MassVentures

MassVentures is a venture capital firm based in Waltham, Massachusetts, established in 1978 as a quasi-public corporation by the Massachusetts Legislature. The firm focuses on providing seed and early-stage funding to high-growth startups, facilitating their transition from concept to commercialization. MassVentures invests primarily in sectors such as information technology, healthcare, cybersecurity, e-commerce, mobile, manufacturing, and robotics. With a governance structure that includes an independent Board of Directors and management by experienced venture capitalists, MassVentures leverages the state's entrepreneurial spirit and innovation centers to support the Massachusetts innovation economy. The firm also offers accelerator programs to further assist emerging companies in their growth journey.

Charles Hipwood

Founder, President and CEO

Charlie Hipwood

President and CEO

Vinit Nijhawan

Managing Director

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President of Investments

Past deals in Electronics

Feon

Seed Round in 2024
Feon develops new-molecule-based liquid electrolytes for lithium-ion and lithium-metal batteries.

Guardion

Grant in 2024
Guardion is a technology company specializing in advanced sensor technology, particularly in the development of radiation detectors that utilize the quantum properties of nanomaterials. This innovative approach allows Guardion to create low-cost, highly sensitive, and energy-efficient detectors suitable for large-scale deployment, especially in urban environments. The company focuses on applications that demand high sensitivity and miniaturization, providing analytical instruments and chemical detectors that serve various industries, including aerospace, healthcare, and national security. Guardion has received recognition for its contributions to the field, winning multiple awards such as the MassChallenge Gold Prize and the Technology in Space Prize from CASIS and Boeing. Additionally, the company participated in the inaugural cohort of the Techstars Autonomous Tech Accelerator, which is sponsored by the Air Force.

Feon

Seed Round in 2024
Feon develops new-molecule-based liquid electrolytes for lithium-ion and lithium-metal batteries.

Active Surfaces

Grant in 2023
Active Surfaces, a Massachusetts-based company, specializes in commercializing ultra-thin-film solar technology developed at MIT. Its core business involves creating flexible, lightweight solar panels that can be seamlessly integrated into everyday materials and surfaces, revolutionizing the conventional energy sector. The company's innovative manufacturing approach significantly reduces production costs, making solar power more accessible and affordable. This technology presents a transformational opportunity for semiconductor and electronics manufacturing, driving down costs for both module production and installation. By enabling virtually any surface to generate power, Active Surfaces aims to accelerate the transition to a cleaner, more sustainable future.

Feon

Grant in 2023
Feon develops new-molecule-based liquid electrolytes for lithium-ion and lithium-metal batteries.

Fourier

Grant in 2023
Fourier is a thermal management solutions ranging from high power density electronics to renewable energy to space applications.

Jetcool

Series A in 2022
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

PlenOptika

Grant in 2021
PlenOptika, Inc. is a technology company based in Allston, Massachusetts, that specializes in the development of a handheld device called QuickSee, which provides accurate eyeglass prescriptions through precise refractive measurements. Founded in 2014 as a spin-off from the Massachusetts Institute of Technology, the company addresses the significant global issue of low vision affecting over one billion people. QuickSee is designed to facilitate optometry, especially in rural and resource-limited settings, by simplifying the process of vision correction. The device captures the eye's full aberration fingerprint, effectively reducing the costs and physical space required by traditional autorefractors. PlenOptika aims to make eye care accessible to underserved communities worldwide and has received recognition from various social innovation foundations and business competitions for its contributions to healthcare technology.

Jetcool

Venture Round in 2021
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

Physical Sciences

Grant in 2020
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

Analog Photonics

Grant in 2020
Analog Photonics is an electronic company focused on the development of advanced photonics integrated circuits and high-performance silicon products. It specializes in creating LiDAR and optical communications technologies that facilitate high-speed communication. By leveraging a combination of silicon and silicon nitride as core waveguide layers, Analog Photonics produces application-specific integrated circuits tailored for a variety of sectors, including automotive, industrial, and defense. The company aims to provide innovative photonic components that meet the demands of modern technological applications.

