Investing globally in founders who challenge the status quo.
Palo Alto CA
Joined December 2013
- Tweets55
- Following244
- Followers21.6K
- Likes114
Ribbit Capital retweeted
Growing up around my family business taught me that hard work was just a way of life. I've never shied away from a challenge, and it takes real discipline to not only run a bank but also transform the industry at the same time.
Every chapter in my career has prepared me for what we're building at @Lead_Bank. And wow am I proud of what this team is accomplishing on a daily basis for our partners. We've deliberately chosen to be excellent where others have been satisfied with just good enough.
Thank you to @PaigeSmithNews and Bloomberg @business for the opportunity to reflect on my journey, all the way back to the boardwalk in Atlantic City.
bloomberg.com/news/features/…
As AI takes on more work in financial services, trust becomes the most important currency.
@neviswealth is building an AI operating system for wealth management, taking over the manual work that consumes advisors’ time so they can focus on delivering better service to their clients.
We’re excited to back @MarkSwan_ , Ivan, and Philipp again. They helped scale Revolut into a brand millions of people rely on, and they’re bringing that same ambition, speed, and customer obsession to Nevis!
We've raised a $70,000,000 Series B, led by @eqtventures, bringing our total funding to $110 million in just two years.
At @neviswealth we believe financial advice will always be human-led. But advisors spend far too much time on administrative work, held back by outdated and fragmented technology.
Nevis brings CRM, meeting intelligence, financial planning and custodial workflows into one AI platform. Our agents execute work end-to-end, enabling advisors to serve more clients, deliver more services and grow faster.
The past 12 months have been extraordinary:
- Revenue has grown more than 25x.
- We've partnered with 10+ leading RIAs, including Focus Financial Partners, IEQ Capital and United Capital.
- Assets on Nevis have grown from $50B to over $700B, adding $50B every month.
- Our AI agents have completed over 100,000 operational tasks.
Advisors using Nevis are already reclaiming up to 10 hours a week and taking 30% more prospect meetings.
Our ambition is to make every financial advisor a super advisor, equipped to serve more clients, deliver more personalized advice and build businesses at an entirely new scale.
This funding will allow us to grow our team, accelerate product development and build new products across the wealth management technology stack.
I'm also excited to welcome two new investors, @CharlesSchwab and Quantum Light. Schwab's strategic investment will deepen our partnership and unlock more AI-powered workflows for the 16,000+ independent RIAs they serve. QuantumLight is the venture capital firm founded by Revolut founder and CEO Nik Storonsky.
Every one of our existing investors, including @sequoia , @ICONIQCapital and @RibbitCapital, has also doubled down.
To our customers, investors and above all our team, thank you for your trust, ambition and relentless execution.
We're building the foundational AI platform for wealth management.
And we're just getting started.
Read more here: neviswealth.com/blog/nevis-r…
Ribbit Capital retweeted
Hear from our Co-Founder, @mcagney, about what to expect from the Navra app.
A familiar, easy-to-use experience, supported by an AI agent that helps you discover yield opportunities, automate tasks within parameters you control, and even generate end-of-month accounting reports.
Ribbit Capital retweeted
Watch our Co-Founder, @mcagney, introduce Navra on @business for the first time today and discuss where the future of finance is heading.
bloomberg.com/news/videos/20…
Ribbit Capital retweeted
We're excited to announce Navra's successful Series A, led by @RibbitCapital
Thank you to our investors Jump , DCM, DST Global Partners, Faction, Baseline Ventures, DA, Distributed Global, Blockchange, RPM Ventures, Morgan Creek Digital, Figure and others who believe in what we're building. 🧵
Ribbit Capital retweeted
Thrilled to announce Valon’s $150M Series D at $2.3B. Welcome @RibbitCapital to the Valon family and thanks to @a16z and others for the continued support. If you’re energized by solving the hardest problems, moving fast without breaking trust, and finding joy in cracking what others will not touch, come build with us.
Ribbit Capital retweeted
Our first mission, Reason-1, has launched.
This is a huge moment for the Cowboy team as we hope to demonstrate power beaming from orbit, with the first commercial kilowatt-class laser in space.
The team is watching live from San Carlos and Seattle today, after years of hard work to get Reason-1 to this moment.
Ribbit Capital retweeted
Big and very exciting news: @parafinHQ is joining @stripe.
