Eclipse

Eclipse Ventures is an early-stage venture firm based in California, founded in 2015. The firm is dedicated to modernizing significant physical industries, including manufacturing, logistics, transportation, and healthcare. Eclipse Ventures collaborates closely with experienced founders to drive transformation in these sectors, providing support in operational best practices and fundraising strategies. The firm focuses on investments in consumer goods, healthcare, industrial, and technology companies, aiming to enhance efficiency and profitability within these traditional industries. By engaging deeply with entrepreneurs, Eclipse Ventures seeks to build generational companies that contribute to the evolution of the industrial landscape.

Peter Atkin

Associate

Artem Barsukov

Associate

Adam Bryant

Partner

Angela Hayward

Operating Partner, Head of Investor and Portfolio Relations

AJ Kantor

Investment Associate

Jay Knafel

Partner, Growth

Pierre Lamond

Investor

Greg Lyon

Partner

Michael M. McNamara

Venture Partner

Lani Murphy

Director of Finance

Greg Reichow

Partner

Gregory Reichow

Partner

Lior Susan

Co-Founder & Partner

Kushagra Vaid

Partner

Seth Winterroth

Partner

110 past transactions

ForSight Robotics

Series A in 2022
ForSight Robotics develops a surgical robotic platform to deliver high precision and cost-effective vision-saving surgery.

Quantum Source

Seed Round in 2022
Quantum Source is building a team of world-leading experts in photonics and quantum computing.

Watchmaker Genomics

Series A in 2022
Watchmaker Genomics, Inc. operates as a biotechnology company that engages in research and development of genomes. It offers protein engineering with enzyme manufacturing. Its platform offers solutions to improve genomic experiment, assay and workflow, and scalable supply-chain solutions. Watchmaker Genomics, Inc. was formerly known as Alpha Catalyst Genomics, Inc. and changed its name to Watchmaker Genomics, Inc. in July 2019. The company was incorporated in 2018 and is based in Boulder, Colorado.

Voxel

Series A in 2022
Voxel uses computer vision and AI to enable security cameras to automatically identify hazards and high-risk activities in real-time, keeping people safe and driving operational efficiencies. Our technology targets the key drivers for workers’ compensation, general liability, and property costs while providing full site visibility.

CANOA

Seed Round in 2022
CANOA is a company focused on decarbonizing the built environment by providing tools that significantly reduce the transaction costs associated with retrofitting and adaptive reuse of existing buildings. Through its innovative solutions, CANOA aims to facilitate more efficient and sustainable construction practices, promoting the transformation of older structures to meet modern environmental standards. By streamlining the retrofit process, the company contributes to environmental sustainability and supports the transition towards greener building practices.

Bright Machines

Venture Round in 2022
Bright Machines is a manufacturing startup that aims to eliminate manual labor from manufacturing electronic devices by combining robots and new software. Its software-defined manufacturing platform helps customers innovate faster to meet the growing demands of a new era of manufacturing. The company was founded by former Autodesk executive, Armar Hanspal, in 2018.

Decentriq

Series A in 2022
Decentriq makes data collaboration simple and safe by leveraging confidential computing. Sensitive data is extremely valuable and at the same time very hard to leverage and analyze safely. Decentriq’s software platform enables our clients and partners to securely analyze sensitive data. No friction, easy to test and apply while providing state-of-art security. The platform proves the privacy and security of the data from any other party, including us. It allows complete confidentiality for computations, even while sitting in a public cloud. More under: confidentialcomputing.cloud

RideCo

Series A in 2022
Developer of a cloud logistics platform created to facilitate personalized mass transit. The company's platform utilizes a mobile application to connect users with established transportation services like shuttles, taxis or limousine services and link them up with other commuters leaving at the same time, picking them up along the route, enabling users to get personalized service for sharing a ride.

Dutch

Series A in 2022
Dutch is a pet telehealth service focused on addressing chronic conditions such as anxiety and allergies in pets. The company aims to improve pet healthcare by offering convenient virtual consultations with licensed veterinarians, allowing pet parents to connect with professionals from their smartphones. This approach alleviates the inconvenience and stress associated with traditional vet visits, which often lead to delayed care for pets. Dutch veterinarians work with pet owners over time to identify the root causes of their pets' ailments and develop tailored treatment plans. The service includes prescriptions and treatments that are medically-backed and delivered directly to the pet owner's home. Dutch currently operates in eight states, including New York, Pennsylvania, and New Jersey, and is expanding its reach to more locations. Pet parents can initiate consultations through the Dutch website.

Instrumental

Series C in 2022
Instrumental, Inc. specializes in developing software that enhances the efficiency of assembly lines by enabling them to operate autonomously, learn, and adapt to various processes. Founded by former Apple engineers Anna-Katrina Shedletsky and Samuel Weiss, the company aims to address inefficiencies in manufacturing, ultimately saving significant costs related to scrap and rework. Instrumental's software allows manufacturers to quickly identify and resolve issues on their assembly lines, thereby preventing production delays and improving yield rates. The service is employed by leading manufacturers globally and focuses on analytics that provide insights into assembly line performance, allowing engineers to evaluate part dimensions and diagnose problems in real-time without needing physical access to the production environment. Based in Saint Paul, Minnesota, Instrumental combines its software capabilities with a range of consulting and integration services to support both commercial enterprises and government agencies in optimizing their operations.

Wayve

Series B in 2022
Wayve Technologies Ltd specializes in developing artificial intelligence software for self-driving cars, focusing on a data-driven approach that learns to drive in a manner similar to humans. Founded in 2017 and headquartered in London, the company employs end-to-end deep learning to create an autonomous driving system capable of navigating complex urban environments. Wayve operates a fleet of electric vehicles equipped for autonomous operation and technology development, with the aim of deploying its technology on public roads. The firm is dedicated to pioneering AI software solutions that enable businesses to adapt quickly and safely to new driving scenarios across various locations worldwide.

VulcanForms

Series C in 2021
VulcanForms Inc. manufactures metal additive manufacturing (AM) systems for 3D printing. The company was founded in 2015 and is based in Burlington, Massachusetts.

