Redpoint

I'm ecstatic to share that Leya has raised a $25m Series A round led by Redpoint, supported by our existing investors Benchmark , Y Combinator, Wayfinder Ventures and the new addition of Alt Capital. We continue building Leya to empower lawyers with trustworthy AI and delightful software. The last months have been nothing short of an explosion in interest, new partnerships, and growth. As we now ramp up our efforts to push technical boundaries and rethink how millions of lawyers get their work done, I remain in awe of the incredible work the team has put in since day one. This is not your traditional start-up journey. Thank you to our trusted partners who believed in us before others did and to the thousands of lawyers across some of the largest and smallest law firms and corporations who use Leya today. Your belief in our vision and commitment to iterating with us has shaped Leya into the platform it has become. Today's news is as much your success as it is ours. Come and do your life's work with us: https://lnkd.in/dXX-DYQD or get in touch with us at https://www.leya.law/

A BIG Congrats to Leya on their $25M Series A - we’re thrilled to be partnering with a truly fantastic team in automating the future of legal work with AI. https://lnkd.in/dHBKgx3S

Thrilled to announce our investment in Leya to transform legal technology with AI. We couldn’t be more excited to partner with Max Junestrand, August Erséus, Sigge Labor and the incredible Leya team as they make lawyers more productive while delivering higher-quality results. Take a look below to learn more about Leya’s super exciting vision:

I'm ecstatic to share that Leya has raised a $25m Series A round led by Redpoint, supported by our existing investors Benchmark , Y Combinator, Wayfinder Ventures and the new addition of Alt Capital. We continue building Leya to empower lawyers with trustworthy AI and delightful software. The last months have been nothing short of an explosion in interest, new partnerships, and growth. As we now ramp up our efforts to push technical boundaries and rethink how millions of lawyers get their work done, I remain in awe of the incredible work the team has put in since day one. This is not your traditional start-up journey. Thank you to our trusted partners who believed in us before others did and to the thousands of lawyers across some of the largest and smallest law firms and corporations who use Leya today. Your belief in our vision and commitment to iterating with us has shaped Leya into the platform it has become. Today's news is as much your success as it is ours. Come and do your life's work with us: https://lnkd.in/dXX-DYQD or get in touch with us at https://www.leya.law/

Leya has raised a $25 million Series A led by Redpoint, with participation from Y Combinator, Benchmark , Alt Capital, and Wayfinder Ventures. Read more here: https://lnkd.in/d8Xm9R2k

We had Cristóbal Valenzuela, the co-founder and CEO of Runway, which builds breathtakingly real AI media tools, including the incredible Gen-3 Alpha video foundation model on Unsupervised Learning. Cris sits at the intersection of technology and creativity, and in 2023 was named to TIME’s 100 Most Influential People in AI. Runway is reported to be in talks to raise capital at a $4B valuation. Some highlights: 🎥 AI creative tooling is going to get a massive upgrade As amazing as AI video tools are right now, they’re soon going to be mind blowing. Think pixel-level precision, real-time generation, customizable controls to achieve a specific look and feel, and multi-modal inputs like using audio files to inspire video generation. Tasks that take droves of highly skilled workers countless hours to manually produce today are going to be available in new models soon. 💻 Building a better UI is a waste of time Cris believe that focusing too much on creating perfect user interfaces is a waste of time and resources. First, it distracts from the real mission of building better and more powerful models that have new capabilities. Second, in the future, interfaces may just dynamically generate themselves depending on the task at hand. You need different controls when creating a 2D animation vs a 3D movie, so why constrain users to a fixed UI, no matter how sophisticated, when AI models will soon be able to generate the controls they need on the fly? 🐝 Creative brainstorming is needed to get the best out of video AI These tools work best when humans push them to their limits. “One and done” prompts, or very fixed, rigid prompts, rarely generate great results. Cris himself was surprised one day when a creative journey he went on led to a “bee cam” — a first person shot zipping through blades of grass, as if a bee had a GoPro strapped to its head! 🔑 A big challenge is deciding what features to build now and what to hold back for improved models As with many technologies, there’s a tension between shipping new features for hungry users, vs. holding them back, knowing future models will handle the tasks in a much more satisfying way. Cris doesn’t want Runway to build tools that will rapidly become obsolete. His North Star is to focus on the direction of progress. That way even tools available today will be able to take advantage of more powerful models as they are released. Flexibility, in other words, is key. This was an awesome conversation that will give you a great sense of where video AI tools are today, and the amazing direction they are rapidly moving toward! Listen to our full episode below: YouTube: https://lnkd.in/gza5qyaq Spotify: https://spoti.fi/3xWOqji Apple: https://apple.co/4cFhxa0

