SRI Ventures

Total Page:16

File Type:pdf, Size:1020Kb

SRI Ventures SRI Ventures E U L A V G N I T S A L G N I T A E COMMERCIALIZATION AT SRI R C SRI International’s groundbreaking discoveries and innovations have led to billions of dollars of marketplace value. An independent research institute in the heart of Silicon Valley, SRI has launched more than 40 ventures with a total market capitalization exceeding $20 billion. We have developed hundreds of high-value licenses. Every day, people around the world use innovative products that SRI pioneered, including the computer mouse, the Internet, HDTV, and Siri. SRI Ventures identifies important and disruptive market opportunities to bring SRI’s breakthrough technology solutions to the marketplace, either through licensing or the formation of new companies. SRI Ventures commercializes innovations resulting from our government- funded R+D to drive new economic growth. M ptive arke sru t O i p D p o r t u n i t y SRI VENTURES B r e TEAM a k t h ro u g n h io Te ut chnical Sol SRI’S PROCESS FOR CREATING VENTURES + LICENSES • Launch road show NEW VENTURE • Launch venture or license LAUNCH • Secure funding • Identify venture or license concept • Identify champion and form team • Develop NABC* and quantitative value proposition • Assign SRI Ventures team member to incubate venture or license VENTURE OR LICENSE CONCEPT M A E T S E R U T N E V nVENTION I ADVISORY R BOARD S SRI COMMERCIALIZATION BOARD • Obtain external venture • Obtain SRI Commercialization capitalist review Board seed funding • Prepare detailed business plan • Engage entrepreneur-in-residence • Refine NABC* and quantitative value proposition • Build prototype/demo of *NABC: Need, Approach, Benefits per cost, Competition technology solution A COMMERCIALIZATION MODEL THAT ASSURES SUCCESS At SRI, innovation is a discipline refined over the last two decades. Our process assures repeatable success in both our R&D and commercialization activities. Our approach to creating ventures and licenses is a leading model of innovation. Rather than attempting to push our technology advances into markets, we meet important market needs with SRI-developed solutions. SRI’s process begins with identifying a disruptive market opportunity, developing a breakthrough technology solution with a sustainable competitive advantage, and creating a business plan that brings the value proposition to life. SRI IS A WORLD-CLASS INNOVATION CENTER, CREATING INDUSTRY-LEADING VENTURES THAT CONTINUE TO CHANGE THE WORLD. THEIR DISCIPLINED INNOVATION PROCESS FOR CREATING VENTURES IS UNPARALLELED. —GARY MORGENTHALER MANAGING DIRECTOR MORGENTHALER VENTURES OUR GROWING VENTURE PORTFOLIO SIRI NUANCE INTUITIVE SURGICAL FIFO ORCHID CELLMARK TRAPIT AVERATEK ARTIFICIAL MUSCLE SONGBIRD HEARING CIC PYRAMID VISION SECURE PRODUCTS TOUT DISCERN LIGHTSCAPE MATERIALS SENSAR SOME OF OUR INVESTMENT PARTNERS MORGENTHALER VENTURES MAYFIELD FUND U.S. VENTURE PARTNERS MENLO VENTURES KHOSLA VENTURES HORIZON VENTURES DRAPER FISHER JURVETSON INTEL CAPITAL KLEINER PERKINS CAUFIELD & BYERS THERE ARE TWO TYPES OF TECH COMPANIES: ONES YOU FIND BY THE HUNDREDS, AND THE RARE GEMS OF DEEP E U L INTELLECTUAL PROPERTY WITH GENUINE MARKET VALUE. A V ONE SUCH GEM IS SIRI, CONCEIVED, ENVISIONED, G N I AND PROTOTYPED AT SRI. MENLO VENTURES WORKED T S A ALONGSIDE SRI, ACTIVELY ENGAGED AS BOARD MEMBERS L G FROM SIRI’S FORMATION THROUGH TO ITS ACQUISITION N I T BY APPLE. IT’S CLEAR THAT SRI HAS WHAT IT TAKES A E TO PRODUCE GREATNESS. R C —SHAWN CAROLAN MANAGING DIRECTOR MENLO VENTURES SRI International 333 Ravenswood Avenue, Menlo Park, CA 94025 SRI VENTURES CONTACT: Norman Winarsky 650.859.2061 [email protected] www.sri.com © 2012 SRI International .