Hosta Labs

Series A in 2021
Hosta Labs Inc., founded in 2018 and based in Cambridge, Massachusetts, specializes in developing an application that transforms images and videos of living spaces into a 3-D model-powered home management platform. The company's technology automates the analysis of interior structures, primarily serving property insurance carriers. This application provides detailed insights into accurate replacement values, risks during the underwriting process, and the assessment of raw material quantities and mitigation measures in the claims process. By simplifying the home renovation and insurance processes, Hosta Labs aims to enhance efficiency and accuracy in property management.

Augury

Series E in 2021
Augury Inc. is a technology company that develops a software platform designed to enhance predictive maintenance strategies for facility owners and service providers. Founded in 2011 and based in New York, Augury offers a Diagnostics-as-a-Service solution, allowing maintenance staff to conduct diagnostics on HVAC and other machinery. Its Predictive Maintenance solution determines maintenance needs based on the actual condition of equipment, thereby preventing potential failures. The company also provides an online management platform that monitors equipment status and aids in maintenance decision-making, alongside Augury Halo, a cloud-based solution for industrial and commercial facilities. Augury serves various industries, including food and beverage, pharmaceuticals, and facility management, by leveraging advances in sensor technology and artificial intelligence to deliver insights into machinery health and performance. This enables clients to optimize maintenance practices and enhance operational reliability. The company has established a strategic partnership with Grundfos to further its impact in the field.

Metrolink.ai

Seed Round in 2021
Metrolink is an OS platform for the data conversion, extraction & enrichment of Security & Defense, Finance, Healthcare and Commercial organizations Just as Android and iOS serve as the infrastructure and platform for a mobile app ecosystem, Metrolink serves as the foundation for a secure, robust, and dynamic appliction ecosystem. Infrastructure – the underlying structure (from data intake, to storage, and utilization) and set of standards which allow for a diversity of data to be made interoperable and accessed/used in a straightforward way. Platform – the baseline customer interaction layer, a superficial framework on which users can “hang” any assortment of apps.

Syng

Series A in 2021
Syng is an audio company dedicated to changing how people interact with sound. It develops a smart audio system that emphasizes high sound quality and innovative design. By offering a range of hardware and software products, Syng empowers both creators and listeners to engage with, explore, and share sound in transformative ways. The company's focus on the intersection of design and technology allows it to deliver a unique audio experience that enhances the overall relationship individuals have with sound.

Rune Labs

Series A in 2021
Rune Labs, Inc. is a software company that specializes in a platform designed for neuromodulation and brain therapies. Established in 2018 and based in San Francisco, California, the company focuses on managing complex therapies by utilizing brain imaging and electrophysiology data generated during clinical studies and patient care. Its software-as-a-service platform provides pharmaceutical companies with the tools to develop and deliver precision therapies aimed at treating conditions such as Parkinson's disease, epilepsy, depression, and obsessive-compulsive disorder. By enhancing the value of available data, Rune Labs enables therapy developers to run intricate therapy algorithms, improve patient outcomes, and identify potential responders for clinical trials.

Third Wave Automation

Series B in 2021
Third Wave Automation, Inc. develops an autonomous forklift using machine learning, computer vision, and robotic material handling. Its technology enables forklifts to perform complex tasks using shared autonomy. The company was founded in 2018 and is based in Union City, California.

Tenstorrent

Series C in 2021
Tenstorrent Inc. is a technology company that develops and manufactures application-specific integrated circuits (ASIC) designed for machine learning and hardware applications. Founded in 2016 and headquartered in Toronto, Canada, with an additional office in Austin, Texas, Tenstorrent's architecture is engineered for use in a range of devices, from battery-powered Internet of Things (IoT) devices to large cloud servers. The company aims to enhance performance and efficiency for artificial intelligence workloads by co-designing hardware, software, and AI algorithms. Its processors are characterized by scalability, programmability, and improved flexibility compared to traditional accelerators like CPUs and GPUs. Tenstorrent's team comprises experts in computer architecture, hardware design, systems engineering, and machine learning, positioning the company to support advancements in technology across various industries.

Cellares

Series B in 2021
Cellares Corporation develops cell therapy for the treatment of cancer. The company develops solution to overcome limitation of manufacturing to make cell therapies for patients. Cellares Corporation was founded in 2019 and is based in South San Francisco, California.

BrightInsight

Series C in 2021
BrightInsight operates a digital health platform tailored for biopharma and medtech companies. Founded in 2017 and headquartered in San Jose, California, the company provides a global regulated platform designed for building, scaling, and maintaining digital health products and services. BrightInsight's Internet of Things (IoT) platform leverages software and services to capture, transmit, and analyze data from connected medical devices, digital therapeutics, and software as a medical device. By employing a quality management system, the platform supports regulated drugs and devices, enabling customers to enhance patient adherence and engagement through integrated data and actionable insights.

arfa

Series A in 2021
Arfa Inc. is a consumer goods company founded in 2019 and headquartered in New York, New York. The company specializes in developing personal care brands that prioritize close relationships with customers. Arfa offers a range of products, including deodorants and various solutions for menopause symptoms, such as moisturizers, cooling sprays, oil supplements, body creams, face oils, hand and joint creams, and turmeric supplements. The company primarily sells its products online, emphasizing customer involvement in the development of its offerings.

Flex Logix

Series D in 2021
Flex Logix Technologies, Inc. specializes in developing embedded FPGA IP cores and software solutions, allowing for reconfigurable RTL in chip and system designs. Its notable product, the InferX X1 edge inference co-processor, supports a variety of applications. Founded in 2014 and headquartered in Mountain View, California, the company also has offices in Taipei, Hsinchu, Shanghai, and Beijing. Flex Logix serves diverse clients, including aerospace companies and government organizations in the United States, as well as customers in Israel, China, and parts of Europe and Asia. The company generates revenue through licensing fees for design files and tools, annual fees for the ongoing use of its EFLX Compiler, and royalties. Its technology enables semiconductor designs to be reprogrammed even after shipment, allowing chip designers to modify critical components of integrated circuits at any time.

ForSight Robotics

Seed Round in 2021
ForSight Robotics develops a surgical robotic platform to deliver high precision and cost-effective vision-saving surgery.

