Innovation Works is a venture capital firm based in Pittsburgh, Pennsylvania, established in 1999. With over 20 years of experience, it has become a key player in Southwestern Pennsylvania's technology economy, focusing on investing in high-potential companies that can significantly impact the regional economy. As the largest investor in seed-stage companies in the region, Innovation Works supports a diverse range of sectors, including robotics, artificial intelligence, medical devices, retail technologies, and enterprise software. In addition to financial investment, the firm offers business expertise and resources to help manufacturers adopt new technologies, further fostering innovation and growth within the local economy.
CapSen Robotics, Inc., founded in 2016 and based in Pittsburgh, Pennsylvania, specializes in advanced 3D computer vision systems that allow computers to interpret and navigate cluttered environments. The company offers a range of solutions, including cluttered object detection, scanning for both large and small objects, and object tracking, catering to diverse applications in factory automation, vehicle scanning, and retail inventory management. Drawing on research from MIT, CapSen’s technology enhances the capabilities of robots and computer vision systems, which are increasingly being utilized in less structured settings such as warehouses, hospitals, and homes. The company is currently beta testing its software with various system integrators and robotics firms, focusing on robotic picking applications and partnering with a major government contractor for a warehouse project. Their innovative object detection software has already demonstrated its effectiveness in competitive environments, such as a recent robotic order fulfillment competition.
PredxBio
Seed Round in 2024
PredxBio is a computational pathology company focused on developing artificial intelligence tools for analyzing whole slide image pathology samples through spatial analytics. The company's platform utilizes AI and machine learning to identify patterns and relationships within biological data, aiding clinicians and researchers in accelerating drug discovery and optimizing clinical trials. By automatically recognizing and classifying regions of interest in H&E-stained and immunohistochemistry slides, PredxBio enhances the decision-making process for pathologists and biopharma companies. This technology supports personalized therapeutic options, advances companion diagnostics, and improves clinical workflows, ultimately contributing to more efficient and targeted healthcare solutions.
Phlux Technologies
Seed Round in 2023
Phlux Technologies, Inc. is a developer of advanced 3D sensor technology aimed at enhancing safety and efficiency in robotics and automation. Founded in 2020 and headquartered in Pittsburgh, Pennsylvania, the company focuses on creating programmable 3D sensors that enable robots to navigate safely and collaboratively in industrial environments. By replacing traditional physical barriers with digital safety zones, Phlux's innovative products utilize proprietary optical sensing technology, artificial intelligence, and computer vision. These sensors help protect workers from hazardous machinery and alert vehicles to obstacles, ultimately freeing up floor space, reducing setup times, and improving overall productivity. Phlux Technologies is dedicated to enabling the development of smarter robots and self-driving vehicles, contributing to safer industrial operations.
Magnify Biosciences
Pre Seed Round in 2023
Magnify Biosciences specializes in advanced microscopy solutions, offering a high-resolution imaging platform and associated services. Their technology physically expands biological samples, enabling researchers to study complex structures and molecular interactions at the nanoscale, beyond the typical limits of light microscopy. This empowers researchers, entrepreneurs, and diagnostic labs to gain unique insights into cellular architecture, facilitating advancements in life sciences and diagnostics.
Agot
Convertible Note in 2023
Agot is a computer vision platform specifically designed for the quick service restaurant (QSR) industry. Its suite of solutions addresses key challenges faced by food service brands by digitizing restaurant activities and translating observations into real-time team interactions and impactful analytics. The platform aims to reduce online order errors, enhance customer ratings, improve pickup time estimates, and deliver actionable operational insights. By focusing on these areas, Agot enables enterprise food service brands to tackle their most significant pain points effectively.
Velo.AI
Non Equity Assistance in 2023
Velo AI specializes in enhancing cyclist safety through its innovative product, Copilot, an AI-powered bike light and camera system. This technology integrates artificial intelligence with rear-facing video recording to improve visibility and awareness for cyclists. Copilot provides real-time alerts for approaching vehicles, capturing video recordings of each ride to document cyclist experiences and behaviors. Additionally, it features audible warnings to alert cyclists of potential dangers from behind and visual warnings to inform drivers of their proximity to bicyclists. The system's predictive risk estimation capabilities track driver behavior, promoting safer riding practices and helping to prevent accidents on the road.
