Hypertherm Ventures
Hypertherm Ventures, established in 2019, is the venture capital arm of Hypertherm, a global leader in designing and manufacturing advanced plasma cutting systems. Based in Hanover, New Hampshire, the company's core business involves creating innovative, reliable, and high-precision metal cutting solutions, including handheld and mechanized plasma, waterjet, and laser cutting systems, along with CNC motion and height controls. These products cater to diverse industries such as shipbuilding, manufacturing, and automotive repair, ultimately enhancing productivity and profitability for tens of thousands of businesses worldwide. Hypertherm Ventures, as an extension of this core business, invests in early-stage companies and entrepreneurs within strategic interest areas, focusing on industrial cutting, technology, welding, thermal processing, robotics, automation, machine learning, artificial intelligence, industrial IoT, additive manufacturing, and advanced materials sectors.
Retrocausal
Venture Round in 2023
Retrocausal is a leader in intelligence augmentation systems aimed at enhancing the capabilities of assembly operators, plant managers, and industrial engineers. The company develops a retroactivity platform that utilizes an artificial intelligence-enabled camera to observe assembly line processes. This technology provides real-time audible and visual alerts when errors occur, thereby improving skills training and task guidance for workers. By employing generative AI through its Copilot software, Retrocausal enables lower-skilled labor to undertake more complex and sophisticated tasks, ultimately boosting productivity, quality, and safety on the shop floor.
Retrocausal
Venture Round in 2022
Retrocausal is a leader in intelligence augmentation systems aimed at enhancing the capabilities of assembly operators, plant managers, and industrial engineers. The company develops a retroactivity platform that utilizes an artificial intelligence-enabled camera to observe assembly line processes. This technology provides real-time audible and visual alerts when errors occur, thereby improving skills training and task guidance for workers. By employing generative AI through its Copilot software, Retrocausal enables lower-skilled labor to undertake more complex and sophisticated tasks, ultimately boosting productivity, quality, and safety on the shop floor.
RIOS, founded in 2018, is a technology company helping global customers automate their factories, warehouses, and supply chain operations by deploying a new class of dexterous AI-powered robots. RIOS robots handle hard-to-automate tasks, typically requiring human-level dexterity, in unstructured environments. RIOS is headquartered in Palo Alto, CA and has a pilot facility in San Carlos, CA. More information is available at www.rios.ai.
Mantle Inc. is an engineering and manufacturing company based in Montreal, Canada, specializing in advanced metal 3D printing technology. Established in 2017, the company focuses on producing high-resolution parts for various applications, including automotive, aerospace, and consumer product design. Mantle's offerings include a platform that utilizes additive technology, known as TrueShape, which enables the production of finished parts, as well as a set of enterprise blockchain development products through a blockchain as a service model. By providing precision parts, Mantle significantly reduces the time and cost associated with creating production-grade tools, molds, and dies, thereby meeting the needs of tool manufacturers, tool makers, and original equipment manufacturers.
Falkonry
Venture Round in 2021
Falkonry Inc. is an industrial AI software company founded in 2012 and based in Sunnyvale, California. The company specializes in developing machine learning software that enhances condition recognition capabilities by utilizing new data and expert feedback. Falkonry's offerings include the Falkonry LRS, which analyzes multivariate time series data to identify patterns, predict critical events, and explain operational behaviors, as well as the Falkonry Edge Analyzer, a portable engine designed for deploying predictive models on edge devices. The company's AI platform is tailored for the manufacturing and defense sectors, helping clients achieve improvements in production uptime, quality, yield, and safety by uncovering insights from operational data. Falkonry's solutions are compatible with Azure and AWS IIoT platforms and can be deployed on-site, at the edge, or in the cloud, serving a range of Global Fortune 2000 industrial clients.
OMAX Corporation, established in 1993 and headquartered in Kent, Washington, specializes in manufacturing precision abrasive waterjet machining systems. The company offers a range of products, including machines, spare parts, and accessories, along with software solutions to streamline part production. OMAX also provides post-installation support, technical assistance, and training services. Its customer base spans various industries such as manufacturing, aerospace, and education, serving them through an international network of distributors. Since April 10, 2019, OMAX has operated as a subsidiary of Hypertherm Inc.
Mantle Inc. is an engineering and manufacturing company based in Montreal, Canada, specializing in advanced metal 3D printing technology. Established in 2017, the company focuses on producing high-resolution parts for various applications, including automotive, aerospace, and consumer product design. Mantle's offerings include a platform that utilizes additive technology, known as TrueShape, which enables the production of finished parts, as well as a set of enterprise blockchain development products through a blockchain as a service model. By providing precision parts, Mantle significantly reduces the time and cost associated with creating production-grade tools, molds, and dies, thereby meeting the needs of tool manufacturers, tool makers, and original equipment manufacturers.
MTC Software
Acquisition in 2009
MTC Software, a brand of Hypertherm, Inc., has its central operations in Lockport, New York (USA). Established in 1984 to serve the software needs of the CNC sheet and plate processing industry, MTC Software was founded on the principles of innovative technology, thoughtful design to ensure ease of use, and outstanding customer support. Decades of industry experience, combined with a dedicated in-house research and development team, allows them to stay at the leading edge of sheet and plate manufacturing technology. Today, with thousands of users worldwide, MTC Software has grown to become a global brand recognized as the leading industry software for cutting applications, including oxyfuel, plasma, laser, waterjet, router, knife, and punch.
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