Uncorrelated Ventures

Uncorrelated Ventures specializes in investing in infrastructure software. The firm focuses on identifying and supporting innovative companies within this sector, aiming to foster growth and development in infrastructure technologies. By targeting promising startups and established businesses, Uncorrelated Ventures seeks to enhance the efficiency and effectiveness of software solutions that underpin critical infrastructure systems.

Salil Deshpande

General Partner

68 past transactions

OpenEnvoy

Series A in 2023
Invoice reconciliation for overworked finance teams. OpenEnvoy audits every invoice for duplicate billings, excess charges, and supplier fraud and has audited over $2 billion in spend to-date through automation.

Pando

Series B in 2023
Pando provides an open-market, freight management platform which digitizes logistics operations. Its vision is to ease and enable commerce, through digital deliveries. Pando aims to increase efficiencies in the delivery ecosystem of traditional enterprises, through the introduction of advanced connectivity of and data sharing between devices, information systems, services, and stakeholders by building a network of digital delivery stakeholders on a single platform interface which users, and companies to digitize information, transactions, communication, and documentation across the board. Pando was founded in 2015 and is based in Chennai.

Merkle Science

Series A in 2022
They are a group of passionate individuals from Paypal, Luno, Bank of America, Instamojo who believe in the promise of decentralized and trustless commerce.

Dgraph Labs

Seed Round in 2022
Dgraph Labs, Inc. develops and operates a graph database. The company provides low latency solution to serve real time user queries over terabytes of structured data. It offers Slash Enterprise, a fully-managed, serverless solution for enterprises managing workloads with terabytes of data in production that runs on dedicated, multi-zone clusters with availability deployed on AWS, Azure, or GCP. Dgraph Labs, Inc. was founded in 2016 and is based in San Francisco, California.

Hidden Road

Series A in 2022
Hidden Road is the global credit network for institutional investors and provides easy access to both traditional and digital markets.

Stashfin

Series C in 2022
StashFin is a digital lending venture that offers online application for personal loans, providing simple and fast approval and disbursal for loans. It was started by a team of former financial services professionals who have more than 40 years of experience in consumer finance and capital markets. It is dedicated to disrupting traditional lending in India.

Meltano

Seed Round in 2022
Meltano is an open-source DataOps platform that integrates various leading open-source tools for managing the data lifecycle. It incorporates the Singer standard for data integration, featuring a library of over 200 connectors, as well as tools like dbt for data transformation, Airflow for orchestration, and plans to include Superset for data visualization. Meltano aims to simplify the processes of configuration, deployment, and monitoring while allowing data teams to adopt practices such as version control and continuous integration/continuous deployment. The platform collaborates with a community of over 1,200 professionals from startups, global enterprises, and consultancies to advance data infrastructure. Thousands of active projects utilizing Meltano are presently in operation across various organizations, demonstrating its practical application and adaptability in the data management landscape.

Omnipresent

Series B in 2022
Omnipresent Group Limited specializes in providing local employment, payroll, and benefits services tailored for international teams. Established in 2019 and headquartered in London, the company simplifies the complexities of global employment by offering compliant employment contracts, managing payroll systems that include local taxes and cross-border payments, and ensuring that international employees receive a comprehensive benefits package. Its tech-enabled platform assists clients in efficiently managing human resources and onboarding processes, allowing businesses to focus on productivity while Omnipresent takes care of compliance and administrative tasks. This approach enables companies to effectively hire and manage full-time personnel across different countries.

Rolebot

Venture Round in 2022
an intelligent Recruitment Engine

Okteto

Series A in 2022
Okteto Inc. is a computer software company that provides a cloud application development platform tailored for Kubernetes. Founded in 2018 and based in San Francisco, California, Okteto offers a suite of tools designed to enhance the software development process. Its flagship product, Okteto Enterprise, enables developers to access Kubernetes infrastructure through a self-service model, visualize workloads via a user-friendly dashboard, and implement security measures such as user-specific quotas and access controls. The platform also facilitates the creation of secure Kubernetes namespaces, automatic provisioning of HTTPS endpoints, and management of sensitive credentials. Additionally, Okteto supports the deployment of applications, remote building, and integration with the Okteto CLI, allowing developers to work directly within their Kubernetes clusters.

