Primax
Acquisition in 2025
Primax is an oil and gas company.
Ucaneo is a technology company specializing in carbon removal. It develops innovative air capture systems designed to efficiently separate and convert carbon dioxide into stable bicarbonates, supporting industrial-scale greenhouse gas mitigation.
Spiritus is a climate technology company specializing in direct-air-capture systems. Its innovative approach combines the Spiritus Sorbent and Carbon Orchard, offering a scalable, modular solution for low-cost carbon dioxide removal and sequestration.
Unioil
Corporate Round in 2025
Unioil is a chemicals company based out of Philippines.
Hyde Hydrogen Energy
Venture Round in 2024
Hyde Hydrogen Energy is a green hydrogen industry company, focusing on carbon neutrality, providing advanced products and digital platform services for global new energy applications.
IOTA Software
Series A in 2024
IOTA Software specializes in data visualization solutions that connect people, assets, and manufacturing processes within industrial settings. The company's offerings include process visualization software and extended reality (XR) technologies, designed to bridge the gap between physical and digital environments.
Andium Inc. develops and manufactures cloud-based computing devices for real-time data management in industrial settings. Its products include Andium Industrial Edge v2.0 for data monitoring and sensor management in oil and gas applications, Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi for fleet connectivity.
Hydrogen Mem-Tech
Venture Round in 2024
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
Utility Global
Series C in 2024
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
Promethean Particles
Series A in 2024
Promethean Particles designs, develops, and manufactures inorganic nanoparticle dispersions for industrial applications, offering tailor-made solutions based on customer specifications. The company employs continuous hydrothermal synthesis to produce optimized dispersions and operates a multi-ton scale manufacturing capability of more than 1,000 tons per year. It serves sectors including printed electronics, nanocomposites, catalysts, metal-organic frameworks, healthcare, and green energy, and provides feasibility studies to tailor solutions to specific requirements. Founded in 2007 and based in Nottingham, United Kingdom, Promethean Particles combines proprietary processes with flexible, bespoke production to meet diverse industrial needs.
Petro Rabigh
Acquisition in 2024
Petro Rabigh engages in the development, construction, and operation of an integrated refining and petrochemical complex.
Petro Rabigh was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about US $10 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives. Petro Rbigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
Petro Rabigh products have a vast range of applications that offer innovative downstream investors the chance to establish new industries in the region, bringing with them new skills and job opportunities. Petro Rabigh also offers many exciting investment opportunities through Petro Rabigh industrial complex (Rabigh PlusTech Park) which is the first private Industrial Park for conversion industries in Saudi Arabia, and is designed to accommodate polymer compounding Third Party Projects. It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, polymer stabilizers, xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a state-of-the-art facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.
As such, Petro Rabigh is at the hub of an upsurge in economic and technological development in line with Saudi Arabia's Vision 2030 to create a vibrant society, a thriving economy and an ambitious nation.
Seeq Corporation
Series D in 2024
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
GraphEnergyTech
Pre Seed Round in 2024
GraphEnergyTech is a company dedicated to advancing solar energy technology through the innovative use of graphene. It has developed and patented a unique approach to integrate graphene electrodes into solar cells, which allows for the replacement of silver and other precious metals. This technology not only reduces production costs but also enhances the efficiency and reliability of solar photovoltaic systems. By focusing on high-conductivity graphene, GraphEnergyTech aims to lower the environmental impact associated with solar cell manufacturing, particularly for perovskite and silicon solar cells. The company's innovations position it as a key player in the renewable energy sector, enabling industrial manufacturers to adopt more cost-effective and efficient solar solutions.
CorrosionRADAR
Series B in 2024
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.
Horse Powertrain
Secondary Market in 2024
Horse Powertrain helps to speed up the global transition to net zero. With over 900 million hybrid and combustion-powered vehicles expected on the road by 2040, no silver bullet exists for achieving sustainable mobility. In a global context, a combination of EVs and hybrid cars running on alternative fuels is required to meet climate targets.
Dendra Systems
Series B in 2024
Dendra Systems is an environmental technology company focused on restoring natural ecosystems globally. It develops tools and capabilities to power scalable ecosystem restoration, combining data analytics and automation to support restoration and reporting requirements for enterprises. The company addresses degraded land worldwide where restoration has lagged behind habitat destruction, offering an integrated approach that helps organizations plan, monitor, and execute restoration projects. By providing technology that enables data-driven decisions and automation, Dendra Systems aims to improve the efficiency and scale of restoration efforts, contributing to rebalancing human impact on the natural world.
CarbonCapture
Series A in 2024
CarbonCapture is a climate technology company focused on developing direct air capture (DAC) machines designed to extract carbon dioxide from the atmosphere. The company aims to combat climate change by utilizing innovative molecular sieves and harnessing low-cost renewable energy sources, such as solar power. Its systems are equipped with advanced AI controllers to optimize performance and efficiency, allowing for large-scale and cost-effective CO2 removal. By providing these solutions, CarbonCapture enables clients to significantly reduce their carbon emissions and contribute to a more sustainable future.
