About
Anupam Rastogi is an engineer-turned-venture investor who has contributed to over 20 venture investments globally across early to expansion stage, with multiple IPO and M&A outcomes. At Emergent Ventures he focuses on Enterprise AI, partnering with founders early across modern AI, cloud infrastructure, data, security, vertical SaaS, and developer tools. He previously founded NX Partners and held investing roles at NGP Capital, where he led the Intelligent Enterprise team and built its marketplaces practice; he holds Computer Science degrees from IIT Delhi and UT Austin and an MBA from Wharton.
Anupam Rastogi @anupamr
Here's a deeper dive into the drivers, a look at relevant parallels, and what that might mean for frontier lab IPOs: https://t.co/Uh2BeUK2By
Jun 3, 2026
Anupam Rastogi @anupamr
Model API revenue is in a period of low predictability and spiky growth. The exploding inference growth is real. But the revenue line may be far less smooth than the AI adoption curve. That is the distinction public markets will soon underwrite.
Jun 3, 2026
Anupam Rastogi @anupamr
So a 10x task volume growth in a year can mean 3x revenue growth for a frontier model, or a 67% decline. Major swing, depending on how much the tech improved that year, open weight penetration, and other competition.
Jun 3, 2026
Invests in
AI & Machine LearningCloud ComputingCybersecurityData & InfrastructureEnterprise Software
Experience
- Emergent VenturesManaging Partnercurrent2018 β presentSan Francisco Bay Area
- vClusterSeed Investorcurrent2021 β present
- PrezentSeed Investorcurrent2021 β present
- DelightreePre-Seed Investor and Board Directorcurrent2020 β present
- Trener RoboticsSeed Investor and Board Directorcurrent2024 β present
- Privado AISeed Investor and Board Observercurrent2022 β present
- Astra SecuritySeed Investor and Board Directorcurrent2023 β present
- OLOIDSeed Investor and Board Directorcurrent2020 β present
- Observe.AIAngel Investorcurrent2018 β present
- NX PartnersFounder2017 β 2018San Francisco Bay Area
- ngp capitalPrincipal | Thematic Lead - Intelligent Enterprise (AI, IoT) investments2015 β 2017Palo Alto, CA
- NGP CapitalIndia Director2013 β 2015Greater Delhi Area
- NGP CapitalPrincipal | Thematic lead - Local Marketplaces2011 β 2015
- NGP CapitalVice President, Associate2009 β 2011
- MerakiProduct Management2008San Francisco Bay Area
- Altman Vilandrie & CompanyManagement Consultant2006 β 2007Boston, MA
- Winphoria Networks / MotorolaProduct Manager2005 β 2006Greater Boston Area
- VerizonSystems Architect/Program Manager2002 β 2005Greater Boston Area
- AT&T Labs - ResearchResearcher (Intern)2001Middletown, NJ
- IBM ResearchResearcher (Intern)2000New Delhi Area, India
Education
- Indian Institute of Technology, DelhiBachelor of Technology - BTech, Computer Science and Engineering1996 β 2000
- The Wharton SchoolMaster of Business Administration - MBA2007 β 2009
- Massachusetts Institute of TechnologyGraduate Fellow, Entrepreneurship & Innovation2003 β 2004
- The University of Texas at AustinMaster of Science - MS, Computer Science2000 β 2002
Skills & more
+12 more
Product DevelopmentNew MediaBusiness DevelopmentMobile TechnologyCompetitive AnalysisConsultingMobile DevicesInformation TechnologyEntrepreneurshipCorporate GovernanceMarketing StrategyEnterprise SoftwareFrom Anupam's professional profile.
Same school
Also attended Indian Institute of Technology, Delhi79
+ 73 more
Also attended The Wharton School1,323
+ 1,317 more
Also attended Massachusetts Institute of Technology849
+ 843 more
Also attended The University of Texas at Austin247
+ 241 more
Shared employers
Also worked at Trener Robotics6
Also worked at Observe.AI10
+ 4 more
Also worked at Winphoria Networks / Motorola71
+ 65 more
Also worked at Verizon42
+ 36 more
Deals Β· 3
Delightree Inc.Board seat
via EMERGENT VENTURES Β· filed Dec 2025 Β· $14M raise
Rockfish Data, Inc.Board seat
via EMERGENT VENTURES Β· filed Oct 2024 Β· $6M raise
BuyerAssist.io, Inc.Board seat
via EMERGENT VENTURES Β· filed Apr 2022 Β· $3.7M raise
Attribution from SEC filings, press coverage, and firm rosters.
Colleagues at EMERGENT VENTURES
Network5
Investors connected to Anupam in public investor directories β a warm-intro map.











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