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Dave Anderson, founding general partner at Beat Ventures, discusses his approach to investing in tech startups targeting overlooked legacy industries. He highlights the role of AI in revolutionizing these industries, giving examples of predictive AI application in meat processing and generative AI in finance. Dave stresses the importance of building Silicon Valley networks for funding and hiring while maintaining close customer relationships for execution. Drawing from his unconventional journey into venture capital, he calls for more diversity in the industry to open up opportunities for both founders and investors.In this episode, you'll learn:[04:40] Challenges legacy industries face in adopting new technology[09:15] Beat Ventures' focus on niche markets with high growth potential[14:22] The importance of networking in Silicon Valley and proximity to customers[19:08] How democratized technology is fostering diverse founders and investors[21:47] Notable AI innovations transforming legacy industriesThe non-profit organization Dave is passionate about: San Francisco School BoardAbout Dave AndersonDave Anderson is a Founding Partner and General Partner at Beat Ventures. Dave previously served as an Associate at Toyota AI Ventures. Prior to that, he co-founded Bamboo Detroit, the city's first and largest co-working space for entrepreneurs, and was the director of venture services at NextEnergy, an early-stage technology incubator. An electrical engineer with experience in advanced battery systems, Dave worked with Bosch Battery Systems and General Dynamics Land Systems. He's recognized as one of Crain Detroit Business's 20 in their 20s and featured by Huffington Post and ABC's 20/20. He holds an electrical engineering degree from the University of Michigan and an MBA from Harvard Business School, where he helped launch HBS Accelerate.About Beat VenturesBeat Ventures is a San Francisco-based VC firm investing in AI-driven companies that enhance human performance in overlooked legacy industries. Focused on pre-seed and seed stages, Beat Ventures supports startups using applied AI to complement human ingenuity, rather than replace it. The firm believes the future's most impactful companies will blend technology and human creativity to advance business and society. Its portfolio includes Volur, Stack AI, Truewind, Bitpart AI, Treehouse, Fishtail, Theo AI, Bolo AI, Poka Labs, Safe, Dropverse, and Clockwork.Subscribe to our podcast and stay tuned for our next episode.
Toyota AI Ventures, Toyota's standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The fund is commemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality via two early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund.Â
Toyota AI Ventures, Toyota's standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The fund is commemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality via two early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund.
Today’s guest is Jim Adler Founder and Managing Director of Toyota AI Ventures, a standalone early-stage venture capital fund that invests in startups working on A.I., robotics, mobility, and more. We start the conversation with Jim describing what Toyota AI Ventures does and what its mission is. From we get into how they help startups take their idea to scale when to introduce processes and how to find a balance that allows creativity and growth. Jim shares how Toyota AI Ventures bridges the gap between global enterprise and startup, which is an important step. If an investor is too involved it can stifle innovation that happens early, but if they are not involved enough the startup could end up lacking the ability to recruit, build company culture, or find clients that see the value in their idea. Next Jim shares the success story of Joby Aviation, his first meeting in a canyon to see their air taxi in flight, going to bat for them, and their goal of saving one billion people an hour each day! We wrap up discussing the qualities Jim looks for in a startup, separating signal from noise, and how to take advantage of the hype cycle! If you have a startup and are seeking knowledge on how to attract investors this is a must-listen episode for you! Three Key Takeaways: It is important to build thought leadership processes around the areas you are weak in, not just your strengths. When working with a startup your thought leadership should add value to the areas they need help with but not overshadow their creative energy. All leaders should be thought leaders. Thought Leadership is a team sport.
