Robin Healthcare, Inc. is a technology company specializing in healthcare software aimed at alleviating administrative burdens for medical professionals. Founded in 2017 and headquartered in Berkeley, California, with an additional office in Austin, Texas, the company offers a range of solutions including a smart assistant device, clinical documentation tools, order and medication entry, chart reviews, billing and coding, and referral management services. Its innovative electronic medical recording technology utilizes machine learning, artificial intelligence, and voice recognition to seamlessly capture patient notes and facilitate care coordination through natural dialogue between doctors and patients. This approach not only enhances compliance and billing accuracy but also allows healthcare providers to concentrate more on patient care rather than administrative tasks.
Fundbox, Inc. is a technology company based in San Francisco, California, with an additional office in Plano, Texas, that specializes in providing payment and credit solutions for small and mid-size businesses (SMBs). Founded in 2013, Fundbox operates an AI-driven cash flow management platform designed to streamline business payments and enhance credit network systems. By leveraging machine learning and deep data analytics, Fundbox offers invoice financing and lines of credit, enabling businesses to improve their cash flow by accelerating payments against outstanding invoices. This allows sellers of all sizes to enhance their average order volumes and close rates by providing more competitive payment terms to their SMB buyers, thereby disrupting the B2B commerce market.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Darwin Homes, Inc. provides property management services for owners and residents. Its services include repairs and maintenance, leasing, resident screening, rent collection, inspections, and eviction for owners; and services for residents. The company was incorporated in 2018 and is based in Austin, Texas.
Lumiata is transforming the healthcare enterprise through the application of AI. Bringing predictive power within reach of data science teams and business users, we’re driving predictability and precision at scale — empowering providers and payers to reduce risk and manage costs and move out of reliance on flat data into a future of insights. Lumiata machine learning tools and pre-trained models comprise a scalable platform purpose-built for healthcare. Lumiata products are built from more than 120 million patient records, in-depth clinical knowledge, and its proprietary clinical IP. Lumiata enables healthcare organizations to explore use cases such as underwriting and care management. Lumiata is proud to be backed by Khosla Ventures, Blue Venture Fund, Defy.vc, and AllegisNL Capital. Team Lumiata is distributed across Silicon Valley, Dallas, and Guadalajara, Mexico.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
Uhnder Inc. is a technology company focused on developing innovative products for sensing, cognition, and communication within the Internet of Things (IoT) market. Founded in 2015 and headquartered in California, with engineering and operations in Austin and St. Louis, Uhnder specializes in a digital automotive radar-on-chip. This technology offers a more accurate and reliable alternative to traditional light detection and ranging (lidar) systems, which are commonly used in autonomous vehicles. The radar-on-chip enhances safety by helping to avoid collisions, providing alerts for potential issues, and enabling quick localization through electronic navigation fences. By improving feedback response and system automation, Uhnder aims to transform the autonomous vehicle landscape.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
b8ta, Inc. is a retail company founded in 2015 and headquartered in San Francisco, California. Originally known as Beta Retail, the company specializes in providing a platform for consumer electronics and innovative home goods through experiential retail showrooms. b8ta focuses on enhancing the customer experience by allowing individuals to discover, try, and learn about the latest technology products in a hands-on environment. The company operates on a retail-as-a-service model, empowering product makers by offering them direct access to physical retail spaces, which facilitates a more engaging connection between creators and consumers. This approach aims to simplify the complexities of retail while promoting unbiased access to new products in the market. b8ta also has a presence in Austin, Texas, and is a subsidiary of The Macerich Partnership.
Fundbox, Inc. is a technology company based in San Francisco, California, with an additional office in Plano, Texas, that specializes in providing payment and credit solutions for small and mid-size businesses (SMBs). Founded in 2013, Fundbox operates an AI-driven cash flow management platform designed to streamline business payments and enhance credit network systems. By leveraging machine learning and deep data analytics, Fundbox offers invoice financing and lines of credit, enabling businesses to improve their cash flow by accelerating payments against outstanding invoices. This allows sellers of all sizes to enhance their average order volumes and close rates by providing more competitive payment terms to their SMB buyers, thereby disrupting the B2B commerce market.
