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Has been updated: March 16, 2024 13:03 IST
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Bangalore (Karnataka) [India], March 16: Entrepreneur First (EF), the world's first “talent investor,” opens new office in San Francisco's South Park to connect the world's best founder talent with the world's best funding ecosystem. was established. Five Indian companies founded from scratch under EF's Bangalore program will be invited to relocate to San Francisco following EF's pre-seed investment committee.
These Indian startups will have the opportunity to continue their journey in San Francisco and grow what they have built as early stage companies while gaining access to US investors, customers and markets. This immersive program further strengthens EF's commitment to strengthening the India-US corridor and empowers great Indian founders to build world-first companies from day one.
The first San Francisco batch will consist of 33 global teams working on everything from non-invasive brain-computer interfaces to decipher language-related thoughts in the brain to Figma for spatial computing. EF has also increased investment requirements for founders participating in its programs around the world. Teams that pass the pre-seed investment committee will be offered an investment of $125,000 for an 8% conversion product. In addition to the $125,000 investment per company, all founders will receive a pre-seed advance of up to $5,000 in investment when participating in any of the programs in India.
This immersive program is offered as a follow-up to the graduate program launched in India in March 2023. Successful teams in the graduate program were given the tools, advice, and necessary funding to launch startups focused on growing their ideas early. stage company. The EF India team has mentored his 30 top talent as part of this cohort, preparing the India team to create value with a global customer base since its inception. The team selected from India consists of:
* CodeAnt AI | Amartya Jha, Chinmay Bharti | CodeAnt AI is a DevTool that helps businesses find and automatically fix code issues and security vulnerabilities.
* Hanomi | Marco Mascolo, Drishti Bhasin | Engineering co-pilot that reduces design cycles by 50x for hardware companies.
* Insights XR | Sudhanshu Kheda, Akshat Khare | Build an analytics and insights platform for XR experiences to help teams build data-driven experiences.
* AI Iteration | Saksham Agarwal, Shubhram Bhattacharya | Create unlimited engineering bandwidth for your product teams.
* Repero AI | Aryaman Behera, Naman Mishra | Generated AI An automated red team tool for proactively finding vulnerabilities in applications.
* Unlock the project | Rishabh Singh, Vibha Mohan | Build Figma for Spatial Computing.
“It's well known that Europe and India have some of the world's most talented engineers,” said Alice Bentinck, co-founder and CEO of Entrepreneur First. The path to becoming a significant founder in “launching a science fiction hub is still full of obstacles.” It's not just about access to the world's best investors, it's about the “wetware” mental upgrade that EF's founders get by being surrounded by a dense ecosystem of ambitious peers. ”
Commenting on the immersive programmes, Rahul Samat, Partner and Head of India at Entrepreneur First, said, “From Bengaluru to San Francisco, our immersive programs are a testament to our commitment to Indian founders; We're enabling them to build global companies from day one, and we're seeing them grow.''
When founders relocate to San Francisco following funding from EF's investment committee, they are matched with a Silicon Valley advisor, participate in weekly conversations with experienced founders, executives, and investors, and receive face-to-face We will pitch to the world's leading investors at the upcoming Demo Day. Written by Reid Hoffman.
Built across a wide range of sectors, EF India's portfolio includes Fello, a gamified investment and personal finance platform that has a user base of over 1 million and raised USD 4 million in its latest funding round, and Beatoven, among others. , which boasts over 50 successful startups. It uses artificial intelligence to help video and podcast content creators create original soundtracks without any musical expertise.
For more information, please visit our website www.joinef.com.
Founded in 2011 by Matt Clifford and Alice Bentinck, Entrepreneur First is a category-defining investor in entrepreneurial talent. EF's portfolio companies are backed by some of the world's leading investors, including Sequoia, Andreessen Horowitz, Softbank, and GV (formerly Google Ventures). Startups co-founded through their program are now worth more than $10 billion, including Tractable, Magic Pony Technology, Cleo, La Vie, Aztec, Sonantic, and more. We have offices in London, Paris, Bangalore and San Francisco. Sharing their expertise, Matt and Alice co-authored the book How to be a Founder (Bloomsbury Publishing), released in August 2022.
