RC

Rachel Chalmers

Partner at Heavybit

San Francisco, California

Overview 

Rachel Chalmers is an investor in AI/ML, Data Science, and Developer Tools based in San Francisco, California. With a background in early-stage ventures and corporate venture capital, she has held roles at Heavybit as a Partner and Alchemist Accelerator as President and Managing Director. Chalmers has made significant contributions to the industry through her work with various organizations, including serving as a Venture Partner at Merian Ventures and advising companies like Honeycomb.io. Her expertise lies in investing in diverse founders and early-stage companies in sectors such as Enterprise Infrastructure, DeepTech, and SaaS.

Work Experience 

  • Partner

    2023 - Current

Heavybit is the leading investor in dev-first companies with an unrivaled track record helping technical founders achieve breakout success.

  • Co-Founder

    2023

  • Part-time Partner

    2018

    - Reviewing over 1000 applications/year and selecting the best for interview - Coaching over 100 founders/year in strategy and fundraising - Personally investing in AI companies led by underrepresented minority founders including EngFlow, Loyee and Wave Terminal

  • President, Managing Director

    2020 - 2023

    - Investing in startups that monetize from enterprise - Led AlchemistX, the corporate practice, to profitability by securing clients including AWS, Gerdau, NEC and the governments of Alberta, Japan, Korea and Qatar - Owned LP relationships and secured an additional LP for the core accelerator

AWS Healthcare is a global healthcare accelerator.

  • Venture Partner

    2017 - 2019

    - Investing in women founders in deep tech, including data science and machine learning - Sourced and led investment in Honeycomb and served as board observer - Coached founders of Cirrus Identity, Populus and Provenance in strategy

Merian Ventures funds companies that are women-founded and co-founded in blockchain, cyber, AI, ML, and consumer-facing technology.

  • Advisor

    2017 - 2019

Honeycomb provides full-stack observability for engineering teams to understand, debug, and improve production systems.

Raised $146,900,000.00 from Storm Ventures, Scale Venture Partners, Dominik Richter, Headline, Guillermo Rauch, Insight Partners and Industry Ventures.

  • Principal

    2013 - 2017

    - Investing in developer tools, data science and machine learning - Sourced and led investments in Unikernel and Docker - Named Aviatrix, built customer discovery program, wrote first case study, served as board observer - Ran Listen conference and served as board observer for Wit.ai (acquired by Facebook) - Served as board observer for StrongLoop (acquired by IBM), Accompany (acquired by Cisco), Trifacta (acquired by Alteryx)

Ignition Partners is a venture capital firm dedicated to helping the best entrepreneurs seize opportunity.

  • Advisor

    2011 - 2015

    - Board member for this nonprofit supporting women's involvement in open technology and culture - Created and disseminated Codes of Conduct for technical conferences - Helped run AdaCamps 2012-2014 galvanizing communities of women in technology

  • VP Research, Infrastructure

    2000 - 2013

    - As employee number 10, built and ran the profitable infrastructure practice at this industry analysis firm - First analyst to cover infrastructure unicorns Chef, Cloudera, VMware and Splunk

451 Research is an information technology research and advisory company providing essential insight for the pioneers of the digital economy.

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