Darwin Homes, Inc. provides property management services for owners and residents. Its services include repairs and maintenance, leasing, resident screening, rent collection, inspections, and eviction for owners; and services for residents. The company was incorporated in 2018 and is based in Austin, Texas.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Uhnder Inc. is a technology company focused on developing innovative products for sensing, cognition, and communication within the Internet of Things (IoT) market. Founded in 2015 and headquartered in California, with engineering and operations in Austin and St. Louis, Uhnder specializes in a digital automotive radar-on-chip. This technology offers a more accurate and reliable alternative to traditional light detection and ranging (lidar) systems, which are commonly used in autonomous vehicles. The radar-on-chip enhances safety by helping to avoid collisions, providing alerts for potential issues, and enabling quick localization through electronic navigation fences. By improving feedback response and system automation, Uhnder aims to transform the autonomous vehicle landscape.
Lumiata is transforming the healthcare enterprise through the application of AI. Bringing predictive power within reach of data science teams and business users, we’re driving predictability and precision at scale — empowering providers and payers to reduce risk and manage costs and move out of reliance on flat data into a future of insights. Lumiata machine learning tools and pre-trained models comprise a scalable platform purpose-built for healthcare. Lumiata products are built from more than 120 million patient records, in-depth clinical knowledge, and its proprietary clinical IP. Lumiata enables healthcare organizations to explore use cases such as underwriting and care management. Lumiata is proud to be backed by Khosla Ventures, Blue Venture Fund, Defy.vc, and AllegisNL Capital. Team Lumiata is distributed across Silicon Valley, Dallas, and Guadalajara, Mexico.
b8ta, Inc. is a retail company founded in 2015 and headquartered in San Francisco, California. Originally known as Beta Retail, the company specializes in providing a platform for consumer electronics and innovative home goods through experiential retail showrooms. b8ta focuses on enhancing the customer experience by allowing individuals to discover, try, and learn about the latest technology products in a hands-on environment. The company operates on a retail-as-a-service model, empowering product makers by offering them direct access to physical retail spaces, which facilitates a more engaging connection between creators and consumers. This approach aims to simplify the complexities of retail while promoting unbiased access to new products in the market. b8ta also has a presence in Austin, Texas, and is a subsidiary of The Macerich Partnership.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Lumiata is transforming the healthcare enterprise through the application of AI. Bringing predictive power within reach of data science teams and business users, we’re driving predictability and precision at scale — empowering providers and payers to reduce risk and manage costs and move out of reliance on flat data into a future of insights. Lumiata machine learning tools and pre-trained models comprise a scalable platform purpose-built for healthcare. Lumiata products are built from more than 120 million patient records, in-depth clinical knowledge, and its proprietary clinical IP. Lumiata enables healthcare organizations to explore use cases such as underwriting and care management. Lumiata is proud to be backed by Khosla Ventures, Blue Venture Fund, Defy.vc, and AllegisNL Capital. Team Lumiata is distributed across Silicon Valley, Dallas, and Guadalajara, Mexico.
Mio, based in Austin, Texas, specializes in messaging interoperability solutions that facilitate collaboration across different communication platforms. Its flagship product, Mio Universal Channels, connects users on Slack, Microsoft Teams, and Webex Teams, allowing seamless interactions between employees from various organizations. Users can engage in chat, share files, and manage conversations through their preferred tools, enhancing productivity and teamwork. Founded by Tom Hadfield and James Cundle, Mio has secured $12 million in funding from notable investors, including Goldcrest Capital and Y Combinator. The company aims to streamline cross-platform communication, enabling efficient collaboration regardless of the chat application used.
b8ta, Inc. is a retail company founded in 2015 and headquartered in San Francisco, California. Originally known as Beta Retail, the company specializes in providing a platform for consumer electronics and innovative home goods through experiential retail showrooms. b8ta focuses on enhancing the customer experience by allowing individuals to discover, try, and learn about the latest technology products in a hands-on environment. The company operates on a retail-as-a-service model, empowering product makers by offering them direct access to physical retail spaces, which facilitates a more engaging connection between creators and consumers. This approach aims to simplify the complexities of retail while promoting unbiased access to new products in the market. b8ta also has a presence in Austin, Texas, and is a subsidiary of The Macerich Partnership.
