Venture capital firm Clear Ventures has hired Vijay Reddy, previously a US-based partner at Intel Capital, the corporate venturing arm of chipmaker Intel.
The move comes after nearly eight years for Reddy at Intel Capital, where he concentrated on artificial intelligence (AI) and deep technology developers. His investments included four unicorns – companies valued at $1bn or above – and two exits through initial public offerings.
Reddy sat on the boards of Intel Capital portfolio companies including SambaNova, DataRobot, Lilt, Hypersonix and FogHorn, in addition to multiple startups in stealth mode. He will have a similar role at Clear Ventures, where he will help identify and back early-stage AI and deeptech deals.
Intel Capital and Clear Ventures had previously co-invested in deals including rounds for e-commerce personalisation technology developer Reflektion and Falcon Computing Solutions, a big data optimisation software provider later acquired by computing technology group Xilinx.
Reddy said: “The collaborative and team-oriented approach at Clear empowers me to provide not just financing, but the scaling insights and resources early-stage startups need to reach their full potential.
“I am excited to work with the Clear team to support the efforts of bold IT entrepreneurs as they build tomorrow’s companies of consequence.”
Photo of Vijay Reddy courtesy of Clear Ventures.