Velo.AI
Seed Round in 2023
Velo AI specializes in enhancing cyclist safety through its innovative product, Copilot, an AI-powered bike light and camera system. This technology integrates artificial intelligence with rear-facing video recording to improve visibility and awareness for cyclists. Copilot provides real-time alerts for approaching vehicles, capturing video recordings of each ride to document cyclist experiences and behaviors. Additionally, it features audible warnings to alert cyclists of potential dangers from behind and visual warnings to inform drivers of their proximity to bicyclists. The system's predictive risk estimation capabilities track driver behavior, promoting safer riding practices and helping to prevent accidents on the road.
SpIntellx
Convertible Note in 2023
SpIntellx, Inc. is a computational and systems pathology company based in Pittsburgh, Pennsylvania, specializing in spatial intelligence software products for cancer diagnosis. Established in 2017, the company offers innovative solutions such as SpIntellx, which analyzes image data sets from various imaging platforms and reagent types, enabling precise analysis of pathology tissue sections. Additionally, SpIntellx provides HistoMapr, a computational guide for pathologists, and TumorMapr, which examines the spatial interactions of biomarkers within whole slide images using multiplexed fluorescence. By leveraging unbiased spatial analytics powered by explainable AI, SpIntellx aims to enhance the understanding of complex cancer biology, contributing to advancements in medicine and research across drug development, diagnostics, and treatment pipelines.
SpIntellx
Seed Round in 2022
SpIntellx, Inc. is a computational and systems pathology company based in Pittsburgh, Pennsylvania, specializing in spatial intelligence software products for cancer diagnosis. Established in 2017, the company offers innovative solutions such as SpIntellx, which analyzes image data sets from various imaging platforms and reagent types, enabling precise analysis of pathology tissue sections. Additionally, SpIntellx provides HistoMapr, a computational guide for pathologists, and TumorMapr, which examines the spatial interactions of biomarkers within whole slide images using multiplexed fluorescence. By leveraging unbiased spatial analytics powered by explainable AI, SpIntellx aims to enhance the understanding of complex cancer biology, contributing to advancements in medicine and research across drug development, diagnostics, and treatment pipelines.
CapSen Robotics
Seed Round in 2022
CapSen Robotics, Inc., founded in 2016 and based in Pittsburgh, Pennsylvania, specializes in advanced 3D computer vision systems that allow computers to interpret and navigate cluttered environments. The company offers a range of solutions, including cluttered object detection, scanning for both large and small objects, and object tracking, catering to diverse applications in factory automation, vehicle scanning, and retail inventory management. Drawing on research from MIT, CapSen’s technology enhances the capabilities of robots and computer vision systems, which are increasingly being utilized in less structured settings such as warehouses, hospitals, and homes. The company is currently beta testing its software with various system integrators and robotics firms, focusing on robotic picking applications and partnering with a major government contractor for a warehouse project. Their innovative object detection software has already demonstrated its effectiveness in competitive environments, such as a recent robotic order fulfillment competition.
Phlux Technologies
Seed Round in 2022
Phlux Technologies, Inc. is a developer of advanced 3D sensor technology aimed at enhancing safety and efficiency in robotics and automation. Founded in 2020 and headquartered in Pittsburgh, Pennsylvania, the company focuses on creating programmable 3D sensors that enable robots to navigate safely and collaboratively in industrial environments. By replacing traditional physical barriers with digital safety zones, Phlux's innovative products utilize proprietary optical sensing technology, artificial intelligence, and computer vision. These sensors help protect workers from hazardous machinery and alert vehicles to obstacles, ultimately freeing up floor space, reducing setup times, and improving overall productivity. Phlux Technologies is dedicated to enabling the development of smarter robots and self-driving vehicles, contributing to safer industrial operations.
