Gray Ventures

Gray Ventures is a venture capital firm based in Atlanta, Georgia, that has historically invested in early‑stage technology companies in the southeastern United States. It has focused on information technology and B2B software as a service opportunities, with activity centered in Atlanta and the Research Triangle Park region. Typical investments ranged from 0.5 million to 3 million, with a preference for minority stakes and for obtaining a board seat or observer rights. The firm has aimed to be a lead investor while co‑investing with other professional investors, supporting portfolio companies as they progress from seed to Series A funding and scale their operations.

Bernard W. Gray

Founder, President and CEO

20 past transactions

Pitchit.ai

Seed Round in 2024
Pitchit is a technology company that provides an AI-driven platform designed to enhance the fundraising process for both founders and investors. By facilitating connections between these two groups, Pitchit helps investors identify and engage with potential startups more efficiently, enabling faster deal closures. The platform utilizes advanced lead qualification capabilities to manage inbound leads from various channels, automating tasks such as addressing pricing inquiries, overcoming common objections, and scheduling meetings. This hands-free approach integrates seamlessly with existing sales operations, allowing users to execute scalable, multichannel marketing campaigns and improve engagement with prospective clients. Overall, Pitchit focuses on streamlining the fundraising journey through innovative AI solutions.

QuantHub

Series A in 2024
QuantHub, LLC, founded in 2018 and headquartered in Birmingham, Alabama, specializes in enhancing data literacy and preparing individuals for the demands of a data-driven economy. The company offers a data science platform designed for the hiring process, providing tools for businesses to attract, assess, and develop data scientists. QuantHub's innovative learning solutions are tailored for a diverse audience, including K-12 students and corporate professionals, and utilize advanced analytics and machine learning to create personalized educational experiences. Their services include customized learning paths, professional development for educators, and assessment tools that help employers evaluate and upskill their teams. By integrating data literacy into standard curricula and promoting comprehensive digital skills, QuantHub aims to bridge the gap between education and career readiness, positioning itself as a leader in the evolving educational landscape.

RichRelevance

Series E in 2012
RichRelevance, Inc. is a leading provider of omnichannel personalization solutions, enabling multinational companies to enhance customer experiences across various platforms, including web, mobile, and in-store environments. Founded in 2005 and headquartered in San Francisco, the company offers a comprehensive personalization platform known as Relevance Cloud, which includes tools such as RichRelevance Discover for personalized search and browsing, RichRelevance Engage for targeted marketing campaigns, and RichRelevance Recommend for data-driven product suggestions. Additionally, RichRelevance provides API-based tools through RichRelevance Build and strategic decision-making support with RichRelevance Xen AI. The firm serves over 240 clients worldwide, driving significant sales and daily decision-making processes. It has a global presence with offices in major cities, including New York, Seattle, London, and Paris, and operates as a subsidiary of Manthan Software Services Pvt. Ltd. RichRelevance's capabilities and services are designed to create differentiated customer experiences in an integrated retail landscape.

Overture Networks

Venture Round in 2010
Overture Networks, Inc. specializes in providing virtualization solutions and high-speed carrier Ethernet edge and aggregation services tailored for carrier-class service providers. Founded in 2000 and headquartered in Morrisville, North Carolina, with additional development offices in Westford, Massachusetts, and Bangalore, India, the company offers a diverse range of products. These include the Overture Orchestrator for cost-effective service delivery, Overture Analytics for actionable intelligence, and various Ethernet access devices that facilitate the transition from traditional TDM infrastructure to modern Ethernet networks. Key offerings also encompass the Overture 65vSE, a carrier-class server, and platforms like the Overture 6500 for performance-assured services across multiple transport mediums. By integrating packet-switched and circuit-switched technologies, Overture Networks delivers adaptable and cost-efficient solutions that cater to various service provider requirements.

Overture Networks

Series C in 2006
Overture Networks, Inc. specializes in providing virtualization solutions and high-speed carrier Ethernet edge and aggregation services tailored for carrier-class service providers. Founded in 2000 and headquartered in Morrisville, North Carolina, with additional development offices in Westford, Massachusetts, and Bangalore, India, the company offers a diverse range of products. These include the Overture Orchestrator for cost-effective service delivery, Overture Analytics for actionable intelligence, and various Ethernet access devices that facilitate the transition from traditional TDM infrastructure to modern Ethernet networks. Key offerings also encompass the Overture 65vSE, a carrier-class server, and platforms like the Overture 6500 for performance-assured services across multiple transport mediums. By integrating packet-switched and circuit-switched technologies, Overture Networks delivers adaptable and cost-efficient solutions that cater to various service provider requirements.

EGT

Series C in 2006
EGT engages in the design and manufacture of digital video signal processing equipment for television distribution over cable, satellite, and Internet protocol television networks. It offers encoder solutions for delivering various channels with quality picture; head end micro solutions, a multi-channel edge encoder used for insertion of local channels in MDUs and closed community markets; and system solutions that offer interfaces for managing the video networks, as well as provides redundancy solutions for video service operators.

LiveWire Logic

Series A in 2004
LiveWire Logic provides AI technologies that can conduct human-like conversations to help customers make purchase decisions. It was founded in 2000 and is based in Morrisville, North Carolina.

Silverpop

Series C in 2003
Silverpop is a digital marketing software company that specializes in email marketing and marketing automation solutions. It focuses on enhancing customer experiences by leveraging customer data and individual behaviors to guide real-time interactions. This capability allows marketers to automate highly personalized communications on a large scale. Silverpop's tools cater to both B2C and B2B marketers across various industries, making it a trusted partner for over 5,000 brands worldwide. By transforming how enterprises communicate with customers, Silverpop plays a significant role in driving engagement and revenue growth.

