Riverfront Ventures

Riverfront Ventures is a venture capital firm based in Pittsburgh, Pennsylvania, established in 2013. The firm focuses on seed and early-stage investments, targeting companies with the potential to generate high-paying jobs in the region. Riverfront Ventures invests in a diverse range of sectors, including software, life sciences, robotics, energy, the Internet of Things, and advanced materials, among other technology-oriented industries.

Gary Glausser

Managing Director

19 past transactions

Rimsys

Venture Round in 2024
Rimsys is a leading provider of Regulatory Information Management (RIM) software specifically designed for medical technology companies. The software is tailored for regulatory affairs professionals, enabling them to digitize and automate compliance processes to meet evolving global regulations. Rimsys offers a comprehensive solution that manages global Unique Device Identification (UDI) requirements and facilitates the navigation of essential regulatory components, including product registration, standards management, and regulatory intelligence. By actively tracking product registrations and monitoring relevant technical files and standards, Rimsys simplifies regulatory management for clients, transforming their operations into a more organized and efficient system for teams and international partners.

Handl Health

Seed Round in 2024
Operator of a SaaS-based healthcare price transparency platform intended to aggregate and contextualize price transparency, insurance, and demographic data. The company's platform offers health plans a simple way to comply with the CMS (Centers for Medicare and Medicaid Services) price transparency legislation while digitizing how patients shop, book, and pay for healthcare, enabling users to realize average cost savings to guide every healthcare purchasing decision.

Vali Cyber

Seed Round in 2023
ValiCyber focuses on providing security solutions specifically for Linux environments, offering a platform that effectively secures workloads and prevents cyber attacks through proactive hardening techniques. The technology automatically identifies and resolves security issues, allowing for efficient multi-tenant management and easy generation of incident reports. This scalable platform minimizes the resource impact of security measures, ensuring that computing resources are preserved for essential tasks while providing organizations with robust protection against potential threats. ValiCyber’s approach enables businesses to maintain operational efficiency while safeguarding their critical assets against cyber attacks.

Aspinity

Series B in 2023
Aspinity, Inc. is a technology company based in Pittsburgh, Pennsylvania, specializing in the development of reconfigurable analog modular processor (RAMP) chips for ultra-low-power electronics. These compact, analog machine learning chips analyze raw, unstructured sensor data to identify significant events while filtering out background noise before the data is digitized. By directly processing analog signals, Aspinity's technology reduces the need for higher-power processing and optimizes power consumption in always-on, battery-powered devices. Their products are suited for various applications, including voice recognition, industrial machine health monitoring, and wearable health devices in consumer, industrial, and biomedical markets. Since its incorporation in 2012, Aspinity has aimed to transform the architecture of sensing devices through neuromorphic all-analog integrated circuit technology, significantly lowering power requirements and enhancing efficiency in continuous sensing applications.

iraLogix

Series C in 2022
iraLogix is a developer of an innovative IRA technology platform that aims to enhance the investment experience for financial organizations and their clients. By providing a paperless, end-to-end white-label solution, the company offers a diverse array of institutionally-priced investment products, catering to clients across various account sizes and types. iraLogix combines advanced technology with deep industry expertise, enabling financial institutions to improve their market share and accelerate growth. The platform also facilitates access to professional advice, educational resources, and a range of financial services, effectively reducing the administrative and servicing costs associated with managing investment accounts.

Gridwise

Series A in 2022
Gridwise, Inc. is a technology company based in Pittsburgh, Pennsylvania, that specializes in developing a mobile application designed for rideshare and delivery drivers. Founded in 2016, Gridwise offers a comprehensive platform that assists gig economy drivers in maximizing their earnings and enhancing their business operations. The application provides real-time insights on passenger demand, traffic, and weather, as well as alerts for nearby opportunities. Additionally, it features tools for tracking mileage, calculating tax deductions, and generating detailed tax reports. With its focus on performance tracking and earnings analysis, Gridwise empowers hundreds of thousands of drivers across the United States to effectively manage their gig work.

iraLogix

Series B in 2020
iraLogix is a developer of an innovative IRA technology platform that aims to enhance the investment experience for financial organizations and their clients. By providing a paperless, end-to-end white-label solution, the company offers a diverse array of institutionally-priced investment products, catering to clients across various account sizes and types. iraLogix combines advanced technology with deep industry expertise, enabling financial institutions to improve their market share and accelerate growth. The platform also facilitates access to professional advice, educational resources, and a range of financial services, effectively reducing the administrative and servicing costs associated with managing investment accounts.

