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Angel Investor (Group)
maplevc.com

Investments

31

Portfolio Exits

1

Funds

1

About Maple VC

Maple VC is based in San Francisco, CA.

Headquarters Location

San Francisco, California,

United States

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Latest Maple VC News

Maple VC co-leads $4-million seed round for Canadian-led Inference.ai

Feb 16, 2024

Palo Alto-based startup is the latest to receive investment from Maple VC. Share: Inference.ai is the one of the latest Canadian-founded startups to secure an investment from Maple VC. The Palo Alto, California-based startup, founded in 2023, helps companies acquire graphics processing units (GPUs) to support the training and inference of artificial intelligence (AI). The startup’s seed round was co-led by Maple and Cherubic Ventures, with additional participation from Fusion Fund. “We think Inference.ai will be a key player in powering the AI applications of the future.” Andre Charoo, founder and general partner, Maple VC San Francisco-based Maple VC aims to back Canadian entrepreneurs, regardless of their location. The firm recently invested in Dexa, which is also based in the United States but founded by Calgary native Riley Tomasek. Inference.ai was founded by CEO John Yue and CTO Michael Yu, two serial entrepreneurs who previously co-founded and led Toronto-based Bifrost Cloud , which offers a distributed cloud storage solution for businesses. Prior to founding his own startups, Yue worked as a pre-sale engineer for Mavennet and prior to that was a blockchain engineer for Aion, the cryptocurrency of The Open Application Network. He also previously held roles at Merrill Lynch, RLDatix, and the Ontario Teachers’ Pension Plan, according to his LinkedIn. Yu previously worked as a senior software engineer for Toronto-based Horizon Blockchain Games until 2022, prior to which he worked as a consultant for AppCentrica and a software engineer for IBM. “John was ahead of the curve four years ago when he first focused on building a distributed storage business and is perfectly positioned for this moment in time,” Andre Charoo, founder and general partner of Maple VC, said in a statement. “We think Inference.ai will be a key player in powering the AI applications of the future.” Inference.ai is looking to tackle the global GPU scarcity, driven in part by demand from cryptocurrency miners and supply chain disruptions due to the COVID-19 pandemic. These factors have led to a significant shortage of these units in recent years. With the recent explosion of AI, companies’ need for compute capacity is increasing, particularly for inference, which requires running live data through an AI model to make a prediction or solve a task. This is a priority not just for private sector—the Canadian government recently signed an agreement with the United Kingdom to collaborate on increasing AI compute capacity. Inference.ai has created algorithms to align companies’ workloads with available GPU resources in order to streamline the process of selecting and acquiring the necessary infrastructure at a lower cost a compared to other public cloud providers. “We saw this gap in the market and wanted to create a solution for the next phase of the revolution,” Yue said in a statement. “At Inference.ai, we are striving to make GPU services available to the most visionary entrepreneurs creating killer AI applications – at a price that won’t break the bank.” Inference.ai, which plans to use the new seed funding to continue developing its hardware deployment infrastructure, is not the only startup looking to address the GPU shortage. Toronto-based CentML, which raised $37 million CAD led by Google’s AI-focused venture fund last year, seeks to help companies determine what hardware they can use to boost the performance and reduce the cost of their machine learning models. Feature image courtesy Unsplash. Photo by Igor Omilaev. Share:

Maple VC Investments

31 Investments

Maple VC has made 31 investments. Their latest investment was in Dexa AI as part of their Seed VC on February 05, 2024.

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Maple VC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/5/2024

Seed VC

Dexa AI

$6M

Yes

1

1/30/2024

Seed VC

Inference.ai

$4M

Yes

2

4/11/2023

Series B

AutoLeap

$30M

No

4

9/20/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

6/7/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/5/2024

1/30/2024

4/11/2023

9/20/2022

6/7/2022

Round

Seed VC

Seed VC

Series B

Seed VC

Seed VC

Company

Dexa AI

Inference.ai

AutoLeap

Subscribe to see more

Subscribe to see more

Amount

$6M

$4M

$30M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

4

10

10

Maple VC Portfolio Exits

1 Portfolio Exit

Maple VC has 1 portfolio exit. Their latest portfolio exit was Ramper on April 11, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/11/2023

Acquired

$99M

1

Date

4/11/2023

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Maple VC Fund History

1 Fund History

Maple VC has 1 fund, including Maple VC Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/30/2021

Maple VC Fund II

$16.5M

1

Closing Date

11/30/2021

Fund

Maple VC Fund II

Fund Type

Status

Amount

$16.5M

Sources

1

Maple VC Team

1 Team Member

Maple VC has 1 team member, including current Founder, General Partner, Andre Charoo.

Name

Work History

Title

Status

Andre Charoo

Hired, Mantella Venture Partners, Cinemagram, Uber, Color, and Wells Fargo

Founder, General Partner

Current

Name

Andre Charoo

Work History

Hired, Mantella Venture Partners, Cinemagram, Uber, Color, and Wells Fargo

Title

Founder, General Partner

Status

Current

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