Phlux Technologies
Seed Round in 2021
Phlux Technologies, Inc. is a developer of advanced 3D sensor technology aimed at enhancing safety and efficiency in robotics and automation. Founded in 2020 and headquartered in Pittsburgh, Pennsylvania, the company focuses on creating programmable 3D sensors that enable robots to navigate safely and collaboratively in industrial environments. By replacing traditional physical barriers with digital safety zones, Phlux's innovative products utilize proprietary optical sensing technology, artificial intelligence, and computer vision. These sensors help protect workers from hazardous machinery and alert vehicles to obstacles, ultimately freeing up floor space, reducing setup times, and improving overall productivity. Phlux Technologies is dedicated to enabling the development of smarter robots and self-driving vehicles, contributing to safer industrial operations.
SpIntellx
Seed Round in 2021
SpIntellx, Inc. is a computational and systems pathology company based in Pittsburgh, Pennsylvania, specializing in spatial intelligence software products for cancer diagnosis. Established in 2017, the company offers innovative solutions such as SpIntellx, which analyzes image data sets from various imaging platforms and reagent types, enabling precise analysis of pathology tissue sections. Additionally, SpIntellx provides HistoMapr, a computational guide for pathologists, and TumorMapr, which examines the spatial interactions of biomarkers within whole slide images using multiplexed fluorescence. By leveraging unbiased spatial analytics powered by explainable AI, SpIntellx aims to enhance the understanding of complex cancer biology, contributing to advancements in medicine and research across drug development, diagnostics, and treatment pipelines.
Sterile Vision
Seed Round in 2021
Sterile Vision operates a medical platform designed to organize and track sterilizable tools and consumables throughout their entire use cycle in the perioperative environment. By leveraging computer vision and machine learning, the platform captures images of surgical instruments at various stages of sterilization, processing, and distribution. This technology enables precise identification and tracking of tools, significantly reducing the risk of loss and enhancing operational efficiency. The system not only streamlines the management of large tool trays but also helps clients optimize resources, ultimately leading to cost savings and improved workflow in surgical settings.
CapSen Robotics
Seed Round in 2020
CapSen Robotics, Inc., founded in 2016 and based in Pittsburgh, Pennsylvania, specializes in advanced 3D computer vision systems that allow computers to interpret and navigate cluttered environments. The company offers a range of solutions, including cluttered object detection, scanning for both large and small objects, and object tracking, catering to diverse applications in factory automation, vehicle scanning, and retail inventory management. Drawing on research from MIT, CapSen’s technology enhances the capabilities of robots and computer vision systems, which are increasingly being utilized in less structured settings such as warehouses, hospitals, and homes. The company is currently beta testing its software with various system integrators and robotics firms, focusing on robotic picking applications and partnering with a major government contractor for a warehouse project. Their innovative object detection software has already demonstrated its effectiveness in competitive environments, such as a recent robotic order fulfillment competition.
Agot
Seed Round in 2020
Agot is a computer vision platform specifically designed for the quick service restaurant (QSR) industry. Its suite of solutions addresses key challenges faced by food service brands by digitizing restaurant activities and translating observations into real-time team interactions and impactful analytics. The platform aims to reduce online order errors, enhance customer ratings, improve pickup time estimates, and deliver actionable operational insights. By focusing on these areas, Agot enables enterprise food service brands to tackle their most significant pain points effectively.
RoadBotics by Michelin
Non Equity Assistance in 2019
RoadBotics by Michelin specializes in advanced computer vision technology to assess and monitor public infrastructure, particularly roads. The company automates image mapping and road evaluations, utilizing machine vision and machine learning to quickly identify road issues on a large scale. Its web-based platform generates interactive maps and unbiased ratings, allowing governments and communities to make informed, data-driven decisions about their infrastructure assets. This approach not only streamlines the road assessment process but also helps municipalities effectively plan maintenance and save taxpayer resources. By providing practical tools for road condition evaluation, RoadBotics supports hundreds of communities globally in enhancing their public infrastructure management.
