Why SOSSH DASH D'IVP believes that Silicon Valley can look beyond AG for spirituality -

The venture capital have erected their industry on the altar of profits, with perhaps a suspicion of rationalism. There is an element of faith necessary to fuel their conviction that taking leaflets on start -up companies can lead to billions – the version of the Silicon Valley of Prosperity Gospel. However, it would be difficult to claim that venture capital is a religious practice.

It seems to change. The technological industry is engaged in its own personal quest for the Grail – Act hunting, or artificial general intelligence – as engineers and investors are becoming more and more convinced that they can shape their own version of God outside the code. And in the middle of the fervor, Peter Thiel organizes a series of conferences in San Francisco on the Antichrist. The first was this week.

But should all technological spirituality be built around LLMS? I caught up with Soesh Dash, a general partner of the IVP venture capital company, which adopted a different approach. Dash grew up Hindu, which he says he always practices in a more cultural sense, pleading for the need for the community and the service.

As he points out, the recent technology trend has been the opposite. Rather than promoting connections between people, technology is increasingly focused on construction machines that will interact and train – other machines. This seems to have a moment of crossroads for humanity. It would be easy for us to withdraw from each other, although Dash is optimistic that the rise of AI will highlight an important human force which lacks chatbots (or at least can only imitate): empathy. “That, I think, will persist and will never be fully reproduced in any form of machine or AI system,” he said to me.

If this seems too new to be practical, Dash points to his own experience to illustrate how he infused his investment approach with ethics. After having supported social platforms like Snap and Discord, he saw in the first hand how harmless forms of communication were in something much more malicious, such as white supremacist rallies in Charlottesville.

“What is the most excited was this idea of collaboration, community and pleasure,” says Dash, “but what I think I and everyone was a little naive, it was the quantity, in the name of freedom of expression, could be used without guarantees, to harm children and lead to many problems.” Now, when Dash invests in consumers, he ensures that there are teams of trust and security “deeply rooted in the psyche” of companies.

More broadly, Dash argues that support for for -profit businesses can always be an engine for societal change, such as its investment in the Abridge health technology company, which frees the time of doctors by eliminating subordinate tasks. “By having the greatest impact, you will probably have a great financial performance,” he says.

Of course, this is not a new argument in Silicon Valley. Not too long ago, that social media platforms like Facebook praised their approach focused on the mission to promote the community and change, with the profits of monsters as a good additional bonus. It is easy for companies to abandon any commitment to social good when the net profit is at stake – just look at the Openai push to modify its non -profit status.

But Dash still thinks that more investors can breathe their strategy with empathy, which seems more fulfilling than finance their own AGS personal divinities. “People are looking for meaning and leadership,” he said. “Each company I consider and each founder has a responsibility, in my mind, to do things safe and responsible.”

Leo Schwartz
X: @Leomschwartz
E-mail: leo.schwartz@fortune.com

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Business affairs

– Ollin BiosciencesA biopharmaceutical company based in Austin, Texas, developing therapies for diseases threatening vision, has collected $ 100 million in funding. CAMBER Adventure Partners,, Brave CapitalAnd Monograph Capital led the Tour.

– OmneaAn admission and orchestration platform for purchases based in the United Kingdom, based in the United Kingdom, has raised $ 50 million in series B financing. Preview Partners And Khosla Adventures led the tour and were joined by Accelerate,, Indicate Nine,, First of all Round CapitalAnd Prosus.

– GenominesA metal culture company based in Paris, in France, has raised $ 45 million in A series financing. Engine Adventures And Forbion bioeconomy led the tour and were joined by Deeptech & Climate Fund,, Wind,, Lower carbon Capital,, Entrepreneurs First of alland others.

– MacroscopeA product development monitoring platform based in San Francisco, has raised 30 million dollars in series A series. Speed led the Tour and was joined by Adverb,, Prospered capitalAnd Google Ventures.

– TreatA governance, risk and compliance platform based in McLean, Virginia, has raised 30 million dollars in series B financing. Washington Port Partners led the Tour and was joined by M12,, Hitachi Adventuresand others.