Aspinity

Series A in 2020
Aspinity, Inc. is a technology company based in Pittsburgh, Pennsylvania, specializing in the development of reconfigurable analog modular processor (RAMP) chips for ultra-low-power electronics. These compact, analog machine learning chips analyze raw, unstructured sensor data to identify significant events while filtering out background noise before the data is digitized. By directly processing analog signals, Aspinity's technology reduces the need for higher-power processing and optimizes power consumption in always-on, battery-powered devices. Their products are suited for various applications, including voice recognition, industrial machine health monitoring, and wearable health devices in consumer, industrial, and biomedical markets. Since its incorporation in 2012, Aspinity has aimed to transform the architecture of sensing devices through neuromorphic all-analog integrated circuit technology, significantly lowering power requirements and enhancing efficiency in continuous sensing applications.

Maven Machines

Series A in 2020
Maven Machines, Inc. is a technology company that specializes in developing innovative solutions for the trucking, transportation, and logistics industries. Founded in 2014 and headquartered in Pittsburgh, Pennsylvania, with additional offices in California and Texas, the company creates Bluetooth headsets designed specifically for truck drivers. These headsets utilize a range of sensors to monitor the driver's condition, environment, and location, detecting signs of fatigue or distraction to help prevent accidents. Furthermore, Maven Machines offers a comprehensive mobile cloud platform that integrates telematics, dispatching, and driver safety features, enabling real-time tracking of drivers and assets. This platform leverages IoT sensors, artificial intelligence, and wireless communications to enhance fleet management, streamline compliance, and support intelligent decision-making, ultimately aiming to improve efficiency and safety within the industry.

Ikos

Venture Round in 2019
Ikos Holdings Co. operates an online platform that connects landlords and renters, streamlining the rental experience for both parties. Founded in 2017 and based in Pittsburgh, Pennsylvania, the company offers a flexible on-demand leasing service for investors while utilizing data analysis to guide client investments. By simplifying the rental process, Ikos helps landlords and renters make informed decisions, fostering transparency and adaptability in their interactions. The platform aims to enhance the way individuals engage with rental properties, ultimately benefiting the real estate market.

Kaarta

Series A in 2019
Kaarta, Inc. specializes in 3D model generation software that processes environmental data to create accurate and usable 3D models. The company utilizes a patented technology rooted in advanced robotics to enable real-time mobile 3D reality capture, mapping complex environments efficiently without reliance on external signal infrastructures like GPS or Wi-Fi. Its offerings include a hand-held 3D scanning system, called Contour, which allows users to walk through an environment while generating a 3D map in real-time. Kaarta also provides Stencil 2, a mobile mapping platform designed for rapid scanning. By employing specialized localization algorithms and purpose-built technology, Kaarta enhances the ability to bridge the physical world with its digital twin, serving a variety of applications in architecture, geospatial analysis, and autonomous robotics. Founded in 2015 and headquartered in Pittsburgh, Pennsylvania, the company was previously known as Real Earth, Inc. before rebranding in December 2016.

iraLogix

Series A in 2018
iraLogix is a developer of an innovative IRA technology platform that aims to enhance the investment experience for financial organizations and their clients. By providing a paperless, end-to-end white-label solution, the company offers a diverse array of institutionally-priced investment products, catering to clients across various account sizes and types. iraLogix combines advanced technology with deep industry expertise, enabling financial institutions to improve their market share and accelerate growth. The platform also facilitates access to professional advice, educational resources, and a range of financial services, effectively reducing the administrative and servicing costs associated with managing investment accounts.

