Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Illustration: Aïda Amer/Axios
A proprietary machine-learning platform has driven more than $100 million in portfolio-company investments for the venture capital firm EQT Ventures, according to numbers first seen by Axios.
Why it matters: EQT Venture's home-brewed Motherbrain platform represents a notable effort to adapt machine learning to the failure-prone process of picking and choosing early-stage tech investments.
How it works: Motherbrain monitors over 10 million companies and takes data from dozens of structured and unstructured sources to identify patterns that may be useful as EQT Ventures searches for possible investments.
- Part of Motherbrain's appeal is that it can locate companies for potential investments directly through data anywhere in the world, rather than relying on investor connections or geography.
- "Motherbrain is part of our quest to do everything we do in a smarter way," says Henrik Landgren, an operating partner at EQT Ventures who leads the product work on Motherbrain.
Among the companies discovered with Motherbrain's help is Standard Cognition, which develops AI-powered autonomous checkout technology.
- "[EQT Ventures] told us that 'Motherbrain informed us we had to talk to you,'" says Michael Suswal, co-founder and COO of Standard Cognition. "I felt flattered and it made me more interested in the firm. We probably wouldn't have connected with them if it wasn't for Motherbrain."
The bottom line: We often think of automation as outright replacing human jobs, but the Motherbrain platform is an example of another trend: augmenting how humans work.