No-Code, Low-Code Machine Learning Platforms Still Require People

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Written By AB

INFORMATION WEEK: No-code, low-code (horizontal) machine learning platforms are useful at scaling data science in an enterprise. Still, as many organizations are now finding out, there are so many ways that data science can go wrong in solving new problems. Zillow experienced billions of dollars in losses buying houses using a flawed data-driven home valuation model. Data-driven human resources technology, especially when based off facial recognition software, has been shown to bias hiring decisions against protected classes.

 

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Pienso: Putting AI into the hands of people with problems to solve
Pienso: Putting AI into the hands of people with problems to solve

MIT News: Alumni-founded Pienso has developed a user-friendly AI builder so domain experts can build solutions without writing any code.

On the Record with Nate Cavanaugh, CoFounder & Co-CEO of FlowFi
On the Record with Nate Cavanaugh, CoFounder & Co-CEO of FlowFi

On the Record with Nate Cavanaugh, CoFounder & Co-CEO of FlowFi.

In 2021, Nate co-founded of FlowFi, a SaaS-enabled marketplace that connects startups and SMBs with finance experts. FlowFi has raised $10M from top VC firms including Blumberg Capital, Differential Ventures, Clocktower Ventures and Precursor Ventures, and generated 7-figures of annual recurring revenue in its first year.

Nate was nominated to the Forbes 30 Under 30 list for Enterprise Technology.

FlowFi Closes on $9M in Seed Funding
FlowFi Closes on $9M in Seed Funding

TECHCRUNCH: FlowFi, a startup creating a marketplace of finance experts for entrepreneurs, closed on $9 million in seed funding.

Blumberg Capital led the investment and was joined by a group of investors including Parade Ventures, Differential Ventures, Precursor Ventures, Special Ventures, 14 Peaks Capital and Cooley LLP.

Cyolo’s Almog Apirion on Nasdaq TradeTalks
Cyolo’s Almog Apirion on Nasdaq TradeTalks

NASDAQ: Nasdaq TradeTalks: 2024 Cybersecurity Budget Outlook with Almog Apirion, Cyolo.

Retrocausal Raises $5.3M in Financing
Retrocausal Raises $5.3M in Financing

FINSMES: Retrocausal, a Seattle, WA-based platform provider for manufacturing process management, raised $5.3M in funding.

The round was led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.

Nick Adams Discusses How To Get Your Generative AI Startup Funded
Nick Adams Discusses How To Get Your Generative AI Startup Funded

AI and the Future of Work Podcast: Entrepreneurs wonder what it’s like to be a VC. And VCs without an operating background often don’t understand the grit required to turn an idea into a successful business. The best investors have been successful operators first.

Today’s guest is one of those. Nick Adams founded Differential Ventures in 2017 to invest in B2B, data-first seed-stage companies. Since then, Nick and the team have invested in an impressive group of companies including Private AI, Ocrolus, and Agnostiq.

On the Record with Elissa Ross, CoFounder & CEO of Metafold
On the Record with Elissa Ross, CoFounder & CEO of Metafold

On the Record with Elissa Ross, CoFounder & CEO of Metafold. Elissa Ross is a mathematician and the CEO of Toronto-based startup Metafold 3D. Metafold makes an engineering design platform for additive manufacturing, with an emphasis on supporting engineers using metamaterials, lattices and microstructures at industrial scales. Elissa holds a PhD in discrete geometry (2011), and worked as an industrial geometry consultant for the 8 years prior to cofounding Metafold. Metafold is the result of observations made in the consulting context about the challenges and opportunities of 3D printing.

Nick Adams: What Regulations Need to Be Put in Place to Ensure the Safe Use of AI in the U.S.?
Nick Adams: What Regulations Need to Be Put in Place to Ensure the Safe Use of AI in the U.S.?

Nick Adams on PM360: To get a better grasp on what eventual AI regulations could and should look like, PM360 spoke with Nick Adams, Founding Partner at Differential Ventures. In addition to starting the venture capital firm focused on AI/machine learning in 2018, Adams is also a member of the cybersecurity and national security subcommittee for the National Venture Capital Association and recently briefed members of Congress on AI policy and potential regulation.

