Bessemer Venture Partners

Bessemer Venture Partners

Venture Capital and Private Equity Principals

San Francisco, California 184,966 followers

For the entrepreneurs who want to build revolutions of their own.

About us

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

Website
http://www.bvp.com
Industry
Venture Capital and Private Equity Principals
Company size
11-50 employees
Headquarters
San Francisco, California
Type
Partnership
Founded
1911
Specialties
Seed Stage, Early Stage, Growth Stage, Venture Capital, Consumer, Enterprise, Healthcare, and SaaS

Locations

Employees at Bessemer Venture Partners

Updates

  • Today, we celebrate ServiceTitan on their IPO! 🚀 Congratulations to co-founders Ara Mahdessian (CEO), Vahe Kuzoyan (President), and the entire team on this incredible milestone. A decade in the making, ServiceTitan’s journey was inspired by Ara and Vahe’s fathers, who owned trades businesses. Ara and Vahe went on to build ServiceTitan to empower home service companies with the power of software. On behalf of Byron Deeter, Talia Goldberg, and Sameer Dholakia, we at Bessemer celebrate everyone who is part of the ServiceTitan journey. Get the backstory on our 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 and the unforgettable moments that led to today. https://lnkd.in/gqVAeWFY #ServiceTitanIPO #Entrepreneurship #VerticalSaaS

  • 𝐈𝐧 𝐭𝐡𝐞 𝐀𝐈 𝐞𝐫𝐚, 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐦𝐨𝐝𝐞𝐥 𝐢𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐥𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞: ✅ Copilots ✅ Agents ✅ AI-enabled services 𝐒𝐨, 𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐞𝐚𝐫𝐥𝐲 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐰𝐞'𝐫𝐞 𝐬𝐞𝐞𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭? AI founders fully embrace usage and output-based pricing to align value capture with value creation. Tying pricing to specific outcomes delivered means an easily quantifiable ROI for customers that can be benchmarked to their existing spending. In addition to this output-based pricing, vertical AI companies often put this output into tiers or add a base subscription fee to ensure a predictable baseline spend from each customer. 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: We're beginning to see that vertical AI companies can benefit from the predictability of subscription fees or tiered pricing while also capturing the upside of expanded use. Hybrid pricing represents an attractive model of value capture for vertical AI. Dive into Part III of our Vertical AI series ⤵️ link in the comments h/t to Caty Rea, Kent Bennett, Brian Feinstein, and the whole Vertical AI team including, Byron Deeter, Sameer Dholakia, Michael Droesch, Aia Sarycheva, Maha Malik, Sam Bondy, and Alex Yuditski.

  • Bessemer Venture Partners reposted this

    View profile for Puneet Anand, graphic

    Co-founder and CEO at AIMon | Continuous Improvement for your RAG and LLM output.

    This week we announced AIMon HDM-1, which is our flagship hallucination detection model that outshines much larger LLMs and other competitors in terms of accuracy and latency. How can it help you? 👉 LLM Judges, the most popular evaluation approach, suffer from variance or inconsistency of scores. On the other hand, HDM-1 is a specialized model calibrated to provide consistent scores. 👉 HDM-1 helps you overcome the latency limitations of deploying LLM Judges in production. Now you can continuously evaluate your app with our state-of-the-art model. 👉 Think about what you could do with hallucination scores for each LLM output. Continuous and consistent scores allow you to adopt mitigation strategies to serve more accurate outputs. 👉 You can use HDM-1 for automatic labeling of your data for inaccuracies 👉 We also offer a smaller variant HDM-1 Small that can be deployed on CPUs (think end-user devices) Links: 👇 Read more about the benchmarks in our blog article linked below. https://lnkd.in/gmbHMZTS 👇 To check out how HDM-1 works for your use cases, please try our sandbox. https://aimon.ai/sandbox 👇 You can also directly sign up on our website. https://lnkd.in/gN2ww6B3 ✉️ Feel free to reach out to me for any questions or a general LLM chat! #hallucination #evaluation #accuracy

  • 𝐀𝐈 𝐢𝐬 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐟𝐚𝐬𝐭𝐞𝐫 𝐭𝐡𝐚𝐧 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐜𝐚𝐧 𝐚𝐛𝐬𝐨𝐫𝐛 𝐢𝐭 — that's what Daniela Amodei, co-founder and president of Anthropic, said about the adoption of artificial intelligence. 📈 There is actually a top speed at which companies can absorb money- and time-saving AI technologies, says Daniela, and we are nearing it. “We’ll come up with new research areas and interests and features, but then you have to turn them into something that is quickly usable by businesses,” she says. She likens it to working with both your hands, and one of them moving considerably slower than the other. Alexandr Wang of Scale AI feels that society hasn’t even discovered the best use for AI yet, and to him, that’s an exciting premise: ✨ “We don’t yet know the giant, killer applications, and I think that means the infrastructure layer is going to see many more years of growth.” ✨ Read on — 𝐀𝐈’𝐬 𝐫𝐚𝐜𝐞 𝐭𝐨 𝐯𝐚𝐥𝐮𝐞: 𝐀 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐀𝐛𝐫𝐢𝐝𝐠𝐞, 𝐀𝐧𝐭𝐡𝐫𝐨𝐩𝐢𝐜, 𝐏𝐞𝐫𝐩𝐥𝐞𝐱𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐒𝐜𝐚𝐥𝐞 𝐀𝐈 — link in comments ⤵️ #AI #startups