Physical Sciences

Grant in 2020
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

PlenOptika

Grant in 2020
PlenOptika, Inc. is a technology company based in Allston, Massachusetts, that specializes in the development of a handheld device called QuickSee, which provides accurate eyeglass prescriptions through precise refractive measurements. Founded in 2014 as a spin-off from the Massachusetts Institute of Technology, the company addresses the significant global issue of low vision affecting over one billion people. QuickSee is designed to facilitate optometry, especially in rural and resource-limited settings, by simplifying the process of vision correction. The device captures the eye's full aberration fingerprint, effectively reducing the costs and physical space required by traditional autorefractors. PlenOptika aims to make eye care accessible to underserved communities worldwide and has received recognition from various social innovation foundations and business competitions for its contributions to healthcare technology.

MicroContinuum

Grant in 2019
MicroContinuum offers precision micro-and nano-imprinting and patterning using patented roll-to-roll and batch manufacturing technologies. It y serves a range of clients, including Fortune 100 corporations, startups, and government labs, helping test and develop new nanostructured surfaces for the electronics, lighting, solar, energy harvesting, and health industries.

Uniqarta

Grant in 2018
Uniqarta specializes in the development of advanced technologies for the manufacture of flexible electronics, focusing on small, ultra-thin integrated circuits (ICs). The company has developed a proprietary laser-enabled assembly technology that significantly enhances the efficiency of chip placement by replacing traditional pick-and-place methods with a fast, massively parallel approach. This innovative technology allows for the seamless integration of ultra-thin ICs into everyday materials such as paper and plastic, resulting in Smart Materials that eliminate the need for additional RFID labels. By addressing critical integration challenges, Uniqarta empowers electronics manufacturers to create next-generation products that contribute to the evolution of the Internet of Things (IoT).

Titan Advanced Energy Solutions

Grant in 2018
Titan Advanced Energy Solutions, Inc. is a developer of advanced battery management systems specifically for lithium-ion batteries. Founded in 2016 and based in Somerville, Massachusetts, the company utilizes patented ultrasound technology to enhance battery performance, achieving over 99% accuracy in state of health and state of charge assessments. This technology offers substantial benefits, including a minimum 20% increase in charge capacity and a 125% extension in battery life, while also providing real-time monitoring and balancing at the cell level. Titan's solutions cater to various industries, including electric vehicles, stationary energy storage, mobile devices, and battery manufacturing. Their ionView technology is competitively priced compared to traditional systems, delivering significant advantages to manufacturers, integrators, and end-users in the automotive and consumer markets, thereby contributing to the electrification and decarbonization efforts for a sustainable future.

Solchroma

Grant in 2018
Solchroma Technologies, Inc. is a manufacturer of innovative digital display screens designed specifically for advertising applications. Founded in 2015 and headquartered in Somerville, Massachusetts, the company specializes in non-LED displays that utilize sunlight-reflective properties and high-quality color capabilities. Their proprietary technology employs electroactive polymer actuators, functioning as hydraulic pumps, to move colored ink into separate filter chambers, allowing for full-color images using ambient light. This approach enables the creation of low-power, high-performance digital signage that complies with zoning regulations where traditional light-emitting technologies are restricted. Solchroma's products are particularly suited for outdoor advertising and on-premise signage, contributing to the development of smart cities while minimizing light pollution.

Physical Sciences

Grant in 2018
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

Metamagnetics

Grant in 2017
Metamagnetics specializes in developing radiofrequency (RF) and microwave products designed to enhance the performance of mission-critical radar, communication, and power supply systems. Their offerings include auto-tuning filters, power electronics cores, ferrite circulators and isolators, phase shifters, high-power microwave components, and microwave ferrite filters. These products enable defense and commercial organizations to design and deploy innovative solutions while achieving the required efficiency, performance, size, weight, power, and total cost.