Symbio Robotics

Venture Round in 2021
Symbio Robotics, Inc. specializes in industrial automation by developing robotics and artificial intelligence technologies. The company focuses on creating digital control solutions designed to eliminate production bottlenecks in various applications. In addition to its technological innovations, Symbio Robotics provides consulting, training, and support services to enhance customer operations. Founded in 2014 and headquartered in Emeryville, California, the company aims to improve the real-time control of industrial robots through its advanced AI software.

Swift Navigation

Series C in 2021
Swift Navigation, Inc., founded in 2012 and based in San Francisco, California, specializes in developing precise and affordable global positioning system (GPS) technology. The company is known for its low-cost, high-accuracy real-time kinematics (RTK) receivers, which provide centimeter-level positioning. Its product offerings include the Piksi Multi GNSS Module and the ruggedized Duro Receiver, designed for various applications such as agriculture, robotics, maritime, and industrial use. Additionally, Swift Navigation provides the Skylark cloud corrections service and the Starling GNSS positioning engine, targeting markets like autonomous vehicles and unmanned aerial vehicles. The company has established a reputation for innovation, delivering positioning solutions that significantly outperform traditional GPS accuracy. Swift Navigation's technology supports a wide range of industries, promoting advancements in automation and precision across diverse sectors.

Metrolink.ai

Seed Round in 2021
Metrolink is an OS platform for the data conversion, extraction & enrichment of Security & Defense, Finance, Healthcare and Commercial organizations Just as Android and iOS serve as the infrastructure and platform for a mobile app ecosystem, Metrolink serves as the foundation for a secure, robust, and dynamic appliction ecosystem. Infrastructure – the underlying structure (from data intake, to storage, and utilization) and set of standards which allow for a diversity of data to be made interoperable and accessed/used in a straightforward way. Platform – the baseline customer interaction layer, a superficial framework on which users can “hang” any assortment of apps.

AxleHire

Series B in 2020
AxleHire, Inc. is a logistics company based in San Leandro, California, specializing in driver supply and delivery solutions. Founded in 2015, it offers a range of services, including same-day and next-day delivery, as well as freight delivery. The company caters to various industries such as meal kits, perishables, grocery, wine and spirits, prescription drugs, retail, and e-commerce. AxleHire operates a mobile application and an online platform that allow clients to track their deliveries, ensuring efficiency and transparency throughout the process. Its proprietary technology aims to enhance the delivery experience, helping clients meet consumer expectations and maintain reliability while aligning with their brand values.

Cellares

Series A in 2020
Cellares Corporation develops cell therapy for the treatment of cancer. The company develops solution to overcome limitation of manufacturing to make cell therapies for patients. Cellares Corporation was founded in 2019 and is based in South San Francisco, California.

Toka

Series B in 2020
Toka is a cyber capacity-building company that helps design, build, and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement, and security agencies.

Augury

Series D in 2020
Augury Inc. is a technology company that develops a software platform designed to enhance predictive maintenance strategies for facility owners and service providers. Founded in 2011 and based in New York, Augury offers a Diagnostics-as-a-Service solution, allowing maintenance staff to conduct diagnostics on HVAC and other machinery. Its Predictive Maintenance solution determines maintenance needs based on the actual condition of equipment, thereby preventing potential failures. The company also provides an online management platform that monitors equipment status and aids in maintenance decision-making, alongside Augury Halo, a cloud-based solution for industrial and commercial facilities. Augury serves various industries, including food and beverage, pharmaceuticals, and facility management, by leveraging advances in sensor technology and artificial intelligence to deliver insights into machinery health and performance. This enables clients to optimize maintenance practices and enhance operational reliability. The company has established a strategic partnership with Grundfos to further its impact in the field.

Lucira Health

Series C in 2020
Lucira Health develops a new class of professional and home-health solutions to help illuminate and elucidate health status to expedite decision-making and treatment. The company's at-home test kit is well suited for home use and the molecular nucleic acid amplification technology is adaptable to COVID-19 detection. Lucira Health produces inexpensive, disposable health diagnostic hardware that transforms any smartphone into a portable, real-time health-monitoring device for rapid, accessible, multiplexed analysis of bodily fluids anywhere in the world. It enables consumers to take the first step in their healthcare management through at-home diagnosis and a companion mobile app to provide follow up treatment. Lucira Health was founded in 2013 and is headquartered in Emeryville, California, United States.

Wayve

Series A in 2020
Wayve Technologies Ltd specializes in developing artificial intelligence software for self-driving cars, focusing on a data-driven approach that learns to drive in a manner similar to humans. Founded in 2017 and headquartered in London, the company employs end-to-end deep learning to create an autonomous driving system capable of navigating complex urban environments. Wayve operates a fleet of electric vehicles equipped for autonomous operation and technology development, with the aim of deploying its technology on public roads. The firm is dedicated to pioneering AI software solutions that enable businesses to adapt quickly and safely to new driving scenarios across various locations worldwide.

Instrumental

Series B in 2020
Instrumental, Inc. specializes in developing software that enhances the efficiency of assembly lines by enabling them to operate autonomously, learn, and adapt to various processes. Founded by former Apple engineers Anna-Katrina Shedletsky and Samuel Weiss, the company aims to address inefficiencies in manufacturing, ultimately saving significant costs related to scrap and rework. Instrumental's software allows manufacturers to quickly identify and resolve issues on their assembly lines, thereby preventing production delays and improving yield rates. The service is employed by leading manufacturers globally and focuses on analytics that provide insights into assembly line performance, allowing engineers to evaluate part dimensions and diagnose problems in real-time without needing physical access to the production environment. Based in Saint Paul, Minnesota, Instrumental combines its software capabilities with a range of consulting and integration services to support both commercial enterprises and government agencies in optimizing their operations.

Third Wave Automation

Series A in 2020
Third Wave Automation, Inc. develops an autonomous forklift using machine learning, computer vision, and robotic material handling. Its technology enables forklifts to perform complex tasks using shared autonomy. The company was founded in 2018 and is based in Union City, California.

