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Lak Ananth

Managing Partner at Next47

Palo Alto, California

Overview 

Lak Ananth is the CEO and Managing Partner at Next47, a global venture capital firm based in Palo Alto, California. With a strong background in early-stage investments and corporate development, he has successfully led investments in prominent companies like Verkada and VAST Data, while also serving on the boards of Markforged and TRACTIAN. Ananth's career highlights include his leadership role at Next47, where he oversees strategic investments in emerging markets and disruptive technologies, and his involvement in funding successful companies like TRACTIAN and Verkada, contributing to their growth and success in Series B and D funding rounds.

Work Experience 

  • Chief Executive Officer & Managing Partner

    2016 - Current

    Lak leads Next47, a global venture firm, with over $2 billion in committed capital.

Next47 invests in groundbreaking enterprise entrepreneurs and accelerates revenue growth by opening doors to customers around the world.

  • Investor

    2022

TigerEye is a SAAS company that offers AI powered business simulation engine for strategic sales planning and execution.

Raised $35,000,000.00 from Initialized Capital, Next47, Pioneer Fund and Y Combinator.

  • Board Member

    2022

  • Investor

    2020

Observe.AI is a conversational intelligence platform for contact centers.

Raised $214,020,000.00 from Next47, Emergent Ventures, SoftBank Vision Fund, Scale Venture Partners, Steadview Capital, Nexus Venture Partners, Menlo Ventures, Zoom, NGP Capital and Carya Venture Partners.

  • Board Member

    2020

VAST Data offers a unified data platform that integrates storage, database, and compute capabilities into a single software platform.

Raised $381,000,000.00 from New Enterprise Associates, Fidelity, Bond Capital and Drive Capital.

  • Board Observer

    2019

  • Investor

    2019

  • Board Member

    2018

Verkada is a cloud-based physical security platform provider helping enterprises operate safer, smarter buildings.

Raised $444,299,996.00 from Felicis, Lightspeed Venture Partners, Alkeon Capital, Section Partners, Meritech Capital Partners, Friends & Family Capital, Quiet Capital, Sequoia Capital, Linse Capital and Felicis.

  • Board Member

    2017 - 2021

Markforged is a manufacturing company that invents a new 3D printing process to build parts with the strength of Continuous Carbon Fiber.

Raised $346,800,000.00 from M12 - Microsoft's Venture Fund, Wasatch Ventures, Miller Value Partners, Porsche Automobil Holding, Wellington Management, Baron Capital and BlackRock.

  • Investor

    2016 - 2016

Shape provides defense against malicious automated cyber-attacks on web and mobile applications.

Raised $183,000,000.00 from EPIC Ventures, Norwest Venture Partners, Top Tier Capital Partners, Kleiner Perkins, C5 Capital, JetBlue Ventures and Focus Ventures.

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