Metafold 3D Closes $2.35 Million CAD To Fuel Industrial Adoption of 3D Printing
Metafold 3D Closes $2.35 Million CAD To Fuel Industrial Adoption of 3D Printing

BETAKIT: Metafold 3D, which wants to make it easier for manufacturers to design and 3D print complex parts, has secured $2.35 million CAD ($1.78 million USD) in seed funding.

Toronto-based Metafold was founded in 2020 by a group of math, geometry, and architecture experts in CEO Elissa Ross, CTO Daniel Hambleton, and COO Tom Reslinski. Born out of Hambleton’s geometry-focused consulting agency, Mesh Consultants, Metafold sells design for additive-manufacturing software to sportswear and biopharmaceutical companies.

Nick Adams: Where’s AI headed in the workplace? VCs weigh in
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Nick Adams on TECHBREW: For all the pixels spilled about the promises of generative AI, it’s starting to feel like we’re telling the same story over and over again. AI is serviceable at document summarization and shows promise in customer service applications. But it generates fictions (the industry prefers the euphemistic and anthropomorphizing term “hallucinates”) and is limited by the data on which it’s trained.

Mona Introduces Free, Self-Service Monitoring for GPT Applications
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ATLANTA and TEL AVIV, Israel, June 29, 2023 /PRNewswire/ -- Mona, the leading intelligent monitoring platform, unveils a new monitoring solution for GPT-based applications. The free, self-service offering provides businesses with granular visibility into GPT-based products and valuable insights into costs, performance, and quality.

David Magerman: Artificial Intelligence’s Glass Ceiling
David Magerman: Artificial Intelligence’s Glass Ceiling

David Magerman on THEINFORMATION: OpenAI’s stated goal is to develop and promote a software system capable of artificial general intelligence. Toward that end, the company has released systems based on large-language models, which can respond to prompts with fluent conversation on many subjects. ChatGPT, Microsoft’s Bing chatbot and other new systems based on OpenAI’s GPT-3 and GPT-4 models are truly incredible and perform far beyond previous attempts at achieving AGI.

Morgan Stanley at Work Launches Carver Edison’s Cashless Participation®
Morgan Stanley at Work Launches Carver Edison’s Cashless Participation®

BUSINESSWIRE: Morgan Stanley at Work and Carver Edison, a financial technology company, announced today that Shareworks has joined Equity Edge Online® in offering Cashless Participation® to U.S.-based corporate clients. Since the initial launch of Cashless Participation® on Equity Edge Online®, stock plan participants have purchased more than one million shares1 with Cashless Participation®. Now that Shareworks has also launched the tool, a wider cohort of Morgan Stanley at Work corporate clients will have access.

Nick Adams on Fox5: Artificial Intelligence Pros and Cons
Nick Adams on Fox5: Artificial Intelligence Pros and Cons

FOX5 WASHINGTON DC: Nick Adams discusses the pros and cons of Artificial intelligence.

Differential Ventures Specializes In Being Advisors For AI Companies
Differential Ventures Specializes In Being Advisors For AI Companies

PULSE 2.0: Differential Ventures is a seed-stage venture capital fund that was founded by data scientists and entrepreneurs for data-focused entrepreneurs. To learn more about the firm, Pulse 2.0 interviewed Differential Ventures’ managing partner and co-founder Nick Adams.

Golioth Secures $4.6M Seed Funding to Accelerate Time-to-Market for IoT
Golioth Secures $4.6M Seed Funding to Accelerate Time-to-Market for IoT

IoTForAll: Golioth, a leading developer platform for the Industrial Internet of Things (IIoT), announced open access to a library of new reference designs for embedded engineers to accelerate their time to market, the launch of a Select Partner Program for energy and construction developers, and the completion of a $4.6M round of seed funding led by Blackhorn Ventures and Differential Ventures with participation from existing investors, Zetta Venture Partners, MongoDB Ventures and Lorimer Ventures.

PrivateAI’s PrivateGPT aims to combat ChatGPT privacy concerns
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VENTURE BEAT: Data privacy provider Private AI, announced the launch of PrivateGPT, a “privacy layer” for large language models (LLMs) such as OpenAI’s ChatGPT. The new tool is designed to automatically redact sensitive information and personally identifiable information (PII) from user prompts.

