Together with BootstrapLabs we form a partnership for investments in AI and Energy
On our way shaping the future of energy and beyond, we are laying the foundation of another strategic collaboration today with BootstrapLabs, a leading venture capital firm focused on Applied Artificial Intelligence (AI), for AI and Energy venture investments. With the initial sum of $5million in BootstrapLabs’ Applied AI Funds we will gain access to BootstrapLabs’ decades of AI technology expertise and global community of 40,000 Applied AI experts, entrepreneurs, and developers. Thus, we will tackle the next energy challenges, such as industrial manufacturing sustainability, the management of autonomous electric vehicle fleets, cybersecurity, and smart and connected homes and cities.
“As a venture capital firm focused on Applied AI, we believe that the advances made from deep learning and machine learning algorithms will revolutionize both the demand and supply side of the energy economy. With about 22 million customers and activities in 15 countries, innogy is the perfect partner to help us validate use cases quickly and scale our venture investments globally.”
Nicolai Wadstrom, Founder and CEO of BootstrapLabs
“At the innogy Innovation Hub, we believe that AI will fundamentally change every industry – including energy. Our task is to seek out new business models, form promising partnerships and test new ideas that will shape the energy market of the future. BootstrapLabs is an ideal partner for us due to their focus on Applied Artificial Intelligence and together we are looking forward to co-creating the future of energy.”
Thomas Birr, SVP Innovation & Business Transformation, innogy SE and CEO of the innogy Innovation Hub
In the near future, BootstrapLabs and the innogy Innovation Hub aim to coordinate globally to build the largest artificial intelligence community for energy ecosystems, and provide a combination of capital and support to Applied AI startups that reimagine the future of energy production, distribution and management across decentralized and interconnected energy services for consumers, machines, enterprises, and public sector agencies.
Founded in 2008, BootstrapLabs is a leading Venture Capital firm based in Silicon Valley and focused on Applied Artificial Intelligence. We invest in founders that dream big and are solving today’s hardest problems by applying artificial intelligence to shape a better future for all.
BootstrapLabs works closely with some the world’s most prominent families and their multinational corporations to actively invest in artificial intelligence (AI) and machine learning (ML) startups targeting large global markets including Industrial Manufacturing, Transportation, Logistics, FinTech, Enterprise Productivity, Cybersecurity, and Healthcare.
BootstrapLabs is often the first institutional money and acts as a lead investor in the early stages, with follow-on capital at the growth stages.
Select portfolio companies include AEye, Mendel Health, Qurious, Vidora, Sibly, Myia Labs, Indus.ai, Iunu, SmartEar, Nodle.ai, Roger, Prezi, Pryon, Trusted Insight, and AngelList.
BootstrapLabs leverages its large community of over 40,000 Applied AI experts, entrepreneurs, and developers to support its portfolio companies and investment strategies.