Press Release (ePRNews.com) - SAN FRANCISCO - Dec 20, 2017 - BootstrapLabs, a leading early-stage venture capital firm focused on Applied Artificial Intelligence, and Position A Partners, a specialized investment, product innovation and corporate development firm, are partnering to offer founders a life-cycle approach to successfully build and scale companies that solve the hardest Artificial Intelligence and Cyber technology challenges in areas such as autonomous vehicles, identity management, data and transaction integrity, critical infrastructure, robotics, healthcare and government.
The world is fast becoming digital, powered by software, data, infrastructure, and increasingly, artificial intelligence. Six years ago, oil firms accounted for six of the top 10 most valuable companies worldwide. Today, only one oil firm remains in the top 10, and six technology companies (Apple, Google, Microsoft, Facebook, Amazon and Alibaba) represent 70 percent of their total market capitalization. This represents the biggest sector shift in modern history, creating major opportunities for new market entrants, but also creating major threats to the core pillars of modern society.
“Cyber, in particular, poses a massive challenge to the very fabric of our society, and few firms are as well positioned as BootstrapLabs and Position A to uncover emerging innovation in cyber, artificial intelligence and next-generation computing that will address this trillion-dollar opportunity,” said Dr. Tom Campbell, special advisor to BootstrapLabs, founder of FutureGrasp LLC and former National Intelligence Officer for Technology at the National Intelligence Council, ODNI.
Cybercrime damages are expected to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015, and corporations’ budgets for cyber alone are expected to grow to $1 trillion by that same date. Ransomware attacks have been spreading like an epidemic since 2016, and 2017 already recorded $5 billion worth of damages, touching even the most sophisticated and technologically advanced corporations, institutions and nation states.
“Software systems and the infrastructure on which they run are getting increasingly complex, and interconnected. With the recent advances in artificial intelligence, these systems are exponentially more challenging to build, manage and secure. It takes deep domain knowledge, expertise, ingenuity, passion and vision to solve these complex problems and I could not think of a better partner than BootstrapLabs to do this with,” said Herb Kelsey, partner at Position A Partners and former chief architect for a U.S. DoD mission support agency.
Together, the firms combine access to value-add capital and a joint community of some of the world’s best AI and Cyber experts in computer vision, NLP, NLU, DL, mapping, robotics, cybersecurity and blockchain. Founders will be able to accelerate their product-market fit discovery, vet and hire top talent faster, close scalable revenue opportunities sooner and strategically plan exits to some of the group’s close strategic partners or to the public markets.
“There is no need for founders to re-invent the wheel with each venture; a certain product and technology may be unique, but the way to build and scale a company to success isn’t. Together our firms bring a unique combination of proven execution methodologies, skills, deep industry knowledge and resources so that founders can take their venture from early disruptor to market leaders in a fraction of the time, dilution and risks it usually takes,” said Darr Aley, founder and managing partner of Position A Partners.
“After spending decades building, investing and scaling technology companies, I know firsthand how critically important it is for founders to pick the right partners, which is why I founded BootstrapLabs. We have known Position A Partners for years, and as fellow operators and founders, we have the deepest respect for the work they do, and I am very excited to bring together our respective strengths to address some of the greatest opportunities of our time,” said Nicolai Wadstrom, founder and CEO of BootstrapLabs.
BootstrapLabs is a leading Venture Capital firm based in Silicon Valley and focused on Applied Artificial Intelligence. It actively invests in passionate entrepreneurs building disruptive early-stage technology startups that use AI/ML technologies to solve hard, global problems in sectors such as Transportation, Logistics, Financial Services, Future of Work, Cyber and Healthcare. Select Applied AI portfolio companies include AEye, Pinn Technologies, Vidora, Qurious.io, Roger.ai, Sibly, Indus.ai, Mendel Health, SmartEar, and many others.
Over the years, BootstrapLabs has cultivated a world-class community of 38,000 AI experts, founders, executives, developers and investors to fuel its high-quality deal-flow, provide access to top-tier talent and secure early customers for its portfolio companies. Over 2,000 professionals have attended its Annual Applied AI Conferences, quarterly Insiders Series and monthly workshops. The group also publishes a very popular Applied AI Digest newsletter that is read by more than 4,000 people each week.
About Position A Partners
Position A is a specialized investment, product innovation and corporate development firm working with disruptive technology companies in AI, IoT, Robotics, Autonomous and Electric vehicles, Transportation (all forms), Global Supply Chain and Cyber. The firm works with some of the most important engineers, scientists and business talent of our generation to solve the world’s hardest technology problems that are impacting its network of Private Equity, Family Offices, University Labs, Venture Groups and Nation States partners.
As a catalyst for innovation development and technology adoption, Position A leverages its direct access to critical infrastructure, deep knowledge of the regulatory environment, as well as expertise in forming public/private partnerships to accelerate global product adoption, revenue creation and exits for its clients.
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