Parallel Carbon
Seed Round in 2024
Parallel Carbon develops a hardware platform for a post-fossil-fuel economy by combining direct air capture of carbon dioxide with clean hydrogen production. The company designs technologies to remove CO2 from the atmosphere while producing hydrogen, including carbon-negative hydrogen via integrated water electrolysis and DAC processes. Its approach aims to offer a scalable and affordable pathway to carbon removal that reduces the cost of achieving net-zero emissions and enables industries to decarbonize using renewable power. By pairing DAC with electrolysis, the company seeks to operate with intermittent electricity and better utilize low-cost renewables, lowering capital costs and expanding deployment of carbon removal and hydrogen production at scale.
REDEX is a blockchain-enabled platform that monitors and certifies the transfer and retirement of Renewable Energy Certificates (RECs). It provides services for managing RECs and offers a trading platform that accelerates and facilitates renewable energy procurement. The platform tracks ownership transfers and retirement, and uses a proof-of-stake mechanism to prevent double-counting. It enables businesses to browse listed RECs, select preferred assets, and submit offers to buy while validating commitments on a transparent blockchain ledger.
Founded on extensive industry knowledge spanning over a century, Esmax specializes in fuel and lubricants. Committed to quality and safety, Esmax serves industrial and aviation clients with customized solutions and continuous support.
Pulsora is an enterprise software company based in San Francisco, California. It specializes in Environmental, Social, and Governance (ESG) management solutions, offering a SaaS platform that provides deep analytics and customizable frameworks to help businesses track and improve their ESG footprint.
Boston Metal
Series C in 2023
Boston Metal is a metallurgy company specializing in reducing the carbon footprint of steel production. It offers industrial-scale solutions using its Molten Oxide Electrolysis (MOE) process, enabling greener and more efficient metal production.
Spiritus is a climate technology company specializing in direct-air-capture systems. Its innovative approach combines the Spiritus Sorbent and Carbon Orchard, offering a scalable, modular solution for low-cost carbon dioxide removal and sequestration.
REDEX is a blockchain-enabled platform that monitors and certifies the transfer and retirement of Renewable Energy Certificates (RECs). It provides services for managing RECs and offers a trading platform that accelerates and facilitates renewable energy procurement. The platform tracks ownership transfers and retirement, and uses a proof-of-stake mechanism to prevent double-counting. It enables businesses to browse listed RECs, select preferred assets, and submit offers to buy while validating commitments on a transparent blockchain ledger.
Rondo Energy
Series B in 2023
Rondo Energy is a company focused on providing zero-carbon industrial heat solutions. Its innovative Rondo Heat Battery captures low-cost renewable electricity and converts it into continuous high-temperature heat, allowing industrial processes to operate with reduced energy costs and eliminated emissions. By enabling clients to transition to renewable energy sources, Rondo Energy supports the decarbonization of industrial operations, contributing to a more sustainable future.
Nile is disrupting the enterprise network market by modernizing IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, its Nile Access Service integrates zero trust security and offers performance guarantees. With Nile, IT organizations close the gap between their digital aspirations and legacy realities, reduce their total cost of ownership by more than 60%, and recover critical IT resources while their users gain superior connectivity. For more information, visit nilesecure.com/journey.
OxCCU develops renewable energy technology to enable a circular economy for fuels, chemicals, and plastics. The technology combines carbon dioxide from the atmosphere with hydrogen from water and renewable electricity to produce fuels, chemicals, and biodegradable plastics and is positioned to deliver the lowest-cost Power to Liquids pathway.
NexWafe
Venture Round in 2023
Founded in 2015, NexWafe specializes in manufacturing and supplying high-quality monocrystalline silicon wafers for solar cell producers. Its innovative direct gas-to-wafer process minimizes waste, resulting in affordable wafers that are fully compatible with common cell and module fabrication.
ANYbotics
Series B in 2023
Founded in 2016, ANYbotics develops autonomous legged robots designed for industrial applications. These robots are equipped with features such as docking stations, robust sensing capabilities, and waterproofing. They also offer tools for reading instruments, monitoring equipment health, detecting events, and inspecting complex environments. The company aims to improve worker safety, increase productivity, and support sustainable operations in industries like oil and gas, power, mining, chemicals, construction, and transportation.
Inductosense
Venture Round in 2023
Inductosense is a technology company developing wireless, battery-free sensors that can be permanently attached to structures or products to enable fast, repeatable inspections for cracks, corrosion, and other defects. Its Wireless And Non Destructive (WAND) system uses passive sensors that are powered and read non-contact via inductive coupling from a handheld probe, allowing sensing under coatings, insulation, or repairs and even embedding within materials. The company offers easy-to-install sensors, measurement probes, and data collection or remote monitoring capabilities to monitor internal corrosion and erosion in pipes and vessels at elevated temperatures. Applications include inspection of large structures, composites repair, remote monitoring, and under coatings. Founded in 2015 and based in Bristol, the United Kingdom, the company aims to improve inspection efficiency, reduce costs, and enhance safety by enabling long-term, non-destructive evaluation through continuous monitoring.