James Gowers, Vice President of Strategy & Business Development, Perceptive Automata joins Grayson Brulte on The Road To Autonomy Podcast to discuss developing human intuition for autonomous vehicles.The conversation begins with James talking about leading the Harvard Business School soccer team to two National Championships and what he learned about teamwork as an Army Ranger in the German Federal Armed Forces.Being part of a team, being a leader does not mean that you are autocratic. The more important way to lead is by influencing. Being a solid part of the team, carrying your weight, and leading by example. – James GowersWith a clear understanding of the rigors of leadership and a background in business from the Harvard Business School, Grayson asks James how he first joined the autonomous vehicle industry.James shares a wonderful story of how a friendship with Mark Wheeler, Co-Founder & CTO of DeepMap led to him joining the industry. After a successful run at DeepMap, James joined Perceptive Automata to help them successfully raise their Series A round.Getting from Series A to Series B is hard work. – James GowersPerceptive Automata is working on developing human-like intuition for autonomous vehicles as driving is inherently a social activity. James goes onto explain how Perceptive Automata is developing machine-learning models that can glance at a human and make powerful predictions on their intent to cross the road.Grayson asks James if the machine-learning models can learn situational awareness. For example, can the models learn if an individual is walking, wearing headphones to staring at their phones, and generally not paying attention to the surroundings? Yes. James explains how the models capture behavior.Perceptive Automata's approach to situational awareness caught the attention of Jim Adler, Founding Managing Director of Toyota AI Ventures which invested in the company's Series A $16m round.Along with the investment, Jim wrote a Medium blog post titled: “Predicting the World Around Autonomous Vehicles: Our Investment in Perceptive Automata” about “theory of mind” and why Toyota AI Ventures invested in Perceptive Automata.In the Medium blog post, Jim wrote the following:As I've said before, cars are “social.” They exist alongside other human-operated vehicles, cyclists, and pedestrians. When we're behind the wheel, we constantly survey the roads looking for clues to help predict what other people will do. Will that teenage skateboarder jaywalk? Will the minivan driver speed up as I try to make an unprotected left-hand turn? Who goes first at a four-way stop if we all arrive at the same time?People use a “theory of mind” to face those kind of split-second decisions all of the time. However, what comes relatively easily to us humans is incredibly difficult for autonomous vehicles. To improve safety for passengers and pedestrians alike, it is so important to have an intuitive self-driving system that is able to recognize, understand, and predict human behavior.– Jim Adler, Founding Managing Director of Toyota AI VenturesJim's Medium blog post summed up Perceptive Automata's approach to situational awareness brilliantly. This approach is critical for autonomous vehicles which are deployed in dense urban environments.Grayson and James go onto discuss prediction models and planning for scenarios such as a baseball game a European football game getting out. Creating a situation where large groups of individuals are pouring out on the sidewalks and the roadway.Autonomous vehicles have to learn and be prepared for all situations. From large groups of individuals at sporting events to first-responder vehicles traveling down the road at high-speeds. Driving is unpredictable and human intuition is a critical part of driving safely.Perceptive Automata is developing human intuition for autonomous vehicles to make the roads safer for both passengers in autonomous vehicles and pedestrians walking or riding bicycles.Humans have this unique ability to glance at pedestrians and make, immediate, effortless predictions about someone's intent based on social cues, body language, etc. – James GowersThis is exactly what Perceptive Automata is developing for autonomous vehicles. Grayson asks James if this technology could be deployed into the security industry to spot potential bad actors through behavior.James explains how this technology can be applied to the security industry and the potential applications. Not only can Perceptive Automata's technology be applied for security applications, but it can also be used in the retail business to predict intent. Will the consumer purchase this product? Do they like the color of the product? The potential applications for predicting human intuition are endless.Wrapping up the conversation, Grayson and James discuss the current state of the autonomous vehicle industry and what happens if and when Apple unveils an electric autonomous vehicle with an AR (Augmented Reality) app store.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode we are talking with Jim Adler who is the Founding Managing Director of Toyota's early stage fund, Toyota AI Ventures. It was great having Jim on the show as we previously covered a lot of topics on the application of AI within mobility. Together with Jim we talked about the VC industry and the idea behind Toyota AI Ventures. We are covering topics around corporate innovation tools and corporate venture capital. Tune in and subscribe to the SPEED CHANGE REPEAT Podcast for a new episode every week!
