Betaworks

Betaworks is a New York-based startup studio, accelerator, and ecosystem builder that creates, funds, and scales technology companies. Founded in 2008, it operates an accelerator program and supports early-stage ventures across information technology, software as a service, gaming, e-sports, and frontier technologies such as artificial intelligence and virtual and augmented reality. Betaworks also runs Betaworks Studios, a New York City membership space that enables collaboration, mentorship, events, work sessions, and company-building activity within its network. Through Betaworks Ventures, the firm maintains a product-focused seed investment arm with a presence in New York and San Francisco, having invested in more than 150 companies.

Joshua Auerbach

Venture Partner

Neel Baronia

Associate

John Borthwick

CEO and Founder

Jordan Crook

Partner

Jason Morrow

Partner

Nicole Ripka

Associate

Past deals in Open Source

All Hands AI

Seed Round in 2024
All Hands AI is a technology company that specializes in developing open-source artificial intelligence agents for developers. These agents are designed to automate various tasks, such as writing code, running commands, and interacting with the web, thereby helping developers to streamline their workflow and reduce time spent on repetitive tasks. The company prioritizes security and collaborates with AI safety experts to ensure the safe and responsible use of its technology.

Flower Labs

Series A in 2024
Flower Labs is an open-source framework dedicated to advancing artificial intelligence through federated learning. By enabling companies to train AI models on distributed, sensitive data, Flower Labs addresses a critical challenge in the AI landscape where most models rely on centralized public data. The platform is designed to be interoperable across various operating systems and hardware, allowing for seamless integration in heterogeneous edge device environments. It supports a wide range of machine learning frameworks and programming languages, making federated approaches accessible to a diverse set of users. Notable companies such as Banking Circle, Nokia, Porsche, and Brave utilize Flower to enhance their AI capabilities while maintaining data privacy and security. This innovative approach aims to leverage significantly more data, unlocking potential advancements in AI development.

Flower Labs

Pre Seed Round in 2023
Flower Labs is an open-source framework dedicated to advancing artificial intelligence through federated learning. By enabling companies to train AI models on distributed, sensitive data, Flower Labs addresses a critical challenge in the AI landscape where most models rely on centralized public data. The platform is designed to be interoperable across various operating systems and hardware, allowing for seamless integration in heterogeneous edge device environments. It supports a wide range of machine learning frameworks and programming languages, making federated approaches accessible to a diverse set of users. Notable companies such as Banking Circle, Nokia, Porsche, and Brave utilize Flower to enhance their AI capabilities while maintaining data privacy and security. This innovative approach aims to leverage significantly more data, unlocking potential advancements in AI development.

Tea

Seed Round in 2022
Tea Inc. is a Puerto Rico-based corporation focused on developing an open-source toolkit that streamlines the software development process. Known for its feature-rich, unified package manager, Tea aims to empower developers by providing a comprehensive set of tools that abstracts away complexities, allowing them to work across various platforms seamlessly. The company envisions revolutionizing the open-source landscape by not only facilitating the creation of software but also enabling developers to receive recognition and rewards through the implementation of blockchain protocols. This innovative approach supports a thriving community of creators and enhances productivity in the development ecosystem.

Hugging Face

Series C in 2022
Founded in 2016, Hugging Face is a New York-based company that aims to democratize good machine learning. It provides an open-source platform for collaborating on machine-learning projects, including models, datasets, and applications.

Cube Dev

Series A in 2021
Cube Dev provides an open-source analytical API platform that enables internal business intelligence and customer-facing analytics through a semantic layer. The semantic layer unifies business logic, centralizes governance and security, and optimizes query performance, while supporting integration with any data endpoint. Cube Cloud offers a managed infrastructure with query inspection and tracing, monitoring, and pre-aggregation management. The platform includes visualization-agnostic tools for building user interfaces and analytical APIs, and supports modern data stores to handle large data volumes with built-in security. Cube Dev serves organizations seeking scalable, governed analytics applications.

Charm

Seed Round in 2021
Charm develops an open-source coding platform, with tools to improve the visual appearance and store data, to read command markdowns while coding. It currently sells three products, including Glow, an open-source terminal-based markdown reader that allows developers to view documentation such as readme files directly from the command line. It also renders markdown to make the text easier to read and allows users to create a private, encrypted documentation library. Toby Padilla and Christian Rocha founded Charm in 2019.

Hugging Face

Series B in 2021
Founded in 2016, Hugging Face is a New York-based company that aims to democratize good machine learning. It provides an open-source platform for collaborating on machine-learning projects, including models, datasets, and applications.

Cube Dev

Seed Round in 2020
Cube Dev provides an open-source analytical API platform that enables internal business intelligence and customer-facing analytics through a semantic layer. The semantic layer unifies business logic, centralizes governance and security, and optimizes query performance, while supporting integration with any data endpoint. Cube Cloud offers a managed infrastructure with query inspection and tracing, monitoring, and pre-aggregation management. The platform includes visualization-agnostic tools for building user interfaces and analytical APIs, and supports modern data stores to handle large data volumes with built-in security. Cube Dev serves organizations seeking scalable, governed analytics applications.

Hugging Face

Series A in 2019
Founded in 2016, Hugging Face is a New York-based company that aims to democratize good machine learning. It provides an open-source platform for collaborating on machine-learning projects, including models, datasets, and applications.

Hugging Face

Seed Round in 2018
Founded in 2016, Hugging Face is a New York-based company that aims to democratize good machine learning. It provides an open-source platform for collaborating on machine-learning projects, including models, datasets, and applications.

Jovo

Convertible Note in 2017
Jovo is a developer of an open-source framework specifically designed for creating cross-platform voice applications, such as those for Alexa Skills and Google Assistant. The company focuses on facilitating the development of multimodal applications, allowing developers to build voice apps that can function across various platforms. Jovo provides essential resources, including support and tutorials, to assist clients in navigating the complexities of voice application development. Through its framework, Jovo aims to enhance the accessibility and functionality of voice technology for developers worldwide.

Hugging Face

Angel Round in 2017
Founded in 2016, Hugging Face is a New York-based company that aims to democratize good machine learning. It provides an open-source platform for collaborating on machine-learning projects, including models, datasets, and applications.

Devpost

Series A in 2009
Devpost, Inc. operates an online platform that facilitates hackathons and competitions for software developers and organizations. Founded in 2008 and based in New York, the company provides a space for software makers to showcase their projects, gain visibility, and compete for prizes. Devpost also enables organizations to promote their APIs, SDKs, and open datasets, fostering engagement with the developer community. By powering numerous virtual and in-person hackathons worldwide, Devpost encourages developers to enhance their skills, learn new technologies, and expand their professional networks. The platform is designed to inspire innovation and drive meaningful change through technology. Formerly known as ChallengePost, Inc., the company rebranded to Devpost, Inc. in July 2015.
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