How a chance encounter in Texas sparked a $1 billion Kleiner Perkins-backed AI startup [Fortune]
Affiliated Managers Group, Inc. (AMG)
Last affiliated managers group, inc. earnings: 4/27 07:03 am
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Source: Fortune
The two engineers had first met at MIT poker night and built an AI system to handle missed calls—originally, they thought this made sense for restaurants, specifically. But, as Chen and Shrivastava wandered a Texas restaurant conference, a Dallas heating and air company called Rescue Air found them. “When a restaurant misses a phone call, that's a $30, $40 order,” said Chen. “When a home service business misses a phone call, that could be a $30,000, $40,000 HVAC install they're missing. So, instantly, we thought: ‘wait, this is a completely different order of magnitude.'” Chen and Shrivastava already were in town, and spent an afternoon with Rescue Air: “We realized in those few hours that if we could solve this problem well for Rescue Air, it could be massive,” Chen added. For three months in 2023, Chen and Shrivastava built a product especially for Rescue Air—who then helped them find the first several customers for their startup Avoca, which builds AI agents helping physical
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News
- HONEYWELL ANNOUNCES QUARTERLY DIVIDEND [Yahoo! Finance]Yahoo! Finance
- Affiliated Managers Group (AMG) had its "outperform" rating reaffirmed by Barrington Research. They now have a $365.00 price target on the stock.MarketBeat
- Third Avenue Small-Cap Value Fund Q1 2026 Shareholder Letter [Seeking Alpha]Seeking Alpha
- HON Q1 Deep Dive: Portfolio Realignment and Supply Chain Hurdles Shape Outlook [Yahoo! Finance]Yahoo! Finance
- AMG to Announce First Quarter Results on May 1, 2026GlobeNewswire
AMG
Earnings
- 2/12/26 - Beat
AMG
Sec Filings
- 4/28/26 - Form SCHEDULE
- 4/24/26 - Form 3
- 4/17/26 - Form ARS
- AMG's page on the SEC website