In Episode 21, we had Carlo Cruz breakdown the issue of data rights and explain why our data is important. Carlo is a portfolio engagement manager at Toyota AI Ventures, responsible for supporting startups and assisting with the development of programs that add value to the TAIV portfolio. Support this podcast
Carlo Cruz is a portfolio engagement manager at Toyota AI Ventures, responsible for supporting startups and assisting with the development of programs that add value to the TAIV portfolio. Prior to joining Toyota AI Ventures, Carlo led the Future Factory team at Toyota Motor North America's (TMNA) TILT Lab, an internal makerspace that identifies key strategic problems and evaluates emerging technologies in manufacturing. He originally joined TMNA production engineering in 2012 as a paint shop engineer working across various manufacturing centers. Carlo's responsibilities included construction project management and multiple collaborations with early-stage startups and large enterprises to advance the development of future factories. Carlo received a bachelor's degree in chemical engineering and an MBA from the University of Cincinnati, where he was also a Darwin T. Turner diversity scholar. If you'd like to connect with Carlo, feel free to reach out via LinkedIn: https://www.linkedin.com/in/cruzco/ • Contact Info • • Instagram: https://instagram.com/inthehilla/ • Twitter: https://twitter.com/Inthehilla/ • Facebook: https://facebook.com/InTheHilla • LinkedIn: https://linkedin.com/company/inthehilla • All inquiries/questions: ahmed@thehilla.com Support this podcast
Self-driving cars must get better at understanding people’s intentions by “reading” the body language of the humans around them, so that they can co-exist more safely with us. In this amazing discussion with the Co-founder of Perceptive Automata, we will learn how a branch of cognitive science known as psychophysics is being used to teach cars about the intentions of the humans around them so that they can be better and safer drivers. To see or hear more episodes:Sign up on our site at https://productiveai.com/signup/ to be notified of future episodes.Subscribe on Youtube.Subscribe to the Productive AI podcast at Apple, Google, Spotify, ListenNotes, or Radio.com. -- TIMING --00:00 Introduction01:12 Sam’s career05:04 Perceptive Au-TAW-mah-ta, not Au-to-MAH-ta05:52 How are you teaching cars to understand human intention?11:25 Structure of the autonomous vehicle market and the 5 Levels of autonomous driving17:06 The Autonomous Vehicle technology stack23:25 Use case discussion – how does an intuitive car understand multiple scenarios?31:25 Cars will have general purpose compute platforms33:49 Where does Tesla fit in here?38:14 Typical customers for Perceptive Automata’s tools41:09 Can intuition extend to other non-vehicle environments such as hospitality, delivery robots, and construction42:34 What about the military applications?46:52 Summary of market and global need48:44 How much of this is Edge AI vs. being processed in the datacenter or cloud?49:53 What does it take to train AI to understand human body language?53:00 Career advice for people interested in getting into the autonomous vehicle market57:48 How to contact Perceptive Automata and Sam59:14 Close -- LINKS --https://www.perceptiveautomata.com https://twitter.com/sam_e_anthony https://www.linkedin.com/in/sam-anthony-19a65917/If you found this podcast episode helpful, don’t forget to subscribe at https://productiveai.com/signup/DISCLOSURE: To support the channel, we use referral links wherever possible, which means if you click one of the links in this video or description and make a purchase, we may receive a small commission or other compensation.
Jim Adler is Founding Manager Director at Toyota AI Ventures. Music credit: Slow Burn Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License
Kelly Kay is the Executive Vice President, Chief Financial Officer, and Chief Diversity and Inclusion Officer at the Toyota Research Institute (TRI). In her current role she is responsible for overall business operations, technology delivery and continuing to build a more diverse and inclusive environment at TRI. Kelly joined TRI in February 2017 and formerly served as the Chief Operating Officer. Prior to TRI, Kelly served as the Vice President of Business Operations at Lyft, Inc., where she built and led the teams responsible for Regulatory Compliance, Audit & Reporting, Payments & Fraud, and Airport Operations. She also served as the Chief Operating Officer and President of YapStone, Inc., a leading electronic payments company in the real estate property space. Before serving as an operational leader, Kelly was an attorney for more than 19 years and held roles as a General Counsel, Associate General Counsel & Head of Compliance, as well as a leader in public policy and government relations at companies such as MasterCard, eBay, PayPal and J.P. Morgan (previously Banc One). Kelly has spent her career designing solutions to bring traditional, highly regulated products and services into the digital age in a compliant and operationally friendly manner. Her key areas of focus include ride-sharing, autonomous technologies regulation, online payments, online financial services, privacy, anti-money laundering, and online auctions. Kelly is an internal Board member of Toyota AI Ventures, Toyota’s corporate venture capital group. with over $200M under management. She attended The Ohio State University and Capital University Law School where she graduated Summa Cum Laude. In this episode of Fairygodboss Radio, Kelly Kay talks about her career journey and why you should never say no to opportunity. [Recorded on August 31, 2020]
Paolo Pirjanian is the founder and CEO of Embodied, Inc. Founded in 2016, Embodied is an industry-leading robotics and AI company creating state-of-the-art companion robots to revolutionize human-centric care and wellness by enhancing quality of life for individuals and families. They recently developed Moxie, a revolutionary new animate companion for children designed to help promote social, emotional, and cognitive development through play-based learning and captivating content.In this episode, Paolo shares his incredible story of being smuggled out of Iran during the Iranian Revolution in the late 1970s, living as a refugee in Denmark for 15 years and earning his Ph.D. in Robotics, the pressures and challenges he and his family had to deal with as immigrants, falling in love with technology and teaching himself how to code at a young age, where the concept of robotics comes from, starting his first company and selling it to iRobot, being iRobot’s CTO and developing one of the world’s leading technologies for robotic navigation which completely transformed iRobot’s Roomba, the importance of innovating fast, and why he always wanted to be an entrepreneur.He also shares how the idea for Embodied and Moxie came about, how he and his team stay motivated through uncertainty and complexities, the evolution of robotics throughout his career and what the future of the space looks like.Stay tuned towards the end as we get a chance to chat with Moxie (available now for pre-order and shipping in late 2020) LIVE on the show to see what it’s all about!SUBSCRIBE TO OUR NEWSLETTER & STAY UPDATED > http://bit.ly/tfh-newsletterFOLLOW TFH ON INSTAGRAM > http://www.instagram.com/thefounderhourFOLLOW TFH ON TWITTER > http://www.twitter.com/thefounderhourINTERESTED IN BECOMING A SPONSOR? EMAIL US > partnerships@thefounderhour.com
Intuition Robotics, the company best known for its ElliQ robot, a digital home companion for the elderly, today announced that it has raised a $36 million Series B round co-led by SPARX Group and OurCrowd. Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point and Bloomberg Beta also participated in this round. This brings the total funding for the company, which was founded in 2016, to $58 million.