BrightInsight

Series B in 2020
BrightInsight operates a digital health platform tailored for biopharma and medtech companies. Founded in 2017 and headquartered in San Jose, California, the company provides a global regulated platform designed for building, scaling, and maintaining digital health products and services. BrightInsight's Internet of Things (IoT) platform leverages software and services to capture, transmit, and analyze data from connected medical devices, digital therapeutics, and software as a medical device. By employing a quality management system, the platform supports regulated drugs and devices, enabling customers to enhance patient adherence and engagement through integrated data and actionable insights.

VulcanForms

Series B in 2020
VulcanForms Inc. manufactures metal additive manufacturing (AM) systems for 3D printing. The company was founded in 2015 and is based in Burlington, Massachusetts.

Cheetah

Series B in 2020
Cheetah is a provider of contactless pickup and delivery services for food and supplies at wholesale prices. By turning refrigerated trucks into mobile fulfillment centers, Cheetah provides the safest option for grocery pickup without contact and away from crowds. Consumers simply place their order through the Cheetah mobile app and drive to one of multiple designated locations in the Bay Area where products are placed in the trunk of their car without leaving the driver's seat.

InsidePacket

Seed Round in 2020
InsidePacket offers scalable and highly-secured network services optimized for the Edge Cloud. InsidePacket is a disruptive software start-up in the network services market. InsidePacket leverages recent groundbreaking developments in the fields of network function disaggregation, switch ASIC programmability, and SDN to build innovative solutions for data centers and service providers. InsidePacket was founded by a team of world-class networking experts and is supported by industry thought leaders and strategic tier-one VCs.

Vehicle Software

Seed Round in 2020
Vehicle Software specializes in developing an infotainment platform aimed at enhancing the in-car experience, particularly for electric vehicles. The company's platform prioritizes user experience through visually appealing interfaces and seamless integration of connected services. It also emphasizes continuous improvements facilitated by regular software updates, allowing users to access detailed information about various vehicles. This focus on advanced technology and user-centric design positions Vehicle Software as a key player in the evolving automotive landscape.

Veev

Series B in 2020
Veev Inc., established in 2017 and based in Minneapolis, Minnesota, is a hybrid real estate solutions company that focuses on transforming the construction and experience of homes. The company offers an innovative home operating system that integrates room-specific lighting, shade, and climate control, while also safeguarding against security threats and cybercrime. Veev employs a panelized building system that utilizes light gauge steel for framing and high-performance acrylic for surfaces, complemented by radiant climate control systems and a digital home ecosystem. Currently, Veev is concentrating on high-performance multifamily units and accessory dwelling units (ADUs), with a development pipeline exceeding 230 units and 620,000 gross building square feet. Their comprehensive approach includes asset management, architectural design, permitting, modular construction, installation, and a digital infrastructure that enhances safety, maintenance, and overall comfort for homeowners.

ClearMetal

Series A in 2020
ClearMetal, Inc. develops artificial intelligence software for supply chain operations. It offers transport and supply chain visibility solutions through the cloud-based web application, decision support, predictive risk, event predictions, and smart processing and cleaning. ClearMetal, Inc. was incorporated in 2014 and is based in San Francisco, California.

Oxide Computer Company

Seed Round in 2019
Oxide Computer is a developer of cloud hyperscale technology intended to build a new kind of server. The company's technology brings cloud hyperscale innovations around density, efficiency, cost, reliability, manageability and security, enabling clients to use better computer infrastructure.

BrightInsight

Series A in 2019
BrightInsight operates a digital health platform tailored for biopharma and medtech companies. Founded in 2017 and headquartered in San Jose, California, the company provides a global regulated platform designed for building, scaling, and maintaining digital health products and services. BrightInsight's Internet of Things (IoT) platform leverages software and services to capture, transmit, and analyze data from connected medical devices, digital therapeutics, and software as a medical device. By employing a quality management system, the platform supports regulated drugs and devices, enabling customers to enhance patient adherence and engagement through integrated data and actionable insights.

Lucira Health

Series B in 2019
Lucira Health develops a new class of professional and home-health solutions to help illuminate and elucidate health status to expedite decision-making and treatment. The company's at-home test kit is well suited for home use and the molecular nucleic acid amplification technology is adaptable to COVID-19 detection. Lucira Health produces inexpensive, disposable health diagnostic hardware that transforms any smartphone into a portable, real-time health-monitoring device for rapid, accessible, multiplexed analysis of bodily fluids anywhere in the world. It enables consumers to take the first step in their healthcare management through at-home diagnosis and a companion mobile app to provide follow up treatment. Lucira Health was founded in 2013 and is headquartered in Emeryville, California, United States.

Wayve

Series A in 2019
Wayve Technologies Ltd specializes in developing artificial intelligence software for self-driving cars, focusing on a data-driven approach that learns to drive in a manner similar to humans. Founded in 2017 and headquartered in London, the company employs end-to-end deep learning to create an autonomous driving system capable of navigating complex urban environments. Wayve operates a fleet of electric vehicles equipped for autonomous operation and technology development, with the aim of deploying its technology on public roads. The firm is dedicated to pioneering AI software solutions that enable businesses to adapt quickly and safely to new driving scenarios across various locations worldwide.

AxleHire

Series A in 2019
AxleHire, Inc. is a logistics company based in San Leandro, California, specializing in driver supply and delivery solutions. Founded in 2015, it offers a range of services, including same-day and next-day delivery, as well as freight delivery. The company caters to various industries such as meal kits, perishables, grocery, wine and spirits, prescription drugs, retail, and e-commerce. AxleHire operates a mobile application and an online platform that allow clients to track their deliveries, ensuring efficiency and transparency throughout the process. Its proprietary technology aims to enhance the delivery experience, helping clients meet consumer expectations and maintain reliability while aligning with their brand values.

Tenstorrent

Series B in 2019
Tenstorrent Inc. is a technology company that develops and manufactures application-specific integrated circuits (ASIC) designed for machine learning and hardware applications. Founded in 2016 and headquartered in Toronto, Canada, with an additional office in Austin, Texas, Tenstorrent's architecture is engineered for use in a range of devices, from battery-powered Internet of Things (IoT) devices to large cloud servers. The company aims to enhance performance and efficiency for artificial intelligence workloads by co-designing hardware, software, and AI algorithms. Its processors are characterized by scalability, programmability, and improved flexibility compared to traditional accelerators like CPUs and GPUs. Tenstorrent's team comprises experts in computer architecture, hardware design, systems engineering, and machine learning, positioning the company to support advancements in technology across various industries.

