The Capital Source for AI Companies

AI Capital is an innovative firm making late seed to growth stage venture and private equity investments in companies spanning the AI landscape.  Investment opportunities include business applications utilizing AI tools as well as select AI core technologies.

Powered by focus, experience, and dynamic partners

 

FOCUS

 

AI Capital‘s focus is companies who can appropriately leverage the application of AI tools in a practical business platform to create uncommon results. AI Capital also invests in core AI technologies on a select basis.

 

EXPERIENCE

The principals of AI Capital bring expansive multidisciplinary experiences that allow for a broad view of potential investments from a business case and technology basis.

 

TEAM

Our team has the investment banking expertise for deal strategy, deal structure, and proper progression through venture rounds. We also have technology-industry executive and management consulting backgrounds to understand how companies market and deliver their products and how their target customers purchase and use technology across all layers of the technology stack. We are former AI systems project managers, developers, and scientists, so we can understand the product development process and the various technologies at a practical, applied level. 

In preparation for "The Fourth Industrial Revolution"

 

Described as “The Fourth Industrial Revolution” by the World Economic Forum at Davos in 2016, Artificial Intelligence is poised to become the most transformative technology to impact our world in recent history.

While many Venture Capital firms are beginning to invest in AI plays, they lack focus and expertise. AI Capital provides you with focused and experienced exposure to this
fast-growing market.

 

Managing Partners

 

Messrs. Teagarden and Solomon lead the team of Managing Partners, Advisory Partners, Directors, and Advisors with technology executive, management consulting, entrepreneurship and investment banking expertise.

 
 
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NEVILLE TEAGARDEN

Neville is a Managing Partner of AI Capital. He is also a co-founder and former President/COO of a major semantic artificial intelligence company. Prior to his venture and entrepreneurial pursuits, Mr. Teagarden had CIO/CTO roles at three Fortune 500 class companies over a 15-year executive career. Two of these grew from less than $1 billion to greater than $6 billion in revenue during his tenure. Neville also had responsibilities for technology venture transactions and overall M&A diligence and integration. In particular, he was Global CIO of both ProLogis, the largest global industrial REIT, and Navigant International, the second largest travel company behind American Express, following time at Janus Capital Group.

Neville is also an experienced practitioner with over a decade's experience developing enterprise systems across two generations of AI technology spanning multiple industries, including:

• Analytics, Semantics, Robotics, Deep/Machine Learning, and Natural Language
• Financial Services, Consumer Products, Insurance, Energy, Real Estate, Travel, Semiconductors

Neville received his degree from MIT where he was also a researcher in the MIT AI Laboratory. He resides in Parker, Colorado.

 
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RICKY SOLOMON

Ricky is a Managing Partner of AI Capital. Current corporate board member of Ipsidy (OTCBB: IDTY), Carii, Link3D, and former board member of Aspen University (NASDAQ:ASPU) 2014-2018. He has been an extremely active angel and seed investor and sits on advisory boards including Pattern Computer Inc., Aptage, and several others. Through the years, Mr. Solomon has structured many financings, both public and private and across industries.

Ricky is a former Partner and Managing Director of Wechsler & Co., a broker-dealer focused on convertible securities and Portfolio Manager at Paloma Partners, a multi-billion dollar hedge fund, where he ran a convertible arbitrage book as well as a long-short equity book focused on technology stocks. He was also Founding Partner of Amaranth Advisors, a multi-strategy market-neutral hedge fund that grew to nearly $10B in assets and Verition Fund Management, a multi-strategy market-neutral fund. He was also at Tripoint Global Equities.

Ricky received his business degree from the Goizueta School of Business at Emory University and resides in Boulder, Colorado.

 

Advisory Partners

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JOSH SUTTON

Josh is an Advisory Partner of AI Capital and CEO of Agorai. Josh previously served as the former Global Head of the Data and AI Practice for Publicis.Sapient. In this role, he was responsible for strategy and partnerships related to artificial intelligence across all business lines. He also was responsible for launching the capital markets consulting business at Sapient which grew to become a multi-hundred million dollar business unit. Josh was a member of the leadership team responsible for growing the valuation of the overall organization from $50M when he joined to $3.7B upon its sale to Publicis in 2015.