We started Parafin in 2020 because the small businesses that power the economy were the hardest ones to finance. Six years later, with $3B+ funded to 60,000+ SMBs, we're taking the mission to Stripe's scale.
Huge congratulations to our team, investors and supporters. To our customers: nothing changes about our commitment to you. It only gets better from here.
More from me, @vineetgoel92, and the team
Congrats to @itsalfredw, @florian_jue, and the entire @ListenLabs team.
We’ve used Listen Labs across many of our companies, and few products have made a bigger difference at Ribbit. The best teams we know obsess over understanding their customers, and the Listen team built a superpower for doing exactly that. Excited to see them join Salesforce and bring that superpower to more companies.
Listen Labs is joining @Salesforce!
A year and a half ago we launched Listen, an AI platform for understanding customers, and it’s been a crazy ride ever since.
Today, we work with some of the largest companies in the world, including Microsoft, Anthropic, and Sweetgreen.
What started as an AI interviewer is now a full platform for understanding customers. Listen finds the right people, interviews them, analyzes what they say, and even simulates how they'll behave.
Listen’s growth quickly accelerated and while we were raising our next round, we met @Benioff.
Marc is a hero of mine. I've taken countless ideas from Behind the Cloud and watched him framemog every AI CEO on the planet. We're honored to get framemogged next.
With Salesforce, we can bring Listen to every company in the world, much faster.
To our customers, our mission remains the same.I stay CEO, @Florian stays CTO and the same team will keep building the product you rely on, now inside Salesforce AI Labs. Thank you for believing in us early.
To our team, families, and everyone who believed in us before there was much to believe in, thank you.
These years have been the most fun years of my life, and it’s still only just the beginning for Listen.
Now back to work. 🚀
Ribbit Capital retweeted
It’s always impossible… until it is done.
@prlnet
Ribbit Capital retweeted
Crusoe has raised $3.9 billion in Series F, co-led by @Atreidesmgmt, @MubadalaCapital, and @valor Equity Partners.
This capital will help us grow across our AI factories, from large-scale campuses to modular Crusoe Spark units, and continue to innovate with Crusoe Cloud.
The full chain, from electrons to tokens: crusoe.ai/resources/newsroom…
Ribbit Capital retweeted
The Artificial Intelligence Underwriting Company has raised $55M to audit and insure frontier AI models.
Insurance produces audits the public can trust and understand. The mechanism is simple: insurers need audits to price the risk. They pick auditors they believe will help them price the risk most accurately. Insurers then turn the audits into a price signal that cuts through political debates. Insurers are aligned with the public: if they get the audits wrong, they go out of business. That’s different from today, where labs pick their own auditors, creating public distrust.
Insurance only works if we scale up auditing, and we are building the infrastructure to do that. Millions of agents are being deployed; they leave terabytes of traces and will create thousands of incidents across dozens of risk categories. To scale auditing, we need reliable agents to surface evidence traces for human review.
History guides us. Take cars: auto insurers funded crash tests to price risks; crash tests led us to airbags, lowering the risk. Take electricity: home insurers funded lightbulb tests to price fire risks; today, every lightbulb carries a safety mark. Nuclear safety works similarly.
We’ve been learning by doing.. In the last 6 months, we’ve audited and insured frontier agent builders like Cursor, ElevenLabs, Lovable and Harvey. For ElevenLabs to get the world’s first agent insurance coverage, a Lloyd’s of London insurer required quarterly technical audits by an auditor of the insurer’s choice. We’ve built infrastructure for quarterly technical audits of any agent, working alongside firms like Gray Swan (technical evaluations) and Schellman (audit).
In the coming weeks, we’ll share our vision for how an insurance ecosystem can work for the frontier, and open source the world’s first actuarial model for frontier AI catastrophic risk.
We’re hiring across all roles in San Francisco. Come do your life’s work with us.
Rune & Rajiv
Ribbit Capital retweeted
Their startup, Artificial Intelligence Underwriting Company (AIUC) has raised $40 million in a Series A lound led by Ribbit Capital, with participation from First Harmonic.
spr.ly/6013BGRqC5
Ribbit Capital retweeted
The world needs far more software than it can build. Cognition exists to change that.
We’ve just raised over $2B at a $48B valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir.
Since our round in May, run-rate revenue has grown from $492 M to almost $900 M.