EGT

Series B in 2003
EGT engages in the design and manufacture of digital video signal processing equipment for television distribution over cable, satellite, and Internet protocol television networks. It offers encoder solutions for delivering various channels with quality picture; head end micro solutions, a multi-channel edge encoder used for insertion of local channels in MDUs and closed community markets; and system solutions that offer interfaces for managing the video networks, as well as provides redundancy solutions for video service operators.

Overture Networks

Series B in 2002
Overture Networks, Inc. specializes in providing virtualization solutions and high-speed carrier Ethernet edge and aggregation services tailored for carrier-class service providers. Founded in 2000 and headquartered in Morrisville, North Carolina, with additional development offices in Westford, Massachusetts, and Bangalore, India, the company offers a diverse range of products. These include the Overture Orchestrator for cost-effective service delivery, Overture Analytics for actionable intelligence, and various Ethernet access devices that facilitate the transition from traditional TDM infrastructure to modern Ethernet networks. Key offerings also encompass the Overture 65vSE, a carrier-class server, and platforms like the Overture 6500 for performance-assured services across multiple transport mediums. By integrating packet-switched and circuit-switched technologies, Overture Networks delivers adaptable and cost-efficient solutions that cater to various service provider requirements.

SPI Dynamics

Series A in 2002
SPI Dynamics Incorporated specializes in web application security products and services. The company offers a range of solutions designed to safeguard organizations from online threats. Its key offerings include the Assessment Management Platform, which allows for automated security assessments of websites, and WebInspect, a tool that identifies both known and unknown vulnerabilities in web applications. By providing these services, SPI Dynamics aims to prevent online attacks and protect critical information within the web application layer.

Overture Networks

Series A in 2002
Overture Networks, Inc. specializes in providing virtualization solutions and high-speed carrier Ethernet edge and aggregation services tailored for carrier-class service providers. Founded in 2000 and headquartered in Morrisville, North Carolina, with additional development offices in Westford, Massachusetts, and Bangalore, India, the company offers a diverse range of products. These include the Overture Orchestrator for cost-effective service delivery, Overture Analytics for actionable intelligence, and various Ethernet access devices that facilitate the transition from traditional TDM infrastructure to modern Ethernet networks. Key offerings also encompass the Overture 65vSE, a carrier-class server, and platforms like the Overture 6500 for performance-assured services across multiple transport mediums. By integrating packet-switched and circuit-switched technologies, Overture Networks delivers adaptable and cost-efficient solutions that cater to various service provider requirements.

BlueBolt Networks

Series A in 2001
BlueBolt Networks is a software company creating solutions for the $190 billion interiors industry. BlueBolt combines technology with standardized, comprehensive and accurate information on interior products to enable all members of the industry to work together more efficiently. The company was founded in 1999 by Lori Eichel, a textile designer with 20 years of experience in computer-aided design and product development. Based on the strength of the initial product design, BlueBolt Networks recruited President and CEO Al Kabus, a leader in the interiors industry with more than 20 years of experience. Today, BlueBolt Networks' management team includes more than 70 years of cumulative experience working for some of the industry's top brands.

LiveWire Logic

Venture Round in 2001
LiveWire Logic provides AI technologies that can conduct human-like conversations to help customers make purchase decisions. It was founded in 2000 and is based in Morrisville, North Carolina.

Electrifier

Seed Round in 2000
Electrifier is an IT consulting firm allowing customers to go online to create media presentations. Founded in 1995 by brothers Mihail and Humayun Lari, Electrifier is headquartered in Palo Alto, California.

Silverpop

Series B in 2000
Silverpop is a digital marketing software company that specializes in email marketing and marketing automation solutions. It focuses on enhancing customer experiences by leveraging customer data and individual behaviors to guide real-time interactions. This capability allows marketers to automate highly personalized communications on a large scale. Silverpop's tools cater to both B2C and B2B marketers across various industries, making it a trusted partner for over 5,000 brands worldwide. By transforming how enterprises communicate with customers, Silverpop plays a significant role in driving engagement and revenue growth.

Chutney Technologies

Series A in 2000
Chutney Technologies, Inc. operates as an Internet infrastructure company. It engages in delivering enterprise-scale software object execution technologies. It develops software and firmware products that enable advances in the way Web and e-commerce application servers interact with users. The company’s products include APPTIMIZER, a memory and task virtualization solution; STATESTORE, a session virtualization solution for interactive enterprise applications that virtualizes application state, providing improvements in session availability, support for large session objects, and improved reliability; and APPTUALIZER, an application layer software solution that allows a collection of application servers to function as a single logical server. Its products are used in various industries, including financial services, retail, transportation, and travel and leisure. Chutney Technologies, Inc. was founded in 1999 and is based in Redwood City, California.

Technauts

Series B in 1999
Technauts to meet the demand of small to medium businesses, departments and branch offices for simple affordable.

MicroMass Communications

Venture Round in 1998
MicroMass Communications is a marketing agency specializing in healthcare communications, dedicated to applying evidence-based behavior change strategies to enhance patient health outcomes. Resulting from the merger of SPS and MicroMass, it has become one of the largest independent, full-service healthcare marketing and medical communications agencies in the Southeast. The agency offers a range of services, including patient engagement, relationship marketing, and health behavior consulting, primarily serving pharmaceutical, medical device, and biotechnology companies in the United States. With its unique expertise in human health behavior and healthcare professional advocacy, MicroMass is positioned to create effective, real-world solutions that drive meaningful improvements in patient care.
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