Recommended publications
  • The Bay Area Innovation System Science and the Impact of Public Investment
    The Bay Area Innovation System Science and the Impact of Public Investment March 2019 Acknowledgments This report was prepared for the Bay Area Science and Jamie Lawrence, IBM Corporate Citizenship Manager – Innovation Consortium (BASIC) by Dr. Sean Randolph, California, Hawaii, Nevada, Utah, Washington Senior Director at the Bay Area Council Economic Daniel Lockney, Program Executive – Technology Transfer, Institute. Valuable assistance was provided by Dr. Dorothy NASA Miller, former Deputy Director of Innovation Alliances at Dr. Daniel Lowenstein, Executive Vice Chancellor and the University of California Office of the President and Provost, University of California San Francisco Naman Trivedi, a consultant to the Institute. Additional Dr. Kaspar Mossman, Director of Communications and support was provided by Estevan Lopez and Isabel Marketing, QB3 Monteleone, Research Analysts at the Institute. Dr. Patricia Olson, VP for Discovery & Translation, California Institute for Regenerative Medicine In addition to the members of BASIC’s board of Vanessa Sigurdson, Partnership Development, Autodesk directors, which provided review and commentary throughout the research process, the Economic Institute Dr. Aaron Tremaine, Department Head, Accelerator Technology Research, SLAC National Accelerator Laboratory particularly wishes to thank the following individuals whose expertise, input and advice made valuable Eric Verdin, President & CEO, Buck Institute for Research on Aging contributions to the analaysis: Dr. Jeffrey Welser, Vice President & Lab Director, IBM Dr. Arthur Bienenstock, Special Assistant to the President for Research – Almaden Federal Policy, Stanford University Jim Brase, Deputy Associate Director for Programs, Computation Directorate, Lawrence Livermore National Laboratory About BASIC Tim Brown, CEO, IDEO BASIC is the science and technology affiliate of the Doug Crawford, Managing Director, Mission Bay Capital Bay Area Council and the Bay Area Council Economic Dr.
    [Show full text]
  • SRI Five Disciplines of Innovation
    .com .gov .org R Managing Scientific Innovation © 2015 SRI International Independent, nonprofit research institute 1946 -founded by Stanford University $500+ million in 2,100 21 locations annual revenues staff members worldwide mission World-changing solutions to make people safer, healthier, and more productive © 2015 SRI International Earth & Space Sensing & Devices Health & Biomedical Sciences Areas of expertise Robotics & Automation Information & Computing Innovation & Economic Dev. Chemistry & Materials Education &© 2015Learning SRI International S/W stabilization for mobile chat Confidential project Pharmaceutical development Scientific digital imagers Vehicle-to-vehicle Medical device for continuous Education products communications Mobile banking assistant blood pressure measurement Content summarization Automotive lane sensing Dioxin abatement Innovation eco-system Bringing Innovations to Market Iris biometrics Underwater mass spectrometer SRI R&D projects Confidential project Confidential project © 2015 SRI International Computer Mouse © 2015 SRI International Drawers Full of Patents © 2015 SRI International Innovation is MORE THAN just Science and Technology © 2015 SRI International © 2015 SRI International How do we turn scientific inventions into valuable innovations? © 2015 SRI International Permission from CartoonStock.com © 2015 SRI International Process to Refine the Customer Needs 4. Verify or Pivot 3. Test solution Value with 1. Hypotheses Iterations Proposition customers 2. Test problem with customers Goal: Customers
    [Show full text]
  • SRI Alumni Association August 2013 Newsletter 333 Ravenswood Avenue • M/S AC-108 Menlo Park, CA 94025
