Technology
Hrach Simonian
General Partner / West Coast
Since 2007
Hrach is an engineer-turned-investor who helped build Canaan West Coast. Whether investing in consumer or enterprise tech, Hrach looks for the marketplace elements - and how to make them efficient. Previously, Hrach was an Associate at Rutberg & Company and a laser researcher at Northrop Grumman. He holds an MBA from the Stanford Graduate School of Business, an M.S. in Electrical Engineering from the University of Michigan in Ann Arbor, and a B.S. in Electrical Engineering from UCLA.
Hrach in 5
Origins: Born in Glendale, CA
Sports: Dubs
Talent: With some duct tape, I could fix that
Dream Job: Astronaut
Bucket List: Wingsuit
Investments
Current
NYSE (AEVA)
NASDAQ (CART)
Previous
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Zugata
Acquired by CultureAmp
Latest
TechCrunch: Five Takeaways from Instacart’s S-1 Filing
TechCrunch: With a $50M Series C, Instrumental looks to expand data-driven manufacturing solution
Bloomberg: SoftBank Vision Fund 2 backs steel, aluminum marketplace Reibus
CNBC: 4D LiDAR technology providing a competitive edge – Aeva CEO
Forbes: With supply-chain constraints in the spotlight, an Atlanta-based marketplace for industrial metals raises $20M for expansion
Bloomberg: Instacart expands online food-stamp payments, challenging rivals
Aeva to trade on NYSE as "AEVA" beginning on March 15
CNBC: Aeva CEO Soroush Salehian on taking the company public via SPAC
CNBC: Aeva CEO says 4D lidar technologies will be in production by 2024
Reuters: Aeva to work with Denso on 'mass market' lidar sensors
CNBC: Instacart taps Goldman Sachs banker as CFO ahead of expected 2021 IPO
TechCrunch: Lidar startup Aeva raises another $200M ahead of its debut as a public company
Forbes: Laser sensor startup Aeva may see $2B valuation from NYSE Listing
TechCrunch: Lidar startup Aeva to go public via $2.1B SPAC merger
Bloomberg: Venture investor Canaan raises $800 million for new fund
Bloomberg: Instacart valuation jumps to $17.7B in grocery investment
TechCrunch: Instacart raises $200M more at $17.7B valuation
Forbes: Walmart Takes A Smart Step By Teaming Up With Instacart On Delivery
CNN: Instacart partners with Walmart to compete with Amazon
TechCrunch: Instrumental raises $20M to scale its AI-powered manufacturing tech
The Information: Instacart blows past Walmart in online grocery business
CNN: Instacart now valued at nearly $14 billion after 'unprecedented surge' in demand during pandemic
Bloomberg: Apple veterans’ lidar startup adds $200M to SPAC deal
TechCrunch: Aeva snags VW investment with smaller, longer-range lidar
The Financial Times: Volkswagen invests in Aeva self-driving vision start-up
Bloomberg: No Whole Foods, no problem - Instacart shakes off loss of grocer
Forbes: Startup nTopology raises $20M to expand its next-gen design software
ABC News: How some moms supplement income working for grocery shopping apps like Instacart
NPR: Why suburban moms are delivering your groceries
Variety: Tubular Labs brings in Viacom & BuzzFeed on project to establish social-video metrics
Reuters: Aeva signs sensor deal with Audi's self-driving unit
CNN: Instacart CEO reaffirms IPO is 'definitely' on the horizon
Forbes: At $7.6B valuation, Instacart says IPO 'on the horizon'
Forbes: Ex-Apple engineers raise $45MM For ‘generational leap’ vision tech for robot cars
WSJ: Cargomatic gets new funding as rebuilding effort gains traction
TechCrunch: In wake of Amazon/Whole Foods deal, Instacart has a challenging opportunity
LA Times: Silicon Valley’s acquisition targets aren’t in tech anymore
TechCrunch Equity Podcast with Maha and Hrach: Dropbox’s capital appetite and average revenue per dog
TechCrunch: Zugata raises $7 million to make annual performance reviews obsolete
Tech Republic: How to structure your startup as the company grows
Deepak Kamra: Capella Space: Getting the full picture
Hrach in 5
Origins: Born in Glendale, CA
Sports: Dubs
Talent: With some duct tape, I could fix that
Dream Job: Astronaut
Bucket List: Wingsuit