Rongsheng Petrochemical
Post in 2023
Founded in Hangzhou, China in 1995, Rongsheng Petrochemical produces, markets, and sells a wide array of petrochemicals and chemical fibers both domestically and internationally. Its product offerings include synthetic fibers and films, synthetic raw materials, synthetic resins, olefins, aromatics and phenols, intermediate chemicals, and oil products.
Amogy specializes in developing carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. Its patented ammonia cracking technology converts liquid ammonia into electrical power using hydrogen fuel cells.
HT Materials Science
Series A in 2023
HT Materials Science is a developer and manufacturer of nanoparticle-based heat transfer fluids and related cooling and heating solutions. The company commercializes sub-micron Maxwell 2020 technology designed as a drop-in additive for heating and for use in new or existing cooling systems, delivering enhanced heat transfer and lower energy consumption in commercial and industrial settings. Its products target chillers, heat pumps and other water-based HVAC systems, as well as chemical, food, and pharmaceutical processing and power generation applications, enabling lower energy costs, improved equipment performance and reduced carbon emissions. HT Materials Science also offers energy-saving components such as fan coils, air handling units, system pumps and supply fans that can operate at lower power without compromising comfort. Founded in 2018 and based in Dublin, Ireland, the company focuses on energy efficiency through nanoparticle-enabled fluids across commercial and industrial markets.
Geely-Renault Powertrain
Corporate Round in 2023
Geely-Renault Powertrain Co. develop and supply hybrid and internal combustion engines (ICE). It's a joint venture between Geely and Renault.
Captura is a direct ocean capture company developing a carbon removal system that extracts carbon dioxide from ocean water to enable scalable, low-cost removal from the atmosphere. It uses electrodialysis technology that captures carbon without generating waste or requiring feedstocks, offering ocean-based removal suitable for carbon credit markets and producers of low-carbon products.
Noon Energy
Venture Round in 2022
Noon Energy is a Palo Alto, California-based company founded in 2018 that focuses on developing innovative flow battery technology for economical long-duration energy storage. This technology is designed to convert intermittent renewable electricity, such as solar and wind energy, into on-demand power, allowing for a more reliable energy supply. Noon Energy's rechargeable batteries utilize low-cost storage media that decouples energy and power capacity, providing long-duration storage while eliminating the need for mining precious metals. By enabling customers to scale up the use of renewable electricity, Noon Energy aims to reduce reliance on fossil fuels, as well as decrease pollution and emissions associated with energy production.
Syzygy Plasmonics
Series C in 2022
Syzygy Plasmonics, Inc. is a Houston-based company that specializes in the design, development, and manufacturing of photocatalytic reactor systems for industrial chemical reactions. Founded in 2017, the company focuses on creating reactors that facilitate the generation of fuel cell quality hydrogen from ammonia, specifically for small-to-medium-scale applications. These advanced reactors operate at significantly lower temperatures than traditional chemical reactors, allowing for reduced maintenance costs and the ability to quickly start or stop production. By utilizing light as an energy source, Syzygy Plasmonics enables the integration of renewable electricity into chemical manufacturing, contributing to the decarbonization of various industries and supporting the on-site production of ultra-low-cost hydrogen gas for fuel cell vehicles.
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.
Grand perspective
Series A in 2022
Grandperspective GmbH, founded in 2018 and based in Berlin, Germany, specializes in manufacturing gas detection systems tailored for the petrochemical sector, gas loading stations, chemical parks, and pipeline monitoring. The company develops an advanced early warning system capable of covering extensive industrial areas, effectively visualizing and locating hazardous gas clouds. Utilizing optical sensor technology, Grandperspective's systems detect a broad spectrum of chemicals from a distance and provide real-time alerts for gas leaks and fugitive emissions. By combining innovative sensors with sophisticated software, the company enables clients to monitor production sites, storage facilities, and transportation areas, ensuring the protection of infrastructure and facilitating cost-effective emission monitoring.
Data Gumbo
Series C in 2022
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Utility Global
Series B in 2022
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
Valvoline
Acquisition in 2022
Valvoline Inc. is a manufacturer and marketer of engine and automotive maintenance products, specializing in premium branded lubricants and automotive chemicals. Founded in 1866 and headquartered in Lexington, Kentucky, Valvoline operates through three primary segments: Quick Lubes, Core North America, and International. The company produces a wide range of products, including motor oils for various vehicle types, antifreeze, brake fluids, and specialty coatings. Valvoline also offers additional automotive components such as oil and air filters, windshield wiper blades, and serpentine belts. With approximately 1,500 quick-lube locations in the United States and Canada, Valvoline provides services directly to consumers as well as to car dealers, general repair shops, and third-party quick lube locations. Operating in over 140 countries worldwide, Valvoline is committed to developing advanced lubrication solutions and maintaining a strong presence in the automotive industry.