How I Raised It - The podcast where we interview startup founders who raised capital.
Produced by Foundersuite.com, "How I Raised It" goes behind the scenes with startup founders who have raised capital. This episode is with Frank Reig of Revel (www.gorevel.com) a provider of on-demand electric moped rentals. In this episode, Frank talks about how to find identify potential investors in a heavily-funded space, how he got to a term sheet in 6 days with one investor, how he used LinkedIn to build a strategic network and target investor list, and much more. The Company most recently raised a $27.6 million Series A venture capital round led by Ibex Investors. Toyota AI Ventures, Blue Collective, Maniv Mobility also participated. This series is produced by Foundersuite, makers of software to raise capital and manage investor relations. Foundersuite's customers have raised over $2 Billion since 2016. Create a free account at www.foundersuite.com.
Stefan Heck is the cofounder and CEO of Nauto which is an AI technology company on a mission to make driving safer and smarter. Today, the company has raised over $174 million with partners and investors including General Motors, Toyota AI Ventures, BMW iVentures, SoftBank Vision Fund, Greylock Partners, and DNX Ventures at a valuation rumored to be over $1 billion.
Stefan Heck is the cofounder and CEO of Nauto which is an AI technology company on a mission to make driving safer and smarter. Today, the company has raised over $174 million with partners and investors including General Motors, Toyota AI Ventures, BMW iVentures, SoftBank Vision Fund, Greylock Partners, and DNX Ventures at a valuation rumored to be over $1 billion.
On this episode of Shift: The Mobility Podcast, Sharon and Pete talk to Jim Adler from Toyota AI Ventures. They also discuss South by Southwest, Navigant Research’s leaderboard for automated vehicles, the DOT’s response to a GM request and AAA’s study on consumer attitudes toward self-driving cars.
Each year, the tech industry Super Bowl that is the Consumer Electronic Show takes over Las Vegas in a display of enough futuristic innovation, gadgetry and wizardry to blow the circuits and make a believer of even the most resolute luddite. The name “Consumer Electronics Show” feels a little outdated, hinting at the Betamax player that was never hooked up. In reality, the convention feels more and more like it is sponsored by lightworkers from another dimension. Certainly, the ideas that will drive consumer change in the technology sphere are debuted here, and on this show floor what was once a dream begins to become reality. More than 4,400 companies exhibit on the show floor, walked by over 182,000 attendees from 160 countries. From a glass toaster and “egg whisperer” that tells you which eggs are oldest, to digital sleep aids that retrain your brain, and of course to TV’s the size of your garage door, CES delivers astounding gizmos of every size. For Toyota, the mission as CES is a little more serious: Innovations in autonomous driving, alternative fuel cell technologies, plus the range of mobility solutions currently in development give Toyota a strong slate of news on the floor. It’s our chance to offer a glimpse of the technologies that will change society and define the future – and here at Toyota, we like to stay on the cutting edge of this revolution. But it’s not just about the stuff, cool as it is. As Toyota’s Executive Vice President of sales, Bob Carter, said on stage at CES, “even though new technology is important, what matters is how it serves society. And that’s why our global president Akio Toyoda wants our company to transition from an automobile company to a mobility company, pursuing mobility for all.” So today, we’re not just looking at cars – we’re looking at the future of mobility, which in some cases, is actually already here. That’s why we started something called Toyota AI Ventures, which is Toyota's first dedicated venture capital fund. It’s a $100M fund that was founded in July 2017, and it's focused on investing in early-stage companies that are focusing on artificial intelligence, data, and the cloud, as applied to autonomous mobility and robotics. So, we look for entrepreneurs that are bringing disruptive business models and innovative technologies to the marketplace, and give them the resources they need to bring forth the future of mobility. Today’s guests are part of Toyota AI Ventures and join us from the show floor to offer a glimpse of this future: Toyota AI Ventures