Topics
later
AI
Amazon
Image Credits:Myriad Venture Partners / Myriad Venture Partners co-founders, from left, Chris Fisher, Dean Mai and Tim Chiang.
Apps
Biotech & Health
Climate
Image Credits:Myriad Venture Partners / Myriad Venture Partners co-founders, from left, Chris Fisher, Dean Mai and Tim Chiang.
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
certificate
Social
outer space
Startups
TikTok
Transportation
speculation
More from TechCrunch
effect
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Early - stage startups working on artificial intelligence , clean technology and B2B software now have another chunk of Washington to go after .
After play together at Xerox Corp. ’s corporate venture uppercase firm Xerox Ventures , Chris Fisher , Tim Chiang and Dean Mai formMyriad Venture Partners .
They secured $ 100 million in capital commitment for their first fund , which direct $ 200 million in amount , Fisher tell TechCrunch . Fisher is the former elderly frailty chairman and chief scheme officer of Xerox and former founder and managing spouse of Xerox Ventures , a firm started in 2021 .
“ We ’ve had eclectic careers , which is partly belike where our name came from , as well as from Myriad ’s synergistic ecosystem , ” Fisher say . “ The three of us have complementary skills across a lot of unlike areas between operation strategy and speculation investiture , among others . ”
Myriad ’s Fund I currently back 14 companies , include metallic element additive manufacturing companySeurat Technologies , LinkSquares , AnvilogicandMojave . Fisher expect to commit in 25 to 35 companies once the investment trust close .
LinkSquares benefits from the legal tech gold rush with a fresh $ 100 M
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
At a time when the venture securities industry faces significant challenge , including eminent sake rate and down in the mouth company valuations , Fisher believes mature business will either need to innovate or get disrupted by more modern startups . Clean tech continues to be a hot arena . And in the past decennary , the transition to software technology accelerated . This means anyone wanting to stay at the top of the push-down store have to proceed to quicken , he said .
This is something he is already meet happen at troupe through M&A , R&D , expansion and disbursement across AI software , let in ChatGPT .
“ There ’s a circumstances of crosswalk because these organizations postulate to work well for themselves , include their employees ’ and customers ’ experience , ” Fisher enunciate . “ They all want more effective and cost effective fundamental interaction servicing , lower cost and price to fairness . When we think about company ’ transformational journeys and the current speculation market downswing , we are well positioned to participate in this evolution . ”
Myriad also leverages an advisory council that include corporate spouse Xerox and HCLTech . The council will have access code to sight flow and foster the development of unexampled business framework and go - to - market strategies .
Meanwhile , Xerox is also the anchor investor of the new store .
“ We see a real opportunity for Myriad to succeed , ” said Louie Pastor , Xerox ’s chief translation and administrative military officer , in an interview . “ With Xerox Ventures as an interior business firm , the ability to scale was n’t there . Now with an severally run firm , the power to scale is limitless . We ’re very excited about what Myriad can do as it scale and brings on other partners , and also what that means for Xerox as an LP and penis of the consultive council . ”
The world speculation cap market is not done crawfish out yet
