Learning Undefeated
Grant in 2025
Learning Undefeated is a non-profit organization based in Gaithersburg, Maryland, established in 1991. The organization focuses on providing innovative and experiential STEM education opportunities, particularly in the field of bioscience. It employs an interdisciplinary approach that integrates science, technology, engineering, and mathematics to facilitate real-world, problem-centric learning that connects schools, communities, health, and business. Among its various initiatives, the flagship program MdBioLab and the Young Science Explorers Program stand out, offering diverse educational experiences aimed at enhancing science education. Through these programs, Learning Undefeated seeks to inspire and engage students, fostering a deeper understanding and interest in STEM fields.
Nth Cycle
Series B in 2023
Nth Cycle is a metal processing technology company focused on recovering critical minerals from e-waste and low-grade mine tailings. Utilizing its innovative electro-extraction technology, Nth Cycle offers a cleaner and customizable alternative to traditional methods such as hydrometallurgy and pyrometallurgy. This technology allows for the efficient reclamation of valuable metals, thereby reducing reliance on primary mining and establishing a secure secondary source of these essential materials within the United States. By enabling the manufacturing and recycling industries to access new metal sources, Nth Cycle plays a crucial role in supporting the transition to clean energy.
Redwood Materials
Series D in 2023
Redwood Materials, Inc. is a Nevada-based company focused on advancing sustainable battery recycling technologies to create a circular supply chain for lithium-ion batteries. Founded by JB Straubel in 2017, Redwood specializes in the recycling and processing of end-of-life batteries and electronics to recover critical materials such as lithium, nickel, cobalt, copper, and various metals. The company currently receives approximately 10 GWh of used batteries annually and aims to scale its production of anode and cathode materials to 100 GWh by 2025, sufficient for manufacturing over one million electric vehicles each year. By providing environmentally sound solutions for recycling and refining, Redwood supports industries including electric vehicles, renewable energy storage, and consumer electronics, thereby contributing to a reduction in the environmental impact of battery production and usage.
Novarc Technologies
Series A in 2023
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of collaborative robots for industrial applications, particularly in pipe welding. Founded in 2013, Novarc has established itself as a pioneer in this field, offering innovative solutions such as the Spool Welding Robot, which is uniquely tailored for high-mix low-volume production in pipe welding. The company also provides welding head-up display glasses and custom robotic solutions applicable in various sectors, including food and beverage, as well as pick and place and palletizing tasks. With a dedicated team of engineers and scientists, Novarc Technologies focuses on addressing complex industrial automation challenges through advanced robotics and artificial intelligence systems.
Lithos Energy
Venture Round in 2023
Lithos Energy is a designer and manufacturer of lithium-ion battery packs located in San Rafael, California. The company specializes in a diverse range of customized energy storage solutions, producing low voltage packs, high voltage packs, rack mount packs, and batteries tailored for vehicles. Their offerings are designed for various applications, including aerospace, automotive, marine, specialty vehicles, and grid storage. Lithos Energy is committed to delivering safe, reliable, and durable battery solutions that meet the specific requirements of their clients. With a focus on collaboration, the company ensures that all manufacturing processes are aligned with project goals, utilizing in-house prototyping and production capabilities to facilitate rapid growth and adherence to quality standards.
Infinitum
Series D in 2022
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.
Connected Energy
Venture Round in 2022
Connected Energy Ltd, founded in 2010 and based in Newcastle upon Tyne, United Kingdom, specializes in energy storage solutions by utilizing recycled electric vehicle batteries through its innovative E-STOR technology. This system allows businesses to convert used car batteries into energy storage systems, enabling them to store excess energy for later use. Connected Energy's offerings include software and services that enhance load management, optimizing efficiency and cost savings across various sectors, including healthcare, education, industrial, retail, and utilities. The company has established a diverse client base and operates systems across the UK, Belgium, Germany, and the Netherlands, with capacities ranging from 60 kW to 1.2 MW, and plans for larger installations in the future. As a subsidiary of Future Transport Systems Ltd, Connected Energy aims to commercialize the research and development conducted by its parent company.
Infinitum
Series D in 2022
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.
Tangent Energy Solutions
Acquisition in 2022
Tangent Energy Solutions, Inc. is a company focused on the design, construction, and financing of renewable energy projects. Based in Kennett Square, Pennsylvania, it provides a range of services including the operation and maintenance of energy projects, as well as energy strategy and procurement assistance for commercial, industrial, and institutional clients, along with utility and energy suppliers. The company employs a Distributed Energy Resource Management System (DERMS) called Tangent AMP™, which monitors grid conditions and on-site generation assets, notifying customers of potential economic opportunities. Additionally, Tangent offers Demand Design™ and Demand Design PLUS™ services to actively manage customer demand and optimize the integration of generation assets. Through a joint venture with Cummins, Inc., Tangent also markets a line of natural gas generators equipped with advanced energy management capabilities. Founded in 2009, Tangent Energy Solutions aims to help customers capitalize on the economic benefits of their energy systems.