In addition to his corporate roles, Josh also serves on the board of directors for NPower, a New York based non-profit focused on mobilizing the tech community and providing veterans and disadvantaged individuals the access and opportunity to build tech skills and achieve their potential. Josh is a graduate of MIT and resides in New York City.

 
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ZANE HENINGER

Zane is an Advisory Partner at AI Capital. He is a former Vice President at Goldman, Sachs & Co. and Managing Director at Lehman Brothers. Zane’s professional experience includes over twenty-five years in investment banking, private equity and new ventures.  This combination of experiences has put Zane on both sides of negotiations and led to creative transactions. After his career in banking, Zane built a team that created, grew and harvested a portfolio of companies focused on improving access to healthcare.

Zane received his MBA from the Amos Tuck School of Business at Dartmouth College and his undergraduate degree from Utah State University. Zane’s experience includes venture investing, private placements, structuring, recapitalizations, harvests, diligence, fund raising and talent acquisition. He resides in Denver, Colorado.

 
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BRIAN WIXTED

Brian’s professional experience includes over 35 years in finance and operations leadership roles at mid to large financial services and investment management firms. He was the former SVP Finance, Principal Financial Officer & Fund Treasurer at OppenheimerFunds Inc., Chief Operating Officer at Bankers Trust Mutual Fund Services Group, and Chief Financial Officer at CS First Boston Investment Management. Mr. Wixted’s depth and experience in finance, operations and administration contributes expertise and provides assistance in the due diligence and analysis of potential portfolio companies. 

Brian received his B.S.B.A. in Accounting from Creighton University and resides in Denver.

 
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Jeff Rose

Mr. Rose is a partner of Origin Rose, a boutique R&D firm focused on AI, machine learning, algorithm design and data science strategy and consulting. Previously, he was Founder and CEO of ThinkTopic, a software consultancy specializing in data science, machine learning, computer vision, distributed systems, and custom application development. Prior to ThinkTopic he was the first research engineer at DeepMind and worked there through DeepMind’s acquisition by Google in 2014 for ~$600M which set off the latest hypergrowth in AI technology. Mr. Rose's expertise is in operating systems, algorithms, neural networks, image processing and information retrieval.

He holds both a B.S. and M.S. in computer science from the University of Colorado, Boulder, and he left a Ph.D. program at La Universitá della Svizzera Italiana and the Vrije Universiteit Amsterdam to join DeepMind. Jeff is an avid traveler and spent nearly a decade living, working, and backpacking across Europe and Asia. Jeff resides in Boulder.

 

Elizabeth Cook

Elizabeth is a startup advisor and investor for AI, tech and biotech companies associated with MIT. She has held roles in venture capital at Castor Ventures, the Alumni Venture Group fund for MIT alumni. Elizabeth was the first hire for MIT.nano, MIT’s largest capital project to date, working with some of the world’s experts on nanotech and AI. Elizabeth has also helped technology experts launch companies from MIT research. 

Elizabeth holds an B.Sc. in Biology from MIT and a M.Phil and PhD Studies in Stem Cell Biology from The University of Cambridge. 

Elizabeth resides in Cambridge, Massachusetts.

 
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Mark Minevich

Mr. Minevich is the principal founder of Going Global Ventures, co-founder and board member of the AI Pioneers Forum, and co-chair of World Artificial Intelligence Organization. Just prior, Mark was a Vice Chair of ventures and external affairs and CTO at Comtrade Group, an international technology conglomerate. Mark was a CTO and Strategy Executive at IBM and has also held other management, technology and strategy roles where he formulated the strategy of the Venture Capital Incubation program. Mark is a strategic adviser to CEO and Chairman of IPsoft Inc. in New York. Mark holds roles as senior fellow of the U.S. Council on Competitiveness in Washington, D.C., and senior adviser on Global Innovation and Technology of the United Nations Office of Project Services (UNOPS). He is an appointed task force member of the B20’s Digital Task Force as an expert in digitization, advanced autonomous systems, and the future of AI. Mark is also chair of Advisory council of Sustainia, a Danish think thank on sustainable development.

