Sierra Ventures June 2020 Update

Sierra Ventures 2020 Update
Sierra Ventures
Hello,
 
The past few weeks and months have been challenging for our country and the world.
We have yet to publish a newsletter this year highlighting the entrepreneurs we have invested in and the ongoing activities within our CXO Network but wanted to share this progress now.
For the latest Sierra Ventures news follow us on Twitter or LinkedIn.
To see thoughts on our investing outlook during COVID-19 please read our blog post. Also, please see our blog post titled We Will Do Better to learn about our support of the black community and our action plan.
 
Best Regards,
Ben, Jim, Mark, and Tim
NEW INVESTMENTS IN 2020
QuillBot, an AI full-sentence thesaurus to make writing painless (think Grammarly for full sentences), raised a $4.25M Seed Round led by Sierra Ventures with GSV Ventures participating.
Outcomes4Me, a company helping cancer patients personally navigate their care by providing clear, scientific, and medical resources and information all in one place for free, raised a Seed Round led by Asset Management Ventures with Sierra Ventures participating.
Enable, a company that makes software to solve the complex problems faced by distributors, retailers and suppliers in tracking discount and rebate programs, raised a $13M Series A led by Menlo Ventures with Sierra Venture participating.
Modulate, a company that uses machine learning to power the world's first real-time voice skins, initially for gaming, raised a $4M Seed Round led by 2Enable Partners with Sierra Ventures, Third Kind Venture Capital, and Hyperplane Venture Capital participating.
EverestLabs, a robotics company advancing waste management recycling through AI, sensors, and computer vision, raised a $3.5M Seed Round led by Xplorer Capital with Sierra Ventures and Morado Venture Partners participating.
Invisible AI, a visual intelligence platform building the next generation of computer vision solutions for manufacturing, raised a $3.6M Seed Round led by 8VC with Sierra Ventures, Slow Ventures, iRobot, and K9 Ventures participating.
Lemonaid Health, a fully integrated telemedicine platform with an online pharmacy back-end, raised a confidential funding round with Sierra Ventures participating.
PORTFOLIO NEWS
Polymer Search collaborates with Layoffs.fyi to help companies find talent out of work due to COVID-19. Check out the live list of over 10K startup employees with the ability to filter by location, role, previous company, and more.
Movandi Co-Founder Reza Rofougaran receives The Ellis Island Medal Of Honor for his contribution in transforming the communications industry.
Phenom People launches HelpOneBillion to help give hope and jobs to the COVID-19 unemployed.
CXO Advisory Board
 
The 15th Annual Sierra Ventures CXO Summit will be held virtually on Thursday, October 22nd, 2020.
 
Four CXO Advisory Board members from CPG, Healthcare, Technology, and Financial Services shared their thoughts on "The Road Ahead" during our Q2 CXO Call. Check out the recap from our Roundtable.
 
A warm welcome to the new CXOs who joined the Advisory Board from Dick's Sporting Goods, JPMorgan Chase, Marriott, Memorial Sloan Kettering, NSF International, Protective Life, Rockwell Automation, ServiceMax, Takeda, and Verizon Business.
 
Learn more about the Sierra Ventures CXO Advisory Board.
TEAM UPDATES
Vignesh Ravikumar
Vignesh Ravikumar was promoted to Principal earlier this year. During his time at the firm, Vignesh has sourced and led various promising deals including Drop, Phenom People, and Reify Health. Vignesh will continue to lead investments and diligence with a focus on Enterprise SaaS, Vertical SaaS, and Digital Health/Healthcare IT sectors. Vignesh has been a valuable member of the Sierra Ventures Investment Team since he joined the firm in 2013 and we look forward to his continued success and growth.
Sri Muppidi
Sri Muppidi is an Investor and joined Sierra after completing her Master's in Engineering from Stanford. She has a background in engineering and journalism. Sri will focus on deal sourcing in areas including enterprise SaaS, AI/ML, and Big Data.
Simon Chan
Simon Chan is an Investing Executive in Residence and brings a strong technical (PhD in AI/ML) and entrepreneurial background (as a founder and investor). Simon will support the team on deal sourcing and technical diligence.
SIERRA INSIGHTS
•   Tim Guleri featured in SEI's white paper about the impact of COVID-19 for startups and investors
•   Mark Fernandes speaks at Collision about the benefits of starting a company in a recession
•   Vignesh Ravikumar featured on Crunchbase talking about the importance of data for health tech companies
•   Brendon Schmidt shares 5 Fundamental Sales Strategies for startups to consider during COVID-19
Sierra Ventures is a Bay Area based early-stage venture capital firm investing globally with a focus on Next Generation Enterprise and Emerging Technologies. With over three decades of experience and over $2 billion of assets under management, Sierra has created a vast network of successful entrepreneurs, Fortune 1000 CXOs, operational executives, and deep domain experts, providing a platform for entrepreneurs around the world.
 
As always, feel free to contact us with any questions or updates.
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