Augury

Series C in 2019
Augury Inc. is a technology company that develops a software platform designed to enhance predictive maintenance strategies for facility owners and service providers. Founded in 2011 and based in New York, Augury offers a Diagnostics-as-a-Service solution, allowing maintenance staff to conduct diagnostics on HVAC and other machinery. Its Predictive Maintenance solution determines maintenance needs based on the actual condition of equipment, thereby preventing potential failures. The company also provides an online management platform that monitors equipment status and aids in maintenance decision-making, alongside Augury Halo, a cloud-based solution for industrial and commercial facilities. Augury serves various industries, including food and beverage, pharmaceuticals, and facility management, by leveraging advances in sensor technology and artificial intelligence to deliver insights into machinery health and performance. This enables clients to optimize maintenance practices and enhance operational reliability. The company has established a strategic partnership with Grundfos to further its impact in the field.

Spell

Series A in 2019
Spell is a New York City-based company founded in 2017 that specializes in artificial intelligence and deep learning infrastructure. The company offers a versatile end-to-end MLOps platform designed to enhance data science and machine learning workflows for teams of any size. Spell's platform provides tools for efficiently preparing, training, deploying, and managing machine learning projects, emphasizing collaboration, project monitoring, and experiment reproducibility. It simplifies the setup and management of machine learning initiatives through a user-friendly command-line tool and an intuitive web console, allowing teams to focus on experimentation rather than technical overhead. Additionally, Spell facilitates access to shared data, experiments, and results, making it easier for new team members to integrate quickly. By managing machine infrastructure and environment setups, Spell aims to democratize access to deep learning and artificial intelligence, empowering organizations to operationalize these technologies across various applications, including natural language processing, computer vision, and speech recognition.

VulcanForms

Series A in 2018
VulcanForms Inc. manufactures metal additive manufacturing (AM) systems for 3D printing. The company was founded in 2015 and is based in Burlington, Massachusetts.

Skyryse

Series A in 2018
Skyryse, Inc. is an air mobility company founded in 2016 and based in El Segundo, California. The company specializes in developing helicopters and aircraft for various sectors, including emergency services, public transport, and regional services. Its flagship product, FlightOS, is a hardware and software operating system designed to enhance the safety and accessibility of general aviation. FlightOS provides a unified interface that allows pilots to operate both rotorcraft and fixed-wing aircraft with the same controls, significantly reducing pilot fatigue and simplifying flight operations. This system enables pilots to efficiently manage different aircraft configurations, whether flying from the cockpit or remotely, and facilitates safer flight experiences with streamlined training requirements.

Cerebras Systems

Series D in 2018
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Bright Machines

Series A in 2018
Bright Machines is a manufacturing startup that aims to eliminate manual labor from manufacturing electronic devices by combining robots and new software. Its software-defined manufacturing platform helps customers innovate faster to meet the growing demands of a new era of manufacturing. The company was founded by former Autodesk executive, Armar Hanspal, in 2018.

Impossible Aerospace

Series A in 2018
Impossible Aerospace Corp is a manufacturer of long-range electric aircraft designed specifically for first responders, such as law enforcement and firefighters. The company offers a range of products, including the US-1, a high-performance aircraft with extended duration, and Air Support, an unmanned airborne system for policing and emergency response. In addition to aircraft, Impossible Aerospace provides various support services, including training, IT connectivity, camera systems, routine maintenance, and assistance with FAA certifications. Established in 2016, the company is headquartered in Santa Clara, California.

Vert

Series A in 2018
Modernizing the home design process by developing modular, panelized homes intended to reduce construction time while introducing innovative construction methods and materials.

Common Networks

Series B in 2018
Common Networks, Inc. is a software-driven internet service provider founded in 2016 and based in San Francisco, California. The company focuses on delivering wireless 5G home internet services, aiming to provide fast and affordable broadband access, particularly in suburban areas. By utilizing proprietary software algorithms and innovative graph networks, Common Networks strives to offer fiber-class internet that challenges traditional cable companies and monopolized pricing structures. Their services include both wireless networks and fiber internet, ensuring consistent high-speed connectivity for customers.

Auto

Venture Round in 2018
Auto is a manufacturing tech startup, still in stealth mode

Owlet Baby Care

Series B in 2018
Owlet Baby Care Inc. is a company that develops and manufactures innovative monitoring products designed to track the vital signs of sleeping infants. Founded in 2012 and based in Lehi, Utah, Owlet offers the Owlet Smart Sock, a device that monitors an infant's heart rate and oxygen levels, alerting parents if there are any concerns. The Owlet Baby Monitor provides real-time data on a child's vital signs through a compatible app for iOS and Android devices, giving parents peace of mind. The company's product range also includes the Owlet Cam, which transforms smartphones into high-definition baby monitors, and the Owlet Monitor Duo, which combines the features of the Smart Sock with the Cam. Additionally, the Owlet Dream Lab offers resources to help parents establish healthy sleep habits for their children. Owlet's commitment to enhancing parental confidence through technology is reflected in its diversified product portfolio.

Symbio Robotics

Series A in 2018
Symbio Robotics, Inc. specializes in industrial automation by developing robotics and artificial intelligence technologies. The company focuses on creating digital control solutions designed to eliminate production bottlenecks in various applications. In addition to its technological innovations, Symbio Robotics provides consulting, training, and support services to enhance customer operations. Founded in 2014 and headquartered in Emeryville, California, the company aims to improve the real-time control of industrial robots through its advanced AI software.

6 River Systems

Series B in 2018
6 River Systems, Inc. is a provider of warehouse automation solutions that leverage collaborative robots and artificial intelligence to enhance efficiency in e-commerce and retail operations. Founded in 2015 by former executives from Kiva Systems and Mimio, the company is headquartered in Waltham, Massachusetts. Its primary offerings include Chuck, a robot that guides warehouse associates to optimize their workflow; Mobile Sort, which facilitates the intelligent picking and sorting of orders; Packout, a fulfillment solution; and Fast Lane, designed for automating the picking process of high-velocity SKUs. 6 River Systems aims to redefine fulfillment automation, improving productivity and reducing operational costs for its clients. As of October 2019, it operates as a subsidiary of Shopify Inc.