Astro

Seed Round in 2022
Astro assists web developers in building websites. Astro is an MIT-licensed open source build tool that renders directly to HTML and CSS. Astro also supports different well known frameworks such as react, preact, svelte, solid, vue, and more. Astro was established in 2019 by Fred K. Schott in San Francisco, California.

Bodo.ai

Series A in 2021
Bodo, Inc designs and develops elastic Python cloud engine. It offers automatic parallelization and optimization of analytics workloads across clusters. The company was incorporated in 2018 and is based in Moss Beach, California with additional offices in Pittsburgh, Pennsylvania and Sopot, Poland.

bur-image

Seed Round in 2021
Simplified is the all-in-one design platform where freelancers and entrepreneurs can collaborate, scale, and grow their content— effortlessly and beautifully.

QuestDB

Series A in 2021
QuestDB is a high performance database for time-series data. QuestDB’s software architecture has been designed from the ground up to be as close to the hardware structure as possible - offering breakthrough performance. Through QuestDB, companies can harness the power of time series data by handling billions of time-stamped events without relying on powerful hardware.

BitMax

Series B in 2021
BitMax is global operator of digital asset exchanges for diverse groups of clients from retail to institutions.

Fingerprint

Series B in 2021
FingerprintJS, Inc. designs and develops browser fingerprinting application programming interface that detects and stops fraud, spam, and account takeovers. The company's API de-identifies the fingerprint from a device by generating a unique identifier of a browser and allows users to detect account fraud, fraudulent payments, and malicious activity on trading, exchange, and transfer. The company offers server-side visitor history API that provides access to suspicious visitor activity, bot probability, and geolocation. The company also provides Webhooks for workflows. It serves developers. The company was founded in 2012 and is based in Chicago, Illinois.

Sagetap

Seed Round in 2021
Sagetap is a software-related services company that assists software vendors in competitive markets by validating their product and go-to-market strategies with target buyers and end-users. The company provides a range of services, including data analytics, data management, DevOps, cybersecurity, and cloud infrastructure. Additionally, Sagetap fosters an exclusive community of expert technologists who help vendors navigate high-signal objections and recommendations. This support enables enterprise software vendors to develop products that meet market demands effectively.

Lendflow

Series A in 2021
Lendflow provides tools to allow software companies to launch great business credit products. We provide a lending widget and API to best-in-class lending infrastructure that software companies can quickly integrate into their website or app so their business users can apply for, receive and monitor business financing.

Lendflow

Series A in 2021
Lendflow provides tools to allow software companies to launch great business credit products. We provide a lending widget and API to best-in-class lending infrastructure that software companies can quickly integrate into their website or app so their business users can apply for, receive and monitor business financing.

FloCareer

Venture Round in 2021
SAS based platform to outsource interview rounds using community of freelance interviewers (gig economy). Reduce churn around hiring and save cost by 50% and hiring cycle time by 80%.

Autify

Series A in 2021
Autify, Inc. is a company based in Tokyo, Japan, that specializes in artificial intelligence-driven software testing automation. Founded in 2016, its platform monitors user interface changes and automatically updates test scenarios in response to these changes, streamlining the quality assurance process. By leveraging AI, Autify assists teams in delivering high-quality software products efficiently and effectively, enabling faster release cycles and improved product performance.

Rendered.ai

Seed Round in 2021
Rendered.ai develops data engineering tools built to help medical, automotive, robotics, security, and other industries. It provides a Common Application Framework to produce physics-based synthetic datasets for AI training and validation. The company was founded in 2019 and is based in Bellevue, Washington.