Clarke Valve
Series D in 2022
Founded in 2011, Clarke Valve specializes in developing energy-saving shutter valves designed for diverse industrial and aerospace applications. Its valves offer a unique combination of features such as zero pressure drop, precise flow control, low noise, thin footprint, and long-term reliability, enabling efficient use in challenging applications across power plants, oil and gas facilities, and chemical plants.
Jaka Robot
Series D in 2022
Jaka Robot is a Shanghai-based company that specializes in the development, engineering, manufacturing, and marketing of industrial robots. Founded in 2014, it offers a range of products including the JAKA ZuTM robot, which features a wireless control system compatible with mobile applications, and the JAKA MES system, designed for information integration across various factory departments. Additionally, the company provides conveyor systems, palletizing robot systems, and liner molding machines. Jaka Robot serves multiple industries, including food and beverage, chemical, packaging, electronics, and mechanical processing, positioning itself as a key player in the industrial automation sector.
PIXO
Venture Round in 2022
PIXO Group is a company based in Southfield, Michigan, founded in 2009, that specializes in developing mobile applications, games, and analytics solutions aimed at enhancing brand engagement for clients. The company offers a scalable, platform-agnostic application platform that facilitates the delivery of end-to-end solutions, ensuring reduced costs and quicker time to market. Utilizing a robust 3D engine, PIXO creates unique and interactive client experiences that incorporate multimedia elements, hotlinks, and third-party integrations, including popular social media platforms. Through its innovative offerings, PIXO enables clients to effectively interact and communicate with users on their devices.
Xage Security
Series B in 2022
Xage Security designs and develops blockchain-protected security platforms for industrial IoT (Internet of Things). Its products include Xage Gateway, Xage Broker, optional Xage Client Agent, and Xage Security Cloud. The company offers solutions such as systemic tamper proofing, edge authentication, role-based access control, and device lifecycle management, serving industries like energy, transportation, utilities, manufacturing, building management, agriculture, logistics, e-commerce, and healthcare.
Amogy
Corporate Round in 2022
Amogy specializes in developing carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. Its patented ammonia cracking technology converts liquid ammonia into electrical power using hydrogen fuel cells.
Carbon Clean Solutions
Series C in 2022
Carbon Clean Solutions develops carbon dioxide capture and recovery technology for industrial and power generation. Its solutions enable energy-efficient CO2 separation from flue gases and gas streams, with systems designed to retrofit existing plants and support new-build installations. The technology serves cement, steel, fertilizer, chemical, petrochemical, and utility sectors, helping reduce direct emissions from coal- or gas-fired sources. It employs regenerable solvent-based capture processes and process integration approaches to improve capture rates while lowering operating costs. Founded in 2009 and headquartered in Mumbai, the company maintains research facilities in the United Kingdom and India and has a global commercial presence including the United States.
Hydrogen Mem-Tech
Venture Round in 2022
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
Bonat is a SaaS solution provider specializing in customer engagement. It offers a platform that enables businesses to reward customers, communicate effectively, and analyze feedback in real-time, fostering better understanding of customer experiences.
Cognite
Secondary Market in 2022
Cognite is a global industrial AI Software-as-a-Service company that facilitates the digital transformation of heavy-asset industries such as oil and gas, shipping, manufacturing, and power and utilities. Founded in January 2017, the company has developed Cognite Data Fusion, a platform that enables the contextualization of operational and IT data. This facilitates the creation of industrial applications aimed at enhancing safety, sustainability, and efficiency in operations. Cognite's platform allows users, ranging from field engineers to data scientists, to access and leverage industrial data effectively, driving value and innovation within their organizations. With a workforce exceeding 400 professionals, including software developers, data scientists, and industry experts, Cognite operates offices in Norway, the United States, and Japan.
Rewaa is a company that specializes in cloud-based inventory management software aimed at simplifying the e-commerce operations of retailers. By integrating physical stores with online marketplaces, Rewaa enables retailers to list their in-store products online with minimal operational and marketing costs. The platform automates various functions, including inventory management, order processing, and invoicing, allowing retailers to manage sales and suppliers efficiently. With the Rewaa Cashier System, products in physical stores are automatically listed online, eliminating the need for separate inventories for online sales. This integration also allows physical locations to serve as shipping centers, facilitating quicker order fulfillment and reducing employment costs. Overall, Rewaa aims to streamline e-commerce processes for retailers, enhancing their ability to sell across multiple channels effectively.
Daphne Technology
Series B in 2021
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in catalyst-free, nano-technology solutions designed to help the petrochemical, power, and transportation industries significantly reduce air emissions in accordance with international and national regulations. Its patented technology effectively breaks down toxic pollutants, converting them into non-hazardous elements or valuable by-products. This miniaturized solution is particularly well-suited for marine vessels and offers a cost-effective alternative to existing technologies by lowering both capital and operational costs without necessitating a switch in fuel sources. As a result, Daphne Technology addresses environmental challenges by enabling a cleaner and more sustainable approach to emissions management across various sectors.
Founded in 2015, NexWafe specializes in manufacturing and supplying high-quality monocrystalline silicon wafers for solar cell producers. Its innovative direct gas-to-wafer process minimizes waste, resulting in affordable wafers that are fully compatible with common cell and module fabrication.