Optodot Corporation

Grant in 2017
Optodot Corporation develops nanotechnology-based components for energy storage, energy conservation, and energy generation markets. Its product suite includes NanoPore, a ceramic nano-porous separator produced through a patented coating-based process, and NPORE lithium-ion battery separators, along with infrared-coated films and laminates used in covert and forensic security applications and window films. The company focuses on lithium-ion battery separators and organic solar cell markets, and on optical communications technologies such as optical switches, buffers, modulators, and photodetectors built on optical chip and component technology to improve optical transport networks. Optodot also offers intellectual property, product development, and contract coating services and pursues strategic partnerships and licensing to commercialize products for energy, security, and communications solutions. Its customers include startups and large enterprises, as well as government agencies like the Department of Defense and the Department of Energy. The company has a strategic partnership with Madico, Inc. since its operations began in 2000 and is headquartered in Woburn, Massachusetts.

Poly6 Technologies

Grant in 2016
Poly6 Technologies, Inc. is a Boston-based company that specializes in digital manufacturing solutions for the biotechnology, aerospace, and electronics industries. Established in 2016 and emerging from MIT's Langer Lab, Poly6 develops innovative stimuli-responsive materials systems that facilitate the integration of hardware, software, and materials within existing production processes. Utilizing advanced 3D printing technology, the company focuses on creating intelligent materials that enhance engineering design capabilities and improve system efficiency. Poly6's solutions allow for the production of complex components with better tolerance control, significantly reducing costs in established manufacturing sectors by up to 30%. Additionally, the company is committed to environmental sustainability, having developed a novel bioplastic from citrus waste, which aims to mitigate pollution in manufacturing practices.

Metamagnetics

Grant in 2015
Metamagnetics specializes in developing radiofrequency (RF) and microwave products designed to enhance the performance of mission-critical radar, communication, and power supply systems. Their offerings include auto-tuning filters, power electronics cores, ferrite circulators and isolators, phase shifters, high-power microwave components, and microwave ferrite filters. These products enable defense and commercial organizations to design and deploy innovative solutions while achieving the required efficiency, performance, size, weight, power, and total cost.

AddiLat

Grant in 2015
AddiLat is an electronics process technology company specializing in nano-particle printed electronics. It has developed an innovative manufacturing process for touchscreen sensors that offers superior optical performance while being cost-effective. This technology streamlines the production of transparent conducting films by eliminating several processing steps, which helps companies reduce both production costs and development time. By focusing on enhancing manufacturing efficiency, AddiLat positions itself as a key player in the electronics industry, particularly in the sector of touchscreen technology.

Physical Sciences

Grant in 2015
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

Xtalic

Grant in 2014
Founded in 2005, Xtalic specializes in developing and manufacturing unique nanostructured metal coatings that offer corrosion resistance, wear resistance, and improved appearance. Its patented electroplating process delivers premium performance across various applications, including decorative and functional metal finishing, electronics, waterproofing, and precious metal reduction. Notably, its products are free of hexavalent chromium, reducing environmental compliance costs and worker safety hazards.

Persimmon Technologies

Grant in 2014
Founded in 2010, Persimmon Technologies specializes in developing, manufacturing, and distributing advanced vacuum robotics for various industries including semiconductor, LED, OLED, solar, and flat panel display equipment markets. Headquartered in Wakefield, Massachusetts.

Intrinsix

Grant in 2013
Intrinsix Corp. is a privately held company that specializes in electronics and custom integrated circuit (IC) design engineering solutions. The company serves various industries, including aerospace, automotive, and military sectors. Intrinsix offers a range of services, including metrics-based verification, architectural modeling, silicon realization, and chip drafting. Its expertise encompasses the design of custom digital, analog, and mixed-signal integrated circuits, as well as sensors, system-on-a-chip products, and field-programmable gate array circuits.