Merkle Science

Series A in 2021
They are a group of passionate individuals from Paypal, Luno, Bank of America, Instamojo who believe in the promise of decentralized and trustless commerce.

Bodo.ai

Series A in 2021
Bodo, Inc designs and develops elastic Python cloud engine. It offers automatic parallelization and optimization of analytics workloads across clusters. The company was incorporated in 2018 and is based in Moss Beach, California with additional offices in Pittsburgh, Pennsylvania and Sopot, Poland.

Nirmata

Seed Round in 2021
Nirmata, Inc. develops, owns, and operates a platform that offers container software and helps companies to deliver and operate applications. Its products include Kubernetes-as-a-Service, a platform that helps to automate operations; application modernization, a platform that helps in containerization; and multi-cloud cluster management, a platform that helps to make application stacks portable across any public or private cloud provider. It serves companies. The company was incorporated in 2013 and is based in San Jose, California.

Daloopa

Series A in 2021
Daloopa, provides accurate, detailed and cleanly formatted models to financial institutions

LocoNav

Series B in 2021
We are bringing together the power of our proprietary technology and wide reach to change India's vehicle landscape. Vehicle owners, Businesses, and Transporters in India are forced to run vehicles with extreme inefficiency and poor security. We're determined to change that.

Anjuna

Series B in 2021
Anjuna Security Inc. is a cybersecurity company based in Palo Alto, California, that specializes in a data-in-use platform designed to protect sensitive data during processing, transit, and at rest. Founded in 2017, Anjuna's technology enables organizations to secure their applications and key management systems in the cloud without requiring any changes to existing code. The platform creates a software perimeter around applications, delivering hardware-grade security that allows sensitive workloads to operate safely in public cloud environments. This approach eliminates the need for securing or patching the underlying infrastructure, as it protects applications even against threats from users with root or physical access. By seamlessly encrypting data end-to-end with secure enclaves, Anjuna empowers enterprises to run their most critical operations while maintaining robust security against insider threats.

Arpio

Seed Round in 2021
Arpio is a SaaS that eliminates downtime for AWS applications by making it easy to recover from any outage in just a few minutes.

Robocorp

Series A in 2021
Robocorp Oy, a subsidiary of RoboCorp Technologies, Inc., specializes in developing a cloud-based platform for open source robotic process automation (RPA). Founded in 2019 and headquartered in San Francisco, California, with an additional office in Helsinki, Finland, Robocorp aims to simplify the implementation of RPA by providing developers with cloud-native, open-source tools. This approach enables organizations to adopt RPA solutions without the restrictive limitations often associated with traditional offerings, facilitating greater flexibility and efficiency in automating business processes.

Kafene

Series A in 2021
Kafene is a mission driven startup with the goal of empowering flexible ownership for the customers that need it most. Backed by some of the top VCs in fintech, Kafene brings flexible payment options to products like furniture, appliances, electronics, musical instruments, and jewelry while protecting consumers from the traps of traditional debt products. If a consumer can no longer make payments on their merchandise, Kafene understands. The consumer can simply return the item with no obligation and no residual debt. This freedom is powered by a best in class consumer facing technology platform that includes app-based point of sale virtual wallets and AI based underwriting.

Jeeves

Series A in 2021
Jeeves is on a mission to empower businesses globally by providing a modern approach to financial services. We deliver innovative technology that allows our customers to focus on the growth of their business. We're entrepreneurs with first-hand experience starting, operating, and growing our own businesses - so we get it - and we understand the shortcomings of today's financial offerings along with the opportunities for improvement. Backed by a diverse team with experience ranging from Silicon Valley to Wall Street, we're bringing cutting edge financial solutions to you with Jeeves.

SEDA

Seed Round in 2021
Flux is a scalable open data protocol providing on-chain data for any asset, commodity, or event. Easily connect to Flux with the open source SDK to enable scalable, permission-less data.

Forecastr

Seed Round in 2021
Forecastr is online software that helps founders who hate building financial models in Excel actually understand their numbers, predict runway, and get funded.