EnerVenue
Series A in 2021
Founded in 2020, EnerVenue specializes in developing metal-hydrogen energy storage batteries for large-scale renewable and grid applications. Its innovative technology aims to revolutionize stationary energy storage by offering durable, safe, flexible, and cost-efficient solutions.
Energy Vault
Series C in 2021
Founded in 2017, Energy Vault develops grid-scale energy storage solutions. Utilizing principles of physics and innovative materials, their modular systems range from 10 to 35MWh capacity and up to 5MW power output, designed for a minimum 30-year lifespan with no degradation.
HT Materials Science
Series A in 2021
HT Materials Science is a developer and manufacturer of nanoparticle-based heat transfer fluids and related cooling and heating solutions. The company commercializes sub-micron Maxwell 2020 technology designed as a drop-in additive for heating and for use in new or existing cooling systems, delivering enhanced heat transfer and lower energy consumption in commercial and industrial settings. Its products target chillers, heat pumps and other water-based HVAC systems, as well as chemical, food, and pharmaceutical processing and power generation applications, enabling lower energy costs, improved equipment performance and reduced carbon emissions. HT Materials Science also offers energy-saving components such as fan coils, air handling units, system pumps and supply fans that can operate at lower power without compromising comfort. Founded in 2018 and based in Dublin, Ireland, the company focuses on energy efficiency through nanoparticle-enabled fluids across commercial and industrial markets.
Data Gumbo
Series B in 2021
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
AttackIQ, Inc. is a cybersecurity company that specializes in providing a Breach & Attack Simulation (BAS) platform designed to help organizations assess the effectiveness of their security controls. Founded in 2013 and headquartered in San Diego, California, with additional offices in Sydney and Melbourne, Australia, the company's platform allows security teams to simulate real-world attack scenarios based on the MITRE ATT&CK framework. This enables organizations to validate their security measures, uncover vulnerabilities, and prioritize remediation efforts. The platform integrates into existing networks, offering visibility into security programs and facilitating continuous testing against adversary techniques. By automating security assessments, AttackIQ empowers organizations to identify weaknesses in their defenses and ensure that their security architecture is robust and responsive to emerging threats.
Energy Vault
Venture Round in 2021
Founded in 2017, Energy Vault develops grid-scale energy storage solutions. Utilizing principles of physics and innovative materials, their modular systems range from 10 to 35MWh capacity and up to 5MW power output, designed for a minimum 30-year lifespan with no degradation.
Nexa3D
Venture Round in 2021
Nexa3D Inc. is a manufacturer of industrial-grade 3D printers, specializing in ultrafast stereolithography technology. Based in Ventura, California, the company utilizes proprietary Lubricant Sublayer Photo-curing (LSPc) technology and a patented structured light matrix to achieve printing speeds of up to 1 cm per minute. This innovation significantly reduces the time required to produce precision functional parts, transforming 3D printing cycles from hours to mere minutes. Nexa3D serves a diverse clientele, including engineers, designers, and manufacturers, aiming to make advanced 3D printing accessible and efficient for professionals and businesses of all sizes. Established in 2016, the company is focused on digitizing the supply chain through its advanced printing solutions.
3YOURMIND
Series A in 2021
Founded in 2013, 3YOURMIND develops industrial 3D printing software platforms. Headquartered in Berlin with offices in San Francisco and Wroclaw, the company offers enterprise solutions to automate additive manufacturing processes and workflows for leading companies and service providers.
Seeq Corporation
Series C in 2021
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
Arabian Robotics
Venture Round in 2021
Arabian Robotics specializes in designing and developing advanced robotics technologies for industrial applications, particularly in the oil, gas, and petrochemical sectors. The company offers competitive robotic inspection and non-destructive testing services, including ultrasonic thickness testing, pipe, tank, and vessel inspections. Through collaboration with key international partners, Arabian Robotics focuses on the continuous development of effective technologies that ensure reliable and affordable inspection solutions for its clients.
Utility Global
Venture Round in 2021
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.
CorrosionRADAR
Series A in 2021
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.
Founded in 2015, NexWafe specializes in manufacturing and supplying high-quality monocrystalline silicon wafers for solar cell producers. Its innovative direct gas-to-wafer process minimizes waste, resulting in affordable wafers that are fully compatible with common cell and module fabrication.
Dragos is an industrial cybersecurity company dedicated to protecting the world's critical infrastructure. Its platform offers visibility into industrial control systems (ICS) and operational technology (OT) networks, enabling early threat detection and mitigation.
Data Gumbo
Series B in 2020
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
Seeq Corporation
Series B in 2020
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
Parsable, Inc. is a technology company based in San Francisco, California, specializing in workflow management solutions for industrial sectors, including consumer packaged goods, manufacturing, and energy. The company offers the Parsable Connected Worker Platform, which transforms static, paper-based procedures into mobile and interactive work instructions. This platform allows industrial workers to utilize multimedia formats and collaborate in real-time, improving productivity, quality, and safety. Additionally, Parsable's solutions facilitate the collection of operational data, enabling organizations to gain insights into human work activities and enhance efficiency through data analysis, change tracking, and process training. Founded in 2013 and originally known as Wearable Intelligence, Inc., Parsable has expanded its presence with offices in Austin, Texas; Vancouver, Canada; and Kildare, Ireland.