Quantum commercialization: softly, softly towards the inevitable future
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DIGINOMICA: What can an early-stage investor tell enterprises about the nascent quantum market?

The quantum tipping point – that fabled moment when quantum technologies break through to commercial adoption at scale – has been questioned in a previous diginomica report…

Why Investors Bank on Quantum Commercialization
Why Investors Bank on Quantum Commercialization

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In this Q&A, Differential founding partner David Magerman explains why investors are throwing their weight behind commercial quantum now.

Banking in Venture Capital & the Tech Industry
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On Tuesday, April 25th, 2023, Differential Ventures hosted a webinar on “Banking in Venture Capital & the Tech Industry”. The panel was moderated by David Magerman, Managing Partner of Differential Ventures, and joined by guest speakers Michael Crook (Chief Investment Officer, Mill Creek Capital Advisers), Samir Kaji (CEO & Cofounder, Allocate), and Matt Streisfeld (General Partner, Oak HC/FT).

Differential Ventures partners with Betaworks for AICamp: Augment
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AICamp: Augment is a 3 month long accelerator program run by Betaworks, aimed at bringing together the most creative pre-seed & seed stage companies building software powered by AI to augment human activity.

Agnostiq Closes $6.1M Seed Extension Round
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Quantum computing startup Agnostiq Inc. said today, April 5, 2023, it has closed on a seed funding round worth $6.1 million to help accelerate the development of its enterprise-grade quantum and high-performance computing platform.

Nick Adams: What to Do When Your Balance Sheet Doesn’t
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Sand Hill Road Podcast: Nick Adams joined the Sand Hill Road podcast to discuss the way startups can survive a downturn.

David Magerman: Why Sophistication Will Win Out In The Machine Learning Ops Sector
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UniteAI: There’s no question that machine learning operations (MLOps) is a burgeoning sector. The market is projected to reach $700 million by 2025 – almost four times what it was in 2020.

Still, while technically sound and powerful, these solutions haven’t generated the expected revenue, which has raised concerns about future growth.

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On Thursday, March 16th, Differential Ventures hosted our first webinar entitled Implications of Generative AI in Different Parts of Industry + Society. The panel was moderated by David Magerman, Managing Partner of Differential Ventures, and joined by guest speakers Sharon Zhang (Cofounder & CTO, Personal.ai), Erik Bernhardsson (Founder, Modal Labs), and Adam Oliner (Founder & CEO, Graft).

The Seed of Success
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Welcome to the "Private Placement Perspective," a new pod storm series hosted by Matt Brown. In this first series of 2023, Matt dives deep into the world of venture capital and investing, speaking with investors and CEOs who have successfully helped scale start-ups.

How to Pitch Me
How to Pitch Me

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Systemic Bias in Data Makes AI a Stereotype Machine
Systemic Bias in Data Makes AI a Stereotype Machine

InsideBigData: Artificial intelligence (AI) software systems have been under attack for years for systematizing bias against minorities. Banks using AI algorithms for mortgage approvals are systematically rejecting minority applicants. Many recruiting tools using AI are biased against minority applicants. In health care, African Americans are victims of racial bias from AI-based hospital diagnostic tools. If you understand how data science research produces the models that power AI systems, you will understand why they perpetuate bias, and also how to fix it.

On the Record with Deddy Lavid, CoFounder & CEO of Cyvers
On the Record with Deddy Lavid, CoFounder & CEO of Cyvers

On the Record with Deddy Lavid, CoFounder & CEO of CyVers. Deddy Lavid is a serial ML entrepreneur. He is skilled in giving life to abstract, cutting-edge ideas and turning them into powerhouses. He has founded 3 startups from the ground up (a 0 to 1 kind of person), including one which was acquired, and one that is currently growing fast. Deddy loves envisioning the future and builds amazing teams that focus on making these visions a reality.

Government of Canada invests over $14 million to create jobs and grow economy across Greater Toronto Area
Government of Canada invests over $14 million to create jobs and grow economy across Greater Toronto Area

While in Toronto, Minister Tassi joined representatives at an event hosted by Cognota Inc. and Mero Technologies Inc. Cognota, is a Toronto-based software company that provides AI-enabled learning applications. The company’s LearnOps platform helps customers find new ways to manage strategy, intake …

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