AutoCloud

Seed Round in 2021
Bring clarity to your cloud infrastructure with the most comprehensive visualization tool available for the public cloud

Astranis

Series C in 2021
Astranis is a developer of a new satellite technology that aims to transmit data down to specific terrestrial locations with each satellite it launches. The company's mission is to help get online the 4 billion people who are without internet access.

Pathlight

Series B in 2021
Pathlight is a developer of a platform designed for managers to be more effective. The company's platform offers real-time data analysis, management automation, customizable alerting, one-click coaching, automatic documentation, group metric assignments and automatic agendas, intended to give leadership complete visibility about the organization.

Stashfin

Series B in 2021
StashFin is a digital lending venture that offers online application for personal loans, providing simple and fast approval and disbursal for loans. It was started by a team of former financial services professionals who have more than 40 years of experience in consumer finance and capital markets. It is dedicated to disrupting traditional lending in India.

Ember Fund

Seed Round in 2021
Ember Fund, LLC is a technology company based in Los Angeles, California, that offers a mobile application designed for cryptocurrency investing. Founded in 2018, the app enables users to invest in a managed portfolio of cryptocurrencies while maintaining control over their own assets. The platform is fully decentralized and non-custodial, allowing users to securely manage their investments directly from their mobile devices, thus eliminating reliance on third parties. Ember Fund aims to transform the investment landscape by providing an accessible and user-friendly way for individuals globally to participate in cryptocurrency markets without the risks associated with central points of failure.

Buckzy Payments

Seed Round in 2021
Buckzy Payments Inc. is a Toronto-based company that specializes in creating a real-time financial ecosystem for consumers and small businesses to facilitate instant money transfers. The company's platform supports various services, including bank transfers, digital wallet transfers, email money transfers, multi-currency transfers, and bill payments. Buckzy Payments aims to operate continuously, providing users with the ability to send and receive funds at any time throughout the year.

HYAS

Series B in 2021
HYAS Infosec Inc. operates as an information security company that develops next generation information security technology solutions for enterprise, SMB, and consumer markets. It offers Comox, a security intelligence platform to connect specific attack instances and campaigns to historical indicators of compromise; research malware samples and their corresponding network traffic, and bring insights into existing SIEM efforts. The company’s Comox is used by financial institutions, Fortune 500 companies, international law enforcement agencies, and major security companies. The company was founded in 2014 and is based in Nanaimo, Canada.

Ondat

Series B in 2021
Ondat, formerly known as StorageOS Ltd, is a London-based company that specializes in developing a cloud-native, software-defined storage platform designed for application deployment in containerized environments. Founded in 2015, Ondat enables clients to efficiently run containerized databases and continuous integration/continuous deployment (CI/CD) workloads in public cloud settings. The platform offers essential features such as erasure coding, data replication, deduplication, compression, and robust security measures, including encryption and policy management. Ondat's solution facilitates data mobility through replication and migration services, while also providing run-time management options like snapshots and clones. Its application programming interface (API) is compatible with popular container orchestration tools, such as Docker and Kubernetes, allowing developers and infrastructure teams to effectively build, scale, manage, and monitor their storage solutions without legacy constraints.

Fingerprint

Series A in 2021
FingerprintJS, Inc. designs and develops browser fingerprinting application programming interface that detects and stops fraud, spam, and account takeovers. The company's API de-identifies the fingerprint from a device by generating a unique identifier of a browser and allows users to detect account fraud, fraudulent payments, and malicious activity on trading, exchange, and transfer. The company offers server-side visitor history API that provides access to suspicious visitor activity, bot probability, and geolocation. The company also provides Webhooks for workflows. It serves developers. The company was founded in 2012 and is based in Chicago, Illinois.

