As we reflect on this past year, we are proud to recognize the many successes realized by friends and colleagues in the Amplify community. In the past 12 months, we celebrated the initial public offerings of two portfolio companies, participated in 45 new or follow-on investment rounds, and welcomed six new members to the Amplify team. Throughout the year, Amplify’s portfolio companies raised over $1.27 billion in follow-on financing.
In looking ahead to 2020, the Amplify team is excited to build on that momentum and continue investing from our $200 million Fund III. We are grateful to be in the position to support the world's best technical founders who are defining the future of machine intelligence, data science, and cloud infrastructure.
We congratulate Fastly (May 2019) and Datadog (September 2019) on achieving public company status via their IPOs. Amplify seeded both companies, and we are honored to have had the opportunity to work with the founding teams and take a front row seat as they turned their visions into category-defining businesses.
- Fastly (FSLY), the edge cloud platform that delivers its customers faster, safer, and more scalable sites and apps, went public in May. Amplify invested in all of the company's private rounds, from Series Seed through Series F. Congratulations Fastly! Reflecting on Seed to IPO by Sunil Dhaliwal
- Datadog (DDOG), an essential monitoring platform for cloud applications, went public in September. Amplify invested in each of the company's financings from Series Seed through Series D. Datadog - Thank You and Congratulations by Sunil Dhaliwal and Lenny Pruss
At Amplify, we partner with the best technologists regardless of their location, including places outside of the United States. We are proud that our portfolio companies are headquartered in dozens of cities across the globe including Boston, Berlin, London, Seattle, Madrid, New York, Tel Aviv, and Vancouver.
- Anyscale, a company that provides a framework for building machine learning applications, raised $20.6 million
- Anchorage, a crypto-native digital asset custodian, raised $40 million
- Cmd, a company that enables cloud-first organizations to reliably log, understand, predict, and control user behavior in their Linux environment, raised $15 million
- Dyndrite, a company creating next-generation software for the design, manufacturing, and additive marketplaces, raised $10 million
- Intellimize, an AI-based website personalization company, raised $8 million
- Near, creators of the NEAR Protocol for building decentralized applications, raised $12.1 million
- OctoML, a company optimizing ML models on heterogenous hardware backends, raised $3.9 million
- Abstract, a workflow platform for design teams to version, manage, and collaborate on design files, raised $30 million
- Determined.ai, a company building high-performance deep learning software infrastructure, raised $11 million
- Enlitic, a leading developer of AI software designed to help doctors diagnose patient conditions more quickly and more accurately, raised $40 million
- Gorgias, a company that delivers customer support software powered by machine learning, raised $14 million
- Notable Labs, a company that uses AI to predict effective cancer treatments for patients, raised $40 million
- Polly.ai, creators of simple and effortless native polls and surveys, raised $7 million
- Recursion Pharmaceuticals, a next-gen biopharma company combining automated, experimental biology with artificial intelligence to discover and develop drugs at scale, raised $121 million
- Suplari, an AI-driven insights platform for procurement, raised $5 million
- Cmd named to CNBC’s Top 100 Most Promising Start-Ups list for Data Breach Prevention
- Gremlin named a SD Times 100 winner for the company's leadership in the Development Tools category
- Mabl won the 2019 Devies Award for Artificial Intelligence and Machine Learnings and was named to the 2019 CB Insights AI 100
- StackRox won the Excellence Award for Best Emerging Technology in the 2019 SC Awards by SC Media, two CODIE awards in Best Emerging Technology and Best Network Security Solution, and was named a top 7 enterprise startup to watch in 2019 by CIO Dive
- Vera was named the Best Cybersecurity Startup (between 50 to 99 employees) by Cybersecurity Company Awards
- Chef earned two awards including 2019 Cloud Computing Product of the Year by Cloud Magazine and SD Times 100 winner for the company's leadership in software development
- Intellimize won the IMA Network's impactSHOW19 award for Best Website for Conversion
- Dyndrite CEO Harshil Goel named 30 Under 30 by Forbes in the Manufacturing and Industry category
- Carlie Long joined to manage our San Francisco office. We formally expanded our office footprint into San Francisco in May, making it our second office in the Bay Area.
- Mark LaRosa joined as an Operating Partner to work alongside Amplify’s portfolio companies to execute custom-built go-to-market plans. Mike Dauber shares more about Mark here.
- Renee Shah joined the investment team as a Principal and focuses on early stage investments in artificial intelligence, machine learning, and robotics startups. Sunil Dhaliwal shares more about Renee here.
- Natasha Katoni joined as Head of Talent to work alongside Amplify's portfolio companies on their talent and people programs and strategies. Sarah Catanzaro share more about Natasha here.
- Sergio Benitez joined Amplify as an entrepreneur-in-residence. Lenny Pruss shares more about Sergio here.
- Steve Agelopoulos joined as the Chief Financial Officer for Amplify where he is responsible for the firm’s financial management and reporting.
- Sarah Catanzaro launched Projects To Know, a weekly newsletter that curates academic papers and open source projects that are playing a meaningful role in advancing machine intelligence and data science. Previous issues can be viewed here.
- Sunil Dhaliwal talked with Steve Lohr of The New York Times about his experience working with the 40% of Amplify's founders who switched from a consumer background to enterprise. (link) Earlier in the year, Sunil spoke with Cade Metz of The New York Times about the role of machine learning in the future of robotics. (link)
- Amplify was included in "IPO Season Establishes New Crop of Venture-Capital Leaders" by The Wall Street Journal for the firm's Seed investment in Fastly. (link)
- Sarah Catanzaro discussed the future of data science on the Masters of Data podcast. (link)
- Mark LaRosa keynoted Prisma Day where he spoke about sales strategies for enterprise buyers and data access in the enterprise. (transcript)