Pelion Ventures V

Pelion Ventures V, managed by Pelion Venture Partners, is an early-stage venture capital fund based in Salt Lake City, Utah. Established in 1986, the firm focuses on investing nationwide in technology companies that apply innovative software solutions to enterprise needs, with a particular interest in cloud, internet, mobile, analytics, and networking sectors. Pelion Venture Partners is known for its hands-on, collaborative approach with portfolio companies, leveraging its deep and diverse industry experience to help entrepreneurs transform early-stage concepts into leading businesses.

Roy Banks

Venture Partner

Carine Clark

General Partner

Susannah Duke

Principal

Tyler Hogge

Venture Partner

Ally Hunter

Analyst

Jeff Kearl

General Partner

Ben Lambert

General Partner

Trevor Lund

Vice President of Finance

Blake Modersitzki

Managing Partner

Matt Mosman

General Partner

Kristy Muir

Senior Associate

Abdou Ndao

Investment Associate

Chad Packard

General Partner

Holly Preslar

Senior Associate

Skyler Seymour

Senior Associate

Sterling Snow

Venture Partner and Executive in Investment

Daylor Youngblood

Associate

213 past transactions

Canopy

Series C in 2025
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Cy4Data Labs

Series A in 2025
Cy4Data Labs specializes in advanced data security solutions. They develop systems that safeguard unlimited data fields, tables, and records across various environments, including on-premise, cloud, and SaaS. Their software integrates seamlessly with existing security technologies, providing continuous data protection even after a breach. It also offers robust data governance, mitigating risks from human error and unknown vulnerabilities, thereby enabling clients to manage their data securely.

Subscript

Series A in 2025
Subscript is a platform designed to help users develop, understand, and manage subscription businesses effectively. The company's software enables users to track and analyze key subscription metrics such as annual recurring revenue, net revenue retention, customer acquisition cost, and lifetime value. By providing real-time insights into these metrics, Subscript allows finance teams to assess the performance of their subscription models and make informed decisions. Through its tools, users can also segment their customer base for deeper analysis, facilitating a better understanding of their business dynamics.

Jump

Series A in 2025
Jump is an AI-powered assistant that redefines how wealth advisors manage their client interactions and compliance tasks. Created to turn conversations into actionable tasks, comprehensive notes, and compliance records, Jump offers a complete solution for advisors seeking efficiency and accuracy in their daily operations.

Moises

Series A in 2025
Moises is an audio technology company focused on enhancing music and audio processing through machine learning and data science. It provides a platform equipped with advanced artificial intelligence tools designed for musicians and producers. Key features of the platform include audio separation, pitch and beat detection, chord detection, a metronome, tempo changing, and mastering capabilities. These tools empower users to practice, study, teach, and play music, allowing for greater customization and editing of tracks. Moises aims to support creative processes by leveraging innovative technology tailored to the needs of the music community.

Redo

Series A in 2024
Redo develops a free return automation application for brand owners. It turns refunds into exchanges or store credit. It also automates the return process to operate under preferences and helps clients transform their returns center into a profit center. Its package protection simplifies claims management with an all-in-one customer portal, making it easy to offer, track, and resolve claims.

Protect AI

Series B in 2024
Protect AI is a cybersecurity company focused on safeguarding machine learning and artificial intelligence systems from security threats. The company offers a platform that adheres to zero trust principles, ensuring that only secure and compliant AI models are utilized. Its technology continuously scans both third-party and in-house models for potential security vulnerabilities before deployment. Additionally, Protect AI provides detailed profiles of various threat categories, enabling organizations to enhance their security posture. With its comprehensive AI Security Posture Management capabilities, the company delivers end-to-end visibility and control, helping organizations maintain the integrity and safety of their AI applications throughout the machine learning lifecycle.

Strider

Venture Round in 2024
Strider is a strategic intelligence firm that specializes in risk management, utilizing artificial intelligence to transform publicly available data into actionable insights. The company aids organizations in protecting their intellectual property from state-sponsored theft, enhancing their technology and innovation while also addressing targeted talent acquisition and supply chain vulnerabilities. Strider's platform combines proprietary datasets, machine learning, and human intelligence to highlight economic risks that extend beyond the cyber realm. By providing essential insights and tools, Strider enables organizations to safeguard their most valuable assets and maintain a competitive edge in the marketplace.

Canopy

Venture Round in 2024
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Torus

Venture Round in 2024
Torus is a Utah-based energy solutions company, focused on making renewable energy storage and management more efficient, affordable, and sustainable.

Crew

Pre Seed Round in 2024
Crew is the best place for families to bank. Crew replaces your old bank by helping parents manage their finances and set their children up for the future.

Formant

Series A in 2023
Formant is a technology company that specializes in monitoring and operations infrastructure for robotic fleets. Established in 2017 and based in San Francisco, California, the company offers a cloud-based platform that enables clients to monitor robot performance, receive alerts, and conduct root cause analyses when issues arise. Formant's platform is designed to integrate with various robotic applications and existing tools, providing a secure and scalable cloud infrastructure that facilitates robotic automation. The company was founded by a team of experienced software engineers, roboticists, and product managers from notable tech organizations, emphasizing the belief that enhanced cloud infrastructure can optimize the collaboration between humans and robots.

Nursa

Series B in 2023
Nursa is a healthcare staffing platform based in Murray, Utah, founded in 2019, that connects licensed clinicians with healthcare facilities to fill short-term per diem shifts. The platform posts shifts to a network of registered nurses, licensed practical nurses, and certified nursing assistants, who can request to fill available shifts. Facility directors review interested clinicians and schedule the best match, enabling flexible work opportunities for clinicians while helping facilities meet staffing needs quickly and cost-effectively.

Protect AI

Series A in 2023
Protect AI is a cybersecurity company focused on safeguarding machine learning and artificial intelligence systems from security threats. The company offers a platform that adheres to zero trust principles, ensuring that only secure and compliant AI models are utilized. Its technology continuously scans both third-party and in-house models for potential security vulnerabilities before deployment. Additionally, Protect AI provides detailed profiles of various threat categories, enabling organizations to enhance their security posture. With its comprehensive AI Security Posture Management capabilities, the company delivers end-to-end visibility and control, helping organizations maintain the integrity and safety of their AI applications throughout the machine learning lifecycle.