Quantum Metric

Series B in 2021
Quantum Metric, Inc. develops a digital intelligence platform that leverages machine learning to provide insights into user behavior across digital interfaces. The platform offers comprehensive analytics that combine statistical analysis and machine intelligence to identify website performance issues, user struggles, and system errors. It automatically detects and alerts users to problems such as underperforming page layouts, performance issues, and network conditions. Additionally, Quantum Metric integrates session replay, customer feedback, and other data sources to enhance its analytics capabilities, including anomaly detection and funnel analysis to pinpoint issues affecting conversion rates. The platform is designed to help organizations in various sectors, including e-commerce, finance, travel, telecommunications, and media, by identifying customer friction and quantifying the financial impact of digital performance. Founded in 2011 and based in Monument, Colorado, Quantum Metric targets Fortune 500 companies to improve their digital experiences and optimize operational efficiency.

CoinDCX

Series B in 2020
CoinDCX is a company that specializes in crypto-enabled financial services. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. Its liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless. CoinDCX has empowered its traders with a bouquet of industry-first products to trade using liquidity from exchanges. The products are designed for all types of traders keeping their trading experience, risk tolerance, and trading frequency into consideration. The company aims to democratize finance and make investments accessible to everyone. CoinDCX was founded in 2017 and is headquartered in Mumbai, Maharashtra, India.

Moov

Series A in 2020
Moov Financial, Inc. is a financial technology company that specializes in developing an open-source platform designed to embed banking services within various applications. Established in 2017 and headquartered in Cedar Falls, Iowa, Moov is focused on rebuilding banking infrastructure for a cloud-native environment, free from legacy technology constraints. The platform offers a developer-friendly approach, allowing for customization and portability across cloud providers or on-premises environments. Moov's services include ACH processing, customer accounts, KYC and OFAC compliance, wire transfers, and image cash letters. By providing a modular and decoupled banking-as-a-service solution, Moov enables organizations to integrate transactional banking capabilities seamlessly into their software, thereby enhancing user experiences and simplifying money management.

Elastio Software

Seed Round in 2020
Elastio has redefined modern data protection with its cloud-native platform for protecting cloud applications from risk caused by ransomware, application failures, deployment mistakes, data errors and security vulnerabilities. Powered by Elastio’s application-aware ScaleZ(™) storage with inline active ransomware intelligence, applications can be safely protected and recovered to a last known clean state with integrated tooling for fast application specific backups, automated scanning for ransomware and malware, fast application specific recoveries, flexible data movement and automation into your existing CI/CD pipelines. Purpose built for the cloud with both agentless and lightweight agent architectures, Elastio delivers easy and fast deployments, industry-leading application protection and recovery and immediate time-to-value.

Earthly Technologies

Seed Round in 2020
Earthly Technologies, Inc. operates an open-source platform that focuses on build automation for the post-container era. The company has developed a tool that enables users to execute builds within containers, create Docker images, and generate various output artifacts, including binaries, packages, and arbitrary files. The platform supports parallel execution and allows for the importation of dependencies from different directories. Earthly is designed to complement existing build systems rather than replace them, serving as a connective layer that enhances functionality. Users can run Earthly on personal laptops, integrate it into their current continuous integration setups, or utilize it across clusters through Earthly Cloud Build. Founded in 2020 and headquartered in Redwood City, California, Earthly Technologies aims to improve the efficiency and reproducibility of software builds.

Cube Dev

Seed Round in 2020
Cube Dev, Inc. designs and develops open-source analytical API platform. The company offers Visualization-agnostic tools for building UIs, analytical API servers, and modern data stores support. Cube cloud offers managed infrastructure, inspects and traces queries, manages pre-aggregations, and provides monitoring and analysis. Cube Dev, Inc. was incorporated in 2016 and is based in San Francisco, California.

Netdata

Series A in 2020
Netdata, Inc. specializes in developing health monitoring and performance troubleshooting solutions for IT infrastructure. Founded in 2018 and headquartered in Redwood City, California, the company provides an open-source, distributed, real-time monitoring platform. Its software, known as the Netdata Agent, automatically detects various metrics and offers users comprehensive visibility into their systems and applications through interactive dashboards and health alarms. The platform is designed for easy installation, requiring no configuration and supporting unlimited scalability, thereby enabling IT teams to efficiently diagnose slowdowns and anomalies in their technology stack.