CEO Jim Adler, Intuition Robotics CEO and co-founder Dor Skuler, and May Mobility CEO and co-founder Ed Olson. We’re also joined by special guest and co-host Austin Evans, a tech influencer who’s been at this longer than the idea of being a tech influencer or YouTuber have existed. Austin posted his first tech video in 2007 and now has over 3.6 million subscribers on YouTube. To kick off our CES special, let’s sit down with Austin to learn more about what his world is like and the trends he’s seen at CES over the past 9 years. So settle in for a trip to CES 2019 – the closest thing on Earth to a rocket to Pluto. Resources: Toyota AI Ventures: https://toyota-ai.ventures/ Intuition Robotics: https://www.intuitionrobotics.com/ May Mobility: https://maymobility.com/
Adapted from #CiscoChat Live. As AI and machine learning rapidly transform how we live and work, many of the companies accelerating this transformation are at a crossroads. Innovations like self-driving cars require auto makers to rethink their data usage and policy. The introduction of new, autonomous vehicles, and the issues this raises, underscores the risk and responsibility that comes with this new technology. So, how are companies navigating this brave new world? What is their approach to data discipline to ensure continued success? Meet one of the real visionaries in this space. Buckle up as Cisco VP and Chief Privacy Officer, Michelle Dennedy, interviews Founding Managing Director at Toyota AI Ventures, Jim Adler. For more on today's topic, visit Trust.Cisco.com
How does a giant company that is perfectly adapted to the traditional auto industry adapt to the new world of mobility technology? Why is Toyota investing in home robotics? How is storm tracking like high-tech venture capital investing? What books inspire technology investors? Jim Adler of Toyota AI Ventures, a venture capital fund that works with the Toyota Research Institute to position Toyota in future technologies, joins The Autonocast to answer these questions and more.
In “How to Make a Million Dollars,” the sixth episode of Season 3 of “Futurismo,” we chat with Jim Adler, managing director of Toyota AI Ventures, the Japanese carmaker’s venture capital arm. He has invested in companies ranging from lidar sensor developers to low-level autonomous shuttle providers. We talk to Adler about how he found his way to venture capital, what a startup needs to do to impress him and why corporate investors — such as himself — can sometimes “smother” startups. Go to your favorite podcast source to hear the full episode or check it out above.
AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion
Companies of all sorts are increasing their investment in AI. Toyota has a wide range of applications of AI, so it’s no surprise that they are interested in helping to spur further growth in the industry by investing in early stage startups that are focused on AI and Machine Learning technology. In this podcast, we interview Jim Adler, Founding Managing Director, of Toyota AI Ventures. Read more ...
Business Radio Special: Host Rob Coneybeer is LIVE from CES 2018 in Las Vegas. Rob talks with Jim Adler, Managing Director and Board Member of Toyota AI Ventures and Vice President at Toyota Research Institute, about Toyota’s corporate venture capital subsidiary and autonomous vehicle development on this special episode of Launch Pad. See acast.com/privacy for privacy and opt-out information.
Editorial: A Look at Unicorns Funds Toyota’s research division, Toyota Research Institute, has launched a dedicated corporate venturing fund called Toyota AI Ventures that will invest in artificial intelligence as well as robotics, autonomous mobility, data and cloud technology. Partech Ventures, a US-headquartered venture firm with a significant presence in Europe,has closed its seventh VC-stage fund, Partech … Continue reading "17 July 2017 – A Look at Unicorns"
- Billions Will Be Wasted on Race for Autonomy- Acura Teams with Penske for IMSA- BMW to Field Own Cars in Formula E- Ford New Sponsor of Woodward Dream Cruise- London’s Black Cabs Go Electric- Takata Airbag Recall Gets Bigger- Toyota Invests More in AI and Robotics- Why the Demon Uses a Supercharger
- Billions Will Be Wasted on Race for Autonomy - Acura Teams with Penske for IMSA - BMW to Field Own Cars in Formula E - Ford New Sponsor of Woodward Dream Cruise - London’s Black Cabs Go Electric - Takata Airbag Recall Gets Bigger - Toyota Invests More in AI and Robotics - Why the Demon Uses a Supercharger