    SRI Alumni Association August 2013 Newsletter 333 Ravenswood Avenue • M/S AC-108 Menlo Park, CA 94025 Voicemail: 650-859-5100 Email: [email protected] Web page: http://www.sri.com/about/alumni MESSAGE FROM CHAIRMAN TOM ANYOS It’s Alumni Reunion Time continues to make important contributions to society. Historically, learn a little more about one SRI man’s role in the This year’s annual SRI Alumni Reunion planning of Disneyland and his lasting legacy. Internationally, will be on Friday, September 13, from our colleagues in the UK had an interesting tour of the Globe 4:00 to 7:00 p.m. at the I Building. Theatre, and we take a ride in an ill-equipped taxi in Milan. If you will be in Menlo Park, this is your opportunity to catch up with old As you read this issue, please consider joining the SRI Alumni friends, meet new ones, and learn what’s Association Steering Committee. It’s fun to be involved, and Tom Anyos been happening at SRI over the past you can help the Association maintain its vigor and attract year. We are hoping that Curt Carlson, new members. President and CEO, will be able to join us to report on the status of SRI. Curt’s travels have caused Looking forward to seeing you on Friday, September 13! him to miss past reunions, but this year we are keeping our fingers crossed. He is always a fascinating and thoughtful presenter. Make sure you put Friday the Thirteenth on your calendar! The Annual Reunion is September 13, 2013.
    [Show full text]
  • SRI International
    SRI International May, 2000 Final Report Progress of the Engineering Education Coalitions By: H. Roberts Coward, SRI International Catherine P. Ailes, SRI International Roland Bardon, SRI International Prepared for: Engineering Education and Centers Division National Science Foundation 1611 N Kent Street · Arlington, VA 22209-2192 · (703) 524-2053 · FAX: (703) 247-8569 Acknowledgments and Disclaimer SRI International wishes to acknowledge the extensive and detailed assistance, as well as the hospitality, of the many Engineering Education Coalition faculty and other participants – especially students, as well as university administrators and staff, who aided in providing information to the study team that performed this effort. Of special note are the efforts of the team from SRI’s subcontractor COSMOS Corporation, who performed much of the field research, which involved eleven campus visits by COSMOS and SRI personnel. The encouragement and helpful review of NSF staff members, including Ernest Smerdon, Susan Kemnitzer, and Linda Parker are also greatly appreciated. The views expressed in this report are those of SRI International alone, and do not necessarily represent the views of the National Science Foundation or the U.S. government. Progress of the Engineering Education Coalitions Final Report TABLE OF CONTENTS Table of Contents.........................................................................................................................i EXECUTIVE SUMMARY............................................................................................................iii
    [Show full text]
  • Alternative Certification: Design for a National Study
    Alternative Certification: Design for a National Study Prepared by: SRI International Daniel C. Humphrey Marjorie Wechsler Kristin Bosetti Andrew Wayne Nancy Adelman October 2002 SRI International Alternative Certification: Design for a National Study I. FOCUS OF THE STUDY Introduction Teacher shortages are a major issue in some areas of the country, particularly in urban school districts. Across the nation, the demand for new hires is expected to increase by 2 percent per year for the next several years, with a need to hire approximately 2.5 million teachers over the next ten years (Hussar, 1999). Nationwide, high-poverty schools are chronically unable to attract fully prepared teachers, especially those schools in urban or rural environments (Ingersoll, 1996). In California alone, more than 42,000 classroom teachers—or 14% of the workforce— did not hold preliminary or professional clear credentials in 2000-01. About half of the new teachers in the state begin teaching before completing a preliminary teaching credential. Making matters worse, students in the lowest-performing schools are about five times more likely to be taught by an underprepared teacher than students in high performing schools (Shields et al., 2001). Similar patterns of inequity are found in New York State, where urban schools, the lowest-performing schools, and schools with high numbers of poor and minority students bear the brunt of the maldistribution of underpreprared teachers (Lankford, Loeb, & Wyckoff, 2002). At the same time as the need for new teachers is growing, there is a focus on improving the quality of the nation’s teacher workforce. For more than a decade, most states and school districts have been implementing standards-based reform with mixed results (Cohen & Hill, 1998; Shields, David, Humphrey &Young, 1999).
