innogy, Thomas Birr, Nicolai Wadstrom, BootdtrapLabs

innogy Innovation Hub and BootstrapLabs to form a Partnership for Investments in AI and Energy

innogy, Thomas Birr, Nicolai Wadstrom, BootdtrapLabs

We are proud to announce our partnership with innogy New Ventures LLC, part of the innogy Innovation Hub and an affiliate of innogy SE, a leading German energy company and the third largest utility in Europe with annual revenues of €43 billion (2017).

The Energy sector is often overlooked by technology-focused investors that deem it too complex, slow, and concentrated. At BootstrapLabs, we understand that Energy, and its supply-chain infrastructure, is powering our modern way of life, including all the technology that we have come to love and rely upon each and every day. Not having a safe, secure and always available source of electricity is not an option and we need to put our best minds on the problems facing utilities, if we are to solve some of their major challenges in time.

innogy Innovation Hub and BootstrapLabs share a common vision that AI will be a key pillar to ensure that utilities successfully transition into the future. As part of our long-term strategic relationship, innogy New Ventures will invest an initial sum of $5 million in BootstrapLabs’ Applied AI Funds, and together we will coordinate globally to build the largest artificial intelligence community for energy ecosystems, and provide a combination of capital and support to Applied AI startups that reimagine the future of energy production, distribution and management across decentralized and interconnected energy services for consumers, machines, enterprises, and public sector agencies.

“As a venture capital firm focused on Applied AI, we believe that the advances made from deep learning and machine learning algorithms will revolutionize both the demand and supply side of the energy economy. With about 22 million customers and activities in 15 countries, innogy is the perfect partner to help us validate use cases quickly and scale our venture investments globally,” said Nicolai Wadstrom, Founder and Managing Partner of BootstrapLabs.

To read the full press release visit the full press release.

BootstrapLabs AAI18 Keynote and Fireside Chat – How AI Shapes the Future of Our Energy System

The energy systems of the future will be too complex to be managed by people and this is precisely where AI comes in.

In this Keynote and Fireside Chat, Thomas Birr, Stephen Comello, and Nicolai Wadstrom discuss the impact of Artificial Intelligence on energy systems by activating AI and powering the electrical grids of the future, AI will help to make energy safer, more reliable, and customer service oriented.

Speakers:

  • Thomas Birr, SVP Innovation & Business Transformation, innogy and CEO, innogy Innovation Hub
  • Stephen Comello, Director, Sustainable Energy Initiative, Stanford
  • Nicolai Wadstrom, Founder and CEO, BootstrapLabs

During this session, the speakers discussed the future of our energy system, how production and usage will evolve over time, and how we will leverage AI to manage, predict, and optimize energy.

Some of the key takeaways from the session are:

  • The energy systems of the future will be too complex to be managed by people and this is precisely where AI comes in.
  • By leveraging customer habit data with AI and algorithms, the grid will be able to optimize when/where/how to distribute energy.
  • The future of the grid lies in micro dimension, with multiple micro-grids and connected devices that will self-optimize and make economic decisions without human interaction.

About Thomas Birr:
Thomas is the SVP of Innovation & Business Transformation at innogy SE and CEO of the innogy Innovation Hub, a leading European utility whose mission is to create a future beyond the traditional energy business. He leads innogy’s Innovation Hub, which is now building and co-creating new digital and platform-powered business models in partnership with the world’s most promising start-ups. Thomas is a strong believer that AI will change every industry – including Energy.

About Stephen Comello:
Dr. Comello is the director of the Sustainable Energy Initiative at Stanford Graduate School of Business and a founding member of the Bits & Watts Initiative within Stanford’s Precourt Institute for Energy. His work examines the organization of innovation and how technology and policy co-evolve to influence the economic attractiveness of advanced energy solutions.