Moov

Seed Round in 2020
Moov Financial, Inc. is a financial technology company that specializes in developing an open-source platform designed to embed banking services within various applications. Established in 2017 and headquartered in Cedar Falls, Iowa, Moov is focused on rebuilding banking infrastructure for a cloud-native environment, free from legacy technology constraints. The platform offers a developer-friendly approach, allowing for customization and portability across cloud providers or on-premises environments. Moov's services include ACH processing, customer accounts, KYC and OFAC compliance, wire transfers, and image cash letters. By providing a modular and decoupled banking-as-a-service solution, Moov enables organizations to integrate transactional banking capabilities seamlessly into their software, thereby enhancing user experiences and simplifying money management.

TileDB

Series A in 2020
TileDB, Inc. develops and maintains a system for managing multi-dimensional array data, primarily for scientific applications. Its key offerings include TileDB Embedded, a storage engine, and TileDB Cloud, which facilitates the management of array data. The company's universal data engine enables users to access, analyze, and share complex data with various tools, emphasizing universal storage and data management rather than the compute layer. Founded in 2017, TileDB is headquartered in Cambridge, Massachusetts, with an additional location in Athens, Greece.

Anjuna

Series A in 2020
Anjuna Security Inc. is a cybersecurity company based in Palo Alto, California, that specializes in a data-in-use platform designed to protect sensitive data during processing, transit, and at rest. Founded in 2017, Anjuna's technology enables organizations to secure their applications and key management systems in the cloud without requiring any changes to existing code. The platform creates a software perimeter around applications, delivering hardware-grade security that allows sensitive workloads to operate safely in public cloud environments. This approach eliminates the need for securing or patching the underlying infrastructure, as it protects applications even against threats from users with root or physical access. By seamlessly encrypting data end-to-end with secure enclaves, Anjuna empowers enterprises to run their most critical operations while maintaining robust security against insider threats.

Pipe

Seed Round in 2020
Pipe Technologies Inc. is a financing platform designed specifically for Software as a Service (SaaS) companies. Established in 2019 and headquartered in Walnut, California, Pipe enables these businesses to access immediate liquidity by converting their recurring revenues into cash. This innovative approach allows companies to receive non-dilutive financing through instant cash advances based on the total annual value of their subscription contracts, facilitating growth without the need to give up equity. Additionally, larger SaaS firms utilize Pipe's platform to provide more flexible payment options to their customers, enhancing their competitive edge in the market.

Opyn

Seed Round in 2020
Opyn is building an insurance marketplace to protect cryptocurrency users against system risks in Decentralized Finance.

Upgrade

Series D in 2020
Upgrade, Inc. operates an online lending platform that provides access to personal loans and an innovative credit card known as the Upgrade Card. Founded in 2016 and headquartered in San Francisco, California, with additional offices in Phoenix, Arizona; Montreal, Canada; and Chicago, Illinois, Upgrade aims to serve mainstream consumers by combining credit products with free educational tools. These tools include credit health monitoring and resources to help users understand and manage their finances. The Upgrade Card offers responsible credit options similar to installment lending, making it accessible at numerous retail locations across the United States. Through its offerings, Upgrade seeks to empower consumers with both credit access and financial literacy.

Netdata

Series A in 2019
Netdata, Inc. specializes in developing health monitoring and performance troubleshooting solutions for IT infrastructure. Founded in 2018 and headquartered in Redwood City, California, the company provides an open-source, distributed, real-time monitoring platform. Its software, known as the Netdata Agent, automatically detects various metrics and offers users comprehensive visibility into their systems and applications through interactive dashboards and health alarms. The platform is designed for easy installation, requiring no configuration and supporting unlimited scalability, thereby enabling IT teams to efficiently diagnose slowdowns and anomalies in their technology stack.