    [Show full text]
  • KAI Banking & DBS Digibank
    CASE STUDY KAI Banking & DBS digibank June 2017 KAI Banking powers the omni-channel bots and assistants in DBS digibank. Drives down Handles costs 82% of customer inquiries CASE STUDY / KAI Banking & DBS digibank 2 About Kasisto Kasisto is on a mission to enable fnancial institutions to attract, engage, support and transact with their customers via intelligent conversations, anytime, anywhere. • KAI Banking, conversational AI platform, powers omni-channel smart • KAI-powered bots and assistants help customers “do” more with bots and virtual assistants on messaging platforms, mobile apps, web, data-driven insights and actionable recommendations. and IoT devices. • Enterprise-ready, agile platform scales quickly for new products and • Fluent in banking with thousands of banking intents and millions of services, geographies, languages, and more. banking sentences built-into the platform, KAI bots and assistants help customers manage money, track expenses, analyze spending, make • Well-funded and backed by Propel Venture Partners, Two Sigma payments, and more. Ventures, Commerce Ventures, DBS Bank, Mastercard, Wells Fargo, and others. • With contextual and personalized conversations, KAI fulflls requests, solves problems, and predict needs in ways that are as • Spun out of SRI International, leading AI R&D lab and creator of Siri. natural as texting a friend. CASE STUDY / KAI Banking & DBS digibank 3 About DBS • DBS is a leading fnancial services group in Asia, with over $320B in • Recognized for its leadership in the region, having been named assets and 280 branches across 18 markets. “The World’s Best Digital Bank” by Euromoney, “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in • DBS believes that banks tomorrow will look fundamentally diferent Asia-Pacifc” by Global Finance.
    [Show full text]
  • The ARPANET Interface Message Processor (IMP) Port Expander (PE)
    The ARPANET Interface Message Processor (IMP) Port Expander (PE) Technical Report 1080-140-1 November, 1980 Holly A. Nelson, Systems Programmer James E. Mathis, Research Engineer James M. Lieb, Research Engineer Telecommunications Sciences Center Computer Science and Technology Division This research was sponsored by the Defense Advanced Research Projects Agency under ARPA Order No.2302, Contract MDA903-80-C-0222, monitored by Dr. B. Leiner. The views and conclusions contained in this document are those of the authors and should not be interpreted as necessarily representing the official policies, either expressed or implied, of the Defense Advanced Research Projects Agency or the United States Government. SRI Project 1080 SRI International 333 Ravenswood Avenue Menlo Park, California 94025 (415) 326-6200 Cable: SRIINTL MPK TWX: 910-373-1246 Technical Writing By: Forrest Warthman Warthman Associates 560 Waverley Street Palo Alto, CA 94301 The ARPANET Interface Message Processor (IMP) Port Expander Contents Contents . iii Preface . v 1 Introduction . 1 2 The Port Expander (PE) Concept. 2 2.1 Destination-Address Demultiplexing . 2 2.2 Packet Routing . 4 2.3 Major Features and Restrictions . 5 3 Hardware Diagrams and Specifications . 6 4 Installation and Startup . 10 4.1 Power and Environmental Requirements . 10 4.2 Mounting Space . 10 4.3 Cable Connectors . 12 4.4 Board List . 12 4.5 Documentation Checklist. 12 4.6 Software Downloading and Startup. 13 5 Basic Operation. 15 5.1 The PE Console (PECON) Process . 15 5.2 Command Summary . 15 5.3 Monitor Messages . 21 6 Port Expander Software . 23 6.1 Data Structures . 23 6.1.1 Static Data Structures.