About Nicolai Wadstrom:
Nicolai is the Founder and CEO of BootstrapLabs, a leading Venture Capital firm based in Silicon Valley and focused on Applied Artificial Intelligence. Throughout his career he has been very focused on product and technology development within Machine Learning, Big Data, Analytics, Internet, Mobile and Software/Cloud sectors. Prior to BootstrapLabs he was a multiple-time startup CEO and CTO. He has raised capital from Angels, Private Equity, Investment Banks and VC’s. Nicolai is a frequent guest speaker, mentor and judge at Universities and Conferences in the US and Europe.

About BootstrapLabs Applied AI Conference: 

The BootstrapLabs Applied AI Conference is a yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI. The annual event brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations. The community is comprised of founders and executives who are experts in the field of Applied Artificial Intelligence, veteran technologists leading the world’s most innovative organizations, and key partners in the AI ecosystem sharing deep-domain knowledge within specific verticals.

If you would like to attend the BootstrapLabs Applied Artificial Intelligence Conference 2019, tickets are now available!

BootstrapLabs Presents at US Navy’s HACKtheMACHINE

Seattle, Washington – September 22, 2018 – Ben Levy, Co-Founder of BootstrapLabs was recently invited to present on the state of Applied Artificial Intelligence at HACKtheMACHINE, which was hosted by the Naval Sea Systems Command.

During his keynote, Ben spoke about the State of AI Technology and Tools, where he highlighted why advances in Applied AI are happening now and the impending impacts, opportunities, and challenges that lie ahead for businesses and technologists.

 

 

Ben also shared insights about current investment trends, data projections, and industry milestones that will help carve a path for those hoping to leverage AI’s transformative power.

Ben Levy, Co-Founder, BootstrapLabs, Artificial Intelligence, U.S Navy, HACKtheMACHINE

The discussion on Applied AI, which was part of the Designers Executive schedule, also included presentations by Mr. Kumar Venkateswar, Product Team Lead at Amazon SageMaker and Mr. Andrew Kim, Public Policy and Government Affairs at Google AI.

HACKtheMACHINE is the US Navy’s premiere digital experience for building a community of practice in maritime security.

WANT TO JOIN US AT THE NEXT BOOTSTRAPLABS APPLIED AI EVENT?

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Luigi Congedo, Applied AI, Venture Capital, Italy, San Francisco, Silicon Valley

Forbes 30 Under 30: Luigi Congedo

Luigi Congedo, BootstrapLabs, Venture Capital, Forbes, 30 under 30We are pleased to announce that Luigi Congedo, Principal at BootstrapLabs, has been included in Forbes 2018 list of 30 Under 30 for his contributions to Technology & Venture Capital. In the past four years at BootstrapLabs, Luigi has connected with thousands of start ups in both Silicon Valley, Italy and the world and has focused his work primarily on investments within the Applied Artificial Intelligence space.

At 29, Luigi has proven to be passionate and driven in a space lead by innovators who are changing the world. Luigi shares, “The last few years have been a wonderful experience for me. I have learned so much in Silicon Valley and hope that my work continues to reflect my commitment to excel here.”

 

 

BootstrapLabs AAI18 Panel – Industrial and Manufacturing AI Applications

Human assisted AI is changing industrial and manufacturing – what are the applications and use cases we should pay attention to?

In this panel conversation at BootstrapLabs Applied AI Conference, Macario Namie discusses Industry 4.0 with leaders from GE, Kespry, Indus.ai and Foghorn Systems. Discover how AI and human assisted autonomy provide better utility in manufacturing and industrial work flows and why its important.  Learn about new processes in construction, insurance, mining, and off-shore oil drilling that leverage AI and have the potential to lower costs and increase revenue.

Moderator: Macario Namie, Head of IoT Strategy, Cisco

Speakers:

  • Karen Kerr, Executive Managing Director, GE Ventures
  • George Matthew, CEO, Kespry
  • Matt Man, Founder, Indus.ai
  • Ramya Ravichandar, Director Product Management, FogHorn Systems Inc

During this session, the panelists discussed AI in manufacturing and industrial applications, the need to combine domain expertise with algorithms, and getting actionable insights from your data in real time.

