Candou Ventures

Candou Ventures is a venture capital investment firm established in 2015 and located in Palo Alto, California. The firm specializes in early seed round investments, focusing on entrepreneurs with distinctive and defensible business concepts. Candou Ventures is committed to transforming innovative ideas into viable business models, providing support throughout the seed funding process, and assisting in securing additional investment from leading venture capital firms. The firm has a particular interest in sectors such as blockchain, artificial intelligence, software as a service, Internet of Things, and cloud infrastructure.

Faraj Aalaei

Founding General Partner

Shahin Hedayat

Founding General Partner

Laleh Masnavi

Operating Partner

Leela Najafi

Associate

Nader Vasseghi

Venture Partner

15 past transactions

Exostellar

Series A in 2023
Exostellar is a company that specializes in cloud resource management and optimization, helping enterprises reduce their cloud computing expenses. Founded in 2018 and based in Ithaca, New York, Exostellar leverages exclusive patent-pending technologies developed at Cornell University, integrating artificial intelligence and machine learning to enhance its offerings. Its platform includes tools like X-Spot, which dynamically relocates containers between spot and regular instances, and X-Consolidate, which efficiently manages container workloads by consolidating them during low demand and expanding them when necessary. By combining application containers with virtual machines, Exostellar provides a portable architecture that supports live migration of stateful workloads, ultimately improving reliability and performance while driving cost efficiency in cloud computing.

Ninjatech.ai

Seed Round in 2023
NinjaTech AI is a developer of a conversational artificial intelligence platform aimed at enhancing productivity for working professionals. The platform leverages advanced generative AI and language models, providing users with access to state-of-the-art AI agents. By focusing on democratizing access to top-tier AI technology, NinjaTech AI enables professionals to streamline their tasks and improve efficiency. The company combines various intellectual properties in the generative AI field, creating tools designed to make users safer, happier, and more productive. Through its subscription service, NinjaTech AI aims to empower individuals and organizations globally by offering innovative solutions tailored to meet their needs.

SignalRank

Series A in 2023
SignalRank operates a systematic investment platform designed to support seed fund managers in maintaining their equity positions in portfolio companies. The platform utilizes a proprietary scoring engine and machine learning to automate capital allocation, making data analytics accessible for seed-stage investors. Through its SignalRank Index, the company qualifies entrants at the Series B level, which aids partners in fulfilling their pro-rata rights from earlier funding rounds. By focusing on building an index of high-potential private assets, SignalRank aims to enable public market investors to benefit from early-stage growth companies. This approach also addresses liquidity concerns in venture capital by encapsulating multiple of invested capital (MOIC) within an Index share, allowing for enhanced financial transparency and potential returns for its investors.

Medsien

Seed Round in 2022
Medsien specializes in remote care management services that utilize artificial intelligence to enhance patient engagement and improve health outcomes. The company's platform aggregates and curates patient data, allowing healthcare providers to efficiently monitor chronic conditions and related services. By delivering real-time insights and visualizing relevant metrics, Medsien enables providers to make informed decisions quickly. This integrated approach aims to streamline operations while focusing on personalized support, ultimately enhancing the patient experience and reducing costs associated with chronic care management.

Movellus

Series B in 2022
Movellus, Inc. is a company that specializes in designing and manufacturing mixed-signal semiconductors tailored for the semiconductor market. Founded in 2014 and headquartered in San Jose, California, with additional offices in Silicon Valley, Ann Arbor, and Toronto, Movellus offers a range of products including clock generators, phase-locked loops (PLLs), delay-locked loops (DLLs), programmable oscillators, and low-dropout regulators (LDOs). The company focuses on developing ultra-low power analog intellectual properties that are process portable and optimized for specific designs. Movellus aims to address clock distribution challenges in high-performance and energy-efficient chips, providing solutions that enhance system-on-chip (SoC) performance while minimizing power consumption. Its products cater to semiconductor and systems companies across various sectors, including artificial intelligence, networking, and field-programmable gate arrays (FPGAs).

bodo.ai

Series A in 2021
Bodo.ai specializes in providing a high-performance parallel computing platform designed for data analytics, capable of scaling beyond 10,000 cores and managing petabytes of data efficiently. The company’s innovative approach includes automatic parallelization and the first inferential compiler, allowing clients, including Fortune 500 companies, to tackle complex data analysis challenges more quickly and cost-effectively than traditional methods. Bodo.ai's platform retains the simplicity and flexibility of native Python, enabling developers, data scientists, and AI engineers to streamline their workflows while focusing on solving business problems. The platform can be deployed on various infrastructures, from personal laptops to public cloud environments. Headquartered in San Francisco with an additional office in Pittsburgh, Bodo.ai aims to significantly enhance the efficiency of data analytics.