BrightVolt
Series B in 2021
BrightVolt, Inc. is a company focused on the design, development, and large-scale manufacturing of ultra-thin film batteries tailored to power a range of Internet-connected devices, including medical patches, sensor labels, and power cards. It specializes in creating custom solid-state thin film batteries and power solutions for clients' Internet of Things (IoT) devices, along with its proprietary Flexion solid-state thin film lithium polymer batteries and microelectronic components. BrightVolt's innovative technologies enhance battery chemistry, offering increased stability and safety in lithium-polymer batteries. The company's products are distributed both in the United States and internationally. Founded in 1998 and headquartered in Redmond, Washington, BrightVolt was previously known as Solicore, Inc.
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.
CarbonPoint Solutions
Acquisition in 2021
CarbonPoint Solutions, an energy technology startup based in South Kingstown, Rhode Island, specializes in developing innovative modular power systems for the oil, gas, geothermal, and power markets across North America. The company focuses on advanced oxygen combustion-based power systems, including multi-fuel piston engines and high-pressure turbine engines. In addition to its power generation solutions, CarbonPoint Solutions is engaged in the production of carbon dioxide for large industrial processes and offers consulting and project management services in various energy sectors. The company is also commercializing patented technologies originally developed by the Naval Undersea Warfare Center, including semi-closed cycle generators designed to capture carbon dioxide for sequestration or productive reuse.
Infinitum
Venture Round in 2021
Infinitum is a pioneering company focused on advancing motor technology with a commitment to sustainability and efficiency. It specializes in developing lightweight electric motors that utilize printed circuit board stator technology, which significantly enhances motor performance while reducing costs. By replacing traditional iron and copper components, Infinitum's motors are designed to be smaller, lighter, and quieter than conventional alternatives, thereby providing exceptional energy savings and a reduced carbon footprint throughout their lifecycle. The company's innovative approach not only opens up new sustainable design possibilities for end users but also aims to make a meaningful impact on environmental conservation and energy efficiency.
SeekOps Inc. is a company based in Austin, Texas, that specializes in leak detection services for the oil and gas sector. Incorporated in 2017, it focuses on developing advanced gas sensing technology and data solutions aimed at enhancing greenhouse gas emissions reporting for energy customers. SeekOps provides quantification and handheld concentration measurement services, utilizing small unmanned aerial vehicles equipped with sensors that detect natural gas emissions with high accuracy and minimal false positives. The company's innovative approach allows for the localization of methane emissions and precise quantification, thereby enabling clients to improve their emissions measurement and reporting standards while addressing environmental, health, and safety concerns. SeekOps serves a diverse clientele both in the United States and internationally.
Vincennes University
Grant in 2021
"Smaller certainly doesn't imply inferior," is one of the self-defining messages of Vincennes University. Located in the small town of Vincenne, Indiana, Vincennes is a university wrapped within a small college, wrapped within a university. Since you get the best of both a small college and large university experience, Vincennes is ideal for those who are looking for an intimate and personalized environment in which to pursue a one, two or four-year degree. Vincennes University admissions require a high school diploma or GED. If you do not have either, contact the admissions office for your options. Academics include over 200 majors offered at Vincennes University in health, sciences, humanities, performing arts and business among others. However, Vincennes University's classes remain small, with an average student-faculty ratio of 15:1. Not only are the classrooms intimate, but college life promises a personal experience as well. For example, all students under age 21 are required to live in one of the six residence halls. Each of the halls features computer labs, kitchens and recreation rooms, promising a socially warm community at "home" as well as in the classroom. Over 40 student clubs and a cluster of sororities and fraternities enhance the personalized social experience while helping to develop leadership and other skills. While small, Vincennes is sure to point out that it certainly isn't lacking in quality, academically or culturally. The Red Skelton Performing Arts Center, a recently-built structure that hosts plays and concerts, is one example of how Vincennes continues to expand. The Donald G. Bell Recreational Facility is another recent addition to the campus. Students may also benefit from participating in one of Vincennes' internship, work-study or volunteer opportunities with a variety of local businesses or charitable organizations. In addition to work-study to assist with tuition, there are loans and partial or full scholarships for home-schooled high school students. There are also scholarships based on academic merit. These and other forms of financial aid are available to those who qualify.
Aatmunn is an industrial technology company dedicated to transforming the lives of over 2 billion frontline workers worldwide. In response to the alarming statistics of over 2 million frontline worker fatalities in 2023, despite significant investments in safety and productivity, Aatmunn seeks to enhance the adoption of technology among these workers. The company specializes in developing a connected frontline worker platform that integrates advanced proprietary software with a range of wearable devices. This platform proactively monitors users' location, health, and work environment, while also collecting and analyzing on-the-job data. By doing so, Aatmunn enables clients to improve safety and streamline frontline operations. The company has seen substantial growth, achieving a 100% year-over-year increase in annual recurring revenue and earning the trust of over 150 prominent customers, including major corporations and device manufacturers.