Some of the key takeaways from the session are:

  • For AI to deliver value in industrial applications you really need to have domain expertise and understand the particular workflows of the industry you’re serving.
  • Clients in the industrial space aren’t looking to replace the human component, they’re looking for human-assisted solutions that will augment people with AI.
  • You need to demonstrate how technology will translate into ROI. These companies have been burned in the past by following a technology fad, so you need to show how AI can have an operational impact today.

About Macario Namie:
Macario Namie joined Jasper in 2007 and – after Cisco’s acquisition of Jasper in 2016 – now leads IoT strategy efforts, including ecosystem development, for Cisco. Prior to this role, Macario spent 8 years leading marketing for Jasper, responsible for product marketing, corporate marketing, field marketing, and demand generation. Macario brings nearly 20 years in marketing Software-as-a-Service enterprise applications. Prior to Jasper, Macario led Worldwide Product Marketing at WebEx, where he was responsible for solution definition and execution of go-to-market plans for the entire WebEx product portfolio. Macario also held senior roles at ePeople and Lycos and holds a B.A. from the University of California, Berkeley.

About Karen Kerr:
Karen Kerr leads a team focused on making investments and partnerships in the advanced manufacturing ecosystem. Karen comes to GE with two decades of experience in developing technology based businesses and venture investing. Previously she served as Senior Director of New Ventures and Alliances at the University of Southern California (USC) Stevens Center for Innovation. Before joining USC, Karen led business development at Intellectual Ventures, was Managing Director at ARCH Venture Partners, and founded Agile Equities LLC. Karen was named one of LA’s Top Innovators in 2012 by C Suite Quarterly, selected to C200 leading business women in 2004, and selected by Crain’s Chicago Business for its 40 under 40 list of leading business professionals in Chicago. Karen earned a PhD in Physical Chemistry from the University of Chicago and an AB in Chemistry from Bryn Mawr College.

About George Matthew:
George Mathew is the CEO & Chairman of Kespry, the leading aerial intelligence platform
provider. At Kespry, he focuses on leading the company’s mission to transform how people and businesses capture, use and get value from worksite intelligence. Prior to Kespry, George held senior leadership positions at Alteryx, salesforce.com and SAP. He holds a BS in Neurobiology from Cornell University and an MBA from Duke University, where he was a Fuqua Scholar.

About: Matt Man
Matt Man is the founder of indus.ai, a video analytics and big data product for construction sites. In Matt’s previous life he founded a mobile application development firm GreenOwl Mobile which deployed 45+ smart city apps across 5 countries. He is an experienced SaaS founder who understands the enterprise B2B market. He holds a Masters in Engineering from Stanford, and BASc in Engineer Science from the University of Toronto. He started experimenting with AI during his undergraduate years, where he coded his first neural network to translate sign language.

About Ramya Ravichandar
Ramya heads Product Management at FogHorn. She is seasoned leader in emerging markets, with a track record of creating value. She brings a rare combination of technical expertise in real time analytics, machine learning, AI, and valuable experience in Industrial IOT. Ramya has a PhD in Computer Science from Virginia Tech.

About BootstrapLabs Applied AI Conference and Community: 

The BootstrapLabs Applied AI Conference 2018 is a yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI. The annual event brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations. The community is comprised of founders and executives who are experts in the field of applied artificial intelligence, veteran technologists leading the world’s most innovative organizations and key partners in the AI ecosphere sharing deep-domain knowledge within specific verticals.

Over the next several weeks we’ll be releasing the videos from the sessions from the BootstrapLabs Applied AI Conference 2018. The yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI, that brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations.

BootstrapLabs AAI18 Keynote and Fireside Chat – Autonomous Vehicles for Fleet-Based, On-Demand Mobility

The goal of autonomous mobility is to impact communities by creating safer and less congested cities but there technological limitations business must overcome before this future becomes reality. Learn how some of the industry’s leading minds prioritize infrastructure, public safety, compute and AI.

At BootstrapLabs Applied Artificial Intelligence 2018 Conference, Evangelos Simoudis, Founder and Managing Director of Synapse Partners, explores the future of mobility with industry leaders John Absmeier, Head of Autonomous Mobility from Samsung and Nadeem Sheikh, VP of Self Driving Programs from Lyft.