  • Bessemer Venture Partners reposted this

    View profile for Jordan Dearsley, graphic

    Founder, CEO @ Vapi

    $20M Series A ✨ a milestone that feels surreal to share. Back in July 2023, I was walking around San Francisco, talking to an AI therapist I'd cobbled together. It was clunky and barely worked, but it kind of worked. Why was building voice AI so hard? Funny enough, this frustration became Vapi. We went all in. October 2023: 6 brave startups took a chance on us March 2024: Product Hunt launch that started everything Today: Millions of calls processed daily, 100,000+ developers building with us The numbers are wild, but they don't tell the full story. What gets me excited? Seeing developers build things we never imagined. Like a health assistant that that can help patients in their native language all while sounding genuinely... human. To our team: You're the real MVPs. From Blue Bottle Coffee runs to late night dark mode sessions- every step with you has been worth it. Massive thanks to Bessemer Venture Partners for leading this round, and to Abstract Ventures Inc., AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz for joining our mission. Voice is the most natural form of human expression, yet we've been stuck behind screens and keyboards. At Vapi, we're changing that, one API call at a time. Excited to have Michael Droesch and Byron Deeter join the board! And a special shoutout to our advisors, Mitch Morando, Richard Ni, and Justin Bauer, to name just a few!

  • We're excited to partner with Vapi, the team that provides a 10x improvement on the development experience for voice agents! Vapi's elegant platform solves the hard engineering problems required to manage real-time voice infrastructure and build enterprise-grade voice agents, including the orchestration of third-party speech-to-text (STT) models, LLMs, and text-to-speech (TTS) models. Congratulations to the team on their Series A fundraise! 🎙🌟 Read more in our announcement: https://lnkd.in/eQXx6z6R Byron Deeter Michael Droesch Aia Sarycheva Sam Bondy Darsh Patel Libbie Frost

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  • Bessemer Venture Partners reposted this

    View profile for Sameer Dholakia, graphic

    Partner at Bessemer Venture Partners. Investor, Board Member, Former CEO. Passionate about building great companies with great people.

    A historic day for ServiceTitan—congratulations on your IPO! 🚀 I’ve had the absolute privilege of watching ServiceTitan through seasons of growth, and their story will go on to inspire tomorrow’s Vertical SaaS and AI founders. (I joined ServiceTitan as an outside board member during my tenure as SendGrid’s CEO and became even more involved after joining Bessemer as a Partner.) Witnessing Ara Mahdessian and Vahe Kuzoyan's leadership throughout the years has been incredible — they are true role models for other founders and CEOs!  Takeaways for CEOs: ✅ ServiceTitan’s journey is a masterclass in how a cloud company can achieve transformative growth. From ServiceTitan’s beginnings as a platform designed to empower home-service professionals, Ara and Vahe have led the charge in expanding not just their product suite but also their vision. ✅ ServiceTitan is a shining example of what we call “leapfrogging” to expand their TAM — a strategic Second Act where a business expands into new verticals by building on its initial foundation. Starting with core trades like plumbing and HVAC, ServiceTitan leveraged its trusted reputation and deep customer insights to grow into adjacent industries like residential water treatment, landscaping, pest control, and beyond. ✅ What’s more, the team didn’t stop at expanding verticals—they layered on innovative products to meet customer needs at every turn. Fintech solutions like payments and financing, Pro Products such as marketing and payroll, and other key acquisitions have all bolstered the platform’s capabilities, driving massive value for customers and scaling the business to Centaur status and beyond. This milestone isn’t just a win for ServiceTitan—it’s a win for the home services industry as a whole. It demonstrates how much value can be created when founders combine deep customer empathy with operational excellence and an ambition to solve the next set of problems. To Ara, Vahe, and the entire ServiceTitan team: Congratulations on building not just a company, but a generational platform that empowers the unsung heroes of home services. I can’t wait to see what’s next! Read the full story from my partner, Byron Deeter: https://lnkd.in/gk85dBKW #ServiceTitanIPO #Scaling #VerticalSaaS

    View organization page for Bessemer Venture Partners, graphic

    184,966 followers

    Today, we celebrate ServiceTitan on their IPO! 🚀 Congratulations to co-founders Ara Mahdessian (CEO), Vahe Kuzoyan (President), and the entire team on this incredible milestone. A decade in the making, ServiceTitan’s journey was inspired by Ara and Vahe’s fathers, who owned trades businesses. Ara and Vahe went on to build ServiceTitan to empower home service companies with the power of software. On behalf of Byron Deeter, Talia Goldberg, and Sameer Dholakia, we at Bessemer celebrate everyone who is part of the ServiceTitan journey. Get the backstory on our 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 and the unforgettable moments that led to today. https://lnkd.in/gqVAeWFY #ServiceTitanIPO #Entrepreneurship #VerticalSaaS