Taulia
Venture Round in 2020
Founded in 2009, Taulia develops AI-driven supply chain management software. It offers dynamic discounting, cash forecasting, invoice automation, supplier management solutions for buyers, and early payment, e-invoicing services for suppliers. With strategic alliances like KPMG, Taulia operates globally with offices across North America, Europe, and Australia.
FogHorn is a developer of edge intelligence software tailored for industrial and commercial Internet of Things (IoT) applications. The company's platform enables advanced analytics and machine learning capabilities to be deployed in on-premises edge environments, facilitating applications such as monitoring, diagnostics, machine performance optimization, proactive maintenance, and operational intelligence. FogHorn's technology is particularly beneficial for original equipment manufacturers (OEMs), systems integrators, and end customers across various sectors, including manufacturing, energy, mining, transportation, healthcare, retail, and smart infrastructure initiatives like smart grids and connected vehicles. By enhancing edge computing with real-time analytics, FogHorn empowers businesses to integrate seamlessly with major cloud platforms, allowing for informed, analytics-driven decision-making.
Nexa3D Inc. is a manufacturer of industrial-grade 3D printers, specializing in ultrafast stereolithography technology. Based in Ventura, California, the company utilizes proprietary Lubricant Sublayer Photo-curing (LSPc) technology and a patented structured light matrix to achieve printing speeds of up to 1 cm per minute. This innovation significantly reduces the time required to produce precision functional parts, transforming 3D printing cycles from hours to mere minutes. Nexa3D serves a diverse clientele, including engineers, designers, and manufacturers, aiming to make advanced 3D printing accessible and efficient for professionals and businesses of all sizes. Established in 2016, the company is focused on digitizing the supply chain through its advanced printing solutions.
VAKT Holdings Limited
Venture Round in 2020
VAKT Global Limited, founded in 2018 and based in London, operates a blockchain-based digital platform designed to transform post-trade processing in the commodities trading industry. The platform serves as a secure and real-time ecosystem that enhances visibility of logistic data and eliminates traditional reconciliation and paper-based processes. By providing a single source of truth for the entire trade lifecycle, VAKT aims to improve operational efficiencies and decision-making for its clients. The initiative is supported by nine leading energy companies and banks that are committed to leveraging blockchain technology to address longstanding industry challenges. Through its innovative approach, VAKT creates new trade finance opportunities while streamlining communication and scheduling within the trading process.
Specialty RTP
Venture Round in 2020
Specialty RTP is a design and manufacturing company that produces polymer pipe and reinforced thermoplastic pipe products for oil and gas applications, including turnkey rehab, spoolable pipe, velocity strings, and lift, with onshore and offshore surface line services; its thermoplastic solutions are designed to replace traditional steel pipelines, offering corrosion resistance, durability, lightweight construction, spoolability, and high pressure tolerance to reduce maintenance costs and downtime for operators.
Seeq Corporation
Series B in 2019
Seeq Corporation specializes in analytics software for industrial process data. Its flagship product, Seeq, integrates data from multiple sources like OSIsoft PI and GE Proficy, enabling users to search, cleanse, model data, find patterns, monitor assets, collaborate in real-time, and interact with time series data. Serving industries such as food & beverage, oil & gas, and utilities, Seeq helps drive better business decisions through insights derived from industrial process data.
Nexa3D
Venture Round in 2019
Nexa3D Inc. is a manufacturer of industrial-grade 3D printers, specializing in ultrafast stereolithography technology. Based in Ventura, California, the company utilizes proprietary Lubricant Sublayer Photo-curing (LSPc) technology and a patented structured light matrix to achieve printing speeds of up to 1 cm per minute. This innovation significantly reduces the time required to produce precision functional parts, transforming 3D printing cycles from hours to mere minutes. Nexa3D serves a diverse clientele, including engineers, designers, and manufacturers, aiming to make advanced 3D printing accessible and efficient for professionals and businesses of all sizes. Established in 2016, the company is focused on digitizing the supply chain through its advanced printing solutions.
Hyundai Oilbank
Secondary Market in 2019
Hyundai Oilbank Co., Ltd. is a prominent South Korean company engaged in the production and sale of a wide range of petroleum and petrochemical products. Founded in 1964 and headquartered in Seosan, the company produces gasoline, kerosene, jet fuel, fuel oil, naphtha, low sulfur diesel, and liquefied petroleum gas. Additionally, it manufactures petrochemical products including benzene, toluene, p-xylene, propylene, and mixed xylene. Hyundai Oilbank also offers asphalt, lube base oil, lubricants, and carbon black products. The company is involved in petroleum trading, oil storage, and crude refining, and operates approximately 2,348 gas stations under the Oilbank brand. Its products are distributed through various channels, including gas stations, agencies, and retail outlets. Hyundai Oilbank, formerly known as Hyundai Oil Refinery Co., Ltd., emphasizes its commitment to social responsibility and aims to contribute to the national economy and development while serving the interests of its stakeholders. It is a subsidiary of Hyundai Heavy Industries Holdings Co., Ltd.