Weir Minerals
Acquisition in 2020
Weir Minerals, established in 1871 and headquartered in Fort Worth, Texas, specializes in providing processing solutions to the mining sector. The company leverages its extensive technical expertise and global network to deliver tailored, integrated solutions that enhance mining efficiency and sustainability. Weir Minerals offers a range of equipment, including classification and separation, crushing and grinding machinery, as well as robust wear lining materials. These products help minimize downtime, increase throughput, and protect expensive assets. Additionally, Weir Minerals provides critical components and services for the oil and gas industry, supporting drilling, well completion, production, and downstream operations worldwide.
Marble
Acquisition in 2020
Marble is a San Francisco-based company that designs, develops, and manufactures robots specifically for last mile logistics applications. The company has created a fleet of intelligent courier robots capable of securely and reliably transporting various essential goods such as groceries, meals, and medicine. These robots are engineered to enhance efficiency in delivery processes, addressing the growing demand for effective logistics solutions.
Powerhive
Series B in 2019
Powerhive Inc. is a company focused on facilitating rural electrification projects in energy access markets globally. Established in 2011 and headquartered in Berkeley, California, with an additional office in Nairobi, Kenya, Powerhive offers a suite of technology platforms designed to enhance the efficiency and effectiveness of microgrid operations. Its flagship product, Honeycomb, is a cloud-based software platform that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Other key offerings include Asali, a smart meter for off-grid applications, and SWARM, a tool for site selection and customer identification. Powerhive also provides extensive services in project development and management, covering aspects such as market feasibility studies, site selection, pilot deployments, design, customer acquisition, and on-site training. The company is committed to delivering affordable and reliable electricity to off-grid communities, enabling users to power small appliances and support income-generating activities.
Fisker
Venture Round in 2018
Fisker, Inc. is an American company headquartered in Manhattan Beach, California, that designs and manufactures electric vehicles and mobility solutions. The company focuses on creating eco-friendly vehicles that evoke emotional connections, aligning with its mission to promote a sustainable future for all. Fisker aims to position itself as an e-mobility service provider, emphasizing the development of innovative electric vehicles that are both environmentally friendly and desirable to consumers. Historically, Fisker Automotive gained recognition for the Fisker Karma, which was among the first luxury plug-in hybrid electric vehicles, but production was halted due to financial challenges. Today, Fisker, Inc. continues to pursue advancements in electric mobility, striving to revolutionize the automotive industry with its commitment to sustainability and design.
Aatmunn is an industrial technology company dedicated to transforming the lives of over 2 billion frontline workers worldwide. In response to the alarming statistics of over 2 million frontline worker fatalities in 2023, despite significant investments in safety and productivity, Aatmunn seeks to enhance the adoption of technology among these workers. The company specializes in developing a connected frontline worker platform that integrates advanced proprietary software with a range of wearable devices. This platform proactively monitors users' location, health, and work environment, while also collecting and analyzing on-the-job data. By doing so, Aatmunn enables clients to improve safety and streamline frontline operations. The company has seen substantial growth, achieving a 100% year-over-year increase in annual recurring revenue and earning the trust of over 150 prominent customers, including major corporations and device manufacturers.
Palladyne AI
Series B in 2018
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.
MineSense
Series D in 2018
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, specializing in sensor-based mineral processing solutions for the global mining industry. Founded in 2008, the company has developed high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to measure and report ore grades in real-time. MineSense offers various systems, including BeltSense, which monitors ore grades on conveyor belts, and ShovelSense, designed for hydraulic shovels to enable online analysis and ore diversion. Additionally, the SortOre system scans ore streams particle-by-particle to optimize sorting processes. The company also provides evaluation tools such as ConductOre for ore characterization and PreCalculatOre for economic modeling of ore pre-concentration techniques. MineSense further supports its clients with laboratory services for mineral sample evaluation, along with professional and field services to enhance mining productivity and recovery. With offices in South America, Australia, and Africa, MineSense is committed to improving the efficiency and sustainability of mining operations worldwide.
Victoria Gold
Post in 2018
Victoria Gold Corp. is a Canadian mining company focused on the acquisition, exploration, and development of gold mineral properties. The company is primarily engaged in the exploration of gold deposits and operates its flagship Dublin Gulch property in central Yukon, which encompasses the Eagle and Olive-Shamrock Gold deposits over an area of approximately 555 square kilometers. The Eagle Gold Mine Project, part of this property, is an open-pit, heap leach operation situated about 375 kilometers north of Whitehorse, the capital of Yukon. Incorporated in 1981 and headquartered in Toronto, Victoria Gold Corp. aims to mine and export gold to various industries.
