Clear Ventures announced that Vijay Reddy, former partner at Intel Capital, has joined the Clear team as its new Partner. Having invested in 20 AI and frontier technology startups, including 4 unicorns and 2 IPOs, Reddy has helped his portfolio raise more than $3.5B and achieve aggregate valuations in excess of $20B.
Founded by Chris Rust and Rajeev Madhavan, who collectively founded 5 successful startups and invested in more than 60 companies, including 8 IPOs and 26 acquisitions from 36 exits, Clear focuses on early-stage Enterprise IT companies, thus many are aimed at the convergence of artificial intelligence (AI) and deep domain or functional expertise.
The company refers to this as “AI + X”, or AI applied to a specific industry or function. In 90 percent of its past portfolio companies, a majority of which are led by first time CEO’s, Clear has been a founding investor.
Clear is dedicated to bringing early capital, connections, and company-building insights to startups that are focused on creating innovations leveraging AI and machine learning (ML) solutions to the world’s largest industries. With an investment philosophy that is intrinsically aligned with this approach, Reddy will allow Clear to broaden its hyper-focus on investing in early-stage AI and disruptive emerging technology companies that help businesses win.