UnitX is a deep tech company specializing in artificial intelligence, supercomputing, and data analytics. It develops platforms and software to deploy AI at scale, with on-premises and edge-to-cloud integration and on-demand supercomputing for rapid prototyping. Its offerings include AI acceleration, digital transformation, and simulation-focused tools that let customers build applications and containers for supercomputing and allocate compute resources by time and cost. The company also provides safety and security monitoring solutions that fuse sensor data and video analytics to deliver real-time insights, detect hazards, and track personnel at industrial sites. UnitX serves a broad range of industries, including finance, insurance, government, retail, telecom, healthcare, manufacturing, and logistics. Based in Thuwal, Saudi Arabia, UnitX emphasizes responsible AI, holds ISO certification, and is recognized by SDAIA and NVIDIA for its technology.
Form Energy
Series B in 2019
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.
Capsule8, founded in 2016 and headquartered in New York, specializes in cyber protection for enterprise infrastructure, focusing specifically on Linux systems. The company offers Capsule8 Protect, a platform designed to detect and mitigate attacks in real-time across various environments, including containerized, virtualized, and bare metal systems. With a team comprised of experienced hackers and security entrepreneurs, Capsule8 aims to provide continuous security, allowing organizations to safeguard their Linux-powered infrastructures from zero-day attacks and other unwanted activities without the need for human intervention. This innovative approach enables enterprises to modernize their systems while maintaining robust security.
Typhon Treatment Systems
Venture Round in 2019
Typhon Treatment Systems Ltd. is a UK-based manufacturer of water treatment equipment, established in 2014 and headquartered in Penrith. The company specializes in developing ultraviolet (UV) light emitting diode (LED) technology for water disinfection, focusing primarily on utility-scale applications. Typhon's innovative systems are capable of treating large volumes of water, while also offering adaptable designs suitable for smaller residential applications. The company's patent-pending technology provides a high level of UV dose to the water being treated, ensuring effective disinfection without the use of mercury. As advancements in UV LED power and energy efficiency continue to progress, Typhon aims to enhance its unique water treatment solutions, making safe and affordable water disinfection accessible to a broader audience.
Data Gumbo
Series A in 2019
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.
908 Devices
Series E in 2019
908 Devices Inc. is a Boston-based company that specializes in the development and sale of handheld and desktop measurement devices for chemical and biochemical analysis. Founded in 2012, the company leverages mass spectrometry technology to create portable tools designed for immediate application in various fields, including life sciences research, bioprocessing, industrial biotechnology, and forensics. Its product lineup includes the MX908, a battery-powered, handheld mass spectrometry device capable of rapid analysis of unknown gas, liquid, and solid materials; the Rebel, a desktop analyzer offering real-time data on bioprocess environments; and the ZipChip, a high-resolution separation platform that enhances mass spectrometry sample analysis. 908 Devices aims to provide reliable and actionable insights in challenging environments, meeting the needs of professionals who require efficient solutions for complex analytical tasks.
SABIC is a diversified manufacturing company based in Saudi Arabia, primarily engaged in chemicals and intermediates, industrial polymers, fertilizers, and metals. It is the largest public company listed on Tadawul and the second largest global ethylene glycol producer. SABIC Ventures, its wholly-owned subsidiary, focuses on seed and early-stage venture capital financing for innovative companies globally.
Earth Science Analytics
Series A in 2019
Earth Science Analytics AS is a Norwegian company specializing in cloud-based software solutions for the petroleum geosciences market. Founded in 2012 and headquartered in Stavanger, it offers a range of geoscience-driven software products designed to enhance exploration success in complex geological environments. The company's primary platform, EarthNET, is a web-based, geospatial-oriented software as a service (SaaS) that utilizes artificial intelligence to predict rock and fluid properties in the subsurface. Additional offerings include EarthBANK, a geo-data management platform; EarthGRAPH, a data visualization tool; and EarthINSIGHT, a decision support tool. Through machine learning workflows, Earth Science Analytics aims to deliver high-quality, data-driven predictions to clients in the exploration and production sector, improving efficiency, precision, and cost-effectiveness compared to traditional methods.
GetMuv is a Jeddah-based company established in 2017 that offers a mobile and web application designed to enhance the practice of sports in an engaging way. One of its key products, 1Pass, targets corporate wellness by allowing verified employees to access any gym with a single membership. This innovative approach enables users to enjoy flexible and convenient fitness options while promoting healthier lifestyles within organizations.