CleanRobotics
Seed Round in 2019
CleanRobotics, Inc., based in Pittsburgh, Pennsylvania, manufactures TrashBot, an autonomous system designed to streamline the recycling process. This innovative device utilizes robotics, computer vision, and artificial intelligence to effectively distinguish between landfill waste and recyclables. By automating waste sorting, TrashBot makes recycling more affordable for businesses and enhances profitability for recycling facilities. The system is equipped with cloud-connected technology that employs cameras and sensors to analyze discarded items, providing valuable data to recyclers. This approach not only reduces waste hauling costs for businesses but also offers sustainable solutions to pressing environmental challenges.
Agot
Pre Seed Round in 2019
Agot is a computer vision platform specifically designed for the quick service restaurant (QSR) industry. Its suite of solutions addresses key challenges faced by food service brands by digitizing restaurant activities and translating observations into real-time team interactions and impactful analytics. The platform aims to reduce online order errors, enhance customer ratings, improve pickup time estimates, and deliver actionable operational insights. By focusing on these areas, Agot enables enterprise food service brands to tackle their most significant pain points effectively.
RoadBotics by Michelin
Seed Round in 2018
RoadBotics by Michelin specializes in advanced computer vision technology to assess and monitor public infrastructure, particularly roads. The company automates image mapping and road evaluations, utilizing machine vision and machine learning to quickly identify road issues on a large scale. Its web-based platform generates interactive maps and unbiased ratings, allowing governments and communities to make informed, data-driven decisions about their infrastructure assets. This approach not only streamlines the road assessment process but also helps municipalities effectively plan maintenance and save taxpayer resources. By providing practical tools for road condition evaluation, RoadBotics supports hundreds of communities globally in enhancing their public infrastructure management.
CapSen Robotics
Seed Round in 2018
CapSen Robotics, Inc., founded in 2016 and based in Pittsburgh, Pennsylvania, specializes in advanced 3D computer vision systems that allow computers to interpret and navigate cluttered environments. The company offers a range of solutions, including cluttered object detection, scanning for both large and small objects, and object tracking, catering to diverse applications in factory automation, vehicle scanning, and retail inventory management. Drawing on research from MIT, CapSen’s technology enhances the capabilities of robots and computer vision systems, which are increasingly being utilized in less structured settings such as warehouses, hospitals, and homes. The company is currently beta testing its software with various system integrators and robotics firms, focusing on robotic picking applications and partnering with a major government contractor for a warehouse project. Their innovative object detection software has already demonstrated its effectiveness in competitive environments, such as a recent robotic order fulfillment competition.
RoadBotics by Michelin
Seed Round in 2018
RoadBotics by Michelin specializes in advanced computer vision technology to assess and monitor public infrastructure, particularly roads. The company automates image mapping and road evaluations, utilizing machine vision and machine learning to quickly identify road issues on a large scale. Its web-based platform generates interactive maps and unbiased ratings, allowing governments and communities to make informed, data-driven decisions about their infrastructure assets. This approach not only streamlines the road assessment process but also helps municipalities effectively plan maintenance and save taxpayer resources. By providing practical tools for road condition evaluation, RoadBotics supports hundreds of communities globally in enhancing their public infrastructure management.
CapSen Robotics
Angel Round in 2016
CapSen Robotics, Inc., founded in 2016 and based in Pittsburgh, Pennsylvania, specializes in advanced 3D computer vision systems that allow computers to interpret and navigate cluttered environments. The company offers a range of solutions, including cluttered object detection, scanning for both large and small objects, and object tracking, catering to diverse applications in factory automation, vehicle scanning, and retail inventory management. Drawing on research from MIT, CapSen’s technology enhances the capabilities of robots and computer vision systems, which are increasingly being utilized in less structured settings such as warehouses, hospitals, and homes. The company is currently beta testing its software with various system integrators and robotics firms, focusing on robotic picking applications and partnering with a major government contractor for a warehouse project. Their innovative object detection software has already demonstrated its effectiveness in competitive environments, such as a recent robotic order fulfillment competition.
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