June

Series B in 2018
June Life Inc. is a San Francisco-based company that specializes in the manufacturing of smart ovens, having pioneered this market in 2016 with the introduction of its innovative countertop convection oven. The June Oven combines multiple cooking functionalities, serving as an air fryer, slow cooker, roaster, broiler, baker, dehydrator, toaster, reheater, and warming device, effectively replacing seven kitchen appliances and reducing clutter. The company aims to enhance the cooking experience by leveraging technology, elegant design, and exceptional performance, making cooking accessible and easy for everyone. Established in 2013, June Life Inc. continues to focus on transforming the culinary landscape through its advanced kitchen solutions.

Invicta Medical

Series B in 2018
Invicta Medical, Inc. is a medical technology company based in Portola Valley, California, focused on developing a wearable device designed for the treatment of sleep apnea and snoring. Founded in 2013, the company’s innovative device detects instances of disturbed breathing and employs electrical stimulation to provide therapeutic intervention. Invicta Medical aims to improve the quality of life for individuals suffering from sleep-related disorders through its pioneering approach to treatment.

SwipeSense

Series B in 2017
SwipeSense, Inc. offers a hand hygiene solution that combines point-of-care hand hygiene dispensers with real-time data from existing dispensers. The company offers portable dispensers, badges, wall mounted dispensers, hubs, and analytics. It serves the healthcare industry. The company was incorporated in 2011 and is based in Chicago, Illinois.

Skyryse

Series A in 2017
Skyryse, Inc. is an air mobility company founded in 2016 and based in El Segundo, California. The company specializes in developing helicopters and aircraft for various sectors, including emergency services, public transport, and regional services. Its flagship product, FlightOS, is a hardware and software operating system designed to enhance the safety and accessibility of general aviation. FlightOS provides a unified interface that allows pilots to operate both rotorcraft and fixed-wing aircraft with the same controls, significantly reducing pilot fatigue and simplifying flight operations. This system enables pilots to efficiently manage different aircraft configurations, whether flying from the cockpit or remotely, and facilitates safer flight experiences with streamlined training requirements.

Tortuga Logic, Inc.

Seed Round in 2017
Tortuga Logic, Inc. is a cybersecurity company based in San Jose, California, specializing in hardware threat detection. Founded in 2013, the company provides innovative solutions to identify and prevent security vulnerabilities in semiconductor designs. Its flagship products, Radix-STM and Radix-M, are designed to enhance the security verification process by enabling design teams to detect system-wide exploits related to hardware roots of trust and to perform security validation of firmware in complex system-on-chip designs. By facilitating a Secure Development Lifecycle (SDL), Tortuga Logic's offerings help ensure that vulnerabilities are addressed from the initial stages of chip design through to runtime, thereby enhancing overall hardware security.

Kindred AI

Series B in 2017
Kindred Systems, Inc. designs and develops artificial intelligence (AI) based robots to solve human problems. Its products include Kindred SORT, an AI powered robotic putwall solution that works with fulfillment center associates to assemble e-commerce orders from batch-picked items; and AutoGrasp, a robotic platform that controls robots to operate with human-like intelligence in dynamic environments. The company was founded in 2014 and is based in San Francisco, California with additional offices in Vancouver and Toronto, Canada.

Tenstorrent

Series A in 2017
Tenstorrent Inc. is a technology company that develops and manufactures application-specific integrated circuits (ASIC) designed for machine learning and hardware applications. Founded in 2016 and headquartered in Toronto, Canada, with an additional office in Austin, Texas, Tenstorrent's architecture is engineered for use in a range of devices, from battery-powered Internet of Things (IoT) devices to large cloud servers. The company aims to enhance performance and efficiency for artificial intelligence workloads by co-designing hardware, software, and AI algorithms. Its processors are characterized by scalability, programmability, and improved flexibility compared to traditional accelerators like CPUs and GPUs. Tenstorrent's team comprises experts in computer architecture, hardware design, systems engineering, and machine learning, positioning the company to support advancements in technology across various industries.

6 River Systems

Series A in 2017
6 River Systems, Inc. is a provider of warehouse automation solutions that leverage collaborative robots and artificial intelligence to enhance efficiency in e-commerce and retail operations. Founded in 2015 by former executives from Kiva Systems and Mimio, the company is headquartered in Waltham, Massachusetts. Its primary offerings include Chuck, a robot that guides warehouse associates to optimize their workflow; Mobile Sort, which facilitates the intelligent picking and sorting of orders; Packout, a fulfillment solution; and Fast Lane, designed for automating the picking process of high-velocity SKUs. 6 River Systems aims to redefine fulfillment automation, improving productivity and reducing operational costs for its clients. As of October 2019, it operates as a subsidiary of Shopify Inc.

Swift Navigation

Series B in 2017
Swift Navigation, Inc., founded in 2012 and based in San Francisco, California, specializes in developing precise and affordable global positioning system (GPS) technology. The company is known for its low-cost, high-accuracy real-time kinematics (RTK) receivers, which provide centimeter-level positioning. Its product offerings include the Piksi Multi GNSS Module and the ruggedized Duro Receiver, designed for various applications such as agriculture, robotics, maritime, and industrial use. Additionally, Swift Navigation provides the Skylark cloud corrections service and the Starling GNSS positioning engine, targeting markets like autonomous vehicles and unmanned aerial vehicles. The company has established a reputation for innovation, delivering positioning solutions that significantly outperform traditional GPS accuracy. Swift Navigation's technology supports a wide range of industries, promoting advancements in automation and precision across diverse sectors.

VulcanForms

Seed Round in 2017
VulcanForms Inc. manufactures metal additive manufacturing (AM) systems for 3D printing. The company was founded in 2015 and is based in Burlington, Massachusetts.

