Quansight Initiate will invest in startups that leverage open-source technologies and are active in education, IOT, data-management, data-science, machine-learning and AI.
The fund is targeted to be $20M and it is expected to be funded over the next 9 months.
Bradden Blair, former Professor of Operations and Information Systems, and former Director of the MS in Information Systems and MS in Business Analytics programs at the University of Utah was announced as the fund’s managing partner. Investments already made include Tenavox, Anaconda, AutoAuto, OpenTeams, SaveDay, FairOSS, and Vertalo.
Led by Travis Oliphant, CEO and co-founder, Quansight Futures is an investment firm co-founded by Travis Oliphant, CEO of Quansight LLC and founder of Anaconda. Oliphant has 20 years’ experience in open-source communities having created SciPy, NumPy, and Numba.