UL

UL is a global independent safety science company with over a century of experience in providing safety solutions. It focuses on five strategic areas: Product Safety, Environment, Life & Health, Verification Services, and Knowledge Services. UL is dedicated to promoting safe living and working environments, helping to safeguard people, products, and places. The company leverages research and standards to address evolving safety needs and collaborates with businesses, manufacturers, trade associations, and regulatory bodies to enhance safety in a complex global supply chain. With a workforce of 14,000 professionals, UL serves as a trusted partner in facilitating trade and providing peace of mind through its comprehensive safety expertise.

John Genovesi

EVP and President, Enterprise and Advisory

Patrick Mazzariol

Executive Vice President and Chief Commercial Officer

Eddie Pavlu

Operations Director, North America - Wireless / EMC / Innovation

Keith E. Williams

President and CEO

41 past transactions

SkySpecs

Series D in 2022
SkySpecs, Inc. specializes in developing unmanned aerial vehicles designed to automate operations and maintenance for the wind energy sector. Based in Ann Arbor, Michigan, with an additional office in Amsterdam, the company offers a range of services including analytics, wind turbine blade maintenance, and engineering projects. Its solutions feature Horizon, a software tool that facilitates collaboration and data management for blade operations and maintenance, enabling streamlined communication and efficient repair project execution. Founded in 2012, SkySpecs employs custom autonomous drones to perform inspections, diagnostics, and maintenance of utility-scale wind turbines, providing high-quality data and enhancing safety during inspections. The company aims to improve productivity and efficiency in the renewable energy industry through its innovative technologies and services.

Little Cigogne

Venture Round in 2021
Little Cigogne SAS, founded in 2012 and based in Claye Souilly, France, specializes in online retail of children's apparel. The company aims to transform the shopping experience for parents by providing personalized trunks of ready-to-wear clothing tailored to the unique needs of children and the preferences of their parents. This approach ensures that customers receive age-appropriate and stylish clothing options at affordable prices, making it easier for families to find suitable attire for their children.

Method Park

Acquisition in 2021
Method Park’s engineers and consultants are experts in the field of software development for the automotive and medical systems.

Clear Sky Analytics

Acquisition in 2021
Clear Sky Analytics is a California-based company that focuses on enhancing the performance of photovoltaic (PV) solar plants through its advanced software solutions. The firm develops a solar asset analysis platform that integrates data quality management, performance modeling, and analytical algorithms. This comprehensive approach enables clients to quantitatively account for energy production and losses attributed to specific causes. By distilling and interpreting operating data from solar plants, Clear Sky Analytics provides actionable insights that help improve overall energy efficiency and performance.

Aurora Labs

Series B in 2020
Aurora Labs Ltd is a technology company based in Tel Aviv-Yafo, Israel, specializing in software solutions for the automotive industry. Founded in 2016, the company focuses on developing a self-healing platform that enhances connected vehicle software management. Its innovative technology leverages machine learning and artificial intelligence to facilitate remote diagnostics, over-the-air updates, and predictive maintenance throughout the vehicle lifecycle. Aurora Labs’ Line-Of-Code Behavior™ technology allows for real-time analysis of software performance, enabling proactive detection of faults and seamless error resolution, all while minimizing downtime for users. The company has raised significant funding and holds numerous patents, serving a global clientele and maintaining additional offices in Germany, North Macedonia, and the United States.

Enduvo

Seed Round in 2020
Enduvo, Inc. is a software company that specializes in virtual reality content authoring and delivery. Based in Wilmette, Illinois, the company offers a platform that empowers users to create, share, and engage with immersive learning experiences in three-dimensional environments. Its tools are designed for individuals without coding experience, enabling them to produce and distribute rich, interactive virtual content quickly and easily. Enduvo's services extend to content creation, training, implementation, 3D model development, instructional design, and project management. The company serves a diverse range of industries, including government, healthcare, manufacturing, and education. Founded in 2017, Enduvo aims to simplify the process of creating virtual and augmented reality content, making it accessible to a broader audience.