Giddy

Venture Round in 2023
Giddy is a blockchain and cryptocurrency technology company focused on simplifying access to decentralized finance (DeFi) for everyday consumers. The company offers a platform that enables users to easily manage their crypto assets, allowing them to fully own and utilize their investments without the complexities often associated with the process. Giddy's software provides features such as private key management, fast fiat transfers, and streamlined interactions with smart contracts, all while ensuring user security through private key sharing technology. Additionally, the platform includes robust data analytics to assist users in making informed investment decisions. Giddy's mission is to make DeFi accessible to a broad audience, regardless of their technical expertise or the size of their cryptocurrency holdings.

SimpleRose

Venture Round in 2023
SimpleRose Inc. is a technology company based in Saint Louis, Missouri, that specializes in developing a prescriptive analytics platform aimed at enhancing decision-making in complex environments. Founded in 2018, the company offers solutions that optimize and accelerate processes such as scheduling, production planning, and portfolio optimization. By leveraging advanced algorithmic innovations, SimpleRose’s platform provides high levels of numerical accuracy, speed, and the capability for continuous analysis, enabling organizations to effectively address operational challenges and make informed decisions.

Britive

Series B in 2023
Britive, Inc. is a cloud security company that specializes in providing solutions for cloud-forward enterprises. Founded in 2018 and headquartered in Glendale, California, with an additional office in Bengaluru, India, Britive offers a cloud-native platform that enhances privileged access management across multi-cloud environments. The company's solution empowers teams in cloud infrastructure, DevOps, and security functions by delivering dynamic and intelligent administration of privileged access. It facilitates the implementation of cloud security best practices, such as just-in-time access and zero standing privileges, which help prevent security breaches and operational disruptions while improving efficiency and productivity. Additionally, Britive's platform enables organizations to identify and address privileged access blind spots, including overprivileged users, and recommends necessary adjustments to enhance security.

Monarx

Venture Round in 2023
Monarx specializes in advanced malware detection and remediation solutions tailored for web hosters. Their cloud-delivered server security system provides continuous, real-time harmful script detection and proactive prevention without requiring signatures. The company offers a free hunting and repair engine specifically designed to address web shells and backdoors. Monarx's technology enhances security by hardening servers and applications, and it delivers actionable intelligence about online security posture based on best practices. By focusing on post-exploit prevention that does not rely on signatures, Monarx is establishing new standards in server security for web environments.

Yendo

Series A in 2023
Yendo is a company that offers accounting software tailored for small and medium-sized businesses. As a cloud-based application, Yendo allows users to access its features anytime and anywhere with an internet connection. The software enables users to efficiently manage invoicing, purchases, expenses, and payments, as well as track financial performance through profit and loss statements, balance sheets, and customizable reports. Based in Ireland, Yendo serves a substantial customer base in both the United Kingdom and the United States. Additionally, Yendo provides a credit card platform that offers asset-backed credit products, allowing consumers to leverage the equity in their vehicles or homes for significantly higher credit limits at competitive interest rates. This offering enables users to obtain credit without the need for traditional FICO score checks.

GrainChain

Venture Round in 2023
GrainChain, Inc. is a software development company based in McAllen, Texas, founded in 2013. It creates a blockchain-based exchange platform aimed at enhancing the efficiency and security of transactions within the agriculture sector. The platform enables farmers, buyers, and grain silos to buy, sell, and track grain seamlessly, while also generating documentation that tracks the journey of harvests from farm to table. By utilizing smart contracts, GrainChain secures funds throughout the transaction process, reducing the potential for fraud and ensuring prompt payments. The company's solutions address systemic issues in the soft commodities market, such as payment delays and corruption, while increasing transparency and accountability. GrainChain's technology significantly shortens the transaction process, which can traditionally take weeks, to nearly instantaneous, benefiting all participants in the agricultural supply chain, including farmers, buyers, brokers, and consumers.

Cacheflow

Series A in 2022
Cacheflow is a San Francisco-based company founded in 2021 that offers a zero-code software-as-a-service (SaaS) sales platform designed to automate the proposal-to-payment process. The platform simplifies the SaaS sales flow by integrating various functionalities into a single solution, allowing sales teams to generate dynamic quotes quickly and streamline the buying process. Its features include self-service checkout, flexible payment options, automated billing, and upfront cash flow, all aimed at enhancing client relationships and enabling SaaS businesses to sell more efficiently. Cacheflow's approach focuses on ease of use and accessibility, making it easier for sales teams to manage transactions without requiring extensive technical expertise.

Oops

Seed Round in 2022
Oops is a venture-backed startup founded in 2022 and based in Salt Lake City, Utah. The company provides an online platform that simplifies the process of returning products by offering doorstep services for packing, taping, labeling, and transporting items. By streamlining returns, Oops enables individuals to manage their returns conveniently from home, saving them time, effort, and resources.

Harmonic.ai

Series A in 2022
Harmonic connects entrepreneurs with the resources & capital they need to drive innovation. Harmonic's data engine provides insights into startups & professionals, allowing its users to identify opportunities using fresh company information. Harmonic was established in 2020 in San Francisco, California.

HitPiece

Seed Round in 2022
HitPiece is a platform that connects music creators and fans through non‑fungible tokens and exclusive experiences. Artists can launch NFT‑unlocked content, artwork, and bespoke generative covers, allowing fans to purchase unique music NFTs. The marketplace enables collectors and copyright holders to earn ongoing income from their holdings. HitPiece also offers in‑person and metaverse experiences to deepen fan engagement.

Denim

Series B in 2022
Denim is a freight payment system that focuses on enhancing the operational efficiency of freight brokers. The company offers a comprehensive platform designed to streamline back-office processes, including payments, collections, and financing. By providing services such as factoring and automated invoicing, Denim enables small freight brokers to access essential working capital necessary for growth in a competitive market. The software aims to simplify complex financial operations, allowing brokers to devote more time to managing their core business activities while enhancing their financial management capabilities.

Open Raven

Series B in 2022
Open Raven, Inc. is a data security company that specializes in data protection through its innovative platform designed to assess and manage data risk for enterprises. Founded in 2019 and based in Los Angeles, California, Open Raven offers solutions that map data stores across cloud environments and corporate networks, enabling organizations to identify sensitive and exposed data. Its platform provides visibility and control to prevent data breaches, alerting security teams to potential risks and unauthorized access. With features such as pre-built connectors and an open-source model, Open Raven aims to empower businesses to safeguard their data effectively and manage compliance incidents in modern cloud infrastructures.

Continuum Technology

Series A in 2022
Continuum Technology offers software that manages executive availability, contracts, invoices, and payments. It is a platform that enables fractional time executives, allowing them to monetize their expertise and automate your back office.