    [Show full text]
  • Open Letter to GCHQ Government Communications Headquarters
    Open Letter to GCHQ Government Communications Headquarters Hubble Road Cheltenham GL51 0EX United Kingdom May 22, 2019 To Whom It May Concern: The undersigned organizations, security researchers, and companies write in response to the proposal published by Ian Levy and Crispin Robinson of GCHQ in Lawfare on November 29, 2018, entitled ​ ​ ​ ​ “Principles for a More Informed Exceptional Access Debate.”1 We are an international coalition of civil society organizations dedicated to protecting civil liberties, human rights, and innovation online; security researchers with expertise in encryption and computer science; and technology companies and trade associations, all of whom share a commitment to strong encryption and cybersecurity. We welcome Levy and Robinson’s invitation for an open discussion, and we support the six principles outlined in the piece. However, we write to express our shared concerns that this particular proposal poses serious threats to cybersecurity and fundamental human rights including privacy and free expression. The six principles set forth by GCHQ officials are an important step in the right direction, and highlight the importance of protecting privacy rights, cybersecurity, public confidence, and transparency. We especially appreciate the principles’ recognition that governments should not expect “unfettered access” to user data, that the “trust relationship” between service providers and users must be protected, and that “transparency is essential.” Despite this, the GCHQ piece outlines a proposal for “silently adding a law enforcement participant to a group chat or call.” This proposal to add a “ghost” user would violate important human rights principles, as well as several of the principles outlined in the GCHQ piece.
    [Show full text]
  • Geoweb Rdf Schema
    SRI International SRI's Digital Earth Project August 1, 2002 Technical Note No. 560 Prepared By: Yvan Leclerc, Artificial Intelligence Center Martin Reddy, Artificial Intelligence Center Michael Eriksen, Artificial Intelligence Center John Brecht, Center for Technology and Learning SRI International David Colleen, Planet 9 Studios Approved by: C. Raymond Perrault, Director Artificial Intelligence Center William S. Mark, Vice President Information and Computing Sciences SRI International’s Digital Earth Project 1 SRI’s Digital Earth Project Y. Leclerc†, M. Reddy†, M. Eriksen†, J. Brecht‡, and D. Colleen* †Artificial Intelligence Center, SRI International, Menlo Park, CA ‡Center for Technology and Learning, SRI International, Menlo Park, CA *Planet 9 Studios, San Francisco, CA INTRODUCTION Objective The goal of SRI International’s Digital Earth project was to develop the infrastructure for an open, distributed, multiresolution, 3-D representation of the earth, into which massive quantities of georeferenced information can be embedded (Figure 1). Ex-Vice-President Al Gore referred to this vision as the “Digital Earth” (Gore, 1998). This required, in part, vast resources to build and maintain synthetic models of the earth, resources that only a worldwide distributed effort can achieve. It also required an internetwork capable of storing and rapidly indexing massive quantities of data by geographical location (color imagery of the planet at 1-cm resolution alone requires 1 petabyte of storage) and of delivering the data required for a given viewpoint at rates as high as 50 Mbits/s per person. Figure 1. A high-resolution 3-D model of the National Mall area in Washington D.C., built as part of SRI International’s Digital Earth project.
