Participated · Series D · Jul 2025

MaintainX offers an AI- and IoT-driven maintenance and asset management platform that connects asset and work intelligence to deliver real-time, actionable insights to technicians and executives. The platform emphasizes human-AI collaboration, putting AI-driven recommendations in the hands of shop-floor technicians and leaders to shift maintenance from reactive to proactive. MaintainX plans to expand its AI-powered asset and work intelligence capabilities, grow machine health monitoring and predictive maintenance solutions, and further develop enterprise asset management (EAM) features with a sensor-agnostic approach. The company will also accelerate market expansion across industries and geographies and hire talent to support its product roadmap. Financially, MaintainX closed a $150M Series D in this round, bringing total funding to $254M and a new valuation of $2.5B. MaintainX reports serving over 11K companies, managing 11M+ assets, processing 27M+ work orders and 370K+ safety procedures annually, and cites customer results such as 34% reduced unplanned downtime, 15% increased production capacity, and up to 32% monthly maintenance cost savings. MaintainX provides a mobile-first, IoT-enabled maintenance and frontline work execution platform used to streamline maintenance operations, manage regulatory compliance, and deliver asset- and plant-level insights. Its core product digitizes work orders and standard operating procedures to increase productivity for maintenance workers and other frontline staff. The company is introducing AI-powered maintenance operations, Asset Health Insights dashboards, and Resource Planning to add predictive capabilities and improve data quality and workforce scheduling. MaintainX serves over 6,500 customers across manufacturing, logistics, hospitality and facilities management and reports revenue growth of 13x since its Series B. The platform is positioned to turn frontline workers into knowledge workers by combining aging physical assets with smarter machine data and analytics. MaintainX was founded in 2018 and is headquartered in San Francisco. MaintainX provides a management platform that replaces clipboards and spreadsheets with digital tools to streamline workflows for industrial and frontline workers. Its feature suite enables tracking of reactive and preventive maintenance as well as daily operations such as safety and quality inspections and operating checklists, all with a digital audit trail. The company serves customers across heavy industry, municipal maintenance, hospitality, education, and healthcare. MaintainX says it has seen rapid growth since foundation, with revenues growing 12X from early 2020. The company intends to use new funding to accelerate growth and expand operations and business reach. MaintainX was founded in 2018 and is based in San Francisco, CA. MaintainX offers a mobile-first workflow and collaboration platform that digitizes standard operating procedures, safety and training checklists, tooling reports, audits and quality-control inspections for frontline, deskless teams. The product centralizes communication and work orders to replace paper, radios and spreadsheets, and the company says it can boost frontline efficiency by up to 7x. Hundreds of operation-intensive customers — including Marriott, Radisson properties, Subway franchisees and Phillystran — have adopted the platform. More than 1,600 businesses have joined the platform and are ready to start using MaintainX daily, and the company highlights rising daily usage and retention. MaintainX plans to use new funding to grow teams in San Francisco and Montreal and further develop its platform. The company was founded in late 2018 and is positioning itself to serve the large, underserved deskless workforce market.

Participated · Series B · Mar 2025

Founded in 2018, San Francisco-based Ditto offers an embeddable SDK that turns smartphones, tablets, and other edge devices into ad-hoc mesh networks, enabling applications to read and write data locally while remaining synchronized with other devices and the cloud. The platform replaces expensive on-premise edge servers by using built-in Bluetooth, Wi-Fi, or LAN to keep data consistent even when connectivity is patchy—an approach already adopted by customers such as Delta, Japan Airlines, Lufthansa, and the U.S. Air Force (which signed a $950 million contract in 2022). Over the past year the company’s customer count has doubled to 30-plus and annual recurring revenue has grown 250%, though absolute figures were not disclosed. Ditto recently partnered with MongoDB to launch a native connector that syncs edge data with MongoDB databases, and it plans to deepen integrations with additional cloud database providers. With fresh capital, the company will expand headcount and accelerate product development aimed at AI-driven, real-time use cases where privacy, resiliency, and low latency are critical. Ultimately, Ditto positions itself as the default platform for edge computing and data synchronization as AI workloads proliferate.

Led · Seed · Oct 2024

Borderless.xyz is a global payments infrastructure company led by CEO Kevin Lehtiniitty. It is designed to facilitate transactions using internet-native money, including stablecoins and real-world assets (RWAs). The company's platform supports cross-border transfers, payouts, collections, onramps, and offramps. Borderless.xyz already covers more than 50 countries and 23 currencies for these services. The company raised $3M in a pre-seed round led by Amity Ventures with participation from executives such as Michael Shaulov (Fireblocks), Jess Houlgrave (WalletConnect), Anton Katz (Talos) and others. It intends to use the funds to expand operations and accelerate development efforts.

Participated · Equity · Jan 2024

Factored Quality builds software that digitizes quality control, testing, and compliance for consumer goods brands. It supports more than 100 brands, including Canopy, Dr. Squatch, and Lalo, to run QC, testing, and compliance globally. The company reports measurable customer savings, saying it helped Canopy save over $70,000 in rework and shipping costs and Halfdays save $130,000 in returns errors. Factored Quality has raised $7.1M in total funding to date, including a new $1.5M injection. Investors named include Y Combinator, Vinyl Capital, PPVP, Dynamo Ventures, BAM Ventures, Amity Ventures, and more than 40 founders in supply chain tech and eCommerce. The team says the new capital will be used to expand support and build infrastructure that eases operations for high-growth consumer goods brands. CEO Prince Ghosh framed the product as addressing a neglected but painful part of a brand’s product lifecycle.

Led · Equity · Sep 2023

Usage.AI is a NYC-based company that provides a cloud savings platform with modules covering compute and database services. Led by founder and CEO Kaveh Khorram, the platform scans every layer of a customer's cloud environment to provide visibility and uses its Autopilot software to identify and implement savings with zero code change, zero downtime, and zero risk. The product enables organizations to consolidate their cloud savings program into a single solution built natively for the cloud. Usage.AI serves over 300 global enterprises, including Deel, Zumba, EVGo, FabFitFun, Secureframe, and Motive. The company raised $9M and intends to use the proceeds to expand its product roadmap and ship new features and products.