SkySpecs

Series C in 2019
SkySpecs, Inc. specializes in developing unmanned aerial vehicles designed to automate operations and maintenance for the wind energy sector. Based in Ann Arbor, Michigan, with an additional office in Amsterdam, the company offers a range of services including analytics, wind turbine blade maintenance, and engineering projects. Its solutions feature Horizon, a software tool that facilitates collaboration and data management for blade operations and maintenance, enabling streamlined communication and efficient repair project execution. Founded in 2012, SkySpecs employs custom autonomous drones to perform inspections, diagnostics, and maintenance of utility-scale wind turbines, providing high-quality data and enhancing safety during inspections. The company aims to improve productivity and efficiency in the renewable energy industry through its innovative technologies and services.

HOMER Energy

Acquisition in 2019
HOMER Energy LLC specializes in hybrid power system optimization software, providing tools such as HOMER Pro for microgrid design and HOMER Grid for optimizing solar-plus-storage and hybrid distributed generation systems. The company's offerings include HOMER QuickGrid, a web application that assists businesses in reducing energy costs, and HOMER QuickStart, which focuses on microgrid and distributed generation optimization. Additionally, HOMER provides a Software as a Service (SaaS) API for customized application development and offers training, consulting, and analytic services. Founded in 2009 and based in Boulder, Colorado, HOMER Energy serves a diverse clientele, including industries, governments, and researchers, enabling them to analyze and optimize hybrid power systems that integrate various energy sources like solar, wind, and conventional generators. The software is widely used globally, assisting users in assessing the economic feasibility of their energy projects and mitigating financial risks associated with hybrid power initiatives. As of December 2019, HOMER Energy operates as a subsidiary of AWS Truepower, LLC.

Arceo Labs, Inc.

Venture Round in 2019
Arceo Labs, Inc. operates under the brand Arceo, specializing in cybersecurity and cyber analytics services tailored for the insurance industry. The company offers solutions to cyber insurance brokers and carriers, enabling them to assess, underwrite, and manage cyber risks through the use of artificial intelligence and workflow automation. Founded in 2016 and based in San Francisco, California, Arceo Labs also maintains offices in Chicago, Baltimore, and New York. The firm is dedicated to providing organizations with the necessary tools and guidance to protect and insure their data effectively.

Healthy Buildings

Acquisition in 2019
Healthy Buildings International, Inc. provides inspections of building systems. The company was founded in 1980 and is based in Fairfax, Virginia. As of June 28, 2019, Healthy Buildings International, Inc. operates as a subsidiary of UL LLC.

Kyndi

Series B in 2019
Kyndi, Inc. is an artificial intelligence company that specializes in developing an explainable AI platform tailored for government, financial services, and healthcare sectors. Founded in 2014 and headquartered in San Mateo, California, with an additional office in Washington, D.C., Kyndi focuses on providing auditable AI systems that address the need for transparency in decision-making processes. The Kyndi AI Platform leverages machine learning to enhance business regulation and supports critical functions such as strategy, compliance, and research operations. By enabling organizations to avoid 'black box' machine learning, Kyndi empowers clients to gain insights from complex data, facilitating informed and decisive actions in a rapidly changing environment.

Enduvo

Seed Round in 2019
Enduvo, Inc. is a software company that specializes in virtual reality content authoring and delivery. Based in Wilmette, Illinois, the company offers a platform that empowers users to create, share, and engage with immersive learning experiences in three-dimensional environments. Its tools are designed for individuals without coding experience, enabling them to produce and distribute rich, interactive virtual content quickly and easily. Enduvo's services extend to content creation, training, implementation, 3D model development, instructional design, and project management. The company serves a diverse range of industries, including government, healthcare, manufacturing, and education. Founded in 2017, Enduvo aims to simplify the process of creating virtual and augmented reality content, making it accessible to a broader audience.

kVA

Acquisition in 2019
kVA, a technical and management consulting company, specializes in training and advising automotive developers and suppliers on the safety of autonomous vehicles and electrification of automotive systems. The company is based in Royal Oak, Michigan. As of June 3, 2019, kVA operates as a subsidiary of UL LLC.

