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.
Top Sectors
Top Stages
8 past transactions
Retrocausal
Venture Round in 2023
Retrocausal is a leading developer of intelligence augmentation systems aimed at enhancing the capabilities of assembly operators, plant managers, and industrial engineers. The company specializes in a retroactivity platform that utilizes advanced artificial intelligence, including an AI-enabled camera system that monitors operators during routine tasks. This technology provides real-time audible and visual alerts to identify mistakes, fostering improvements in skills training, task guidance, and performance analytics. By integrating generative AI through its Copilot software, Retrocausal empowers low-skilled labor to undertake more complex and skilled tasks, significantly increasing productivity, quality, and safety on the shop floor.
Retrocausal
Venture Round in 2022
Retrocausal is a leading developer of intelligence augmentation systems aimed at enhancing the capabilities of assembly operators, plant managers, and industrial engineers. The company specializes in a retroactivity platform that utilizes advanced artificial intelligence, including an AI-enabled camera system that monitors operators during routine tasks. This technology provides real-time audible and visual alerts to identify mistakes, fostering improvements in skills training, task guidance, and performance analytics. By integrating generative AI through its Copilot software, Retrocausal empowers low-skilled labor to undertake more complex and skilled tasks, significantly increasing productivity, quality, and safety on the shop floor.
RIOS
Series A in 2022
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
Series B in 2021
Mantle Inc. is an engineering and manufacturing company based in Montreal, Canada, specializing in three-dimensional metal printing technology. Established in 2017, the company develops and operates a platform that enables enterprises to produce high-resolution parts tailored for applications in automotive, aerospace, and consumer product design. Mantle's additive technology, known as TrueShape, allows for the efficient printing of finished parts, significantly reducing the time and cost associated with creating production-grade tools, molds, and dies. By serving tool manufacturers, tool makers, and original equipment manufacturers, Mantle aims to meet the critical demands of various industries through its innovative solutions.
Falkonry
Venture Round in 2021
Falkonry Inc. is an industrial AI software company based in Sunnyvale, California, founded in 2012. It specializes in machine learning solutions that enhance condition recognition through real-time data analysis and expert feedback. Falkonry's products, such as Falkonry LRS and Falkonry Edge Analyzer, analyze multivariate time series data to identify patterns, predict critical events, and improve operational behaviors. The company serves Global Fortune 2000 clients across sectors like manufacturing and defense, providing insights that lead to significant improvements in production uptime, quality, yield, and safety. Its AI platform is designed for scalability and can be deployed on-site, at the edge, or in the cloud, with optimizations for major IIoT platforms. Falkonry’s solutions aim to enhance operations productivity and mission performance, assisting organizations in achieving greater efficiency throughout their production facilities.
OMAX
Acquisition in 2019
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, spares, and accessories, direct drive pumps, and software solutions, catering to various industries such as manufacturing, aerospace, and education. OMAX also provides post-installation support, technical assistance, and training services. Its customer base includes manufacturers, job shops, and educational institutions, both domestically and internationally, served through a network of distributors. Since April 10, 2019, OMAX has operated as a subsidiary of Hypertherm Inc.
Mantle
Series A in 2018
Mantle Inc. is an engineering and manufacturing company based in Montreal, Canada, specializing in three-dimensional metal printing technology. Established in 2017, the company develops and operates a platform that enables enterprises to produce high-resolution parts tailored for applications in automotive, aerospace, and consumer product design. Mantle's additive technology, known as TrueShape, allows for the efficient printing of finished parts, significantly reducing the time and cost associated with creating production-grade tools, molds, and dies. By serving tool manufacturers, tool makers, and original equipment manufacturers, Mantle aims to meet the critical demands of various industries through its innovative solutions.
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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