  • Bessemer Venture Partners reposted this

    View profile for Talia Goldberg, graphic

    Partner at Bessemer Venture Partners

    In 2014, smartphones were ubiquitous but most software was built for office workers in front of PCs. We had a thesis on software for the deskless worker, enabled by mobile. That led us to ServiceTitan It’s been nearly a decade since we partnered with Ara Mahdessian and Vahe Kuzoyan. Two themes stand out from the journey: Maniacal customer obsession. Ara and Vahe grew up in the industry. Check out the S-1 photo with their dads. They will not stop until they improve the lives of every trade professional. I remember visiting their office one day, and Ara’s dad stopped by in his work jumpsuit beaming with pride. Ara was in a formal suit. Both suited up for business. ServiceTitan’s success depends on its customers success. The team is obsessed with ROI and making its customers successful. Businesses that operate on ServiceTitan grow faster. The top quartile of customers by utilization grow 20% per year. Great entrepreneurs expand their markets.   When we first invested, ServiceTitan was just in residential plumbing, hvac, and electrical with one core product. It now serves >10 trades and has a large product suite. Today they have crm, erp, fintech, hcm, and field service management. The company has increased the percent of GTV that it captures over time. Today it captures 1%, but if their full product suite is deployed, it’s 2%. And they are just getting started. Thank you Ara and Vahe for giving the trades the sexy software it deserves, and for building mission critical products that power everyday life. $TTAN!

    View organization page for Bessemer Venture Partners, graphic

    184,966 followers

    Today, we celebrate ServiceTitan on their IPO! 🚀 Congratulations to co-founders Ara Mahdessian (CEO), Vahe Kuzoyan (President), and the entire team on this incredible milestone. A decade in the making, ServiceTitan’s journey was inspired by Ara and Vahe’s fathers, who owned trades businesses. Ara and Vahe went on to build ServiceTitan to empower home service companies with the power of software. On behalf of Byron Deeter, Talia Goldberg, and Sameer Dholakia, we at Bessemer celebrate everyone who is part of the ServiceTitan journey. Get the backstory on our 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 and the unforgettable moments that led to today. https://lnkd.in/gqVAeWFY #ServiceTitanIPO #Entrepreneurship #VerticalSaaS

  • Bessemer Venture Partners reposted this

    View profile for Byron Deeter, graphic
    Byron Deeter Byron Deeter is an Influencer

    Partner at Bessemer Venture Partners

    Congratulations, ServiceTitan, on your IPO! 🚀✨ From Series A to today, it has been an incredible privilege to be part of this journey and witness your remarkable leadership, Ara and Vahe! Co-founders and leaders, CEO Ara Mahdessian and President Vahe Kuzoyan, have built a vertical SaaS powerhouse, transforming the home services industry and bringing it into the digital age. Their story is deeply personal. Ara and Vahe are Armenian Americans who emigrated to the U.S. as children. Their fathers worked in the home-service trades, and they grew up watching them rise at dawn, work tirelessly all day, and spend their evenings buried in paperwork—manually handling invoices, scheduling, and other business tasks. That lived experience sparked Ara and Vahe’s passion and continues to fuel ServiceTitan’s mission: to empower the hard-working professionals who keep our homes running. ServiceTitan is often described as a radically customer-first company. Ara and Vahe’s empathy and respect for home service professionals permeate every corner of the business. By deeply listening to their customers’ needs, they’ve created solutions that drive loyalty and fuel growth at every stage. This level of founder-market fit is a rare and undeniable advantage. Building great software takes intellectual horsepower and technical expertise, but combining that with deep industry knowledge and unwavering customer focus? That’s the magic formula. ServiceTitan’s success is also rooted in values. They’ve embraced the Cal Rugby motto: “Grateful for everything, entitled to nothing.” It’s a mantra that speaks volumes about their culture and commitment. Today marks a momentous milestone, but it’s just the beginning.  A big cheers to everyone on this adventure, including Dave S. Olive Huang Ross Biestman Chris Petros Connor Theilmann Chris Trombetta Rikus Pretorius Anmol Bhasin Bryan Olshock Thomas Howard Nina Katsman Scott Booth Jason Rechel, CFA Special thanks to Talia Goldberg and Sameer Dholakia for their invaluable contributions. Talia helped discover ServiceTitan in 2015 and Sameer joined as an outside board member during his time as SendGrid’s CEO and became even more involved after joining Bessemer as a Partner. Here’s to ServiceTitan and to empowering the unsung heroes of home services! 🚀✨ Read the full story: ServiceTitan: https://lnkd.in/gNGfjTmT 

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