Back when Ravi Grover and his colleagues at Data Tech Fund were getting off the ground a few years ago, not everyone was excited about their focus on data.

“Some of the feedback we got was that it sounded too boring,” Grover said.

But with the recent rush of generative AI and other AI-related technologies, the conversation around data — and the importance of good data to fuel AI apps and services — has changed.

“Now the struggle is the opposite,” said Grover. “How do we set ourselves apart from all the other funds?”

Data Tech Fund, which launched in 2021, is headquartered in Seattle but its four general partners are based across the world. They are all former Facebook engineering leaders who worked at the social media giant more than a decade ago.

The firm raised $10 million for its first fund and has invested in more than 25 companies. The firm’s investors include leaders at Facebook parent Meta; Apple; Dropbox; Asana; and DocSend.

It focuses on backing companies across various industries that leverage proprietary data and AI.

“We’re looking at whether data has a significant impact on the company, and where we think we may be able to add value,” Grover said.

Being inside of Facebook as it grew exponentially provided the firm’s partners with valuable insights, particularly around “growth data,” Grover said.

“We advise on the underlying data, and also the user growth piece,” he said.

Grover said the firm sees AI as another tool in the broader field of data analytics and data science.

“We’re really focused on real value being created,” he said.

Data Tech Fund hasn’t backed any Seattle-based startups but Grover said he hopes that changes.

“I love the Seattle ecosystem. It’s a good home base,” he said. “But we’re investing everywhere.”


Note: If this article has helped, please feel free to share. If you'd like to participate and post an article, please send your submissions to info@certificationpoint.org


—————————————---
MARKETING & PROMOTION
—————————————---

Check Out Our Video!
A Smarter Way To Collaborate: https://m.youtube.com/watch?v=hyRxJvIXNR0

Register @ CertificationPoint!
—————————————
https://www.certificationpoint.org/member/index.php?command=signup_page

Find Out More About Student Freelance Work EXperience Builders
——————————————————————————--------
http://www.certificationpoint.org/student freelance.php

Take An Exam Today @ CertificationPoint
——————————--------------------------
http://certificationpoint.net/register.php

APPRENTICESHIPS @ CERTIFICATIONPOINT
——————————-----------------------------------
http://www.certificationpoint.org/Apprenticeship.php

INVESTING IN CERTIFICATIONPOINT
——————————-----------------------
http://www.certificationpoint.org/invest.php

SOCIAL MEDIA
———————
Find us on Twitter: https://twitter.com/@certpointorg
Find us on Facebook: https://www.facebook.com/CertificationPoint
Find us on Instagram: https://www.instagram.com/certificationpoint/
Find us on Tumblr: https://www.tumblr.com/blog/certificationpoint
Find us on LinkedIn: https://www.linkedin.com/in/certification-point-65a1642b
Find us on Pinterest: https://www.pinterest.com/certoken/

Additional Options For SHARING CertificationPoint
——————————————————-------------
https://www.scribd.com/document/696921433/CertificationPoint-Manifesto
https://www.scribd.com/document/696921430/CertificationPoint-Student-Poster
https://www.scribd.com/document/696921429/CertificationPoint-Student-Flyer
https://www.scribd.com/document/696921428/CertificationPoint-Inc-Course-Catalog-2024
https://www.scribd.com/document/696921427/CertificationPoint-Magazine