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Insight Partners’ Deven Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic
Deven Parekh has co-run the heavyweight investment firm Insight Partners for 26 years. Unlike many VCs who are loud on X and seem to live on podcasts, Parekh and Insight Partners tend to lay low.
AI Summary
Devin Parekh of Insight Partners discussed the firm’s recent loss of Legora to General Catalyst while confirming that it still retains stakes in competing AI laboratories. He explained that, despite a market rush toward OpenAI and Anthropic, Insight Partners—backed by a $90 billion fund—intentionally maintains a diversified AI portfolio.
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