Rivet

Series B in 2022
Rivet Health, Inc. is a company specializing in healthcare revenue cycle management through its software-as-a-service platform. Founded in 2018 and based in Cottonwood Heights, Utah, Rivet provides tools that enhance financial transparency and operational efficiency for healthcare providers and patients. Its offerings include features that allow providers to quote and collect patient costs upfront and manage payer contracts effectively. The software also helps patients understand their financial responsibilities, detect underpayments, and create accurate estimates, thereby fostering better communication between providers and payers. By addressing the complexities of healthcare transactions, Rivet aims to improve the overall experience for both patients and providers.

LiveView Technologies

Series B in 2022
Live View Technologies develops remote camera and data acquisition systems and solutions. It helps makes it easy for both public and private entities to stream live video as well as gather data from sensors from anywhere on the planet using cellular, satellite, wireless, or WAN/MAN/LAN networks.

Protect AI

Seed Round in 2022
Protect AI is a cybersecurity company focused on safeguarding machine learning and artificial intelligence systems from security threats. The company offers a platform that adheres to zero trust principles, ensuring that only secure and compliant AI models are utilized. Its technology continuously scans both third-party and in-house models for potential security vulnerabilities before deployment. Additionally, Protect AI provides detailed profiles of various threat categories, enabling organizations to enhance their security posture. With its comprehensive AI Security Posture Management capabilities, the company delivers end-to-end visibility and control, helping organizations maintain the integrity and safety of their AI applications throughout the machine learning lifecycle.

Trace

Series C in 2022
Trace is a software platform that automatically edits and delivers personalized moments for each player. Trace is a ground-breaking technology that automatically films and edits video into moments for every player on the field. With Trace, players, parents, and coaches are delivered the edited moments that matter to them instead of the whole game.

Giddy

Seed Round in 2022
Giddy is a blockchain and cryptocurrency technology company focused on simplifying access to decentralized finance (DeFi) for everyday consumers. The company offers a platform that enables users to easily manage their crypto assets, allowing them to fully own and utilize their investments without the complexities often associated with the process. Giddy's software provides features such as private key management, fast fiat transfers, and streamlined interactions with smart contracts, all while ensuring user security through private key sharing technology. Additionally, the platform includes robust data analytics to assist users in making informed investment decisions. Giddy's mission is to make DeFi accessible to a broad audience, regardless of their technical expertise or the size of their cryptocurrency holdings.

Formant

Series A in 2022
Formant is a technology company that specializes in monitoring and operations infrastructure for robotic fleets. Established in 2017 and based in San Francisco, California, the company offers a cloud-based platform that enables clients to monitor robot performance, receive alerts, and conduct root cause analyses when issues arise. Formant's platform is designed to integrate with various robotic applications and existing tools, providing a secure and scalable cloud infrastructure that facilitates robotic automation. The company was founded by a team of experienced software engineers, roboticists, and product managers from notable tech organizations, emphasizing the belief that enhanced cloud infrastructure can optimize the collaboration between humans and robots.

Redo

Seed Round in 2022
Redo develops a free return automation application for brand owners. It turns refunds into exchanges or store credit. It also automates the return process to operate under preferences and helps clients transform their returns center into a profit center. Its package protection simplifies claims management with an all-in-one customer portal, making it easy to offer, track, and resolve claims.

Canopy

Venture Round in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Presidio Identity

Seed Round in 2021
Presidio Identity is a provider of digital identity solutions established in 2020 by founders Dennis Moore, Tommy Lau, and Joshua Moore. Based in the United States and operating fully remotely, the company focuses on enhancing user authentication and digital interactions through a digital-native approach that prioritizes security, privacy, and simplicity. Presidio Identity's platform aims to protect users from identity theft and financial fraud while improving overall user experiences. By empowering clients to regain control over sensitive data, the company facilitates secure interactions between customers and service providers, thereby addressing prevalent issues in the digital landscape.

Hivewire

Venture Round in 2021
Hivewire, Inc. is a software development company specializing in visual workflow tools designed for teams and individuals. Established in 2018 and located in Lehi, Utah, the company focuses on enhancing post-sale workflows through its management platform, which facilitates database management and process automation. Hivewire's offerings enable businesses to create and manage customized solutions, promoting team collaboration within a unified workspace.

Yendo

Seed Round in 2021
Yendo is a company that offers accounting software tailored for small and medium-sized businesses. As a cloud-based application, Yendo allows users to access its features anytime and anywhere with an internet connection. The software enables users to efficiently manage invoicing, purchases, expenses, and payments, as well as track financial performance through profit and loss statements, balance sheets, and customizable reports. Based in Ireland, Yendo serves a substantial customer base in both the United Kingdom and the United States. Additionally, Yendo provides a credit card platform that offers asset-backed credit products, allowing consumers to leverage the equity in their vehicles or homes for significantly higher credit limits at competitive interest rates. This offering enables users to obtain credit without the need for traditional FICO score checks.

Cacheflow

Seed Round in 2021
Cacheflow is a San Francisco-based company founded in 2021 that offers a zero-code software-as-a-service (SaaS) sales platform designed to automate the proposal-to-payment process. The platform simplifies the SaaS sales flow by integrating various functionalities into a single solution, allowing sales teams to generate dynamic quotes quickly and streamline the buying process. Its features include self-service checkout, flexible payment options, automated billing, and upfront cash flow, all aimed at enhancing client relationships and enabling SaaS businesses to sell more efficiently. Cacheflow's approach focuses on ease of use and accessibility, making it easier for sales teams to manage transactions without requiring extensive technical expertise.

Aumni

Series B in 2021
Aumni is a data-driven investment analytics platform based in the United States, focusing on private capital markets, which include venture funds, family offices, university endowments, and corporate venture firms. Founded by former corporate attorneys Tony Lewis and Kelsey Chase in Salt Lake City, Utah, Aumni leverages a combination of artificial intelligence and human expertise to extract and analyze critical deal data from complex legal agreements. The platform provides strategic insights into the economic positions and legal rights of investors, converting intricate deal data into a comprehensive and accurate dataset. By auditing and analyzing every transaction, Aumni enables investors and venture firms to make informed decisions, having already analyzed a vast array of private capital data linked to over $1 trillion in assets under management.

Coco

Series A in 2021
Coco is a last-mile delivery service that utilizes human-operated sidewalk robots to transport goods from local merchants to customers. Established in February 2020, the company operates in cities such as Santa Monica, Los Angeles, Austin, and Houston, delivering to thousands of customers each week. Coco partners with both national restaurant brands and family-operated establishments, enhancing the local delivery ecosystem. The service aims to provide merchant clients with reduced costs and reliable delivery while ensuring quality and efficiency in transporting goods. Through its innovative approach, Coco seeks to foster stronger connections between local businesses and their customers, contributing positively to community dynamics.