Daphne Technology
Series A in 2019
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in catalyst-free, nano-technology solutions designed to help the petrochemical, power, and transportation industries significantly reduce air emissions in accordance with international and national regulations. Its patented technology effectively breaks down toxic pollutants, converting them into non-hazardous elements or valuable by-products. This miniaturized solution is particularly well-suited for marine vessels and offers a cost-effective alternative to existing technologies by lowering both capital and operational costs without necessitating a switch in fuel sources. As a result, Daphne Technology addresses environmental challenges by enabling a cleaner and more sustainable approach to emissions management across various sectors.
IBOAT is a application that helps boat owners rent their boats to sea lovers with high-quality and safe trips through their smart phones.
Golden Scent
Series B in 2019
Founded in 2014, Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia. It specializes in offering genuine fragrances and beauty products, including cosmetics, skincare, and hair care items. The platform enables users to try on products virtually before purchasing.
Sadeem is a global marketplace to help data centers and hosting providers to sell simple cloud instances, through this market place the end users can locate the most proper Cloud Service Provider fits with their requirements.(AIRBNB for Data Centers).
To achieve this, they have developed a simple and a comprehensive cloud orchestration includes a Control Panel for VMs management with embedded billing system and ticketing system via a single portal. This will ease the service provisioning process to the customers and on the other hand will off-load the cost of integration with third party tools from the Service Providers.
Cumulus Digital Systems
Seed Round in 2018
Cumulus Digital Systems, Inc. is a startup based in Cambridge, Massachusetts, that specializes in developing a cloud-hosted software platform aimed at enhancing maintenance and construction workflows. The company's primary offering is the Smart Torque System, which leverages Internet of Tools technology to gather data from digitally-enabled tools. This platform serves as a centralized source for real-time quality assurance and progress tracking, facilitating improved management of industrial facilities. By structuring data collected during operations, Cumulus enables businesses to achieve significant improvements in productivity and work processes, thereby making industrial environments safer and more efficient. Cumulus Digital Systems was incorporated in 2018.
Upside Business Travel
Series B in 2018
Founded in 2015, Upside Business Travel specializes in travel management for small and mid-sized companies. It offers a platform combining tools and support to streamline business travel.
Clarke Valve
Series B in 2018
Founded in 2011, Clarke Valve specializes in developing energy-saving shutter valves designed for diverse industrial and aerospace applications. Its valves offer a unique combination of features such as zero pressure drop, precise flow control, low noise, thin footprint, and long-term reliability, enabling efficient use in challenging applications across power plants, oil and gas facilities, and chemical plants.
Well-SENSE Technology
Corporate Round in 2018
Well-SENSE Technology Ltd., established in 2015, specializes in developing disposable fiber optic systems for the oil and gas industry. Its innovative technology enables real-time distributed temperature, pressure, and acoustic measurements across wellbores, facilitating applications such as cement assurance, gas lift optimization, sand detection, and flow monitoring.
Arlanxeo
Acquisition in 2018
ARLANXEO is a prominent synthetic rubber manufacturer, headquartered in Maastricht, Netherlands, with a reported sales figure of approximately EUR 2.7 billion in 2016 and a workforce of around 3,800 employees across 20 production sites in nine countries. Established in April 2016 as a joint venture between LANXESS and Saudi Aramco, the company specializes in the development, production, and marketing of high-performance synthetic rubber utilized in various sectors, including automotive, tire, construction, and oil and gas industries. ARLANXEO's product portfolio features a range of rubber types, including ethylene propylene diene, chloroprene, neodymium, lithium butadiene, and cobalt butadiene, which are designed to enhance the chemical properties of tire rubber, reduce tread wear, and minimize rolling resistance. The company's operations are organized into the High Performance Elastomers and Tire & Specialty Rubbers business units, reflecting its focus on innovation and performance in the synthetic rubber market.
Xage Security
Series A in 2018
Xage Security designs and develops blockchain-protected security platforms for industrial IoT (Internet of Things). Its products include Xage Gateway, Xage Broker, optional Xage Client Agent, and Xage Security Cloud. The company offers solutions such as systemic tamper proofing, edge authentication, role-based access control, and device lifecycle management, serving industries like energy, transportation, utilities, manufacturing, building management, agriculture, logistics, e-commerce, and healthcare.
NexWafe
Corporate Round in 2018
Founded in 2015, NexWafe specializes in manufacturing and supplying high-quality monocrystalline silicon wafers for solar cell producers. Its innovative direct gas-to-wafer process minimizes waste, resulting in affordable wafers that are fully compatible with common cell and module fabrication.
Form Energy
Series A in 2018
Form Energy, Inc. is a company focused on developing long-duration energy storage systems aimed at transforming the electric grid by enabling the reliable use of renewable energy sources such as wind and solar. Established in 2017 and based in Somerville, Massachusetts, Form Energy is known for its innovative iron-air battery technology, which allows for the storage of electricity over extended periods, making renewable energy more dispatchable throughout the year. This technology not only helps to replace conventional fossil fuel-based generation but also enhances transmission capacity without the need for new infrastructure. By facilitating deep decarbonization of the electric system, Form Energy plays a significant role in reducing carbon emissions and promoting a sustainable energy future.