Fastbrick Robotics
Post in 2017
Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercialising digital construction technology solutions. Fastbrick Robotics’ revolutionary bricklaying machine Hadrian X represents the first application of the Company’s underlying intellectual property portfolio. Hadrian X is a globally patented 3D robotic bricklaying system and marks the transition to dynamically stabilised robots (DSR) operating outdoors in uncontrolled environments. Fastbrick is currently advancing its robotics technology through a Memorandum of Understanding (MOU) with Caterpillar Inc. (NYSE:CAT) demonstrating global scalability and a MOU with the Kingdom of Saudi Arabia highlighting customer demand for Fastbrick's technology. Fastbrick is committed to improving the safety, speed, accuracy, cost and waste management in the global construction industry through utilising the world’s latest innovations in mobile robotic technology. To learn more, please visit www.fbr.com.au.
Riivos (formerly Alight Inc.)
Series A in 2017
Our industry cloud applications give managers and their teams the power to realize optimum financial performance by seeing the financial ripple effects of business condition changes and management decisions across their complete value chain. Vertical SaaS tailored to the unique needs of specific industries, we marry advanced technologies with the knowledge of industry experts. Pioneer in continuous value chain management.
Alight Solutions
Series A in 2017
Alight Solutions is a provider of integrated, cloud-based human capital solutions designed to assist clients in managing their health, wealth, and human resources needs. The company offers a comprehensive suite of services, including human capital management solutions such as advisory services, cloud deployment, application management, and payroll administration. Additionally, Alight provides health solutions that encompass benefits administration, healthcare navigation, reimbursement accounts, verification services, and compliance assistance. Its wealth solutions feature administration of defined contribution and defined benefit plans, managed accounts, and financial wellbeing tools. Alight’s hosted solutions deliver essential HR and payroll services through ongoing application management on various platforms, including SAP and Oracle. The company caters to a diverse clientele, including Fortune 500 companies, primarily within the United States but also internationally. Established in 2018, Alight Solutions is headquartered in Lincolnshire, Illinois.
Yard Club (acquired by Caterpillar)
Acquisition in 2017
Founded in San Francisco in 2013, Yard Club is dedicated to building technology to help the men and women who build our world. They produce construction tech platforms that help contractors and equipment rental companies better manage their owned and rented equipment fleets with the goal of maximizing utilization of their capital assets. In 2016, the company processed $120 million in transactions across over 2,500 contractors and rental companies.
Kemper Valve & Fittings
Acquisition in 2017
Kemper Valve & Fittings Corp. is a manufacturer and supplier of pressure pipe unions and related oilfield fluid control products, primarily serving the oil and gas industry in the United States. Established in 1965 and headquartered in Island Lake, Illinois, the company offers a diverse range of products, including oilfield hammer unions, plug valves, swivel joints, pup joints, hose loops, check valves, pressure relief valves, and high-pressure fittings. Kemper Valve & Fittings operates multiple locations across the United States, including Texas, Oklahoma, Pennsylvania, Colorado, Arkansas, and Utah, as well as in Red Deer, Canada. The company's expertise and extensive product line cater to the demands of the well-servicing market.
busybusy
Venture Round in 2017
Busybusy, Inc. specializes in software solutions for the construction industry, particularly through its flagship product, the busybusy mobile application. This application is designed for both iPhone and Android devices and automates essential functions such as labor and cost management, time tracking, job costing, and documentation. With its real-time capabilities, busybusy provides construction contractors and small to medium-sized business owners with critical information to streamline operations and enhance productivity. Founded in 2010 and headquartered in Saint George, Utah, the company aims to empower its users by delivering a flexible and affordable tool that facilitates informed decision-making and improves overall business efficiency.
MineSense
Series C in 2017
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, specializing in sensor-based mineral processing solutions for the global mining industry. Founded in 2008, the company has developed high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to measure and report ore grades in real-time. MineSense offers various systems, including BeltSense, which monitors ore grades on conveyor belts, and ShovelSense, designed for hydraulic shovels to enable online analysis and ore diversion. Additionally, the SortOre system scans ore streams particle-by-particle to optimize sorting processes. The company also provides evaluation tools such as ConductOre for ore characterization and PreCalculatOre for economic modeling of ore pre-concentration techniques. MineSense further supports its clients with laboratory services for mineral sample evaluation, along with professional and field services to enhance mining productivity and recovery. With offices in South America, Australia, and Africa, MineSense is committed to improving the efficiency and sustainability of mining operations worldwide.
Airware
Venture Round in 2017
Airware is an enterprise drone analytics company that specializes in transforming aerial data into actionable business insights for various industries, including insurance, mining, construction, and aggregates. The company offers commercial drone services that focus on capturing accurate and repeatable data, which enhances decision-making and operational efficiency. By integrating aerial data with existing enterprise workflows, Airware enables organizations to digitize their operations and improve productivity, safety, and overall business impact. Through its innovative solutions, Airware empowers enterprises to harness the potential of drone technology, facilitating a seamless transition into the digital era.