Massive Bio

Seed Round in 2019
Massive Bio, Inc. is a New York-based company that offers testing and treatment advisory services tailored to cancer patients and oncologists. Founded in 2014, the company employs an artificial intelligence-powered platform to connect patients with clinical trials and optimize cancer care. Through its Personalized Oncology Advisor, Massive Bio integrates cancer genomics and targeted therapies into clinical decision-making, providing both diagnostic and treatment options, including access to clinical trials. The company operates two main platforms: a business-to-consumer (B2C) platform that delivers on-demand products and services for patients and their oncologists, and a business-to-business (B2B) platform designed for hospitals and insurance companies. Additionally, Massive Bio addresses patient enrollment challenges in clinical trials by utilizing advanced technology and real-world data to streamline processes, ensuring patients receive effective treatment while minimizing financial burdens. The company serves a diverse clientele that includes patients, oncologists, hospitals, and payers.

Brodmann17

Series A in 2019
Brodmann17 Ltd is an Israeli company established in 2016, specializing in computer vision technology aimed at enhancing safety in mobility through vision-AI. The company's innovative architecture utilizes deep learning neural networks to perform tasks such as pedestrian and face detection in real-time. Brodmann17's software is designed to operate efficiently on small devices and commodity CPU environments, achieving high accuracy while requiring minimal computational power. This capability allows their technology to meet the stringent standards of the automotive industry, enabling improved automated driving systems. The company collaborates with various global original equipment manufacturers and Tier-1 suppliers to address diverse automotive use cases, ultimately promoting accessible smart mobility solutions. Headquartered in Hod Hasharon, Israel, Brodmann17 is led by experienced technologists and researchers.

KenSci

Series B in 2019
KenSci's machine learning powered risk prediction platform helps healthcare providers and payers intervene early by identifying clinical, financial and operational risk to save costs and lives. KenSci's platform is engineered to ingest, transform and integrate healthcare data across clinical, claims, and patient-generated sources. With a library of pre-built models and modular solutions, KenSci's machine learning platform to integrates into existing workflows allowing health systems to better identify utilization, variation and improve hospital operations. With Explainable AI models for healthcare, KenSci is making risk-based prediction more efficient and accountable.

SafeTraces

Series A in 2018
SafeTraces provides on-food traceability solutions that trace the product, not the package. Edible, invisible, odorless, tasteless, FDA approved barcodes are applied to fresh or processed foods, pharmaceuticals, and many other commodities. The barcodes carry complete traceability information across the supply chain. SafeTraces also has wide applicability in environmental monitoring, healthcare, and other industries.

Medical Device Usability

Acquisition in 2018
Medical Device Usability Limited offers usability consulting services to support the development of safe and effective medical devices. The services include user interface design, formative and summative evaluation, and preparation of human factors-related documentation content. The company caters to medical device, drug delivery products, and in-vitro diagnostic device manufacturing industries. Medical Device Usability Limited was incorporated in 2011 and is based in Cambridge, United Kingdom. As of August 31, 2018, Medical Device Usability Limited operates as a subsidiary of Emergo Group Inc.

Identify3D

Convertible Note in 2018
Identify3D, Inc. is a technology company that specializes in providing solutions for intellectual property protection, quality assurance, and data security in digital manufacturing. Founded in 2014 and headquartered in San Francisco, California, with additional offices in Lexington, Kentucky, and Germany, the company offers a platform that encrypts designs and integrates enforceable manufacturing rules. Its key products include Protect, which secures the digital supply chain; Manage, which facilitates secure digital distribution and tracking; Enforce, which ensures security and integrity during production; and Trace, which records operational and transaction details for audit purposes. Identify3D serves various industries, including aerospace, automotive, defense, and medical, helping clients prevent counterfeiting and maintain the confidentiality and integrity of data throughout the manufacturing process.

RiskSense

Series B in 2018
RiskSense, Inc. specializes in cyber risk management solutions, offering a cloud-based platform designed to assess and manage cybersecurity risks. The RiskSense Platform allows organizations to evaluate their cyber risk exposure, orchestrate remediation efforts, and monitor outcomes through a self-managed Software as a Service (SaaS) model. Key offerings include vulnerability assessments via RiskSense Vulnerability Discovery, which identifies misconfigurations and security weaknesses, and RiskSense Attack Surface Validation, which assesses vulnerabilities exploited by cyber adversaries. The platform employs risk-based scoring, analytics, and technology-accelerated penetration testing to provide actionable remediation plans and improve the efficiency of security and IT teams. Additionally, it delivers a comprehensive view of cybersecurity risk across organizational levels through the RiskSense Security Score (RS3), integrating internal and external vulnerability data, threat intelligence, and asset criticality to prioritize risk mitigation efforts. Founded in 2006 and headquartered in Sunnyvale, California, RiskSense also operates in Albuquerque, New Mexico, and India.