    [Show full text]
  • DARPA's Approach to Innovation
    DARPA’s Approach to Innovation: an Alternative Model for Funding Cutting- Edge Research and Development Lawrence H. Dubois SRI International Menlo Park, CA DARPA Innovation 11-05 slide 1 Today’s Changing World: Exceptional challenges … and opportunities Schumpeter’s Accelerating Waves Our world is – increasingly complex and chaotic – dynamic, accelerating – non-linear – increasingly multidisciplinary – growing exponentially (e.g., Moore’s Law, Metcalf’s Law) SuccessfulSuccessful innovationinnovation isis notnot thethe resultresult ofof luckluck oror lonelone geniusgenius –– rather rather itit isis thethe resultresult ofof aa disciplined,disciplined, continuouscontinuous improvementimprovement processprocess withwith anan unrelentingunrelenting focusfocus onon creatingcreating thethe highesthighest customercustomer valuevalue DARPA Innovation 11-05 slide 2 Success Requires New Ways of Operation: DARPA • DARPA – Defense Advanced Research Advanced Projects Agency – Founded in 1958 in response to Sputnik • Mission – Avoid technological surprise – Innovation in support of national security • Focus: High-payoff technologies and military concepts with an emphasis on Joint – Broader horizon than commercial analogues – More focused than traditional university research – Not bound by military requirements – High-risk is the price to pay • Characteristics – Significant authority with minimal near-term responsibility – Large budgets – Agility – “Top cover” DARPA Innovation 11-05 slide 3 Moving up the Value Curve Product commoditization Product and
    [Show full text]
  • AI for Automotive 150218
    AI for Automotive Dr. Bill Mark President, Information and Computing Sciences SRI International Menlo Park, CA © 2018 SRI International. All Rights Reserved. © 2018 SRI International. All Rights Reserved. Independent, non-profit research institute founded by Stanford University in 1946 • 2,000+ staff members; 2/3 advanced degrees San Francisco • $500M+ in annual revenues Sand Hill Road Stanford University > $4B in research over last 10 years • 1,000 R&D projects per year San Jose • 4,000 patents, 500 new inventions per year § 60+ spin-off companies & 100+ licenses © 2018 SRI International. All Rights Reserved. SRI Spinoff Companies acquired by acquired by Google ISRG (NASDAQ) acquired by Apple Chan Zuckerberg Initiative NUAN (NASDAQ) ORCH (NASDAQ) acquired by Dow acquired by acquired by acquired by Nokia Parker Hannifin Morpho/Sarfan Exits acquired by acquired by acquired by Lighting Science Redbrick Health acquired by ConVerge One acquired by SalesForce Yahoo AI for Financial Tech Industrial Automation Wearable Robotics Agricultural Robotics Education LiDAR Systems Active Voice Analytics Space Services Metal “print and plate” Online Gaming Biometrics Video Content Distribution manufacturing process © 2018 SRI International. All Rights Reserved. Information and Computing Sciences Division Intellectual property Virtual Personal Key IP in vision, speech, information security, virtual assistant, Machine computational biology Learning Assistance Licenses VPA Vision Systems & Artificial Intelligence Cyber DynaSpeak Robotics Center Security ATSE SenSay AnalyticsTM BotHunter Center for Vision Computer Science VisionIP Technologies Laboratory Augmented Ventures Reality Speech Technology Emotion and Research Lab Formal Detection Design Speech Speaker Recognition Identification © 2018 SRI International. All Rights Reserved. 3 Themes Big Data: the power of correlation Small Data: the power of interaction Trusting and collaborating with AI © 2018 SRI International.
    [Show full text]
  • April 2013 Newsletter 333 Ravenswood Avenue • M/S AC-108 Menlo Park, CA 94025
    SRI Alumni Association April 2013 Newsletter 333 Ravenswood Avenue • M/S AC-108 Menlo Park, CA 94025 Voicemail: 650-859-5100 Email: [email protected] Web page: http://www.sri.com/about/alumni MESSAGE FROM CHAIRMAN TOM ANYOS SPRING IS HERE! Highlights of the Contents of This Issue We send our warm best wishes to SRI In these times of tight government budgets and limited alumni all over the world with hopes spending, do you want to know where SRI’s future lies? Read that you soon will be experiencing the what Curt Carlson had to say at the February All-Hands joys of spring weather—and that means Meeting. Do you know that SRI is seeking to modernize no more snow! its Menlo Park campus? By the way, do you know how SRI wound up on those beautiful 25 acres? Who received this Tom Anyos year’s SRI Presidential Achievement Award? What did they do to win it? Who are the new leaders of the Education Division, Spring Fling 2013 and who is the newest member of the SRI Board of Directors? Which former SRI secretary has become a published author, Speaking of spring, don’t forget to sign up for this year’s and how did she do it? Get the answers to these questions and Spring Fling if you will be in the Bay Area on April 25! The learn about some recent SRI research programs and about a Monterey Bay Aquarium, always an interesting destination, new spin-off in this issue of the newsletter.
    [Show full text]