Open AI Ensemble AI Announces $3.3M Seed Round, Co-Founders Alex Reneau & Zach Albertson
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Nov 16, 2024 In this engaging discussion, Alex Reneau, CEO of Ensemble AI, and Zach Albertson, its COO, delve into how their company is revolutionizing machine learning. They highlight the transformative power of their Feature Enhancement technology that simplifies data science for all skill levels. The duo shares their journey from academia to industry, the challenges of fundraising, and the importance of building relationships with investors. They also underscore the shift from creating larger models to developing smarter, more efficient AI solutions that prioritize data quality.
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Early Venture Idea
- Zach Albertson and Alex Reneau, co-founders of Ensemble AI, share their journey.
- They initially considered a different venture in demand forecasting but found it too high-friction.
IP Ownership
- Ensure intellectual property ownership is clarified before starting a company, especially if research is involved.
- This prevents future complications with universities or other institutions.
Pre-Seed Fundraising
- Initially, Ensemble AI secured pre-seed funding by leveraging their network and offering a high minimum check size of $100k.
- They targeted investors with a high-risk appetite and trust in their vision.