Entrepreneur First is the world's first “talent investor” that finds and funds pre-teams and pre-ideas from the world's best early career technical founder talent. Since 2014, they have built a portfolio valued at over $10 billion with this unique approach to company building, and have partnered with Patrick and John Collison, Reid Hoffman, Taavet Hinrichs, Matt Mullenweg, and more. Backed by the founders.
EF's impressive roster of global backers includes John and Patrick Collison (co-founders of Stripe), Taavet Hinrichs (co-founder of Wise), Reid Hoffman (co-founder of LinkedIn), and Matt Mullenweg. (co-founder of WordPress), including Tom. Blomfield (co-founder of Monzo and GoCardless), Nat Friedman (former CEO of Github), Sara Clemens (former COO of Twitch and Pandora), Matt Robinson (co-founder of Nested and GoCardless), Patrick O'Shaughnessy (Positive Sum )), Demis Hassabis and Mustafa Suleiman (co-founders of DeepMind), Claire Hughes-Johnson, Sten Tamkivi, Elad Gil, and Rashi Groom.
Appendix: Details of first batch of Indian companies
CodeAnt AI | Amartya Jha, Chinmay Bharti | CodeAnt AI is a DevTool that helps businesses find and automatically fix code issues and security vulnerabilities. Amartya led DevOps and Infrastructure teams at unicorn companies such as Zeta and ShareChat, scaling infrastructure and applications to handle hundreds of millions of requests. Chinmay is a founding engineer at Zevi AI, where he built the search infrastructure that allows his largest direct-to-consumer brand to handle millions of requests.
Cherry Blossom Viewing | Marco Mascolo, Drishti Bhasin | Engineering co-pilot to reduce design cycles by 50x for hardware companies. Marco won the Best Student Award in Engineering at Imperial College, holds a Master's degree in Fluid Mechanics, and from the age of 12 he has been using a 3D printer to build his robot arms and his F1 from NASA. I have gained practical experience. Drishti has a background in mechanical engineering from a top IIT. This combines five years of his AI expertise, key roles at Microsoft, NannyML, and Quansight, and multiple publications at major conferences.
Insights Sudhanshu is a founding member of his Series A-funded XR startup and has developed a platform that has deployed his AR/VR/MR experiences to over 10 Fortune 500 companies. These experiences have earned him over 50 million users. Akshat graduated from Delhi Institute of Technology with a degree in Computer Science. He was a senior AI researcher developing cutting-edge AI solutions leveraging his LLM and LVM for US state governments and pharmaceutical companies.
Iterate on AI | Saksham Agarwal, Shubhram Bhattacharya | Create unlimited engineering bandwidth for your product teams. Shubhram is a product manager who built India's first bookkeeping app for truck owners and scaled it to 1.2 million users. Sakshyam is a CS senior at BITS Pilani. He worked as a full stack developer at his pyor.xyz, building an interpretation layer for digital assets and growing the waiting list to his 120,000+ users.
Repello AI | Aryaman Behera, Naman Mishra | Automated Red Teaming Tools for Proactively Discovering Vulnerabilities in Generated AI Applications. Aryaman has a five-year background in security research, graduated from IIT Roorkee, and was part of his Azure Red team at Microsoft. Naman is a software developer and ML engineer who has built products used by over 500,000 users and worked with large companies like American Express. With research publications on ML Security, he brings deep his technology expertise to the team.
Unlock a Project | Rishabh Singh, Vibha Mohan | Build Figma for Spatial Computing. Unproject is currently working closely with design partners at Unity, Microsoft, and Gravity Sketch to build the best tools for spatial designers. Viba was previously listed by Adobe as one of his 10 Most Promising Designers of 2019. Rishabh previously worked at Intel 3D Labs in Santa Clara with his XR focus.
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