GSVlabs (which stands for stands for Global Silicon Valley), a Redwood City, Calif.-based global innovation platform that accelerates startups and connects corporations to exponential technologies and ideas, completed a $7m Series B financing round.
The round was led by a syndicate of private investors, including partners from HMC Capital, a Latin American asset manager with over $9 billion in assets under management.
Led by newly appointed Chief Executive Officer Nikhil Sinha, joined by Board member Jules Coleman, GSVlabs is a community of entrepreneurs focused on key innovation verticals, including Big Data & Artificial Intelligence, Education Technology (“EdTech”), Financial Technology (“FinTech”), Gaming & Entertainment, the Internet of Things (“IoT”), Digital Health, and others.
The company’s center in Silicon Valley hosts over 200 startups.
Over 25 Fortune 500 corporations – including Cisco, AT&T, Intel, Visa, and IBM – have partnered with GSVlabs to launch new initiatives, identify talent, and attack new markets.
The company recently launched a center in Boston and it operates accelerator programs in Bangalore and Gurgaon (Delhi) in partnership with the Times of India, a large media company in India.
GSVlabs is now targeting an expansion into 40 global innovation hubs over the next five years.