SES

Grant in 2012
SolidEnergy Systems Corp. develops and manufactures rechargeable lithium metal batteries primarily for applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and based in Woburn, Massachusetts, the company focuses on producing high-performance lithium metal batteries and supplying essential materials, such as anodes and electrolytes, to major lithium-ion cell manufacturers. These materials can be integrated into existing manufacturing processes, allowing for scalability without significant infrastructure investments. SolidEnergy's pilot-scale production caters to prototype demonstrations and specialized aerospace markets, while its future growth is aimed at mainstream sectors like consumer electronics and electric vehicles. Additionally, the company is involved in developing AI-powered safety algorithms and recycling solutions, positioning itself as an integrated battery manufacturer with a commitment to innovation and sustainability.

CapeSym

Grant in 2012
CapeSym specializes in developing innovative radiation detection solutions. The company manufactures advanced semiconductors designed for nuclear detection, including scintillators such as SrI2(Eu) and CLYC(Ce), as well as TlBr and CdZnTe semiconductors. In addition to its product offerings, CapeSym provides consulting services to corporations and U.S. defense agencies in areas such as thermal management, crystal growth, advanced materials technologies, biomedical devices, and the design and fabrication of industrial equipment. Through these efforts, CapeSym contributes to the imaging industry by delivering effective radiation detectors and thermal analysis techniques.

GateRocket

Series A in 2009
GateRocket, Inc. provides verification and debugging solutions for FPGAs. It offers RocketDrive, a device native verification system for complex FPGAs, which accelerates verification throughput and identifies problems with IP blocks, pin-outs, and tool chain anomalies. The company also provides RocketVision, a FPGA debug solution that automates test point insertion and detects differences between RTL and FPGA devices. The company was incorporated in 2003 and is headquartered in Bedford, Massachusetts.

GateRocket

Series A in 2008
GateRocket, Inc. provides verification and debugging solutions for FPGAs. It offers RocketDrive, a device native verification system for complex FPGAs, which accelerates verification throughput and identifies problems with IP blocks, pin-outs, and tool chain anomalies. The company also provides RocketVision, a FPGA debug solution that automates test point insertion and detects differences between RTL and FPGA devices. The company was incorporated in 2003 and is headquartered in Bedford, Massachusetts.

ChipWrights

Series C in 2003
ChipWrights, Inc. is a fabless semiconductor company specializing in innovative digital and visual signal processing for embedded video and audio applications. The company develops all-in-one high-definition solutions, particularly focusing on System-on-a-Chip (SoC) devices that integrate complete systems onto a single chip. ChipWrights’ fully programmable, low-cost, low-power, and high-performance SoCs are designed for the digital imaging and video markets, featuring a vector DSP that achieves high parallelism in image data processing. The architecture is optimized for image and video processing, with tuned instruction sets and data access mechanisms. Recognizing the need for flexibility in rapidly evolving product requirements, ChipWrights emphasizes programmable solutions over fixed-function ASICs, which benefits system designers and manufacturers. The company also provides a comprehensive suite of development tools, reference boards, and application libraries, supported by a growing network of third-party DSP algorithm and application developers to foster innovation in imaging products.

Global Communication Devices

Series B in 2001
Global Communication Devices is engaged in the design of fabless RF and mixed-signal ICs (integrated circuits) and RF and mixed-signal.

ThreeCore

Series A in 2001
ThreeCore, Inc. is a consulting and supply chain services provider based in Beverly, Massachusetts, specializing in solutions for technology-driven industries such as semiconductor, electronics, telecommunications, and aerospace. Founded in 1999 as Assistantbuyer, Inc. and rebranded in 2001, the company offers a range of services including strategic outsourcing, operational consulting, and integrated supply chain management. ThreeCore's consultants leverage their extensive industry experience to assist organizations in navigating competitive markets and implementing effective change strategies. They focus on developing leaner enterprises by collaborating with clients to identify unique challenges and design tailored solutions. By utilizing root cause analysis and hands-on expertise, ThreeCore's team helps clients optimize their supply chains, enhance product design, and drive operational efficiency. Their commitment to building long-term relationships has enabled them to provide immediate and effective support, addressing the evolving needs of their clients in a fast-paced business environment.

Global Communication Devices

Series A in 2000
Global Communication Devices is engaged in the design of fabless RF and mixed-signal ICs (integrated circuits) and RF and mixed-signal.
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