Speakers:

  • Evangelos Simoudis, Founder and Managing Director, Synapse Partners
  • John Absmeier, Head of Autonomous Mobility, Samsung
  • Nadeem Sheikh, VP of Self Driving Programs, Lyft

If you want to check out the slides used by the speaker follow this link.

During this session, the speakers discussed the impact of autonomous driving long term, the steps required to make autonomous driving successful and all the challenges we’re still facing to adopt this technology

Some of the key takeaways from the session are:

  • The biggest impact autonomous driving will have long term isn’t in business, but safety.
  • Processes, standards, education and better computation power are all necessary to make autonomous driving a reality.
  • Sensors capabilities with higher resolution and speed of data are some of the challenges we need to address; humans still have a better response time in some autonomous driving scenarios because of this.

About Evangelos Simoudis:
Evangelos is the co-founder and managing director of Synapse Partners, a firm that invests in early-stage companies developing applications that combine AI with Big Data. He is an author, a member of numerous advisory boards, and has more than 20 years experience working in various high-tech industries. Evangelos earned a Ph.D. in computer science from Brandeis University and a B.S. in electrical engineering from Caltech.

About John Absmeier:
John Absmeier is the SVP of the Autonomous/ADAS strategic business unit and VP of Smart Machines for HARMAN and Samsung. Absmeier is a self-proclaimed geek, gearhead and jarhead with 20 years’ experience in the automotive industry. He founded Delphi Labs @ Silicon Valley and led the team to develop Delphi’s autonomous vehicle platform. Absmeier has a BSME from Purdue University, MSME from UC Berkeley, and executive MBAs from UC Berkeley,, University of Michigan, and Thunderbird.

About Nadeem Sheikh:
Nadeem is the VP of Self-Driving Vehicle Programs at Lyft, where he is responsible for Lyft’s roadmap for scaling self-driving technology. Prior to Lyft, Nadeem was part of the executive team at Opower, an energy-focused software company which went public in 2014. Nadeem was a consultant at McKinsey, where he worked in the Automotive sector and helped found the Sustainability Practice. He earned his MBA from UC Berkeley and his BS in Industrial Engineering from the University of Wisconsin-Madison.

About BootstrapLabs Applied AI Conference and Community: 

The BootstrapLabs Applied AI Conference 2018 is a yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI. The annual event brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations. The community is comprised of founders and executives who are experts in the field of applied artificial intelligence, veteran technologists leading the world’s most innovative organizations and key partners in the AI ecosphere sharing deep-domain knowledge within specific verticals.

Over the next several weeks we’ll be releasing the videos from the sessions from the BootstrapLabs Applied AI Conference 2018. The yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI, that brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations.

BootstrapLabs AAI18 Opening Keynote – Human + Machine: Reimagining Work in the Age of AI

Paul Daugherty shares his vision of reimagining the Future of Work while on stage at BootstrapLabs Applied AI Conference.

Paul Daugherty is the Chief Technology & Innovation Officer at Accenture and leads the company’s Technology Innovation & Ecosystem group. In addition to overseeing Accenture’s technology strategy, Mr. Daugherty is responsible for driving innovation through R&D activities within Accenture Labs. While he manages Accenture’s alliances, partnerships and senior-level relationships he works to leverage emerging technologies and bring the newest innovation to his clients globally.

Speaker: Paul Daugherty, Chief Technology & Innovation Officer, Accenture

During this session, Paul Daugherty discusses the Future of Work (FofW), AI as the alpha trend in technology, the distribution of labor between humans and machines and how to prepare people and businesses for the impact of artificial intelligence.

Key takeaways from this session are:

  • AI is the Alpha Trend in technology because it fundamentally influences the way other technology trends develop.
  • AI is poised to be the biggest thing that impacts our lifetime.
  • Executives need to fundamentally approach their business differently to gain value from AI; this means creating processes that are dynamic, personalized, flexible and adaptive.
  • The future is will depend on a Human + Machine relationship. Giving people the right machine counterparts for working together to achieve higher levels of intelligence and increased collaborative intelligence.