Co-founder and CEO of Ramp Eric Glyman shared his operating playbook for leading one of the fastest-growing startups on his second appearance on the podcast. We also explored the unique ways Ramp leverages AI internally, strategies for startups to build moats in AI, and the concept of self-driving money. We concluded with one of the most profound and thoughtful discussions about hiring, motivations, and success. It was truly enjoyable to sit down with a seasoned portfolio founder—here are some takeaways… → Ramp’s AI Sales Assistant No person has the time to listen to 50,000 sales calls, but a large language model can. Ramp built an internal Slack bot, Toby, in a weekend, allowing SDRs to ask questions like why customers prefer Ramp over competitors or customer opinions on new features. Toby processes this information in seconds, providing summarized insights from hundreds or thousands of transcripts and helping sales reps do their jobs better. → Interviewing for Curiosity Eric prioritizes hiring for curiosity. To analyze this, ask candidates about a particularly successful project, then ask what they might do differently now. The level of detail in their response will reveal their involvement in the project and their ability to reflect on past experiences, indicating whether they constantly seek improvement. The great ones will be able to go through every level of detail with a high level of specificity. Additionally, ask about their favorite books or recent deep dives outside of work to uncover further curiosity. → The Power of Simple Marketing You have about 5 seconds to deliver a message that is simple, direct, and compelling enough to make prospects want to learn more. Startups often face the challenge of overcoming indifference and getting people to care about their products, as potential customers disregard new products unless they capture attention quickly. So, you must deeply understand what drives customers to spend their time and money to create effective messages. → Don’t Overlook Employees’ Long-Term Goals Organizations often overlook understanding their employees' motivations and long-term goals. However, everyone is the hero of their own story, so it's crucial to periodically check in with employees to see if they are progressing toward their professional aspirations. Hold employees accountable for their main tasks but also ensure they work on problems that can help them progress toward their career goals for higher team motivation. Check out the full episode here: https://lnkd.in/d-3JwzJD

Had a blast diving into Amir Dan Rubin's extensive healthcare career on Vital Signs. Amir previously served as the CEO of One Medical and Stanford Health Care, was an EVP at United/Optum and is now the Founding Managing Partner at Healthier Capital. Our conversation spanned payer-provider integrations, lessons learned from leading One Medical, applications of generative AI, and more. Some highlights: ⚡Combining care models We talked a lot about the One Medical/Iora combination. Amir argues that just because two care delivery approaches may occupy the same physical location (e.g., a clinic), that doesn’t mean they necessarily need to conform to the same economic model. For instance, One Medical and Iora were able to combine effectively despite the former being a membership model and the latter being global capitation. Amir emphasizes that much of the overhead resources (e.g., front desk staff, phlebotomy) can be shared across models. ⚡How One Medical uses generative AI to improve efficiency One Medical allows members to message the care team, and then uses NLP to read the message, figure out its content, and triage it to the appropriate team member. Amir is excited about leveraging internal knowledge graphs to get around hallucinations. This approach can point to relevant internal data in helping compose responses, creating more trust and accuracy in the outputs. ⚡Behind the Amazon acquisition One Medical was interested in expanding its direct to consumer offering. However, they recognized that customer acquisition was costly, which is why partnering with Amazon Prime’s existing membership base made sense for them. Amir explains how at their core, both Amazon and One Medical are all about using technology and logistics to create an excellent customer experience. An awesome conversation ranging from health system innovation to startup strategy to health tech investing! Listen to our full episode below: Spotify: https://spoti.fi/3Wrbnol Apple: https://apple.co/3XWOomb

Thank you, InfraRed Summit 2024! Here are some highlights from an incredible day. Shout out to… • The many founders and tech leaders who made the event unforgettable • Matthew Prince (Co-Founder & CEO, Cloudflare) and Thomas Kurian(CEO, Google Cloud) for insightful fireside chats • Matt Schulman (CEO, Pave) and Atli Thorkelsson for discussing the Redpoint Radar Talent Report • Sai Senthilkumar and Patrick Chase for presenting the InfraRed Report on the state of cloud infrastructure • Finally… a huge thank you to Nasdaq and all of our sponsors: J.P. Morgan Morgan, Alliant Insurance Services, & Cooley LLP. 

InfraRed Summit 2024 was a day to remember! Engaging fireside chats, enlightening presentations, and valuable CXO matchmaking made it truly special. Excited to do it all again next year!