards. At Vapi, we're changing that, one API call at a time. Excited to have Michael Droesch and Byron Deeter join the board! And a special shoutout to our advisors, Mitch Morando, Richard Ni, and Justin Bauer, to name just a few!
-
We're excited to partner with Vapi, the team that provides a 10x improvement on the development experience for voice agents! Vapi's elegant platform solves the hard engineering problems required to manage real-time voice infrastructure and build enterprise-grade voice agents, including the orchestration of third-party speech-to-text (STT) models, LLMs, and text-to-speech (TTS) models. Congratulations to the team on their Series A fundraise! 🎙🌟 Read more in our announcement: https://lnkd.in/eQXx6z6R Byron Deeter Michael Droesch Aia Sarycheva Sam Bondy Darsh Patel Libbie Frost