– Marking IAA New York -based software developer designed to ensure that AI content meets brand and compliance standards, has raised 27.5 million dollars in series A series. Genio Partners And EMH Partners led the tour and were joined by Capital Factory and others.

– Turn outA platform based in San Diego, California, designed to help users access the government and financial benefits, has collected $ 21 million in seed financing. Shine Capital And LGVP led the tour and were joined by Rustling Adventures,, Jaz Capital Partners,, Zeev Adventures,, Honeyand others.

– Birch HealthA news supplier for New York -based drug addiction has raised $ 20 million in series A and seed financing. AlleyCorp led the series a round and General Catalyst led the turn of seeds.

– AtomonicA developer based in Singapore of quantum gravimetry sensors for the discovery of minerals, raised $ 12.7 million in pre-series funding. Paspalis led the Tour and was joined by BHP Adventures,, In Q-TEL,, Wavemakerand others.

– To driveA London developer, based in the United Kingdom, of AI AI technology designed to modernize IT systems, collected $ 12 million in seed financing. Create led the Tour and was joined by Lucid Capital,, Stupidityand providential investors.

– RayA data security platform in Tel Aviv, Israel, has raised $ 11 million in starting financing. Adventure Guides And Ibex Investors led the tour

– HarvestAn operating system based in San Francisco for community leisure services, has raised $ 11 million in series A series. Reticle Capital led the tour and was joined by others.

– GridstrongA compliance and operating platform of the New York-based electric network has collected $ 10 million in seed financing. Consistent Adventures led the Tour and was joined by Boost Capital and others.

– IcarusA company based in New York developing robots designed for space work, has collected $ 6.1 million in seed funding. Soma Capital And Xtal led the tour and were joined by Nebular And Massive Technology Adventures.

– CreatordbA TaiPei City influencer marketing company in Taiwan has raised $ 4.7 million in series A series. Glans Peaceful Adventures led the Tour and was joined by Pegatron,, Whattunua Technologyand others.

– Terra OilA developer based in Singapore of durable oils and fats, has collected $ 3.1 million in funding from Bad Adventures,, THE Radical Funds,, ELEV8.VC,, Better edge venturesand others.

– EthosphereA developer from Voice AI, based in Seattle, Washing, raised $ 2.5 million in pre-series funding. Indicate 72 Adventures led the Tour and was joined by A12 Incubator,, Carya Adventures,, Pack VCand others.

– I’m looking forA Karachi company, based in Pakistan, which connects companies and schools to travel buses, has raised $ 2 million in seed financing. Daman Investment led the Tour and was joined by Cartography Capital,, Epic Angels,, Wahed adventuresand others.

Investment capital

– Rithm Capital agreed to acquire Primordial BandA New York -based real estate investment trust for around $ 1.6 billion in total considerations.

– Counsesesupported by Align Capital Partnersacquired Firefly LegalA MOKENA process service provider, in ILLANDL, procedural, tracing, electronic deposit and dispute services. The financial conditions have not been disclosed.

– Digicentsupported by Carie Capital Band,, Crosspoint Capital PartnersAnd FACING Associatesacquired SampleAn e-mail authentication platform based on Boulder, in Colorado. The financial conditions have not been disclosed.

– Redslima portfolio company Astorgacquired Catman SolutionA data company on data and the visualization of the retailer based in Denmark. The financial conditions have not been disclosed.

– Lion Capital Partners has acquired majority participation in National Care SystemsA Brooklyn, New York billing and payroll platform for nursing and assisted life care facilities. The financial conditions have not been disclosed.

– TEAM Technologiesa portfolio company Arlington Capital Partnersacquired Tag3 EngineeringA developer of Sunrise, Florida, interventional medical devices. The financial conditions have not been disclosed.

Outings

– Keensight Capital agreed to acquire a majority participation in This BiologicalAn orthobiological company based on Hopkinton, Mass Thompson Capital of the street Partners. The financial conditions have not been disclosed.