Point72 Ventures

We're proud to announce our lead investment in adonis alongside Kin Ventures. Adonis is a revenue intelligence and automation platform for healthcare, designed to give providers the ability to collect revenue more seamlessly and efficiently. On a per capita basis, the US far outspends other developed nations on healthcare, but outcomes have not kept pace. Administrative costs are the largest contributor to this discrepancy – the US spent ~$925 per capita on healthcare admin costs in 2021, 75%+ higher than the next highest country (Switzerland) and more than Germany, France, the UK, Spain, and Italy combined. This amounts to over $300B of spend each year in the US that adds nothing to the quality of healthcare delivery but nonetheless drives significantly higher costs of care for patients and consumer. Adonis was created to address this very problem – helping streamline medical billing processes with the goal of maximizing revenue outcomes and ultimately enabling healthcare providers to deliver the highest form of clinical care. Read more here: https://lnkd.in/e9_4ZuUN

Point72 Ventures Partner Tara Stokes shared her thoughts on how startups can navigate the challenges and opportunities presented by Generative AI during a panel titled 'Competing in the GenAI era' at the Collision conference in Toronto last week.

Do traditional payments disadvantage freelancers? Could crypto or stablecoins help them overcome slow payments, high fees, and currency volatility? Our portfolio company Zero Hash commissioned a study that discovered that 93% of freelancers express interest in receiving at least a portion of their income in cryptocurrency or stablecoins. Read more here: https://bit.ly/4czGmnb

Our portfolio company Nexusflow recently released a course with Andrew Ng on "Function-calling and data extraction with LLMs." Watch Nexusflow's Co-Founder and CEO Jiantao Jiao and Founding Engineer Venkat Srinivasan discuss how their model NexusRavenV2-13B can be used for function calling tasks even while hosted locally. Learn more about the class here! https://bit.ly/4bjTHPs

Welcome to the Point72 Ventures portfolio, Apex - Spacecraft Manufacturing! The company announced a new capital raise today, and we are proud to be an investor. Apex is building satellite buses to allow customers to get to space faster, without the need for a bespoke bus for every launch. Read more here: https://lnkd.in/eGVV3aUC

We're excited to announce our investment in Brightwave. Brightwave is building an AI research assistant aiming to generate trustworthy, insightful financial analysis on any subject. Read more here: https://lnkd.in/eP9KThSY

Today, our portfolio company Unbabel announced the release of TowerLLM, a multilingual large language model for translation. In addition to translations, Unbabel's model is designed to perform source correction that eliminates textual errors in grammar and spelling pre-translation, identifies and enforces named entities to localize currency, weights, locations, brands, etc., as well as automatically carries out post-editing to intelligently improve machine translation. Congratulations to the team! Read more here: https://lnkd.in/giRf3HTM

Congratulations to Tektonic AI for their Seed round announcement and stepping out of stealth. We're thrilled to be a co-lead investor. Tektonic AI is creating GenAI agents to tackle "digital molasses", back-office work that slows down businesses by dragging on both the top and bottom lines and reducing employee satisfaction. Read more here: https://lnkd.in/ed_rrh6U

Last month, Tripp Shriner, Managing Partner at Point72 Private Investments, took the stage at the Finovate Spring Conference in San Francisco. He contributed his insights on a panel discussion titled "From Competition To Collaboration & Co-Creation - Why Financial Institutions Need To Build Strategic Partnerships. Where Are The Opportunities & What Are The Hurdles To Overcome?"

This summer, we will launch our Point72 Ventures newsletter packed with firm updates and insights from the industry. Sign up here to stay up to date: https://lnkd.in/eW-z4sXt