If you’d like to learn more, please visit Accenture’s Website

About BootstrapLabs Applied AI Conference and Community: 

The BootstrapLabs Applied AI Conference 2018 is a yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI. The annual event brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations. The community is comprised of founders and executives who are experts in the field of applied artificial intelligence, veteran technologists leading the world’s most innovative organizations and key partners in the AI ecosphere sharing deep-domain knowledge within specific verticals.

BootstrapLabs AAI18 Closing Keynote – Where AI Is Today and Where it’s Going

Over the next several weeks we’ll be releasing the videos from the sessions from the BootstrapLabs Applied AI Conference 2018. The yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI, that brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations.

Speaker: Richard Socher, Chief Scientist, Salesforce

If you want to check out the slides used by the speaker follow this link.

During this session, Richard Socher discussed the state of AI today across different industries including robotics and healthcare and where he sees the biggest potential for AI in the future.

Some of the key takeaways from the session are:

  • AI is impacting several industries and has provided incredible advancements (radiology, cancer treatment, etc) but there’s limitations. Fully autonomous movement in robotics and self-conscious AI are still far away.
  • In theory, with the right political structure, AI could be used to cover all basic necessities including food, housing and security.
  • It’s important to think about diversity in AI in terms of: the kinds of problems we’re working to solve, the kinds of people working on those, and the data sets the algorithms are trained on.

About Richard Socher:
Richard Socher is Chief Scientist at Salesforce where he leads the company’s AI research efforts. Prior to Salesforce, he was the CEO and founder of MetaMind, an AI startup acquired by Salesforce. Socher has received numerous awards and grants including the Distinguished Application Paper Award at the ICML, the Yahoo! Key Scientific Challenges Award, a Microsoft Research PhD Fellowship, and the GigaOM Structure Award. Socher’s PhD from Stanford on deep learning with Chris Manning and Andrew Ng won the best Stanford CS PhD thesis award.

BootstrapLabs AAI18 Panel – Applied AI and Cybersecurity: Making the Enterprise More Secure

Over the next several weeks we’ll be releasing the videos from the sessions from the BootstrapLabs Applied AI Conference 2018. The yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI, that brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations.

Moderator: Debra J. Farber, Data Privacy & Security Advisor

Speakers:

  • Will Summerlin, Founder, Pinn Technologies
  • Chris Merz, VP Security & Decision Products, Mastercard
  • Sean Kanuck, Director of Cyber, Space and Future Conflict, IISS

During this session, the panelists discussed the future of authentication, leveraging AI to prevent and detect threats and security around databases that collect our information.

Some of the key takeaways from the session are:

  • AI is the only way to figure out and prevent future cyber attacks, it’s impossible for people to process the abundance of data required for the analysis.
  • 81% of data breaches in 2017 were perpetuated due to a stolen password, sensor data and biometric information are the key to authentication in the future.
  • It’s important to invest in management and security for databases, all biometric puzzles turn into cybersecurity issues if the database that gathers the information can be compromised.

About Debra J. Farber:
Debra J. Farber is a data privacy and information security executive and entrepreneur with 14 years of data strategy, operations, public policy, training, product, and compliance experience. Debra served as Sr. Director, Global Public Policy (Security & Privacy) at Visa where she oversaw a portfolio of issues, including: privacy, cybercrime, cybersecurity, product security, risk and more. Debra held privacy and security leadership roles at IBM, American Express, Farber Strategies and more. Debra holds a BA in English from Binghamton University, a JD from Brooklyn Law School and is completing her Executive Certificate of Business Excellence from UC Berkeley.

About Will Summerlin:
Will Summerlin is the Founder and CEO of Pinn, a cybersecurity company using AI to solve the digital identity crisis. He’s also an advisor to Story Ventures.