Massive Bio

Seed Round in 2018
Massive Bio, Inc. is a New York-based company that offers testing and treatment advisory services tailored to cancer patients and oncologists. Founded in 2014, the company employs an artificial intelligence-powered platform to connect patients with clinical trials and optimize cancer care. Through its Personalized Oncology Advisor, Massive Bio integrates cancer genomics and targeted therapies into clinical decision-making, providing both diagnostic and treatment options, including access to clinical trials. The company operates two main platforms: a business-to-consumer (B2C) platform that delivers on-demand products and services for patients and their oncologists, and a business-to-business (B2B) platform designed for hospitals and insurance companies. Additionally, Massive Bio addresses patient enrollment challenges in clinical trials by utilizing advanced technology and real-world data to streamline processes, ensuring patients receive effective treatment while minimizing financial burdens. The company serves a diverse clientele that includes patients, oncologists, hospitals, and payers.

Voltaiq

Series A in 2018
Voltaiq offers a battery intelligence analytics platform that provides insights about batteries. It offers its services for battery OEMs, consumer electronics, automotive, and grid-scale energy storage industries.

OpenDataSoft

Venture Round in 2018
OpenDataSoft provides a comprehensive data-sharing platform that enables organizations to publish, manage, visualize, and share their data effectively. The company's software-as-a-service (SaaS) solution serves as a centralized hub, allowing users to access and analyze data in various formats. By facilitating data publishing and application programming interface management, OpenDataSoft empowers teams to create engaging digital experiences and fosters collaboration through data reuse. The platform aims to accelerate digital transformation, enhance operational efficiency, and help organizations derive value from their data by promoting a culture of sharing and accessibility.

SkySpecs

Series B in 2018
SkySpecs, Inc. specializes in developing unmanned aerial vehicles designed to automate operations and maintenance for the wind energy sector. Based in Ann Arbor, Michigan, with an additional office in Amsterdam, the company offers a range of services including analytics, wind turbine blade maintenance, and engineering projects. Its solutions feature Horizon, a software tool that facilitates collaboration and data management for blade operations and maintenance, enabling streamlined communication and efficient repair project execution. Founded in 2012, SkySpecs employs custom autonomous drones to perform inspections, diagnostics, and maintenance of utility-scale wind turbines, providing high-quality data and enhancing safety during inspections. The company aims to improve productivity and efficiency in the renewable energy industry through its innovative technologies and services.

STAE

Seed Round in 2017
Stae is a company that collaborates with local governments to enhance their data-sharing capabilities and improve operational efficiency. By providing municipalities with tools to integrate and manage diverse data sources, Stae helps cities derive meaningful insights that support compliance, taxation, and procurement processes. The company's platform aims to foster innovation and drive performance, giving cities a competitive advantage in managing their technological and ecological resources effectively. Through these partnerships, Stae empowers urban areas to leverage data for better decision-making and improved service delivery.

ChemAdvisor

Acquisition in 2017
ChemADVISOR, Inc. specializes in providing database products, training programs, and consulting services focused on hazardous materials management. The company's offerings include the List Of Lists (LOLI) Database, which serves as a comprehensive chemical regulatory resource, along with LOLI Desktop and ChemADVISOR Online for efficient data access and customization. Additional tools such as LOLI Data Phrase Translations and LOLI-SAP facilitate the integration of regulatory information within various environments. ChemADVISOR also offers the OHS Pure Substance Database, which features original safety data sheets, and the EH&S Data Elements module, tailored for regulatory reporting and inventory management. Services include safety data sheet (SDS) preparation, global registration, and hazard assessments. The company provides GHS consulting and training to support compliance with global regulatory standards. Headquartered in Pittsburgh, Pennsylvania, with an office in Brussels, Belgium, ChemADVISOR operates as a subsidiary of UL LLC, having undergone a name change from Regulatory Resources in 1990.

