Blue Ivy Portfolio Updates and News

In 2022, 79% of companies experienced a cloud data breach, with more than 40% of these companies reporting 10 or more. The impact of a data breach can be catastrophic — with an average cost of almost $10 million per event, plus a hit to productivity, brand image, data integrity, and potential litigation.

While the cloud data recovery space has been relatively underdeveloped, Blue Ivy portfolio company Elastio is stepping into this gap with a cloud-native data recovery platform that ensures clean and cost-effective data recovery.

The company recently announced an oversubscribed $18 million Series A led by Ben Nye, 6x Forbes’ Midas lister. Nye has backed Elastio's founder in three previous ventures, all with successful outcomes. Read More »

MORE PORTFOLIO COMPANY NEWS

Ursa Major Expands 3D Printing Partnership (Manufactur3d)
BusRight Raises $7M to Transform School Bus System (Business Wire)
Verishop Teams With Citi to Offer Loan Program to Its Merchants (Axios Pro)
Tamr Announces Investment by Alteryx Ventures (datanami)

AI Monthly - Chipping In: Semiconductors Are Up Next

Yevgeny Gelfand, Senior Principal of Blue Ivy Ventures, dives into the opportunities provided by the requirements for Large Language Models (LLMs) like ChatGPT. As the Generative AI sector flourishes, investing in emerging AI chip semiconductor technologies presents substantial potential. Read More »

Blue Ivy Recommended Listening

Marc Andreessen was recently featured on the podcast Bio Eats World to discuss AI and its potential to save the world. Recorded live from the first a16z Bio + Health summit, find out what Marc thinks, Will AI Kill Us All? Listen Now »

IMPORTANT DISCLOSURE: Alumni Ventures (AV) is a venture capital firm. AV and the funds are not sponsored by, affiliated with, or otherwise endorsed by any school. Past performance is not indicative of future results. AV’s funds are very long-term investments that involve substantial risk of loss, including loss of all capital invested. For informational purposes only; not an offer to sell or a solicitation of an offer to purchase, any security. Offers of securities are made only to accredited investors pursuant to a fund’s offering documents, which describe the risks, fees and other information that should be considered before investing. Examples of portfolio company investments are provided for illustrative purposes only; there is no guarantee that any fund will invest in or achieve the same exposure to, or quality of, companies held by any existing fund. Contact info@av.vc for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

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