The Lambda Funds

The Lambda Funds is a New York-based venture capital firm founded in 1979 that focuses on niche market investments. The firm emphasizes a strategy where the number of potential competitors is limited and seeks opportunities where the capital required to establish a leading position is relatively modest, typically under $25 million. Lambda Funds primarily targets companies within the marketing and software sectors, aligning its investment philosophy with the intention of fostering innovation in these specialized areas.

8 past transactions

AiM Medical Robotics

Seed Round in 2022
AiM Medical Robotics is a company focused on developing an innovative robotic system designed for neurosurgical procedures. This unique system is MRI compatible, allowing patients to receive treatment while inside the MRI scanner, which provides physicians with real-time imaging feedback to enhance surgical outcomes. The robotic platform integrates surgical planning with MR functional robotics, ensuring precise trajectory guidance during procedures. AiM Medical Robotics aims to assist in the treatment of various conditions, including Parkinson's disease, epilepsy, tremors, and brain cancer, ultimately improving the quality of care for patients undergoing neurosurgery for functional brain disorders.

Cardialen

Series B in 2015
Cardialen, Inc. is a medical device company based in Minneapolis, Minnesota, that specializes in developing innovative therapies for heart arrhythmias, particularly atrial fibrillation. Founded in 2008, the company focuses on creating implantable devices that provide low-energy, pain-free cardioversion therapies to restore normal heart rhythm. These devices utilize a proprietary technology that delivers a sequential series of low-voltage pulses to effectively address atrial fibrillation and other related conditions, such as rapid ventricular tachycardia and ventricular fibrillation, while minimizing patient discomfort and protecting heart tissue from damage. By targeting significant unmet medical needs, Cardialen aims to improve the quality of life for individuals suffering from these heart conditions.

PingMD

Series B in 2013
PingMD, founded in 2009 and headquartered in New York, operates as a subsidiary of Kipu Systems LLC. It develops a digital care platform that facilitates communication between patients, doctors, and colleagues. The platform, PINGMD, allows users to securely send messages with photos or videos, enabling patients to share health concerns directly with their doctors, who can then respond or consult with colleagues for review. PingMD aims to enhance continuity of care by promoting clear communication and engagement among healthcare stakeholders.

DFMSim

Venture Round in 2013
DFMSim is a developer of innovative simulation software specifically designed for the semiconductor industry. The company provides a data-driven platform that allows for the design and production of complex integrated circuits at significantly reduced costs. By utilizing real data to simulate manufacturing processes, DFMSim's technology enables designers to verify chip designs in a low-cost, efficient environment, reducing the risk of expensive errors prior to actual production. This capability leads to faster development cycles, smoother transitions from development to production, and improved sustainability of yields at full production. In an industry facing rising costs and increased complexity, DFMSim's solutions address critical challenges, helping companies navigate the evolving landscape of semiconductor manufacturing.

DFMSim

Venture Round in 2012
DFMSim is a developer of innovative simulation software specifically designed for the semiconductor industry. The company provides a data-driven platform that allows for the design and production of complex integrated circuits at significantly reduced costs. By utilizing real data to simulate manufacturing processes, DFMSim's technology enables designers to verify chip designs in a low-cost, efficient environment, reducing the risk of expensive errors prior to actual production. This capability leads to faster development cycles, smoother transitions from development to production, and improved sustainability of yields at full production. In an industry facing rising costs and increased complexity, DFMSim's solutions address critical challenges, helping companies navigate the evolving landscape of semiconductor manufacturing.

SkillSurvey

Venture Round in 2008
SkillSurvey Inc. is a provider of cloud-based reference checking and credentialing solutions designed to enhance hiring processes for employers. Founded in 2001 and based in Berwyn, Pennsylvania, the company offers several key products, including SkillSurvey Reference, which automates the reference checking process; Hire 360, an online assessment tool that predicts job performance; and SkillSurvey Credential OnDemand, which facilitates real-time online responses from applicants and references. Additionally, SkillSurvey Source helps organizations identify new candidates through referrals. The company serves a diverse range of sectors, including healthcare, higher education, staffing and recruiting, retail, and engineering. With a focus on leveraging data-driven methodologies, SkillSurvey has developed patented solutions that improve the efficiency and accuracy of talent assessments, ultimately aiding organizations in making informed hiring decisions.

SkillSurvey

Series A in 2007
SkillSurvey Inc. is a provider of cloud-based reference checking and credentialing solutions designed to enhance hiring processes for employers. Founded in 2001 and based in Berwyn, Pennsylvania, the company offers several key products, including SkillSurvey Reference, which automates the reference checking process; Hire 360, an online assessment tool that predicts job performance; and SkillSurvey Credential OnDemand, which facilitates real-time online responses from applicants and references. Additionally, SkillSurvey Source helps organizations identify new candidates through referrals. The company serves a diverse range of sectors, including healthcare, higher education, staffing and recruiting, retail, and engineering. With a focus on leveraging data-driven methodologies, SkillSurvey has developed patented solutions that improve the efficiency and accuracy of talent assessments, ultimately aiding organizations in making informed hiring decisions.

HyPerformix

Series C in 2006
HyPerformix specializes in predictive information technology management solutions, focusing on capacity planning and performance optimization. The company offers a range of products and services tailored to meet various customer needs, including application profiling, IT decision support, and performance operations. Its Application Profiling Service for SAP helps organizations assess their enterprise landscapes by identifying performance bottlenecks and recommending corrective actions. The Capacity Manager serves as an automated tool for IT investment decision support and capacity planning, while the Performance Optimizer provides detailed prescriptions for optimized configurations and ongoing performance management. Additionally, the Data Manager acts as a centralized database to support data collection from SAP R/3 and NetWeaver-based environments, enhancing overall operational efficiency.
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