SignalRank

Seed Round in 2021
SignalRank operates a systematic investment platform designed to support seed fund managers in maintaining their equity positions in portfolio companies. The platform utilizes a proprietary scoring engine and machine learning to automate capital allocation, making data analytics accessible for seed-stage investors. Through its SignalRank Index, the company qualifies entrants at the Series B level, which aids partners in fulfilling their pro-rata rights from earlier funding rounds. By focusing on building an index of high-potential private assets, SignalRank aims to enable public market investors to benefit from early-stage growth companies. This approach also addresses liquidity concerns in venture capital by encapsulating multiple of invested capital (MOIC) within an Index share, allowing for enhanced financial transparency and potential returns for its investors.

Algopix

Seed Round in 2021
Algopix is an early-stage startup with offices in Palo Alto, California, and Tel Aviv, Israel, specializing in market research for the eCommerce sector. The platform offers retailers valuable insights into product demand, pricing, and competitor promotions by leveraging real-time digital point of sale data. Algopix's technology provides a comprehensive analysis of selling expenses, including shipping fees, and recommends search phrases along with their associated costs and competition levels. This data-driven approach enables brands, consumer packaged goods companies, and marketplaces to make informed decisions that reduce risk and enhance online sales. Founded by experienced professionals from the eCommerce industry, Algopix aims to streamline product market analysis using proprietary algorithms that aggregate critical data from global online marketplaces, delivering actionable insights to some of the largest companies in the field.

bodo.ai

Series A in 2021
Bodo.ai specializes in providing a high-performance parallel computing platform designed for data analytics, capable of scaling beyond 10,000 cores and managing petabytes of data efficiently. The company’s innovative approach includes automatic parallelization and the first inferential compiler, allowing clients, including Fortune 500 companies, to tackle complex data analysis challenges more quickly and cost-effectively than traditional methods. Bodo.ai's platform retains the simplicity and flexibility of native Python, enabling developers, data scientists, and AI engineers to streamline their workflows while focusing on solving business problems. The platform can be deployed on various infrastructures, from personal laptops to public cloud environments. Headquartered in San Francisco with an additional office in Pittsburgh, Bodo.ai aims to significantly enhance the efficiency of data analytics.

Frequencz

Seed Round in 2021
Frequencz is a prominent player in the field of shared virtual private networks for enterprises, specializing in unlocking 5G capabilities on unlicensed spectrum across multiple frequency bands. The company aims to transform the radio domain by introducing cloud economics, which significantly alters the construction, operation, and management of private networks. By creating fully automated and self-organized networks, Frequencz enhances the return on investment and profitability for private network operators and enterprises. Its innovative approach is set to disrupt traditional methods in the industry, delivering substantial advancements in efficiency and cost-effectiveness.

Pockyt

Seed Round in 2021
Pockyt is a developer of a cross-border payment platform that facilitates connections between brands and retailers and Chinese consumers. By integrating Pockyt's services, businesses can accept a diverse range of global payment methods, both online and in-store. The platform is designed to enhance the checkout experience by employing security software that safeguards transactions while ensuring efficient transfers of international currencies. This approach allows customers to utilize their preferred payment methods, ultimately helping businesses optimize their sales and expand their reach in the Chinese market.

Facenote

Convertible Note in 2020
Facenote is a developer of a face recognition platform that utilizes facial non-fungible tokens (NFTs) to identify and validate customers in real time. This innovative technology allows businesses to enhance customer experiences by enabling actions such as contactless payments, secure access to locations, and proof of attendance. By storing customers' biometric identity on the blockchain, Facenote facilitates the tracking of customer preferences and behaviors, thereby improving loyalty and overall engagement. Through its services, the company aims to provide clients with access to a range of digital opportunities that enrich in-store interactions and foster stronger customer relationships.

ApplyBoard

Series C in 2020
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.

Clusterone

Seed Round in 2019
Clusterone, formerly known as Good AI Lab, Inc., is a company based in Seattle, Washington, that specializes in providing a cloud platform for deep learning and machine learning applications. Founded in 2016, Clusterone offers a distributed machine learning platform specifically designed for the TensorFlow framework, enabling users to optimize the training of their machine learning models. The platform allows data scientists to aggregate computational resources from various locations, providing them with the flexibility to manage workloads on any infrastructure without the burden of traditional IT management. By automating and optimizing infrastructure management, Clusterone empowers businesses to focus on developing AI models and executing complex machine learning workflows efficiently.

ApplyBoard

Series A in 2018
ApplyBoard is a technology company that facilitates the study abroad process for international students by connecting them with recruitment partners and educational institutions through a unified platform. The company simplifies the application journey, assisting students from around the globe in discovering, applying to, and enrolling in universities in North America. Founded eight years ago, ApplyBoard has rapidly expanded, employing over 1,200 team members and establishing a presence in 30 countries, including India, China, and the United States. In 2023, it received recognition from Deloitte as one of Canada’s fastest-growing technology companies for the fifth consecutive year, highlighting its significant impact on the education sector and its commitment to empowering students worldwide. The company's headquarters is located in Kitchener, Ontario, with an additional office in Gurugram, India.
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