Stillmark appoints Vikash Singh as main investor

Stillmark, the world’s first Bitcoin-focused venture capital firm, today announced the appointment of artificial intelligence expert Vikash Singh as a Lead Investor as the company looks to continue the momentum it has built. raised $40 million in funding for investments in Bitcoin and Lightning startups.

Vikash joins X, Google’s moonshot lab, and Sandbox, a division of Alphabet focused on artificial intelligence and physics, where he works as a research engineer on artificial intelligence in biotechnology and computing. quantum. Prior to that, Vikash spent nearly 5 years at Heal, a Series D healthcare technology company that he joined at the seed stage. Here he led AI/ML engineering efforts, including the development of manufacturing machine learning systems along with an in-house automated routing engine for medical teams, a core element in the company’s operations.

At Stillmark, Vikash will focus on identifying and cultivating relationships with steadfast founders who are building at the frontiers of Bitcoin innovation, as well as supporting the top engineering teams included in the portfolio. Stillmark investment. With the Lightning Network rapidly maturing, his experience in leading research and early engineering projects will be invaluable in informing his work with startups that are building Build new applications or infrastructure on the Lightning Network. He will also play a central role in preparing Stillmark for future growth, after a year when Stillmark Fund I was oversubscribed twice.

Since its launch in 2019, Stillmark has invested in and supported a wide range of startups shaping the future of the Bitcoin ecosystem, including Lightning Labs, which facilitated El Salvador’s bitcoin adoption. In the form of legal tenders and broader global bitcoin payments, Casa, launched and defined the secure self-governing portfolio of Bitcoin and Satoshi Energy, bridging the gap between renewable energy assets and miners bitcoin to add profit centers for energy projects and provide cheap energy for miners.

Stillmark Managing Partner Alyse Killeen said: “Vikash and I have been colleagues and friends for over six years, and I was on the moon that he decided to join and help propel us forward. He has multi-faceted background knowledge, from cutting-edge research to manufacturing engineering to assist early stage startups in scaling. It is rare to find such an array of experiences and it will be extremely beneficial for our portfolio. To give a real-world example – his previous experience in applying geometric deep learning in an interdisciplinary manner, to healthcare, biotechnology, and quantum computing, says his work and Vikash’s current research on Lightning Network, including the areas of algorithmic challenge in channel management, liquidity optimization and route optimization. ”

Vikash Singh said: “Stillmark has played an important role in supporting entrepreneurs driving the Bitcoin revolution; I am delighted to have had the opportunity to work alongside these groups to help accelerate the company’s growth and impact the industry. Bitcoin has always been an extremely exciting field, but with new technical developments especially in Layer 2 technology like Lightning, the premise is set for Bitcoin to positively impact the lives of billions of people across the world. around the world. ”

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Fry Electronics Team

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