About Chris Merz:
Dr. Chris Merz is the vice president of Security and Decision Products for the Enterprise Security Solutions product team at Mastercard. He is responsible for decision science and associated data strategies for real-time, transaction-level decision and fraud monitoring solutions. Since joining Mastercard in 2001, Dr. Merz has applied machine learning and data science techniques to applications in cardholder segmentation, loyalty solutions, recommender systems, and fraud detection. He holds a PhD in Information and Computer Science from the University of California – Irvine, and is a recognized researcher in Machine Learning, with over 20 published conference and journal articles. He is also an adjunct professor at the Missouri University of Science and Technology since 2004.

About Sean Kanuck:
Sean serves as Director of the Future Conflict and Cyber Security program at the International Institute for Strategic Studies and Chair of the Research Advisory Group for the Global Commission on the Stability of Cyberspace. He advises governments, corporations, and entrepreneurs on the future of information technology. Sean served as the United States’ first National Intelligence Officer for Cyber Issues from 2011 to 2016. He has a decade of experience working in government including with the CIA’s Information Operations Center, the White House National Security Council, and more. Prior to government, Sean practiced law with Skadden Arps in New York, specializing in mergers and acquisitions, corporate finance, and banking. He holds degrees from Harvard University, the London School of Economics, and the University of Oslo. He also proudly serves as a Trustee of the Center for Excellence in Education in McLean, Virginia.

BootstrapLabs AAI18 Keynote and Fireside Chat – Applied AI in Healthcare: Deep Impact

Over the next several weeks we’ll be releasing the videos from the sessions from the BootstrapLabs Applied AI Conference 2018. The yearly conference organized by BootstrapLabs, a leading Venture Capital firm focused on Applied AI, that brings together over 800 members of the Artificial Intelligence community for a day of incredible speakers and exciting conversations.

Speakers:

  • Dan Faggella, CEO, TechEmergence
  • Kevin Hua, Sr. Manager A.I./Machine Learning, Bayer
  • Carolina Garcia Rizo, Chief Business Officer, Just Biotherapeutics

During this session, the panelists discussed AI in healthcare, the complexity of all stakeholders in the industry, the ROI impact of AI, and the differences between AI in healthcare startups and Big Pharma.

Some of the key takeaways from the session are:

  • AI can be applied to many parts of the healthcare process from drug discovery to design, manufacturing and clinical trials, but the key is to find places where you have good quality, clean data.
  • Only one in ten companies leveraging AI in Healthcare meet the requirements to have meaningful impact in the space.
  • To convince executives to pull the trigger on these technologies, you need to demonstrate how AI will bring value to different complex stakeholders: hospital management, doctors and nurses, pharmaceutical companies and patients.

About Dan Faggella:
Daniel Faggella is the Founder and CEO at TechEmergence, the only market research and company discovery platform focused exclusively on artificial intelligence and machine learning. Daniel is a serial entrepreneur and has grown and sold two previous companies. He is a graduate of University of Pennsylvania with a masters degree in cognitive science.

About Kevin Hua:
Dr. Kefeng (Kevin) Hua has 20 years of experience working in design and development of AI/Machine Learning applications in healthcare, insurance, banking, retails and manufacturing industries. He is currently a senior manager with the Digital Health Intelligence Group of Bayer, responsible for developing AI/ML applications. Prior to Bayer, he was a machine learning specialist at Deloitte Consulting and a research manager of AI at Center for Advanced Research of PwC. His work in analytics has won the Analytics Leadership Award from IU Kelley School of Business in 2014 and INFORMS Data Mining contest in 2008.

About Carolina Garcia Rizo:
Dr. Garcia-Rizo is the Chief Business Officer of Just Biotherapeutics, an AI-driven platform that brings Antibody-based molecules faster. Carolina has more than 15 years experience in the biopharma and diagnostics industry and worked at Thermo Fisher Scientific, Roche Molecular, Cepheid, MIT, and Max Planck Institute. Carolina has an MBA from MIT and a Ph.D. in Atomic and Molecular Physics at C.S.I.C., C.N.R.S. and UC Berkeley, where she was Fulbright Scholar.