Forbes named Mark one of the Leaders to Watch in 2017. He’s received the Albert Einstein Award for Outstanding Achievement and the World Trade Leadership award from the World Trade Centers and the World Trade Center’s Association. Mark served as a venture partner with GVA Capital in Silicon Valley advising Artificial Intelligence startups. Mark served as a venture advisor to Global Emerging Markets, a $3.4 billion alternative investment group that manages a diverse set of investment vehicles. Mark was also involved with Research Board, a Gartner company and international think tank to Chief Information Officers of some of the world's largest corporations including Deutsche Bank, BTM Corporation, Geotek Communications, Qwest Communications, Comcast, and USWEB/CKS.

Mark resides in New York City and travels the globe.

Associates

Boris and Scott head up business development and investor relations with Family Offices, Registered Investment Advisors, Funds of Funds, Pensions, Endowments, Foundations and other institutional investors across North America and Europe.

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BORIS BATCHVAROV

Boris is a Director with AI Capital and is focused on fundraising in Boston, greater New England and Europe. He is an investor, entrepreneur and technology executive with expertise in operations, business development, capital raising and relationship management for investment funds, private equity, and early-stage companies. As a Managing Director for over 10 years with Boston Harbor Angels, he has created value through leveraging key relationships for more than 50 different startups and brings a strong entrepreneurial spirit and proven ability to evaluate investment opportunities. Boris has worked on complex technology implementations for banking and investment management enterprises, applying process improvement and management skills to the startup ecosystem. He holds an MBA from the University of Massachusetts (IT Systems and Finance) and is a visiting graduate student at Harvard University. He earned a B.S. in Economics and Industrial Management from the University of Varna in his native Bulgaria. Boris resides in Boston.

 
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Scott Spangler

Scott brings over twenty one years of comprehensive wealth management and investment experience to the firm. He began his investment career as a stock broker in the late 1990’s and in 2004, he founded Ascent Capital Management, a boutique registered investment advisor (RIA) located in Denver. In 2008, he transitioned his clients to a Denver-based private bank and RIA.

Long-standing relationships with investment managers and family offices has afforded Scott the opportunity to source and deliver alternative investments that are unknown to many investors, including single- and multi-family offices, funds, endowments, and foundations.

Scott is a third-generation native of Colorado with a storied family history dating back to the late 1800’s in the mining towns of Telluride, Leadville, Victor and Goldfield. As a result, he develops business relationships through an extensive network across Colorado and throughout the Rocky Mountain region. He earned a B.B.A. from Colorado Mesa University where he studied economics, finance, and computer science. Scott resides in Denver.

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AI Capital Sponsors 2019 SALT Conference

AI Capital, a Colorado-based venture capital firm focused on artificial intelligence investments, was proud to be a  sponsor of the 10th  anniversary of the SALT Conference  in Las Vegas from May 7-10 at the Bellagio Hotel & Casino.

SALT, founded by Anthony Scaramucchi who is also the founder of SkyBridge Capital, is a global thought leadership forum devoted to unlocking growth opportunities in the fields of finance, economics, entrepreneurship, public policy, technology, and philanthropy.

Established in 2009, SALT’s flagship annual event  SALT Conference Las Vegas  brings together around 2,000 of the world’s foremost investors, policy experts, politicians and business leaders for four days of networking, entertainment and idea sharing. 

This year’s lineup of over 200 SALT Conference speakers included the likes ofNikki Haley, Steve Case, Kara Swisher, Michael Milken, Dr. Benjamin Carson, Valerie Jarrett, Susan Rice, Mark Cuban, Sam Zell, Ret. Gen. David Petraeus, Dr. Nouriel Roubini, Liz Claman, Tim Draper, Rudy Giuliani, James Grant, Jon Najarian, and Anthony Scaramucci. 

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