Palladyne AI
Series A in 2017
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.
OTTO Motors
Series B in 2016
OTTO Motors, a subsidiary of Clearpath Robotics Inc., specializes in the design, development, and delivery of self-driving vehicles aimed at automating material movement within factories and warehouses. Founded in 2015 and based in Kitchener, Canada, the company offers two primary products: the OTTO 100, which is designed for transporting human-scale payloads like boxes and carts, and the OTTO 1500, a heavy-duty vehicle capable of moving larger items such as pallets and racks. These autonomous mobile robots utilize infrastructure-free navigation to provide intelligent and efficient transportation solutions in various industrial sectors, including automotive, medical device, aerospace, and logistics. OTTO Motors combines proprietary hardware, software, and services to ensure reliable and safe operations in dynamic production environments.
Clearpath Robotics
Series B in 2016
Clearpath Robotics Inc. is a Canadian company that specializes in designing and manufacturing self-driving vehicles tailored for various industrial applications. Founded in 2009 and based in Kitchener, the company provides a range of autonomous solutions, including robotic utility vehicles, unmanned ground vehicles, heavy load transporters, and omnidirectional platforms, which are utilized in sectors such as mining, agriculture, and the military. In addition, Clearpath offers aerial drones and unmanned surface vessels, along with a suite of accessories including sensors, controllers, and networking products. The company also delivers comprehensive services such as systems design, navigation and control, and simulation, supporting clients in deploying safe and efficient autonomous mobile robotics within their facilities without the need to alter existing infrastructures. Clearpath serves over 500 innovative brands worldwide through its divisions, Clearpath Robotics and OTTO Motors.
MineSense
Series B in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, specializing in sensor-based mineral processing solutions for the global mining industry. Founded in 2008, the company has developed high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to measure and report ore grades in real-time. MineSense offers various systems, including BeltSense, which monitors ore grades on conveyor belts, and ShovelSense, designed for hydraulic shovels to enable online analysis and ore diversion. Additionally, the SortOre system scans ore streams particle-by-particle to optimize sorting processes. The company also provides evaluation tools such as ConductOre for ore characterization and PreCalculatOre for economic modeling of ore pre-concentration techniques. MineSense further supports its clients with laboratory services for mineral sample evaluation, along with professional and field services to enhance mining productivity and recovery. With offices in South America, Australia, and Africa, MineSense is committed to improving the efficiency and sustainability of mining operations worldwide.
Palladyne AI
Venture Round in 2016
Palladyne AI is a software company specializing in advanced robotic technology that enhances the intelligence and efficiency of robotic systems. By leveraging artificial intelligence and machine learning, Palladyne AI's platform enables robots to observe, learn, reason, and act in ways that closely resemble human intelligence. This innovative software empowers robots to autonomously adapt to dynamic environments, allowing them to perceive and respond to changes in real-time. The applications of Palladyne AI's technology span various industries, including automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics, and warehousing, positioning the company as a key player in the evolution of robotics.
Powerhive
Series A in 2016
Powerhive Inc. is a company focused on facilitating rural electrification projects in energy access markets globally. Established in 2011 and headquartered in Berkeley, California, with an additional office in Nairobi, Kenya, Powerhive offers a suite of technology platforms designed to enhance the efficiency and effectiveness of microgrid operations. Its flagship product, Honeycomb, is a cloud-based software platform that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Other key offerings include Asali, a smart meter for off-grid applications, and SWARM, a tool for site selection and customer identification. Powerhive also provides extensive services in project development and management, covering aspects such as market feasibility studies, site selection, pilot deployments, design, customer acquisition, and on-site training. The company is committed to delivering affordable and reliable electricity to off-grid communities, enabling users to power small appliances and support income-generating activities.
Uptake Technologies, Inc. is a technology company that specializes in developing a predictive analytics platform designed to enhance operational efficiency across various industries, including healthcare, insurance, locomotives, construction, and manufacturing. Founded in 2014 and headquartered in Chicago, Illinois, Uptake's platform analyzes sensor data to predict and prevent equipment failures, identify hidden profit opportunities, and uncover new growth avenues. By transforming data into actionable insights, the platform facilitates equipment monitoring, diagnostic troubleshooting, event and condition prediction, and task management, ultimately improving uptime and streamlining operations for its clients.