Canopy

Series C in 2021
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Neurala

Venture Round in 2021
Neurala, Inc. is a developer of deep learning neural network software that enhances the autonomy and functionality of smart products, including robots, drones, toys, self-driving cars, and intelligent devices. Central to its offerings is The Neurala Brain, which allows these products to learn from and interact with their environments in real-time. The company's solutions include a software development kit for bots, enabling them to recognize and track people and objects in video streams, as well as Brain Builder, a platform for creating custom vision AI solutions. Neurala Brain Net is another tool that analyzes videos and images to identify important objects and concepts for businesses. Incorporated in 2006, Neurala is headquartered in Boston, Massachusetts, with an additional office in San Mateo, California. The company initially developed its technology for NASA, focusing on lightweight, efficient neural networks capable of functioning independently in environments with limited resources.

MacroMeta

Series A in 2021
Macrometa Corporation is an information technology company that specializes in developing a geo-distributed data as a service platform for cross-region, multi-cloud, and edge computing applications. Founded in 2017 and headquartered in San Mateo, California, with operations in Sofia, Bulgaria, and Pune, India, Macrometa provides a platform that allows enterprise developers to build real-time applications and APIs rapidly. Its offerings include a global data mesh, a multi-model data store, and a complex event processing engine, supported by over 175 edge data centers worldwide. The company's serverless cloud architecture enables cloud developers to manage, process, and serve data and APIs from the edge, enhancing the performance of data-driven applications.

BookClub

Series A in 2021
BookClub Inc., founded in 2020 and based in Alpine, Utah, operates BookClub.com, a virtual platform that facilitates author-led book clubs. The company focuses on fostering deep connections between readers and authors, providing a space for meaningful conversations through exclusive video content and live-audio discussions. Its mobile application allows authors to create personal book groups, share video-based interviews, and engage in question-and-answer sessions with users. This innovative approach enables readers to connect with their favorite authors, enhancing their reading experience and promoting a community centered around literature.

UpGuard

Series B in 2021
UpGuard Inc. is a cybersecurity company that provides a comprehensive platform aimed at assessing and managing cyber risks. Founded in 2012 and headquartered in Mountain View, California, UpGuard offers tools such as the CyberSecurity Threat Assessment Report (CSTAR), which evaluates an organization's IT infrastructure and assigns a risk score that reflects potential vulnerabilities. Its solutions include integrity monitoring, configuration differencing, and advanced vulnerability analytics, which help clients identify security gaps and streamline compliance efforts. Additionally, UpGuard's platform automates the documentation of configuration states for servers and network devices, facilitating better risk assessment and management. The company's technology is utilized by numerous organizations, including major corporations, to enhance their security posture, improve DevOps initiatives, and support cybersecurity insurance procurement. UpGuard was previously known as ScriptRock Inc. before rebranding in January 2016.

Servis.ai

Series A in 2021
FreeAgent is a cloud-based CRM platform designed to enhance sales, marketing, and customer service for businesses. The platform focuses on nurturing quality customer relationships while enabling teams to collaborate effectively and improve productivity. By providing a centralized workspace, FreeAgent allows organizations to gain visibility into daily activities and streamline processes, ultimately accelerating cycle times and closing more deals. The platform's features include powerful collaboration tools and code-free customization, which empower leaders to optimize various functions such as sales, customer success, and project management. This comprehensive approach helps businesses foster transparency, align their teams, and drive revenue growth in a remote work environment.

Droplet

Seed Round in 2021
Droplet offers digital process automation solutions that eliminate the need for paper documents and time-consuming approval workflows. Droplet's robust forms, streamlined workflows, and data-driven insights make digital transformation simple. Droplet assembles everything required to manage the data and requests to power processes in human resources, finance, information technology, and other areas.

SteadyMD

Series B in 2021
SteadyMD, Inc. is a provider of online primary care services based in St. Louis, Missouri, with an additional office in Westlake Village, California. Founded in 2016, the company connects patients with board-certified clinicians through a digital platform that facilitates telehealth services for various medical conditions, dietary preferences, and lifestyle choices. Patients can communicate with their doctors via text, call, or video chat, allowing for personalized and comprehensive care. SteadyMD also serves as a telehealth infrastructure provider, enabling healthcare leaders to scale their telehealth offerings across all 50 states by providing a licensed clinician workforce and support in clinical operations, legal, and regulatory matters. The company's innovative approach aims to improve access to high-quality care by addressing the complexities of chronic illnesses and ensuring that patients receive adequate time and attention from their healthcare providers.

MX Technologies

Series C in 2021
MX is a fintech data company established in 2010 that focuses on enhancing the financial experiences of individuals by automating access to their financial data. The company provides software solutions for banks, credit unions, and financial technology innovators, enabling them to aggregate, analyze, and present financial data effectively. By offering services such as data cleansing, auto-categorization, custom APIs, and data analytics, MX helps financial institutions improve customer engagement and drive growth. The company has established partnerships with over 600 financial institutions and more than 30 digital banking providers, positioning itself as a significant player in the fintech industry. MX's emphasis on customer-centric banking relationships allows clients to develop next-generation banking applications and solutions, ultimately leading to enhanced financial management for users.

HMBradley

Series A in 2020
HMBradley is a financial technology company that has developed a digital banking platform aimed at savers. Founded in 2019 and headquartered in Santa Monica, California, the platform promotes sound financial habits by rewarding users, regardless of their income level. It offers a range of digital banking services, including instant credit card issuance and accessible banking facilities through a smartphone application. The company emphasizes data security and compliance, regularly conducting audits to ensure the protection of users' financial information. HMBradley seeks to make personal finance more rewarding by simplifying the management of money and enhancing the overall banking experience.

Yotascale

Series B in 2020
Yotascale is a developer of cloud cost management software that helps enterprises optimize their spending on cloud workloads and applications. The company's solution provides accurate cost allocation and actionable cost optimization recommendations, enabling organizations to achieve significant savings, often exceeding 50% of their total costs. Yotascale's software emphasizes unified cost management and collaborative cost optimization, fostering cross-functional collaboration among engineering teams and enhancing cloud observability and predictability. By streamlining the understanding of cloud spending, Yotascale builds trust within IT organizations and improves overall efficiency in managing cloud resources.