SafeTraces

Series A in 2017
SafeTraces provides on-food traceability solutions that trace the product, not the package. Edible, invisible, odorless, tasteless, FDA approved barcodes are applied to fresh or processed foods, pharmaceuticals, and many other commodities. The barcodes carry complete traceability information across the supply chain. SafeTraces also has wide applicability in environmental monitoring, healthcare, and other industries.

AE Srl Appliances Engineering

Acquisition in 2017
AE Srl Appliances Engineering is a forward looking enterprise focused on research, design and development assistance of products focusing primarily on household appliances.

Metamoto

Seed Round in 2017
Metamoto brings superior simulation-centric products, services, and best practices for training, testing, developing and validating autonomous system software to world-class enterprises. Metamoto was founded in 2016 by a veteran team of enterprise software entrepreneurs with numerous software engineering and autonomous systems successes. The team features scalable continuous test and integration discipline and expertise steeped in simulation, computer vision, machine learning, standards and regulations.

Emergo Group

Acquisition in 2017
Emergo Group, established in 1997, is a prominent consultancy firm specializing in regulatory compliance for medical device and in vitro diagnostic (IVD) companies. With a client base exceeding 2,500 organizations worldwide, Emergo has expanded its operations to 25 countries, providing a comprehensive range of services to facilitate global market access. Their expertise includes global regulatory strategy, medical device registration, quality management system compliance, clinical trial consulting, in-country regulatory representation, and distributor qualification. By offering these services, Emergo enables medical device manufacturers to navigate complex regulatory landscapes and accelerate the introduction of their products to various markets.

Resilinc

Venture Round in 2017
Resilinc Corporation specializes in cloud-based solutions for supply chain resiliency and risk management. The company offers a range of services that include supply chain mapping, crisis management, and a comprehensive resiliency management platform designed to facilitate collaborative mitigation efforts. Its EventWatch Professional service monitors global events that could disrupt supply chains, while the Resilinc CyberSCRM platform focuses on cybersecurity risk management for both direct and indirect suppliers. By utilizing a vast repository of supplier and part intelligence, Resilinc enables organizations to proactively plan for and respond to multi-tier disruptions. Founded in 2010 and headquartered in Palo Alto, California, Resilinc serves notable industry leaders, helping them enhance their competitive advantage and protect their supply chain integrity.

Consumer Testing Laboratories

Acquisition in 2016
Consumer Testing Laboratories, Inc. specializes in the evaluation and testing of consumer products, providing a comprehensive suite of services designed to ensure product quality for manufacturers and retailers. The company offers various testing categories, including textiles, footwear, and hard goods, along with services such as product specifications, quality manuals, and buyer training. Additionally, Consumer Testing Laboratories conducts in-store audits, analyzes customer returns, and monitors purchase orders in the market. Founded in 1952 and based in West Palm Beach, Florida, the company operates facilities in multiple locations, including Arkansas, Hong Kong, India, China, and Canada. As of October 2016, it functions as a subsidiary of UL LLC.

AWS Truepower

Acquisition in 2016
AWS Truepower is a global leader in the renewable energy sector, specializing in wind and solar energy project development. The company provides a comprehensive range of services, including engineering support, asset management, due diligence, and testing and inspection for wind turbines. With a robust software suite tailored for wind project development, AWS Truepower has contributed to the design and assessment of over 120,000 MW of renewable energy projects across more than 80 countries. Its expertise in project planning and grid management, combined with innovative tools and accurate assessments, enables the successful transition of renewable energy projects into viable, long-term assets. This not only helps reduce the global carbon footprint but also supports the financial sustainability of renewable energy initiatives.

Safeware Quasar

Acquisition in 2016
Safeware Quasar, founded in 1988, is a provider of chemical regulatory consultancy services based in Coalville, England. The company initially launched its first expert chemical classification software in 1993 to align with the harmonization of EU regulations, establishing itself as an authority in compliance within the Environmental Health and Safety (EH&S) sector. Over the years, Safeware Quasar has expanded its offerings to include a comprehensive range of software solutions for chemical classification, labeling, and transportation, alongside consultancy and training services. This growth has positioned the company as a leading global expert in EH&S software solutions, supporting retailers and manufacturers of chemical-based products throughout the supply chain.