TriLumina
Venture Round in 2015
TriLumina Corporation, founded in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly advanced vertical-cavity surface-emitting lasers (VCSEL). The company provides cutting-edge illumination solutions for 3D sensing and LiDAR applications across various industries, including automotive, industrial, and mobile sectors. TriLumina's patented VCSEL technology supports the development of innovative applications such as augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Its products are designed for use in sophisticated systems like Time-of-Flight and Long Range LiDAR, achieving notable qualifications such as automotive Grade 1 temperature range certification. This positions TriLumina as a preferred platform in the realm of 3D sensing technologies, enabling clients to enhance operational efficiency and drive technological advancements.
FlexGen Power Systems, Inc. specializes in the development and manufacture of energy storage and hybrid power products, including solid state generators, power converters, and software control units. Founded in 2014 and based in Houston, Texas, the company focuses on providing innovative solutions that enhance the performance and reliability of energy systems for industrial clients, utilities, and government agencies. FlexGen's offerings include advisory services, operational maintenance, frequency regulation, and grid support, facilitating the integration of energy storage technologies with both traditional and renewable power generation. By working closely with advanced battery and capacitor manufacturers, FlexGen aims to optimize energy management, reduce electricity costs, and support the effective deployment of utility-scale storage projects worldwide.
Yard Club (acquired by Caterpillar)
Venture Round in 2015
Founded in San Francisco in 2013, Yard Club is dedicated to building technology to help the men and women who build our world. They produce construction tech platforms that help contractors and equipment rental companies better manage their owned and rented equipment fleets with the goal of maximizing utilization of their capital assets. In 2016, the company processed $120 million in transactions across over 2,500 contractors and rental companies.
Caterpillar Marine Asset Intelligence
Acquisition in 2015
ESRG serves as a data analytics provider for the United States Navy, providing remote monitoring and analytics services for warships. Currently ESRG’s proprietary software is monitoring thousands of assets on vessels operating around the world, providing leading edge prognostic recommendations to ship operators and owners.
GTUIT
Venture Round in 2015
GTUIT, LLC is a service company that specializes in natural gas liquids capture and gas conditioning for oil and gas producers at well sites. Established in 2009 and based in Billings, Montana, with a regional operations center in Arnegard, North Dakota, GTUIT offers innovative solutions designed to minimize flared gas through mobile and modular units that capture wellhead gas. The company's services include equipment setup and maintenance, flare gas conditioning, H2S removal, and the provision of compression and power generation equipment. Additionally, GTUIT is developing the GTUIT MobileMidstream initiative in collaboration with other leading oilfield companies to enhance the value for producers by providing profitable outlets for natural gas liquids and conditioned gas. Through a network of partners and distributors, GTUIT delivers its products and services globally, enabling the oil and gas industry to improve revenue while mitigating environmental impacts.
Uptake Technologies, Inc. is a technology company that specializes in developing a predictive analytics platform designed to enhance operational efficiency across various industries, including healthcare, insurance, locomotives, construction, and manufacturing. Founded in 2014 and headquartered in Chicago, Illinois, Uptake's platform analyzes sensor data to predict and prevent equipment failures, identify hidden profit opportunities, and uncover new growth avenues. By transforming data into actionable insights, the platform facilitates equipment monitoring, diagnostic troubleshooting, event and condition prediction, and task management, ultimately improving uptime and streamlining operations for its clients.
Berg Propulsion International
Acquisition in 2013
Berg Propulsion is one of the world's leading designers and producers of Controllable Pitch Propellers for the shipping industry. Our strength lies in exceptional functional and technical expertise coupled with extensive industry knowledge. We deliver fully customized main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems, and 24-hour service.
ERA Mining Machinery
Acquisition in 2011
ERA is a non-state owned hydraulic roof support manufacturer in the People's Republic of China through its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co., Ltd. which is based in Zhengzhou, Henan.
MWM, a prominent brand with over 140 years of experience in distributed energy generation, specializes in sustainable gas engines and gensets. Founded in Mannheim, the company has been at the forefront of innovation since its inception in 1871, continuously developing cutting-edge solutions in the energy sector. MWM is recognized as a leading supplier of highly efficient and eco-friendly cogeneration systems, which combine heat and power generation. Its systems are utilized across various industries, including industrial applications, agriculture, landfill management, sewage treatment, high-tech sectors, mining, healthcare, municipal services, shopping centers, and offshore operations. In addition to providing generator setups and trigeneration solutions, MWM offers maintenance, repair, and training services, ensuring that it remains a reliable partner in delivering customized energy solutions tailored to meet specific client needs.
Pyroban
Acquisition in 2011
The Pyroban Group Ltd, established in 1995, specializes in providing explosion protection solutions for hazardous environments across various sectors, including materials handling, cosmetics, pharmaceuticals, logistics, and oil and gas. With operations in the UK, France, The Netherlands, Singapore, and China, the company focuses on delivering engineered products such as explosion protection kits, fully engineered lift truck conversions, and gas detection systems. Headquartered in Horsham, UK, Pyroban aims to enhance safety and environmental protection for its clients worldwide while ensuring sustainable growth for its stakeholders and employees. The company's innovative approach enables them to offer low-cost ownership options that meet the specific needs of equipment packagers and engine distributors, ensuring that individuals can work safely every day.