Bitt

Series B in 2020
Bitt Inc. is a financial technology company based in St Michael, Barbados, specializing in digital currency solutions. Founded in 2013, Bitt allows users to trade legal tender, such as U.S. dollars and Euros, for digital assets like bitcoin and ether, and vice versa. The company's services include a trading platform that matches user orders, digital currency conversion, and merchant payment solutions. Bitt also provides custodial services for digital currencies via Bitt Wallets and offers a Mobile Wallet for users to send and receive money globally, as well as for domestic transactions. Additionally, Bitt's Digital Currency Management System (DCMS) enables central banks and financial institutions to deploy Central Bank Digital Currencies (CBDCs) and stablecoins, with implementations in twelve countries across Africa, Central America, Europe, and the Caribbean. Bitt’s focus on blockchain technology positions it as a key player in developing secure, peer-to-peer payment ecosystems.

BookClub

Seed Round in 2020
BookClub Inc., founded in 2020 and based in Alpine, Utah, operates BookClub.com, a virtual platform that facilitates author-led book clubs. The company focuses on fostering deep connections between readers and authors, providing a space for meaningful conversations through exclusive video content and live-audio discussions. Its mobile application allows authors to create personal book groups, share video-based interviews, and engage in question-and-answer sessions with users. This innovative approach enables readers to connect with their favorite authors, enhancing their reading experience and promoting a community centered around literature.

Via

Seed Round in 2020
Via is a customer engagement platform designed to enhance interactions between e-commerce businesses and their customers. By utilizing SMS and mobile app technologies, Via enables businesses to connect with their customers in a more personal manner, facilitating communication through preferred devices and applications. The platform allows for seamless integration with popular e-commerce solutions such as Shopify and BigCommerce, empowering businesses to drive engagement and improve customer satisfaction through targeted SMS and push notifications.

SteadyMD

Series A in 2020
SteadyMD, Inc. is a provider of online primary care services based in St. Louis, Missouri, with an additional office in Westlake Village, California. Founded in 2016, the company connects patients with board-certified clinicians through a digital platform that facilitates telehealth services for various medical conditions, dietary preferences, and lifestyle choices. Patients can communicate with their doctors via text, call, or video chat, allowing for personalized and comprehensive care. SteadyMD also serves as a telehealth infrastructure provider, enabling healthcare leaders to scale their telehealth offerings across all 50 states by providing a licensed clinician workforce and support in clinical operations, legal, and regulatory matters. The company's innovative approach aims to improve access to high-quality care by addressing the complexities of chronic illnesses and ensuring that patients receive adequate time and attention from their healthcare providers.

Rivet

Series A in 2020
Rivet Health, Inc. is a company specializing in healthcare revenue cycle management through its software-as-a-service platform. Founded in 2018 and based in Cottonwood Heights, Utah, Rivet provides tools that enhance financial transparency and operational efficiency for healthcare providers and patients. Its offerings include features that allow providers to quote and collect patient costs upfront and manage payer contracts effectively. The software also helps patients understand their financial responsibilities, detect underpayments, and create accurate estimates, thereby fostering better communication between providers and payers. By addressing the complexities of healthcare transactions, Rivet aims to improve the overall experience for both patients and providers.

Canopy

Venture Round in 2019
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Vouch

Series B in 2019
Vouch, Inc. is a provider of insurance products and services specifically designed for startups and high-growth companies in the United States. Founded in 2016 and based in San Francisco, the company offers a comprehensive range of insurance solutions, including general liability, business property, directors and officers, errors and omissions, cyber coverage, crime coverage, employment practices liability, hired and non-owned auto, and fiduciary liability. Vouch operates a tech-enabled platform that facilitates access to multiple insurance carriers and provides instant quoting capabilities through its MGA brand, Corix. By integrating technology and industry expertise, Vouch aims to help startups and technology-driven businesses effectively manage risk as they scale and adapt to emerging challenges.

SimpleCitizen

Seed Round in 2019
SimpleCitizen, Inc. is a company that specializes in digital immigration and visa solutions, offering a range of services including citizenship applications, green card processing, employment authorization documents, visa applications, and marriage-based green card services. Founded in 2014 and based in Salt Lake City, Utah, the company focuses on simplifying the immigration process through innovative online tools that make it more accessible and affordable for families looking to establish themselves in new communities worldwide. SimpleCitizen's software allows users to apply for, track, and renew green cards and citizenship applications online, providing a streamlined experience for managing their immigration needs. As of September 2020, SimpleCitizen operates as a subsidiary of Fragomen, Del Rey, Bernsen & Loewy, LLP.

Deserve

Series C in 2019
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and financial products to international students in the United States. Founded in 2012 and formerly known as Tremus, Inc., the company utilizes machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve employs various predictive attributes, including education, major, cost of education, source of initial funding, and future employability, to determine a student's ability to repay. The company operates a mobile-first credit card platform built on cloud-native and API-enabled architecture, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to deliver personalized experiences for cardholders.

Weave

Series D in 2019
Weave is the all-in-one customer communication and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and Glassdoor Best Places to Work. To learn more, visit www.getweave.com/newsroom/ With over 15,000 customers, Weave was the first Utah company to join Y Combinator and has received several renowned awards, including the Fortune 100 Best Companies 2019, Forbes 2019 Cloud 100 and Forbes 2020 Next Billion-Dollar Startups, the 2019 and 2020 Inc. 5000 fastest-growing companies in America, Glassdoor’s 2019 and 2020 Best Places to Work and 2019 Top CEOs.

MX Technologies

Series B in 2019
MX is a fintech data company established in 2010 that focuses on enhancing the financial experiences of individuals by automating access to their financial data. The company provides software solutions for banks, credit unions, and financial technology innovators, enabling them to aggregate, analyze, and present financial data effectively. By offering services such as data cleansing, auto-categorization, custom APIs, and data analytics, MX helps financial institutions improve customer engagement and drive growth. The company has established partnerships with over 600 financial institutions and more than 30 digital banking providers, positioning itself as a significant player in the fintech industry. MX's emphasis on customer-centric banking relationships allows clients to develop next-generation banking applications and solutions, ultimately leading to enhanced financial management for users.

RealtyMogul

Series B in 2019
RealtyMogul is an online marketplace designed to facilitate real estate investing by connecting individual and institutional investors with institutional-quality real estate opportunities. Founded in 2012 by Jilliene Helman and Justin Hughes, the company is headquartered in Los Angeles, California. The platform allows users to browse various real estate investments, access due diligence materials, and securely sign legal documents online. Investors benefit from a dedicated dashboard that provides 24/7 access to monitor their investments. RealtyMogul's model aims to simplify the real estate investment process, offering opportunities in well-leased properties while ensuring compliance through registered broker-dealers, thereby minimizing risk and streamlining the investment process.

