Lightscape Partners retweeted
Today, Long Lake completed our $6.3B acquisition of Amex GBT.
Long Lake acquires and transforms generational businesses with AI across the American services economy.
Amex GBT is the travel partner for 17,500 businesses in 140 countries. Last year, Amex GBT booked 35 million trips for 10 million travelers.
This marks Long Lake’s 40th acquisition, and our family of companies now employs nearly 30,000 people.
We founded Long Lake three years ago with the thesis that AI is going to change every company, but there’s a large overhang between AI capabilities and how most businesses leverage AI tools.
We partner with strong, profitable, and growing businesses to help them deploy AI and improve their customer service.
Our first cohort of companies has doubled their EBITDA in less than two years through topline and productivity growth, all while increasing headcount. (We’re proud to say that we’ve never conducted a layoff.)
We’re excited to share a bit more about what we’ve been up to.
Lightscape Partners retweeted
Riven is partnering with @USARareEarth and @pasqal_quantum to leverage the West’s lead in AI and advanced computing to bring critical industrial capabilities back onshore, fast enough to matter.
USA Rare Earth is partnering with @PasqalQuantum and @rivensystems to explore how quantum machine learning, AI and autonomous experimentation could help advance rare earth separation and strengthen Western value chains.
Learn more: investors.usare.com/news-rel…
#USAR #RareEarths
Lightscape Partners retweeted
Humanoid robotics, physical AI, and a growing fleet already the largest independent one in the U.S. Our Oakland facility is a foothold in the Bay Area's physical AI corridor, and there's much more to come.
Read more: businesswire.com/news/home/2…
Lightscape Partners retweeted
0/ Today @FuseEnergyTech announced FAETON-X hit 1.27×10¹² neutrons in a single shot — the highest yield ever reported by a commercial fusion company, and in a range previously seen only at national labs.
Proud to be pushing the frontier alongside the US national lab community. 🧵 0/4
Lightscape Partners retweeted
Half of venture disappears every summer. These pre-seed funds are still saying yes:
- @HannahGreyVC (Denver, CO)
- @AforeVC (San Francisco, CA)
- @CollideCapital (New York, NY)
- @zachcoelius | Coelius (SF, CA)
- @LightscapeVC (New York, NY)
- @GradientVC (San Francisco, CA)
- @GrooveCap (Minneapolis, MN)
- @CortadoVentures (Oklahoma, OK)
- @LookingGlassCap (New York, NY)
- @1517fund (Telluride, CO)
P.S. While everyone else is on vacation, our new AI data room agent is not. Talk to it and it builds, runs, and audits your data room → @ThePageform
Lightscape Partners retweeted
We're excited to announce Databento's $97 million Series B, led by @NEA, with participation from DRW Venture Capital, @Redpoint Ventures, @Tribecap, and more.
In the last few years, Databento has become the market data provider of choice for many of the world's largest hedge funds, fintechs, and AI labs. If you've ever traded a stock in a mobile app or filled your tank at a gas station, you've almost certainly relied on a product powered by Databento.
Market data is a $50B+ industry that underpins nearly every financial decision on the planet. Programmatic access is becoming the industry default — we believe that three years from now, more finance professionals will know how to use a Databento API than a traditional terminal.
This round takes us one step closer, as we increase our storage footprint to over 100 petabytes and expand across asset classes and geographies.
To our customers and community: Thank you for your enormous support over these past three years! We built this for you, and we can't wait to show you what's next.
Lightscape Partners retweeted
I’m excited to share two key milestones for Parallax Worlds today: a new funding round led by Midas list investors, and an industrial-grade video-to-3D model with an average error of 3mm that needs just an iPhone, all towards a growing vision for robotics simulation that is focused on an abundance of automation in the next decade. We’re hiring for robotics & cloud infrastructure roles, please reach out if our mission resonates! More below & an exclusive from @thecubetv in the thread.
There are two things that state-of-the-art AI can do for robotics: it can allow us to make more intelligent robots, and it can enable us to massively increase the scale & speed of deploying robots in production. Today, I’m grateful to share Parallax’s $4.9M in funding till date towards the latter, led by @pearvc.
Only three metrics really matter when deploying a robot in a facility: cost, throughput, and reliability. Being able to predict, let alone guarantee any of these at an industrial level is a huge challenge for AI-based robots. This creates a conundrum – intelligent robots present the opportunity to automate tasks that could never be automated before and help with near-shoring & labor shortages, yet we will never see them deployed on the factory floor unless we can measure and improve on the above three metrics.
At Parallax, our mission is to help anyone, not just robotics experts, develop, test, and deploy robots at the speed of light. We do this by building photo-realistic simulations of production sites with just an iPhone, and stress-testing robots inside of them to find robot failures before deployment. Our product leverages advanced computer vision methods to perform at industrial requirements – our AI generated models are accurate within 1 cm, with an average error of 3mm. We create meaningful test cases that go beyond naive randomization with AI-agents that run in a full physics-enabled environment.
I’m grateful today to have the support & trust of Mar, legendary investor at Pear & @payamban, a pioneer in the Space industry. I am also excited to welcome to the cap table GS Futures – the VC arm of one of Korea’s largest conglomerates across manufacturing, construction, and retail, @LightscapeVC, @KakaoVentures, @GaingelsVC, Nova Threshold, @Mana_Ventures, and @BoostVC.
Also extremely grateful for the continued support from John & @RTylerCrown at @Unusual_VC who were Day-1 investors in Parallax, @WizLikeWizard at @spacecadet, who has been with us firmly through thick & thin, and @saranormous & @pranavreddy at @conviction (Embed) for helping us maximize our vision for the company. Lastly, a huge shoutout to Monisha & John who were there for our -1 to 0 journey at Stanford, without whom the company may not have even existed.
Proud of our team and all the work we have done. Lots more to do, so now back to work.