Datapipe
Debt Financing in 2011
Datapipe is a provider of managed hosting, cloud services, and data center solutions designed to manage and secure mission-critical IT services. The company offers a comprehensive range of services, including cloud computing, infrastructure as a service, platform as a service, colocation, business analytics, database management, e-commerce hosting, email hosting, and data protection. Datapipe serves a diverse array of industries, such as financial services, healthcare, manufacturing, government, and media, enabling clients to optimize both critical and everyday IT operations. With a presence in major global markets, including New York, Silicon Valley, London, Hong Kong, and Shanghai, Datapipe has established itself as a significant player in the technology landscape. The company was recognized in Gartner's Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting in 2010, highlighting its commitment to delivering high-quality services.
Bucyrus
Acquisition in 2010
Bucyrus was an American company specializing in the manufacture of surface and underground mining equipment. Founded in 1880 in Bucyrus, Ohio, it relocated its headquarters to South Milwaukee, Wisconsin, in 1893. In 1927, Bucyrus merged with the Erie Steam Shovel Company, becoming Bucyrus-Erie. It was later renamed Bucyrus International, Inc. in 1997 and was acquired by Caterpillar Inc. in 2011 for $8.8 billion. Bucyrus offered a diverse product line that included drilling rigs, continuous miners, draglines, lifting equipment, loaders, longwall systems, mining attachments, multipurpose vehicles, and haulage systems, catering to various needs in the mining sector.
Underground Imaging Technologies
Acquisition in 2010
Underground Imaging Technologies specializes in subsurface utility mapping by utilizing advanced multi-sensor technologies. The company develops innovative hardware and software systems designed to map and investigate geophysical matters. Their tools and services are essential for the design, construction, and management of underground infrastructure and utilities across various soil types, allowing for three-dimensional visualizations of subsurface conditions. Through their expertise, Underground Imaging Technologies contributes to enhancing the safety and efficiency of construction projects by providing critical insights into the underground environment.
Clean Air Systems
Acquisition in 2010
Clean Air Systems provides products including fume exhaust hoods, air shower systems, powder containment booths, pass boxes, fan filter units, sterile storage cabinets, UV sterile chambers, and modular cleanrooms. It is a manufacturer of laminar airflow and biosafety cabinet products.
Caterpillar Xuzhou
Acquisition in 2010
Caterpillar Xuzhou Ltd. manufactures construction equipments including Cat 300 series excavators and track type tractors.
Progress Rail Services
Acquisition in 2010
Progress Rail Services Corporation, a subsidiary of Caterpillar Inc., is a leading global supplier of products and services for the railroad and transit systems. Established as a major player in the industry following its acquisition by Caterpillar in 2006, the company leverages Caterpillar's extensive international reach to enhance its offerings. Progress Rail specializes in diesel-electric locomotives through its acquisition of Electro-Motive Diesel (EMD), which is recognized as the largest manufacturer of locomotives for various commercial applications. The company also provides outsourced maintenance and repair services for railcars, locomotives, and track infrastructure, operating across two main segments: Locomotive and Railcar Services (LRS) and Engineering and Track Services (ETS). With a network of 91 facilities in 35 U.S. states and Canada, Progress Rail emphasizes product reliability, service support, and maintenance efficiency, contributing significantly to the advancement of the rail industry.
Jewish Community Services
Acquisition in 2009
Jewish Community Services offers social services that help people stay healthy and productive. They specialize in compassionate services that address the unique needs of children, adolescents, and young adults. They provide various social services programs such as mental health, senior support, employment assistance, family, and adult services.
Gremada Industries - Assets
Acquisition in 2008
Gremada Industries - Assets remanufacturing of parts and components used in transmissions, torque converters and final drives in off-highway equipment and machinery.
MGE Equipamentos & Servicos Ferroviarios
Acquisition in 2008
MGE Equipamentos & Servicos Ferroviarios, Ltda. manufactures, maintains, and services traction motors and electric traction generators.
Lovat is a Manufacturing company.
Eurenov S.A.S.
Acquisition in 2007
EURENOV SAS remanufactures engines, gearboxes, injection pumps, sub-assemblies, and injectors in France and Poland.
Progress Rail Services
Acquisition in 2006
Progress Rail Services Corporation, a subsidiary of Caterpillar Inc., is a leading global supplier of products and services for the railroad and transit systems. Established as a major player in the industry following its acquisition by Caterpillar in 2006, the company leverages Caterpillar's extensive international reach to enhance its offerings. Progress Rail specializes in diesel-electric locomotives through its acquisition of Electro-Motive Diesel (EMD), which is recognized as the largest manufacturer of locomotives for various commercial applications. The company also provides outsourced maintenance and repair services for railcars, locomotives, and track infrastructure, operating across two main segments: Locomotive and Railcar Services (LRS) and Engineering and Track Services (ETS). With a network of 91 facilities in 35 U.S. states and Canada, Progress Rail emphasizes product reliability, service support, and maintenance efficiency, contributing significantly to the advancement of the rail industry.