Firefly

Series A in 2019
Firefly Systems Inc., founded in 2017 and based in San Francisco, California, specializes in street-level digital media through its innovative advertising platform. The company installs digital displays on rideshare vehicles and taxis, creating a unique out-of-home advertising network that leverages location-based technology and first-party data for precise audience targeting. Firefly's system enables the delivery of engaging, full-screen advertisements that are responsive to the surrounding environment, allowing brands to amplify their marketing efforts in real-time. By utilizing 4G and LTE cellular transmission, Firefly connects clients with flexible advertising solutions while providing measurable insights on campaign effectiveness and audience engagement.

Astound

Series B in 2019
Astound Inc. is an enterprise software company based in Menlo Park, California, specializing in artificial intelligence solutions for employee service management. Founded in 2016 and rebranded from Neva in 2018, Astound develops a comprehensive AI platform that automates IT and HR service requests, significantly reducing resolution times and enhancing employee experience. The platform utilizes machine learning and natural language processing to streamline service processes, providing tools that automate responses to routine inquiries, categorize incidents, and deliver predictive analytics. Astound's innovative applications include features that classify service tickets, analyze data from various sources to enrich request handling, and offer insights into service health through predictive dashboards. The company has established partnerships with prominent workflow providers and managed service organizations to ensure seamless integration with IT service management, HR case management, and customer service solutions.

Monarx

Seed Round in 2019
Monarx specializes in advanced malware detection and remediation solutions tailored for web hosters. Their cloud-delivered server security system provides continuous, real-time harmful script detection and proactive prevention without requiring signatures. The company offers a free hunting and repair engine specifically designed to address web shells and backdoors. Monarx's technology enhances security by hardening servers and applications, and it delivers actionable intelligence about online security posture based on best practices. By focusing on post-exploit prevention that does not rely on signatures, Monarx is establishing new standards in server security for web environments.

Overtime

Series B in 2019
Overtime is a sports network aimed at the next generation of sports fans, based in New York City. The company is known for producing original, digital-first content that spans platforms such as YouTube, Snapchat, Instagram, and TikTok, focusing on short-form, highly engaging media. Overtime operates several innovative sports leagues, including Overtime Elite in basketball, Overtime Select, OT7 in football, and OTX in boxing, designed to connect athletes with fans globally. The company’s business model leverages various revenue streams, including sponsorships, brand partnerships, e-commerce, licensing, and media rights. With a community of over 90 million fans and followers, Overtime is positioned as a significant player in the evolving landscape of sports entertainment.

Misapplied Sciences

Series A in 2019
Misapplied Sciences is a technology company that specializes in parallel reality displays, enabling multiple viewers to experience unique digital content from the same display. Its innovative pixel technology can project up to a million light rays of varying colors and brightness simultaneously, allowing public venues such as airports, stadiums, shopping malls, and resorts to provide personalized visual experiences for each individual. By utilizing this technology, Misapplied Sciences transforms how visual media is directed and consumed in shared environments, enhancing engagement and communication without the need for separate screens or devices.

Weave

Series C in 2018
Weave is the all-in-one customer communication and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and Glassdoor Best Places to Work. To learn more, visit www.getweave.com/newsroom/ With over 15,000 customers, Weave was the first Utah company to join Y Combinator and has received several renowned awards, including the Fortune 100 Best Companies 2019, Forbes 2019 Cloud 100 and Forbes 2020 Next Billion-Dollar Startups, the 2019 and 2020 Inc. 5000 fastest-growing companies in America, Glassdoor’s 2019 and 2020 Best Places to Work and 2019 Top CEOs.

Firefly

Seed Round in 2018
Firefly Systems Inc., founded in 2017 and based in San Francisco, California, specializes in street-level digital media through its innovative advertising platform. The company installs digital displays on rideshare vehicles and taxis, creating a unique out-of-home advertising network that leverages location-based technology and first-party data for precise audience targeting. Firefly's system enables the delivery of engaging, full-screen advertisements that are responsive to the surrounding environment, allowing brands to amplify their marketing efforts in real-time. By utilizing 4G and LTE cellular transmission, Firefly connects clients with flexible advertising solutions while providing measurable insights on campaign effectiveness and audience engagement.

Yotascale

Series A in 2018
Yotascale is a developer of cloud cost management software that helps enterprises optimize their spending on cloud workloads and applications. The company's solution provides accurate cost allocation and actionable cost optimization recommendations, enabling organizations to achieve significant savings, often exceeding 50% of their total costs. Yotascale's software emphasizes unified cost management and collaborative cost optimization, fostering cross-functional collaboration among engineering teams and enhancing cloud observability and predictability. By streamlining the understanding of cloud spending, Yotascale builds trust within IT organizations and improves overall efficiency in managing cloud resources.

Arcadia Data

Series B in 2018
Arcadia Data Inc. is a data analytics company founded in 2012 and headquartered in Campbell, California. The company specializes in developing a unified visual analytics and business intelligence platform tailored for big data environments. Its platform allows business users to easily build applications using a drag-and-drop interface, facilitating accelerated access to data and real-time insights without the need for additional hardware. By running visual analytics natively within modern data platforms, such as Apache Hadoop, Arcadia Data enhances performance, scale, and security, effectively bridging the gap between self-service data visualization and advanced analytics. This capability empowers enterprises to design data-centric applications that can adapt to the demands of big data and the Internet of Things.

CloudCherry

Series A in 2018
CloudCherry is the next generation Experience Management platform that is disrupting the way organizations listen to the Voice of Customer. Through CloudCherry’s flexible, customizable, self-serve solution, businesses today can be present at every step of today’s complex customer journeys, and listen to customers through a variety of ways. Today, leading global organizations deploy and scale their experience management program with CloudCherry quicker than any other solution. The product offers out-of-the-box integrations with existing business applications, delivers predictive, prescriptive insights that enable business leaders to better understand customer needs, and derive tangible business outcomes that can help drive true ROI. CloudCherry is based out of Salt Lake City, with offices in Singapore, India & Dubai. The company is backed by Vertex Ventures, CISCO Investments & IDG Ventures India, The Chennai Angels & Capillary Technologies.

Deserve

Series B in 2018
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and financial products to international students in the United States. Founded in 2012 and formerly known as Tremus, Inc., the company utilizes machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve employs various predictive attributes, including education, major, cost of education, source of initial funding, and future employability, to determine a student's ability to repay. The company operates a mobile-first credit card platform built on cloud-native and API-enabled architecture, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to deliver personalized experiences for cardholders.

