Smith Point Capital, LLC

Congratulations to Elliot Shmukler and Jeremy Stanley and the entire Anomalo team on successfully closing their $10M Series B extension round. Maximizing the quality of data in the enterprise has become mission-critical and an important area of investment for Fortune 500 executives, and we are proud to lead their Series B extension as they emerge as the leading platform in this space. Read about the news here: https://lnkd.in/gb94h6aQ

Last week, Smith Point Capital held its inaugural Annual General Meeting, where we hosted our incredible LPs, portfolio companies, and special guest speakers in Boston, MA. The conversations led by Virtualitics, AssemblyAI, Prophecy, Neuron7.ai, ZEDEDA collectively demonstrated how the future of the intelligent enterprise will be underpinned by the convergence of mission-critical AI, applications, data, and edge technologies. Our guest speakers Doris Kearns Goodwin, Paul Daugherty from Accenture, and Ramayya Krishnan from Carnegie Mellon University inspired us with their perspectives on innovation across technology and government off the back of a pivotal election week. Our AGM was an incredible reminder of the importance of connecting, learning, and pushing the boundaries of what’s possible. Thank you to our speakers, our LPs, and each of our exceptional portfolio companies for making our first AGM one we will never forget, and thank you to our team who worked so hard to bring it to life. Keith Block John Cummings Burke Norton Andrew Schmitt Brooke Kiley Slattery Chris Lytle Kari Owens Karen A. Tsao Lorenzo Salazar Katie Rodday

Congratulations to Michael Amori and the Virtualitics team on its recent USAF SBIR III contract!?Applications play a mission-critical role in ensuring operational and mission readiness — a strategic imperative across the entire Department of Defense. Virtualitics’ momentum across the sector is set to unlock an exciting new chapter led by AI and data-driven solutions.

Congratulations to Neuron7.ai on its $44M Series B round! We believe that Neuron7 represents the next great leap forward for the service industry and are excited to partner with Niken Patel and his team on its next chapter of growth.

Congratulations to Dylan Fox and the entire team at AssemblyAI on the launch of?Universal-1, the company's most powerful and accurate Speech AI model trained on 12.5M hours of multilingual audio data.? AssemblyAI?continues to raise the bar as the industry-leading Speech AI provider, and we are delighted to partner with them as they enable organizations to unlock the extraordinary value of voice data in ways that were previously impossible. https://lnkd.in/e5inQ-x9

Smith Point Capital is proud to partner with ZEDEDA and to lead its Series C financing round.?Said Ouissal and team have a bold vision to solve workload management challenges at scale outside of traditional data center environments and the Company has achieved significant customer success at the edge.?ZEDEDA’s platform enables companies across multiple industries to make use of the massive volume of historically unused data generated at the edge driving enhanced visibility, real-time processing, and automated decision-making.? ? Congrats to Said and the entire team for creating a category leader in edge compute and raising $72 million to power the next generation of AI applications at the edge.?Thank you for your partnership and including us in your journey! https://lnkd.in/gpbqH-2q?

Smith Point Capital is excited to announce our investment in AssemblyAI, which is enabling the creation of an entirely new class of AI applications leveraging voice data.? We’re delighted to support the company’s ambitious vision — to create superhuman Speech AI models and unlock new opportunities across industries.? Congratulations to Dylan Fox and AssemblyAI’s visionary team who are dedicated to pushing the boundaries of Speech AI technology on the company’s successful Series C funding. Our participation in this financing, alongside leading investors like Accel, underscores our commitment to supporting groundbreaking advancements in the AI landscape, including revolutionizing Speech AI. We are honored to be part of AssemblyAI's journey as they drive incredible innovation and shape the future of voice-powered AI applications.? We look forward to collaborating closely with AssemblyAI, and witnessing the transformative impact of Speech AI across industries. https://lnkd.in/dMibmDJ3 Keith Block, Burke Norton, Chris Lytle, John Cummings, Lorenzo Salazar, Steve Loughlin #smithpointcapital #assemblyai #speechai #seriescfunding