Craft Ventures

Critical 9.9 Linux Bug Exposes Containers, Hosts & Endpoints to Remote Code Execution (RCE) Exploits??? ?? Several critical Linux vulnerabilities have been declared, involving a bug in CUPS, the Common UNIX Printing System. All versions of Red Hat Enterprise Linux (RHEL) are among the Linux distributions affected, but not in default configuration. There are four vulnerabilities that have been identified and allocated the following CVEs – CVE-2024-47076, CVE-2024-47175, CVE-2024-47176 and CVE-2024-47177. It is anticipated that additional CVEs will follow. Read the full Upwind research article below for additional information and recommended remediation. We will update as additional information is released. Up & Upwind ??♂? https://lnkd.in/gyUeXEiH

We're excited to be along for the Supabase journey with Paul Copplestone, Ant Wilson, and the incredible team. Read more about why Michael Robinson & Zao Chen are fired up about Supabase on the Craft blog: https://lnkd.in/gW8jyh_9

?? Featured Investor of September: Jenny Sui, Principal at Craft Ventures From scaling operations at Brex to leading at Craft Ventures, Jenny’s journey in VC is inspiring! A defining moment? “Joining Brex early on fueled my love for startups and led me to venture capital.” On emerging tech: Jenny sees AI continuing to transform the world in the next decade. Read more ?? https://lnkd.in/e8C8umFY

We’re excited to announce our $28.5 million Series A investment in GreenLite! GreenLite is transforming the outdated and cumbersome process of construction permitting and plan review. In a world where opening and running a business is already challenging, the last thing owners need is unnecessary delays due to bureaucracy. We’ve all seen the “Opening Soon” signs linger far too long — GreenLite's mission is to change that. James Gallagher and Benjamin Allen founded GreenLite after experiencing the frustrations of permitting while scaling brick-and-mortar businesses at Gopuff. They saw an opportunity to create a solution that combines software and services to speed up the process and make it more efficient. GreenLite’s platform bridges the gap between developers, contractors, and municipalities, while also offering private plan review to help reduce government backlogs. Companies like Chipotle Mexican Grill, Chick-fil-A Restaurants-fil-A, Driven Brands Inc., and many others are already benefiting from GreenLite's ability to keep projects on time and within budget. From commercial real estate to residential, GreenLite is making construction more efficient. Congrats to the team! More on why we invested here:

We’re teaming up with Women in AI Club at #SFTechWeek for an AI Demo Day. A few of our portfolio companies will be showcasing their innovative tech - you'll hear from: ?? Vanessa Yan on Ise AI, a GenAI assistant for retail brands to create editorial-grade photoshoots in minutes ? Matthew Rastovac on Respell, a no-code agentic AI workflow platform that truly makes magic happen ?? Dana Diefendorf on Glue, the work chat for more focused conversations with your coworkers & AI ?? Saqib Muhammad on Resemble AI, an incredible AI voice generator that also does deepfake detection Join us for an evening of networking with engineers, founders, and investors. https://lu.ma/dk9hh4vo

We’re excited to be investing in Glean’s $260M Series E round, valuing the company at $4.6B. We first met Arvind Jain last year and quickly fell in love with his vision for Glean: to bring work AI to enterprises. Here’s what we find so exciting about what Arvind and the Glean team are building: ??Best-in-class search product — The key to making generative AI work in the enterprise is being able to connect LLMs with an enterprise’s data in a way that’s scalable, secure, and reflects the breadth and depth of a company’s knowledge. Glean gives enterprises the best search experience on the market, using AI to help workers find and retrieve knowledge quickly and at scale. ??Unprecedented customer love — Today, hundreds of companies leverage Glean to power their productivity. We heard from dozens of customers that Glean is a game-changing tool in their stack. We heard over and over that folks couldn’t imagine work without Glean and wanted all information to be “Gleanable.” Enterprises love Glean, and users love Glean. Their astronomical growth is proof of this. ?Work AI roadmap — Glean started off by giving enterprises the best search experience, allowing workers to find and retrieve the knowledge they need to succeed. The evolution beyond search has included an AI chat assistant and a platform to create agents and applications. But the team is just getting started. Today’s product announcement is real-time proof of their product vision. Arvind and his talented team have an ambitious vision for AI in the workplace, and we are excited to be on the journey with Glean.

Our call for 2025 interns for the Craft portfolio is now open! The Craft Ventures talent team is partnering with a number of our portfolio companies to gather applications for sharp, hard-working, ambitious juniors, seniors, and recent post-grads looking for 2025 internships. Fill out the form and if you're a fit for one of our companies' opportunities, we will be in touch: https://lnkd.in/gtVRhDqA

Thank You Everyone For Joining Us At This Years Black Hat 2024 “Lock It Down” Networking Reception and Party at Mandalay Bay 1923 Prohibition Bar and Minus 5 Ice Bar. It was one of the Best Networking Events at Black Hat. We melted the Ice Bar yet again! A Huge Thanks to our Sponsors! Armis - Legato Security - DigiCert - WaveStrong, Inc. - BforeAI - Red Sift - Abusix, Inc. KCPR and Craft Ventures We appreciate your continued support. Here is a nice video we created with Photos from the Party! Hope you all enjoy. Please feel free to like and share! If you see yourself in one of the pictures and would like a copy let me know. We are already planning for the 2025 Event! #BlackHat2024 #Cybersecurity #CISO #Executive #CISONetwork #CxoInsyte #BestParty

What a great way to kickoff #BlackHat2024. Craft Ventures traveled in style with a group of incredible #CISOs, plus Snehal Antani from Horizon3.ai & Amiram Shachar from Upwind Security.

Congratulations to Horizon3.ai, Peregrine and Cortex for being named to Forbes Next Billion Dollar Startups 2024! Peregrine partners with public safety agencies, empowering them with the data to keep their communities safe. Horizon3.ai allows enterprises to continuously assess the security posture of their business across many attack surfaces with their innovative NodeZero technology. And Cortex helps engineering teams build better software at scale with its single-pane-of-glass developer portal. https://lnkd.in/eADCXisD