UNIFi Software

Series C in 2018
Unifi Software, Inc. develops a suite of self-service data integration tools designed for both business users and IT professionals. Its flagship products include the Unifi catalog, which utilizes AI technology for data crawling and asset collection, allowing users to identify and process critical data assets. This catalog supports user-friendly search, collaboration, and data governance for enhanced security. Additionally, the Unifi data platform facilitates data acquisition, discovery, enrichment, transformation, normalization, and formatting, while also handling unstructured data. IT professionals benefit from features that enable connection to data sources, user authorization, and resource management. The platform is accessible through the Microsoft Azure Marketplace and offers solutions for various applications, including audience analytics and cloud migration. Founded in 2013 and based in San Mateo, California, Unifi Software operates as a subsidiary of Boomi, Inc.

Strala

Seed Round in 2018
Strala is a SaaS technology platform that specializes in automating and measuring the effectiveness of content and communication across various customer touchpoints. Operating as a subsidiary of ObservePoint LLC, Strala enables organizations to define, collect, and unify interactions across paid, owned, and earned media. The platform offers a centralized solution for managing tracking codes, metadata, and tracking URLs, streamlining the end-to-end process of standardizing and deploying these elements across all platforms. By seamlessly integrating with existing communication and customer relationship management systems, Strala provides precise insights and measurement capabilities. This data serves as the foundation for addressing challenges related to big data, personalization, attribution, and artificial intelligence, ultimately enhancing customer experience and engagement.

Rivet

Seed Round in 2018
Rivet Health, Inc. is a company specializing in healthcare revenue cycle management through its software-as-a-service platform. Founded in 2018 and based in Cottonwood Heights, Utah, Rivet provides tools that enhance financial transparency and operational efficiency for healthcare providers and patients. Its offerings include features that allow providers to quote and collect patient costs upfront and manage payer contracts effectively. The software also helps patients understand their financial responsibilities, detect underpayments, and create accurate estimates, thereby fostering better communication between providers and payers. By addressing the complexities of healthcare transactions, Rivet aims to improve the overall experience for both patients and providers.

Owlet Baby Care

Series B in 2018
Owlet Baby Care Inc. is a company based in Lehi, Utah, founded in 2012, that specializes in the development and manufacturing of innovative monitoring solutions for infants. Its flagship product, the Owlet Smart Sock, is a proactive health monitor that tracks a baby's heart rate and oxygen levels while sleeping, sending alerts to parents if any concerning changes occur. The company also offers the Owlet Cam, which transforms smartphones into high-definition baby monitors, and the Owlet Monitor Duo, which combines the features of both the Smart Sock and the Cam. Additionally, Owlet provides the Owlet Dream Lab, an online program aimed at helping parents cultivate healthy sleep habits for their infants. By offering real-time data and insights, Owlet Baby Care aims to enhance parental confidence and peace of mind regarding their child's health and well-being.

Neighbor

Seed Round in 2018
Neighbor Storage, Inc. is a company that operates a peer-to-peer self-storage marketplace, established in 2017 and based in American Fork, Utah. The company provides an online platform that facilitates connections between individuals who have unused storage space in their homes—such as garages, driveways, and attics—and those seeking affordable storage solutions. By allowing homeowners to rent out their spare areas, Neighbor enables them to generate additional income while offering renters a flexible and convenient storage alternative within their neighborhoods. This business model emphasizes economic empowerment and the principles of the sharing economy, making storage more accessible and cost-effective for users.

Canopy

Venture Round in 2018
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Fastdata

Seed Round in 2018
Fastdata developed its PlasmaENGINE®, a high-performance computing software engine, to exploit the massively parallel processing capability of NVIDIA’s GPU platform. The PlasmaENGINE® accelerates stream processing up to three orders of magnitude faster, while simultaneously cutting power and space requirements in the data center.

SteadyMD

Seed Round in 2018
SteadyMD, Inc. is a provider of online primary care services based in St. Louis, Missouri, with an additional office in Westlake Village, California. Founded in 2016, the company connects patients with board-certified clinicians through a digital platform that facilitates telehealth services for various medical conditions, dietary preferences, and lifestyle choices. Patients can communicate with their doctors via text, call, or video chat, allowing for personalized and comprehensive care. SteadyMD also serves as a telehealth infrastructure provider, enabling healthcare leaders to scale their telehealth offerings across all 50 states by providing a licensed clinician workforce and support in clinical operations, legal, and regulatory matters. The company's innovative approach aims to improve access to high-quality care by addressing the complexities of chronic illnesses and ensuring that patients receive adequate time and attention from their healthcare providers.

Grow

Series B in 2018
Grow is a software company based in Orem, Utah, founded in 2014. It specializes in providing business intelligence dashboard solutions tailored for small and medium-sized businesses. Grow's platform enables users to quickly set up dashboards that integrate various data sources such as QuickBooks, Salesforce, Zendesk, and custom databases or spreadsheets without requiring IT intervention. By aggregating scattered data into customizable BI dashboards, Grow helps businesses track key metrics, make informed decisions, and foster a culture of transparency and engagement among employees. The platform aims to empower leaders with the insights needed to inspire their teams and drive business growth.

Astound

Series A in 2018
Astound Inc. is an enterprise software company based in Menlo Park, California, specializing in artificial intelligence solutions for employee service management. Founded in 2016 and rebranded from Neva in 2018, Astound develops a comprehensive AI platform that automates IT and HR service requests, significantly reducing resolution times and enhancing employee experience. The platform utilizes machine learning and natural language processing to streamline service processes, providing tools that automate responses to routine inquiries, categorize incidents, and deliver predictive analytics. Astound's innovative applications include features that classify service tickets, analyze data from various sources to enrich request handling, and offer insights into service health through predictive dashboards. The company has established partnerships with prominent workflow providers and managed service organizations to ensure seamless integration with IT service management, HR case management, and customer service solutions.

Cake Technologies

Seed Round in 2018
Cake Technologies, Inc. is a technology company based in Provo, Utah, founded in 2016. It specializes in the development of a unique swipeable browser designed specifically for mobile devices. This innovative application allows users to navigate web content by swiping through search results rather than tapping back and forth between links and pages. The browser enhances the search experience by offering results across various categories, including images, videos, news, and shopping, while also providing options for users to select their preferred search engine and customize their favorite sites. By focusing on speed and personalization, Cake Technologies aims to provide a more efficient alternative to traditional browsers like Safari, Chrome, and Firefox.