Instrumental

Series A in 2017
Instrumental, Inc. specializes in developing software that enhances the efficiency of assembly lines by enabling them to operate autonomously, learn, and adapt to various processes. Founded by former Apple engineers Anna-Katrina Shedletsky and Samuel Weiss, the company aims to address inefficiencies in manufacturing, ultimately saving significant costs related to scrap and rework. Instrumental's software allows manufacturers to quickly identify and resolve issues on their assembly lines, thereby preventing production delays and improving yield rates. The service is employed by leading manufacturers globally and focuses on analytics that provide insights into assembly line performance, allowing engineers to evaluate part dimensions and diagnose problems in real-time without needing physical access to the production environment. Based in Saint Paul, Minnesota, Instrumental combines its software capabilities with a range of consulting and integration services to support both commercial enterprises and government agencies in optimizing their operations.

Augury

Series B in 2017
Augury Inc. is a technology company that develops a software platform designed to enhance predictive maintenance strategies for facility owners and service providers. Founded in 2011 and based in New York, Augury offers a Diagnostics-as-a-Service solution, allowing maintenance staff to conduct diagnostics on HVAC and other machinery. Its Predictive Maintenance solution determines maintenance needs based on the actual condition of equipment, thereby preventing potential failures. The company also provides an online management platform that monitors equipment status and aids in maintenance decision-making, alongside Augury Halo, a cloud-based solution for industrial and commercial facilities. Augury serves various industries, including food and beverage, pharmaceuticals, and facility management, by leveraging advances in sensor technology and artificial intelligence to deliver insights into machinery health and performance. This enables clients to optimize maintenance practices and enhance operational reliability. The company has established a strategic partnership with Grundfos to further its impact in the field.

Common Networks

Series A in 2017
Common Networks, Inc. is a software-driven internet service provider founded in 2016 and based in San Francisco, California. The company focuses on delivering wireless 5G home internet services, aiming to provide fast and affordable broadband access, particularly in suburban areas. By utilizing proprietary software algorithms and innovative graph networks, Common Networks strives to offer fiber-class internet that challenges traditional cable companies and monopolized pricing structures. Their services include both wireless networks and fiber internet, ensuring consistent high-speed connectivity for customers.

Lighthouse

Venture Round in 2017
Lighthouse AI, Inc. provides artificial intelligence solutions that notify the user when it detects actual movement triggered by a person it doesn’t recognize. The company was incorporated in 2014 and is based in Palo Alto, California.

Flex Logix

Series B in 2017
Flex Logix Technologies, Inc. specializes in developing embedded FPGA IP cores and software solutions, allowing for reconfigurable RTL in chip and system designs. Its notable product, the InferX X1 edge inference co-processor, supports a variety of applications. Founded in 2014 and headquartered in Mountain View, California, the company also has offices in Taipei, Hsinchu, Shanghai, and Beijing. Flex Logix serves diverse clients, including aerospace companies and government organizations in the United States, as well as customers in Israel, China, and parts of Europe and Asia. The company generates revenue through licensing fees for design files and tools, annual fees for the ongoing use of its EFLX Compiler, and royalties. Its technology enables semiconductor designs to be reprogrammed even after shipment, allowing chip designers to modify critical components of integrated circuits at any time.

Impossible Aerospace

Seed Round in 2017
Impossible Aerospace Corp is a manufacturer of long-range electric aircraft designed specifically for first responders, such as law enforcement and firefighters. The company offers a range of products, including the US-1, a high-performance aircraft with extended duration, and Air Support, an unmanned airborne system for policing and emergency response. In addition to aircraft, Impossible Aerospace provides various support services, including training, IT connectivity, camera systems, routine maintenance, and assistance with FAA certifications. Established in 2016, the company is headquartered in Santa Clara, California.

Wiivv

Series A in 2017
Wiivv Wearables Inc., a bionics company, creates 3D printed and custom gear using 3D-mapping technology accessible from a smartphone. The company offers insoles for running shoes, boots, casual shoes, dress shoes, flats, and narrow toed boots. It sells its products online. The company was founded in 2014 and is headquartered in Vancouver, Canada with a manufacturing research and development center in San Diego, California.

Cerebras Systems

Series C in 2017
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Cerebras Systems

Series B in 2016
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Skyryse

Seed Round in 2016
Skyryse, Inc. is an air mobility company founded in 2016 and based in El Segundo, California. The company specializes in developing helicopters and aircraft for various sectors, including emergency services, public transport, and regional services. Its flagship product, FlightOS, is a hardware and software operating system designed to enhance the safety and accessibility of general aviation. FlightOS provides a unified interface that allows pilots to operate both rotorcraft and fixed-wing aircraft with the same controls, significantly reducing pilot fatigue and simplifying flight operations. This system enables pilots to efficiently manage different aircraft configurations, whether flying from the cockpit or remotely, and facilitates safer flight experiences with streamlined training requirements.

Owlet Baby Care

Series B in 2016
Owlet Baby Care Inc. is a company that develops and manufactures innovative monitoring products designed to track the vital signs of sleeping infants. Founded in 2012 and based in Lehi, Utah, Owlet offers the Owlet Smart Sock, a device that monitors an infant's heart rate and oxygen levels, alerting parents if there are any concerns. The Owlet Baby Monitor provides real-time data on a child's vital signs through a compatible app for iOS and Android devices, giving parents peace of mind. The company's product range also includes the Owlet Cam, which transforms smartphones into high-definition baby monitors, and the Owlet Monitor Duo, which combines the features of the Smart Sock with the Cam. Additionally, the Owlet Dream Lab offers resources to help parents establish healthy sleep habits for their children. Owlet's commitment to enhancing parental confidence through technology is reflected in its diversified product portfolio.

Modbot

Seed Round in 2016
Modbot brings industrial precision and power to consumer assembled robots. Imagine automated manufacturing and consumer robots within reach of everybody, assembled like Lego. Modbot is a system of affordable and re-usable modules that snap together, filling the gap between $100 hobby and $20,000 industrial motion equipment.

OTTO Motors

Series B in 2016
OTTO Motors, a subsidiary of Clearpath Robotics Inc., specializes in designing and developing autonomous mobile robots for material handling in manufacturing facilities and warehouses. Founded in 2015 and based in Kitchener, Canada, the company offers two primary products: the OTTO 100, which handles human-scale payloads like boxes and carts, and the OTTO 1500, designed for larger loads such as pallets and racks. These self-driving vehicles utilize infrastructure-free navigation to ensure safe and efficient transportation in dynamic production environments, with applications spanning various industries, including automotive, medical devices, aerospace, and logistics. OTTO Motors combines proprietary hardware, software, and services to enhance operational excellence for its customers.