Ribbit Capital retweeted
Introducing Castle
A company, today, is an unintentional wrapper of macro events: an airline is an embedded oil trade, a solar developer is a tax-credit bet, and a data center is a wager on permits clearing before a moratorium lands. These exposures are intangible, lack historical data, and, therefore, remain unprotected on corporate balance sheets.
On the other hand, there are players who actively seek this risk. As quantitative traders, we modeled these events, and we craved more avenues to express our opinions and to provide liquidity.
Castle exists to bridge this gap. We leverage markets and models to cover the risks that insurers won’t, enabling businesses to focus solely on their execution.
Read about one of our recent trades, in collaboration with our friends at Susquehanna and @Kalshi , as a CNBC exclusive linked below.
We were quants, engineers, and hedge fund managers. Now, our Mission is to reprice one of the world’s oldest and largest markets.
Find out more about Castle’s Mission below
Here’s why we believe @basepowerco can become the defining power company of this era. Excited to deepen our partnership with @ZachBDell, @JLopas, and the rest of the @basepowerco team!
Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country.
Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the foundation of a modern energy system, and believed we could win the market with vertical integration, technology, and relentless execution (what we now call Base Pace). So we set out to build a network of distributed batteries to deliver affordable, reliable electricity to homeowners and utilities.
While the job is far from finished, the launch of Base Core is the most meaningful step in that plan. We’ve spent the last few years learning hard lessons about building a distributed battery fleet, going from 1 install per day in June of ‘24 to 100 installs per day in June of ‘26. These lessons - how the battery is shipped, installed, used, and monitored - informed the design of Core. Now, Core will be the foundation of the company's next phase of growth.
Base Core is a first-of-its-kind home battery. At ~40 kWh it is 3x the size of most home batteries, providing up to 36 hours of backup for the average home. In the event of multi-day outage, Core is equipped with a (first of its kind) generator port - pull out a small portable generator and charge the battery back up to keep your home running as long as you need. When an outage does happen, the backup is seamless - most members won't even notice the grid went down. It's built to withstand Texas summers, Chicago Winters, and everything in between. And finally, it’s manufactured by our team in Austin, at Base Factory 1, right across the street from our HQ.
This new capital will bring Core to more homes and to accelerate our ambition beyond batteries. The round is co-led by Ribbit, Addition, Valor, and JP Morgan, with participation from new major investors D1, Sands, Coatue, Layer Global, and Energy Impact Partners. All of Base’s major existing investors are re-investing, including Thrive, Altimeter, Lightspeed, a16z, CapitalG, Trust, and more. This brings our valuation to $13B.
As we enter the most important growth period in the history of the electricity industry, our mission has not changed - advance human prosperity by delivering the world's most affordable and reliable electricity. Our strategy has not changed - technology, plus vertical integration, plus relentless execution, leads to a compounding cost advantage. What has changed is the scope of our ambition - this new capital, along with the team and capabilities we've built over the last three years, positions us to build technology across the electric stack, including what it takes to serve surging demand from AI, and to deepen our partnerships with utilities as they work to meet rising demands.
Electricity is the largest and most essential industry in the world, and it does not have a defining technology company. The company that delivers the most affordable, reliable power will be one of the largest and most impactful companies in the world. We intend to build it. If you'd like to join us, reach out.
Onwards.
basepowercompany.com/core.
Ribbit Capital retweeted
Thank you to @WSJ for covering the launch of Base Core and our $1B Series D.
The U.S. is undergoing a foundational shift in energy demand, and traditional power generation can't scale fast enough to meet it. Meeting demand this fast calls for new technology that works alongside the grid and adds capacity where it's needed most.
Base Core does just that: one of the largest home batteries on the market at 39.2 kWh, designed and built by Base in Austin, and engineered for rapid deployment at scale.
This new capital will go toward bringing Core to more homes, expanding nationally, and hiring exceptional talent.
The Series D is led by @RibbitCap, Addition, Valor Equity Partners, and @jpmorgan’s Strategic Investment Group, with participation from @AltimeterCap, D1 Capital Partners, Sands Capital, @coatuemgmt, Layer Global, and @EnergyImpact_ . Base’s major existing investors are re-investing, including @ThriveCapital, @a16z, @lightspeedvp, Trust Ventures, @CapitalG, and more.
basepowercompany.com/core