Acquirer Systems

Acquisition in 2015
Acquirer Systems Ltd. is a provider of test and certification software solutions tailored for the payment card industry. The company specializes in developing software that facilitates the testing and validation of real-time payment systems, serving a diverse clientele that includes banks, payment processors, and terminal vendors. Its flagship product, ASTREX, offers an end-to-end simulation of payment infrastructure, enabling efficient ongoing testing without the need for traditional, script-based methods. Acquirer Systems also provides ASCert, a modular architecture that virtualizes components across the payment chain, alongside tools for card personalization and security audits. Founded in 1997 and headquartered in Dublin, Ireland, with an additional office in Charlotte, North Carolina, the company has established a strong global presence, serving clients in regions such as Europe, the Middle East, Canada, and the United States. As of 2015, Acquirer Systems operates as a subsidiary of UL LLC.

3DSIM

Series A in 2015
3DSIM, LLC specializes in simulation software for metal additive manufacturing, providing tools that enhance innovation in the manufacturing process. Established in 2015 and headquartered in Park City, Utah, the company offers powerful software solutions that enable manufacturers, designers, material scientists, and engineers to make informed decisions through simulation, rather than relying on physical trial and error. 3DSIM's technology delivers accurate, physics-based predictions of additive manufacturing outcomes, facilitating rapid qualification of parts and components. Its clientele includes aerospace and automotive original equipment manufacturers, parts manufacturers, metal additive manufacturing machine producers, and prominent research laboratories. As of November 2017, 3DSIM operates as a subsidiary of Ansys, Inc.

Futuremark

Acquisition in 2014
Futuremark is a Finnish software development company headquartered in Helsinki, specializing in performance analysis software for desktop and mobile devices. Founded in 1997, the company became part of UL in 2014, enhancing its capabilities in providing industry-standard benchmarks. Futuremark collaborates with technology companies to develop accurate and impartial benchmarks widely used by media and enthusiasts for testing hardware such as processors, graphics cards, notebooks, and tablets. The company maintains a comprehensive hardware performance database, utilizing user-submitted results to create online solutions that assist consumers in making informed purchasing decisions. Additionally, Futuremark offers software development and licensing, three-dimensional content creation, and performance analysis applications, further solidifying its role in the technology landscape. The company also has a sales office in Silicon Valley and representatives in Taiwan.

GoodGuide

Acquisition in 2012
GoodGuide.com provides free and easy access to the world's largest and most reliable source of information on the health, environmental and social impacts of products and companies. GoodGuide offers ratings on over 60,000 products commonly found in your home—from baby shampoo to household cleaners—making it quick and easy to find safe and healthy products that are right for you and good for the planet. GoodGuide helps you see what's behind the label, find better products, get expert advice, and view recommendations based on what's most important to you. GoodGuide delivers the information you need anytime, anywhere—online or on your phone. In the coming months, GoodGuide will be adding new product information for toys, electronics, automobiles, and beyond, making it the best resource for buying safe, healthy and green products that protect you and your family. On March 16, GoodGuide launched a comprehensive food guide.

Collis

Acquisition in 2012
Collis specializes in the design, development, and testing of information technology systems, with a strong emphasis on secure transaction technology services. The company delivers innovative ICT solutions that enhance operational efficiency for its clients. Its services cater to various sectors, including finance, government, telecommunications, and transportation, ensuring that organizations can effectively manage their technology needs while maintaining security and reliability.

PureSafety

Acquisition in 2011
Since 1999, PureSafety has provided a constantly expanding and improving suite of powerful, easy-to-use online safety training and risk management software solutions.

RFI Global Services

Acquisition in 2010
RFI Global Services is a reputable provider of consultancy and testing services tailored for the global technology market. The company specializes in a diverse range of technologies, including Cellular, Wireless, and Smart Card systems, with a focus on convergent products that integrate multiple technologies. RFI Global offers extensive services such as Mastercard evaluations, network operator support for cellular networks, payment card industry security assessments, and test automation solutions. Additionally, the company conducts Visa ICC testing and provides expertise in mobile communications, covering various standards such as 2G, 2.5G, EDGE, and 3G. RFI Global also engages in product development for mobile phone manufacturers and offers consultancy in chip-set and protocol design, ensuring comprehensive support for technology advancements.
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