Luminostics, Inc. is a healthcare technology company based in Houston, Texas, established in 2015. The company has developed a smartphone-based adaptor that enables users to conduct molecular-level health assessments through do-it-yourself disease testing. This innovative solution allows healthcare professionals and consumers to obtain health information quickly, with tests that can be completed in just 15 minutes. By combining mobile technology with accessible testing methods, Luminostics aims to enhance the way individuals monitor and manage their health.
Lumiata is transforming the healthcare enterprise through the application of AI. Bringing predictive power within reach of data science teams and business users, we’re driving predictability and precision at scale — empowering providers and payers to reduce risk and manage costs and move out of reliance on flat data into a future of insights. Lumiata machine learning tools and pre-trained models comprise a scalable platform purpose-built for healthcare. Lumiata products are built from more than 120 million patient records, in-depth clinical knowledge, and its proprietary clinical IP. Lumiata enables healthcare organizations to explore use cases such as underwriting and care management. Lumiata is proud to be backed by Khosla Ventures, Blue Venture Fund, Defy.vc, and AllegisNL Capital. Team Lumiata is distributed across Silicon Valley, Dallas, and Guadalajara, Mexico.
Private Equity Round in 2016
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
b8ta, Inc. is a retail company founded in 2015 and headquartered in San Francisco, California. Originally known as Beta Retail, the company specializes in providing a platform for consumer electronics and innovative home goods through experiential retail showrooms. b8ta focuses on enhancing the customer experience by allowing individuals to discover, try, and learn about the latest technology products in a hands-on environment. The company operates on a retail-as-a-service model, empowering product makers by offering them direct access to physical retail spaces, which facilitates a more engaging connection between creators and consumers. This approach aims to simplify the complexities of retail while promoting unbiased access to new products in the market. b8ta also has a presence in Austin, Texas, and is a subsidiary of The Macerich Partnership.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Fundbox, Inc. is a technology company based in San Francisco, California, with an additional office in Plano, Texas, that specializes in providing payment and credit solutions for small and mid-size businesses (SMBs). Founded in 2013, Fundbox operates an AI-driven cash flow management platform designed to streamline business payments and enhance credit network systems. By leveraging machine learning and deep data analytics, Fundbox offers invoice financing and lines of credit, enabling businesses to improve their cash flow by accelerating payments against outstanding invoices. This allows sellers of all sizes to enhance their average order volumes and close rates by providing more competitive payment terms to their SMB buyers, thereby disrupting the B2B commerce market.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
Fundbox, Inc. is a technology company based in San Francisco, California, with an additional office in Plano, Texas, that specializes in providing payment and credit solutions for small and mid-size businesses (SMBs). Founded in 2013, Fundbox operates an AI-driven cash flow management platform designed to streamline business payments and enhance credit network systems. By leveraging machine learning and deep data analytics, Fundbox offers invoice financing and lines of credit, enabling businesses to improve their cash flow by accelerating payments against outstanding invoices. This allows sellers of all sizes to enhance their average order volumes and close rates by providing more competitive payment terms to their SMB buyers, thereby disrupting the B2B commerce market.
Theatro is a software company that specializes in developing business applications for wearable computing devices aimed at the indoor mobile workforce. Primarily serving the retail and hospitality sectors, Theatro offers a suite of productivity applications designed to enhance communication and management for in-store employees. Their solutions include cloud-based services, wearable computers, in-door location tracking, and analytics tools that integrate with existing technologies such as WiFi and business intelligence systems. Founded in 2011 and headquartered in Dallas, Texas, with an additional office in Bengaluru, India, Theatro aims to improve sales associate productivity, conversion rates, and overall store profitability through its innovative technology.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
Fundbox, Inc. is a technology company based in San Francisco, California, with an additional office in Plano, Texas, that specializes in providing payment and credit solutions for small and mid-size businesses (SMBs). Founded in 2013, Fundbox operates an AI-driven cash flow management platform designed to streamline business payments and enhance credit network systems. By leveraging machine learning and deep data analytics, Fundbox offers invoice financing and lines of credit, enabling businesses to improve their cash flow by accelerating payments against outstanding invoices. This allows sellers of all sizes to enhance their average order volumes and close rates by providing more competitive payment terms to their SMB buyers, thereby disrupting the B2B commerce market.