OThot

Series A in 2018
Othot, Inc. is a company based in Pittsburgh, Pennsylvania, founded in 2014, that specializes in advanced analytics solutions for higher education institutions. The company develops a cloud-based platform that leverages artificial intelligence and prescriptive analytics to help colleges and universities optimize their relationships with students throughout the entire student-to-alumni lifecycle. Othot's offerings include Enrollment Analytics, which assists institutions in identifying and reaching best-fit students, and Retention Analytics, which provides actionable intelligence to engage, grow, and retain students. The platform delivers continuous real-time insights and assessments that combine data science with advanced analytics, enabling educational organizations to implement effective strategies tailored to prospective, current, and former students. Othot's services extend beyond higher education, also catering to K-12 schools and automotive markets.

Complexa

Series C in 2017
Complexa, Inc. is a biopharmaceutical company focused on developing innovative medicines for severe and life-threatening conditions related to fibrosis and inflammation. Founded in 2008 and based in Berwyn, Pennsylvania, the company specializes in researching endogenous human cell signaling technologies to address a range of inflammatory, fibrotic, and central nervous system diseases. Its proprietary technology centers on the synthesis and therapeutic use of endogenous nitro-fatty acids, which serve as cell-signaling agents that modulate key inflammatory pathways. Notable among its developments is CXA-10, an oral nitrated fatty acid compound aimed at treating conditions such as focal segmental glomerulosclerosis and pulmonary arterial hypertension. Through its research efforts, Complexa aims to enhance existing anti-inflammatory and metabolic signaling mechanisms to support the resolution and repair of both acute and chronic tissue injuries.

ALung

Series C in 2017
ALung Technologies, Inc., established in 1997 and based in Pittsburgh, Pennsylvania, specializes in developing and manufacturing medical devices for treating acute respiratory failure. The company's primary product is the Hemolung Respiratory Assist System, a dialysis-like device that removes carbon dioxide and delivers oxygen directly to the blood, allowing patients' lungs to rest and heal while avoiding intubation and facilitating protective ventilation.

Ikos

Seed Round in 2017
Ikos Holdings Co. operates an online platform that connects landlords and renters, streamlining the rental experience for both parties. Founded in 2017 and based in Pittsburgh, Pennsylvania, the company offers a flexible on-demand leasing service for investors while utilizing data analysis to guide client investments. By simplifying the rental process, Ikos helps landlords and renters make informed decisions, fostering transparency and adaptability in their interactions. The platform aims to enhance the way individuals engage with rental properties, ultimately benefiting the real estate market.

Thread

Series A in 2015
Thread LLC, established in 2010 and headquartered in Pittsburgh, Pennsylvania, specializes in producing and marketing fabric made from recycled materials. The company's unique process involves transforming trash and plastic bottles from developing countries into raw materials for fabric production. This fabric is then used by apparel and accessories brands to create environmentally and socially responsible products. Thread's impact is significant, with its fabric supporting nearly 2,700 income opportunities and collecting over 6 million bottles monthly from communities in Haiti and Honduras. The company also captures and shares the stories of those positively affected by its process through its Ground to Good storytelling platform, helping brands enhance their social impact narrative.

JazzHR

Series C in 2014
JazzHR is a user-friendly and affordable recruitment platform designed to assist growing companies in achieving their hiring objectives. The software replaces manual and time-consuming hiring tasks with intuitive tools and automation, allowing hiring managers to streamline the recruitment process. JazzHR's comprehensive solution includes features for candidate sourcing and employer branding, enabling clients to efficiently find and hire the right talent for their organizations. By focusing on simplifying the recruiting process, JazzHR empowers businesses to enhance their recruitment efforts and secure the best candidates more quickly.

RE2 Robotics

Series A in 2014
RE2 Robotics, based in Pittsburgh, Pennsylvania, is a Carnegie Mellon University spin-off founded in 2001 by Jorgen Pedersen. The company specializes in the development of intelligent mobile manipulation systems that enhance remote interaction with various environments, including ground, aerial, and underwater settings. Its innovative robotic technologies are designed to improve safety and efficiency across multiple industries, including aviation, construction, defense, energy, and medical sectors. RE2 Robotics primarily serves military clients, having deployed over 400 robotic arms for explosive ordnance disposal missions. The company's intuitive systems and advanced autonomy capabilities enable users to perform dangerous tasks remotely, thereby enhancing worker safety and reducing operational costs.
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