Wealdstone Engineering
Acquisition in 2004
Wealdstone Engineering Ltd. specializes in the remanufacturing of powertrain products, catering to original equipment (OE) vehicle manufacturers and fleet operators. The company’s offerings include petrol and diesel engines, transmissions, axles, and related sub-assemblies. By providing high-quality remanufacturing services, Wealdstone Engineering helps clients extend the life of their powertrain components, ensuring reliability and performance in their vehicles.
Williams Technologies
Acquisition in 2004
Williams Technologies, Inc., is a leading remanufacturer of automatic transmissions, torque converters.
Turbomach
Acquisition in 2004
Turbomach is fully dedicated to its power generation markets, which are served through their people around the world. They are part of a diverse multi-talented team of more than 6000 employees with decades of experience working as a global team committed to the common goal or delivering complete customer satisfaction.
IronPlanet
Series B in 2000
IronPlanet is an online marketplace specializing in the buying and selling of used heavy equipment and durable assets. Founded in 1999 and headquartered in Pleasanton, California, the company connects buyers and sellers through its extensive platform, which features a database of over 3.3 million registered users globally. IronPlanet offers a wide range of equipment, including conventional tractors, trucks, excavators, cranes, and agricultural machinery. To ensure transparency and trust in transactions, it provides the IronClad Assurance certification for equipment condition. The company operates several brands, including GovPlanet, TruckPlanet, and Asset Appraisal Services, catering to diverse sectors such as construction, agriculture, and mining.
Bitelli SpA
Acquisition in 2000
Bitelli was an engineering company located in Bologna, Italy - the largest and, perhaps best known, Italian construction machinery firm.
Sabre Engines
Acquisition in 2000
Sabre Engines Ltd., a family-owned company in the U.K. that specializes in high-performance marine diesel engines.
FG Wilson
Acquisition in 1999
FG Wilson is a leading manufacturer of diesel and gas generator sets with over forty-five years of experience in the industry. The company offers a diverse range of products, from 6.8 to 2,500 kVA, catering to both prime and standby power needs. Their generators are designed for various applications, ranging from domestic backup power to large power modules capable of functioning as complete power stations supplying electricity to national grids. FG Wilson's commitment to engineering excellence and continuous investment in technology is evident through their recent enhancements, including a $26 million upgrade to their Engineering Centre of Excellence, which features advanced validation and testing facilities, including Europe's largest fully automated hemi-anechoic chamber. Additionally, a $5 million investment in a continuous flow assembly line has improved production efficiencies and product quality, enabling FG Wilson to deliver bespoke power solutions tailored to meet specific customer requirements and budgets.
Perkins Engines Company
Acquisition in 1997
Perkins Engines Company is a prominent manufacturer of diesel and gas engines with over 80 years of industry experience. The company specializes in delivering cost-effective and reliable power solutions tailored to meet the specific needs of various sectors, including industrial, power, and marine industries. Perkins is committed to engineering excellence and maintains a strong reputation for social responsibility, positively impacting both its employees and the communities it serves. Through a global network of distributors and dealers, the company offers comprehensive engine, parts, and service support, ensuring that customers receive essential maintenance and repair information. Perkins' mission is to create value for its customers and distributors by providing dependable industrial power solutions.
Caterpillar Motoren Rostock
Acquisition in 1996
Caterpillar Motoren Rostock manufactures and supplies engines for the marine shipping, power generation, and oil & gas industries.
Maschinenbau Kiel GmbH
Acquisition in 1996
Maschinenbau Kiel GmbH designed, manufactured and marketed marine diesel engines, diesel locomotives under the MaK brand name.
Solar Turbines
Acquisition in 1981
Solar Turbines Incorporated, based in San Diego, California, is a prominent manufacturer of industrial gas turbines and a subsidiary of Caterpillar Inc. The company specializes in producing mid-size gas turbine engines, compressors, and related packages, with power outputs ranging from 1.1 to 30,000 horsepower. With over 13,800 units in operation and more than 1.3 billion operating hours recorded in 98 countries, Solar Turbines plays a critical role in various sectors, including oil and natural gas production, processing, and pipeline transmission. Its products are essential for generating electricity and thermal energy, particularly in industries such as chemicals, pharmaceuticals, and food manufacturing. By providing reliable and efficient energy solutions, Solar Turbines supports key energy and processing projects globally.
Towmotor Corporation
Acquisition in 1965
Towmotor Corporation set out to capture a greater share of the market by introducing new models and acquiring companies with product lines.