Lumiata is transforming the healthcare enterprise through the application of AI. Bringing predictive power within reach of data science teams and business users, we’re driving predictability and precision at scale — empowering providers and payers to reduce risk and manage costs and move out of reliance on flat data into a future of insights. Lumiata machine learning tools and pre-trained models comprise a scalable platform purpose-built for healthcare. Lumiata products are built from more than 120 million patient records, in-depth clinical knowledge, and its proprietary clinical IP. Lumiata enables healthcare organizations to explore use cases such as underwriting and care management. Lumiata is proud to be backed by Khosla Ventures, Blue Venture Fund, Defy.vc, and AllegisNL Capital. Team Lumiata is distributed across Silicon Valley, Dallas, and Guadalajara, Mexico.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
KiOR, Inc. is a renewable fuels company based in Pasadena, Texas, that focuses on producing cellulosic gasoline and diesel from lignocellulosic biomass through its proprietary technology. Founded in 2007, the company aims to commercialize a process that converts agricultural waste into biocrude, a mixture of small hydrocarbon molecules suitable for refining into fuels. KiOR's approach offers several advantages, including cost-effectiveness, the use of a non-toxic catalyst, and compatibility with existing fuel-refining infrastructure. The company's products are targeted at refiners, terminal and rack owners, and fleet operators, enabling them to utilize clean-burning fuels in current vehicles.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
KiOR, Inc. is a renewable fuels company based in Pasadena, Texas, that focuses on producing cellulosic gasoline and diesel from lignocellulosic biomass through its proprietary technology. Founded in 2007, the company aims to commercialize a process that converts agricultural waste into biocrude, a mixture of small hydrocarbon molecules suitable for refining into fuels. KiOR's approach offers several advantages, including cost-effectiveness, the use of a non-toxic catalyst, and compatibility with existing fuel-refining infrastructure. The company's products are targeted at refiners, terminal and rack owners, and fleet operators, enabling them to utilize clean-burning fuels in current vehicles.
Private Equity Round in 2010
KiOR, Inc. is a renewable fuels company based in Pasadena, Texas, that focuses on producing cellulosic gasoline and diesel from lignocellulosic biomass through its proprietary technology. Founded in 2007, the company aims to commercialize a process that converts agricultural waste into biocrude, a mixture of small hydrocarbon molecules suitable for refining into fuels. KiOR's approach offers several advantages, including cost-effectiveness, the use of a non-toxic catalyst, and compatibility with existing fuel-refining infrastructure. The company's products are targeted at refiners, terminal and rack owners, and fleet operators, enabling them to utilize clean-burning fuels in current vehicles.
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.
KiOR, Inc. is a renewable fuels company based in Pasadena, Texas, that focuses on producing cellulosic gasoline and diesel from lignocellulosic biomass through its proprietary technology. Founded in 2007, the company aims to commercialize a process that converts agricultural waste into biocrude, a mixture of small hydrocarbon molecules suitable for refining into fuels. KiOR's approach offers several advantages, including cost-effectiveness, the use of a non-toxic catalyst, and compatibility with existing fuel-refining infrastructure. The company's products are targeted at refiners, terminal and rack owners, and fleet operators, enabling them to utilize clean-burning fuels in current vehicles.
KiOR, Inc. is a renewable fuels company based in Pasadena, Texas, that focuses on producing cellulosic gasoline and diesel from lignocellulosic biomass through its proprietary technology. Founded in 2007, the company aims to commercialize a process that converts agricultural waste into biocrude, a mixture of small hydrocarbon molecules suitable for refining into fuels. KiOR's approach offers several advantages, including cost-effectiveness, the use of a non-toxic catalyst, and compatibility with existing fuel-refining infrastructure. The company's products are targeted at refiners, terminal and rack owners, and fleet operators, enabling them to utilize clean-burning fuels in current vehicles.