Mavrx

Series A in 2016
Mavrx uses satellite and high resolution crop imagery to deliver services to the agriculture inputs supply chain, input manufacturers, and large farms. Mavrx’s award winning precision agriculture platform and Mavrx Scout mobile tool are used by agriculture professionals around the world on more than 30 crops from corn and soybeans to cotton and sugarcane. The system uses sophisticated computer vision, data compression, and machine learning algorithms to detect abnormalities like weeds, uneven emergence, nutrient deficiencies, disease/insect infestations, water damage, equipment problems and more so that farmers can address issues quickly and understand the impact on yield and cost of production.

Signal Laboratories

Venture Round in 2016
Signal Laboratories, Inc. is a research and development firm based in Menlo Park, California, specializing in RF engineering, signal processing, and electronics manufacturing. Founded in 2014, the company brings together a team of highly skilled engineers to tackle complex and challenging problems in the field of technology. By fostering an innovative environment that prioritizes engineering excellence, Signal Laboratories aims to address issues that have historically been considered unsolvable.

Cerebras Systems

Series A in 2016
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Scentbird

Seed Round in 2016
Scentbird Inc. is an online subscription service based in New York that offers luxury sample scents to its subscribers. For a monthly fee of $14.95, users can choose from a wide selection of designer and niche fragrances. The service is designed for individuals who enjoy changing their perfumes regularly, providing access to hundreds of options. Scentbird employs an algorithm that categorizes consumers into one of eight fragrance archetypes, allowing for personalized fragrance recommendations. This innovative approach aims to disrupt the $40 billion perfume market while maintaining high profit margins.

6 River Systems

Seed Round in 2016
6 River Systems, Inc. is a provider of warehouse automation solutions that leverage collaborative robots and artificial intelligence to enhance efficiency in e-commerce and retail operations. Founded in 2015 by former executives from Kiva Systems and Mimio, the company is headquartered in Waltham, Massachusetts. Its primary offerings include Chuck, a robot that guides warehouse associates to optimize their workflow; Mobile Sort, which facilitates the intelligent picking and sorting of orders; Packout, a fulfillment solution; and Fast Lane, designed for automating the picking process of high-velocity SKUs. 6 River Systems aims to redefine fulfillment automation, improving productivity and reducing operational costs for its clients. As of October 2019, it operates as a subsidiary of Shopify Inc.

June

Series A in 2016
June Life Inc. is a San Francisco-based company that specializes in the manufacturing of smart ovens, having pioneered this market in 2016 with the introduction of its innovative countertop convection oven. The June Oven combines multiple cooking functionalities, serving as an air fryer, slow cooker, roaster, broiler, baker, dehydrator, toaster, reheater, and warming device, effectively replacing seven kitchen appliances and reducing clutter. The company aims to enhance the cooking experience by leveraging technology, elegant design, and exceptional performance, making cooking accessible and easy for everyone. Established in 2013, June Life Inc. continues to focus on transforming the culinary landscape through its advanced kitchen solutions.

Common Networks

Seed Round in 2016
Common Networks, Inc. is a software-driven internet service provider founded in 2016 and based in San Francisco, California. The company focuses on delivering wireless 5G home internet services, aiming to provide fast and affordable broadband access, particularly in suburban areas. By utilizing proprietary software algorithms and innovative graph networks, Common Networks strives to offer fiber-class internet that challenges traditional cable companies and monopolized pricing structures. Their services include both wireless networks and fiber internet, ensuring consistent high-speed connectivity for customers.

Swift Navigation

Series A in 2015
Swift Navigation, Inc., founded in 2012 and based in San Francisco, California, specializes in developing precise and affordable global positioning system (GPS) technology. The company is known for its low-cost, high-accuracy real-time kinematics (RTK) receivers, which provide centimeter-level positioning. Its product offerings include the Piksi Multi GNSS Module and the ruggedized Duro Receiver, designed for various applications such as agriculture, robotics, maritime, and industrial use. Additionally, Swift Navigation provides the Skylark cloud corrections service and the Starling GNSS positioning engine, targeting markets like autonomous vehicles and unmanned aerial vehicles. The company has established a reputation for innovation, delivering positioning solutions that significantly outperform traditional GPS accuracy. Swift Navigation's technology supports a wide range of industries, promoting advancements in automation and precision across diverse sectors.

Wiivv

Seed Round in 2015
Wiivv Wearables Inc., a bionics company, creates 3D printed and custom gear using 3D-mapping technology accessible from a smartphone. The company offers insoles for running shoes, boots, casual shoes, dress shoes, flats, and narrow toed boots. It sells its products online. The company was founded in 2014 and is headquartered in Vancouver, Canada with a manufacturing research and development center in San Diego, California.

Mavrx

Series A in 2015
Mavrx uses satellite and high resolution crop imagery to deliver services to the agriculture inputs supply chain, input manufacturers, and large farms. Mavrx’s award winning precision agriculture platform and Mavrx Scout mobile tool are used by agriculture professionals around the world on more than 30 crops from corn and soybeans to cotton and sugarcane. The system uses sophisticated computer vision, data compression, and machine learning algorithms to detect abnormalities like weeds, uneven emergence, nutrient deficiencies, disease/insect infestations, water damage, equipment problems and more so that farmers can address issues quickly and understand the impact on yield and cost of production.

Flex Logix

Series A in 2015
Flex Logix Technologies, Inc. specializes in developing embedded FPGA IP cores and software solutions, allowing for reconfigurable RTL in chip and system designs. Its notable product, the InferX X1 edge inference co-processor, supports a variety of applications. Founded in 2014 and headquartered in Mountain View, California, the company also has offices in Taipei, Hsinchu, Shanghai, and Beijing. Flex Logix serves diverse clients, including aerospace companies and government organizations in the United States, as well as customers in Israel, China, and parts of Europe and Asia. The company generates revenue through licensing fees for design files and tools, annual fees for the ongoing use of its EFLX Compiler, and royalties. Its technology enables semiconductor designs to be reprogrammed even after shipment, allowing chip designers to modify critical components of integrated circuits at any time.