Monarx

Seed Round in 2018
Monarx specializes in advanced malware detection and remediation solutions tailored for web hosters. Their cloud-delivered server security system provides continuous, real-time harmful script detection and proactive prevention without requiring signatures. The company offers a free hunting and repair engine specifically designed to address web shells and backdoors. Monarx's technology enhances security by hardening servers and applications, and it delivers actionable intelligence about online security posture based on best practices. By focusing on post-exploit prevention that does not rely on signatures, Monarx is establishing new standards in server security for web environments.

Teal Drones

Series A in 2017
Teal Drones, Inc. is a manufacturer of advanced production drones, specializing in both consumer and enterprise applications. Incorporated in 2015 and based in Salt Lake City, Utah, the company develops its own hardware and software platforms, with its flagship product, Teal One, recognized as one of the highest performing drones in the market. Teal Drones' offerings include features such as a modular and upgradable design, an onboard supercomputer, versatile control systems, and built-in camera capabilities. The drones are designed to serve a variety of applications, including gaming, augmented reality, security, inspections, e-commerce, and agriculture, while simplifying and automating drone flight. The company also focuses on catering to government and enterprise sectors, providing systems equipped with cutting-edge air control devices and artificial intelligence software to meet diverse operational needs.

Deserve

Series A in 2017
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and financial products to international students in the United States. Founded in 2012 and formerly known as Tremus, Inc., the company utilizes machine learning and alternative data to assess creditworthiness, allowing individuals without a traditional credit history to access fair credit products. Deserve employs various predictive attributes, including education, major, cost of education, source of initial funding, and future employability, to determine a student's ability to repay. The company operates a mobile-first credit card platform built on cloud-native and API-enabled architecture, enabling partnerships with financial institutions, fintechs, lenders, and merchant co-brands to deliver personalized experiences for cardholders.

Weave

Series B in 2017
Weave is the all-in-one customer communication and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and Glassdoor Best Places to Work. To learn more, visit www.getweave.com/newsroom/ With over 15,000 customers, Weave was the first Utah company to join Y Combinator and has received several renowned awards, including the Fortune 100 Best Companies 2019, Forbes 2019 Cloud 100 and Forbes 2020 Next Billion-Dollar Startups, the 2019 and 2020 Inc. 5000 fastest-growing companies in America, Glassdoor’s 2019 and 2020 Best Places to Work and 2019 Top CEOs.

Primary Data

Series B in 2017
Primary Data, founded in 2013 and headquartered in Sandy, Utah, specializes in intelligence and automation software designed for enterprise data management. The company's flagship platform, DataSphere, integrates metadata management with machine learning to facilitate the seamless movement of data across both on-premises IT infrastructure and cloud environments. This innovative solution allows enterprises to manage vast amounts of data efficiently, making billions of files accessible to all applications simultaneously. DataSphere not only automates data migration and enhances cloud integration but also optimizes NAS performance, enabling organizations to maximize the value of their infrastructure investments. Through its advanced capabilities, Primary Data supports enterprises operating at petabyte scale, ensuring that the right data is delivered to the right location at the right time without disrupting applications.

LunchBadger

Seed Round in 2017
LunchBadger, Inc. is a company specializing in cloud-based API lifecycle management, orchestration, and optimization solutions. Founded in 2016 and located in Newport Beach, California, LunchBadger provides a Kubernetes-native development and management platform designed to deliver APIs through microservices and serverless functions. Its main offerings include the Express Gateway, an open-source API gateway built on Express.js, and the Express Serverless Platform, which integrates various tools for microservices composition, development, and deployment. This platform supports multiple authentication protocols and connects to both modern and legacy data sources. By leveraging open-source cloud-native technologies, LunchBadger enables businesses to monitor, manage, compose, and monetize APIs effectively, thereby addressing cloud computing complexities while optimizing revenue and cost in real time. The company's business model includes offering the Express Gateway as an open-source project, while the Express Serverless Platform is available through annual subscription plans based on usage metrics.

UNIFi Software

Series B in 2017
Unifi Software, Inc. develops a suite of self-service data integration tools designed for both business users and IT professionals. Its flagship products include the Unifi catalog, which utilizes AI technology for data crawling and asset collection, allowing users to identify and process critical data assets. This catalog supports user-friendly search, collaboration, and data governance for enhanced security. Additionally, the Unifi data platform facilitates data acquisition, discovery, enrichment, transformation, normalization, and formatting, while also handling unstructured data. IT professionals benefit from features that enable connection to data sources, user authorization, and resource management. The platform is accessible through the Microsoft Azure Marketplace and offers solutions for various applications, including audience analytics and cloud migration. Founded in 2013 and based in San Mateo, California, Unifi Software operates as a subsidiary of Boomi, Inc.

Canopy

Series B in 2017
Canopy Tax Inc. is a software company that specializes in providing tax resolution and practice management solutions for accountants and tax professionals. Founded in 2014 and based in Lehi, Utah, the company offers a cloud-based platform that enhances workflow management by integrating tools for client management, document management, invoicing, payment, and project management. Designed to streamline processes and reduce administrative tasks, Canopy's software enables accounting professionals to improve efficiency and enhance the client experience by consolidating essential functions into a single, user-friendly interface. The platform serves thousands of accounting practitioners across the country, helping them to organize their teams and optimize their operations.

Conversion Logic

Series A in 2017
Conversion Logic is a company based in Santa Monica, California, that specializes in cross-channel attribution through its Software-as-a-Service platform. This platform utilizes machine learning to provide marketing analytics, enabling brands, agencies, and ad tech partners to gain insights into the performance of their digital and video media campaigns. By collecting user-level data via API integration, Conversion Logic analyzes various media dimensions to identify which elements drive the best return on investment. The platform offers actionable insights related to frequency, placement, and creative optimizations, thereby enhancing marketing efficiency and effectiveness across both online and offline channels. As of March 2020, Conversion Logic operates as a subsidiary of VideoAmp, Inc.

Neurala

Series A in 2017
Neurala, Inc. is a developer of deep learning neural network software that enhances the autonomy and functionality of smart products, including robots, drones, toys, self-driving cars, and intelligent devices. Central to its offerings is The Neurala Brain, which allows these products to learn from and interact with their environments in real-time. The company's solutions include a software development kit for bots, enabling them to recognize and track people and objects in video streams, as well as Brain Builder, a platform for creating custom vision AI solutions. Neurala Brain Net is another tool that analyzes videos and images to identify important objects and concepts for businesses. Incorporated in 2006, Neurala is headquartered in Boston, Massachusetts, with an additional office in San Mateo, California. The company initially developed its technology for NASA, focusing on lightweight, efficient neural networks capable of functioning independently in environments with limited resources.
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