Caprock
800 West Main Street, Suite 1150, Boise, ID, 83702, United States
Overview
The CAPROCK Group concentrates on the entire family's balance sheet. Through long-term planning, asset management, and acting as an outsourced they assist the missions of affluent families by bringing structure and order to their financial affairs.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Venture Capital
Investment portfolio
- Overland AI
Participated · Series A · Jan 2025
Founded in 2022, Seattle-based Overland AI builds full-stack autonomous land systems designed to remove warfighters from harm by executing high-risk ground missions. Its flagship product, ULTRA, is an autonomous ground vehicle capable of navigating off-road, in GPS-denied environments, and without direct operator control. The company combines engineers from the self-driving industry with U.S. military veterans to ensure rigorous field testing and operational relevance. Overland AI’s technology spans autonomy software, perception sensors, control systems, and in-house manufacturing, enabling rapid scaling for military deployments. The newly secured capital will be directed toward meeting accelerating demand for ULTRA as armed forces integrate ground autonomy into active units. Although no revenue or user figures were disclosed, the company emphasizes speed and scale in fulfilling defense contracts and delivering multiple attritable vehicles with modular payloads.
- Airspace Link
Participated · Series B · Jun 2022
Airspace Link offers an online platform that helps UAV operators obtain FAA permissions by partially automating safety-case workflows and tracking ground-based infrastructure such as radar coverage, nearby flights, and other assets. The company positions itself as state and local infrastructure rather than a pilot-facing app, with municipalities white-labeling the platform and charging convenience fees. It raised $23.1 million in a Series B to accelerate U.S. expansion and pursue a global roll-out as countries seek to build or update drone regulatory systems. Airspace Link is partnering with Thales and ESRI to support localization and airspace-monitoring capabilities for international deployments. The company cites tightening FAA rules — including an upcoming mandate for drones to broadcast location — as a driver of demand and a reason to expand quickly. Airspace Link is hiring rapidly, nearing 50 employees, and plans to grow its global team as it commercializes its infrastructure offering. Airspace Link offers drone operation planning tools and APIs that let developers integrate its geospatial data into third-party platforms. Its system is LAANC-compatible and the company is one of seven FAA-approved providers for low-altitude authorization in controlled airspace. The platform differentiates itself by integrating with municipal mapping tools to surface ground-based risk for communities and operators. Founded in 2018 and based in Detroit, the company employs about 20 full-time staff and says it partners with more than 40 U.S. government agencies and municipalities. Airspace Link plans to use new funding to expand its domestic offering, integrate with additional transportation groups, and grow overseas. The company has signaled specific expansion targets of Australia and Canada. It recently closed a $10 million Series A to support those efforts. Airspace Link builds mapping and authorization tools that help cities and towns manage low-altitude drone traffic by integrating ground-based risk data into flight guidance for operators. The company integrates deeply with ESRI to surface terrestrial critical-asset and population data and to enable municipal advisories and permitting workflows. Its platform components include AirRegistry (opt-in/opt-out for drone deliveries), AirInspect (city/state permitting), AirNetm (FAA-approved air routes) and AirLink (an API that connects operators with local governments and collects registration fees). Airspace Link has received FAA approval for low-altitude authorization and notification capabilities and currently focuses on authorizing flight plans while planning broader rollouts. CEO Michael Healander says the company expects live-tracking of every drone on its platform within about two years. Financially, Airspace Link previously closed a $1.0M pre-seed round in September 2019 at a $6.0M post-money valuation; the company’s current valuation following the new financing is undisclosed.
- SeamlessDocs
Participated · Series B · Mar 2018
SeamlessDocs offers a cloud-based product suite (SeamlessGov) that enables governments to digitize and automate paper forms and workflows. The platform has processed submissions from over 27 million citizens. The company says its service has generated tens of millions of dollars in government processing cost savings. Founded in 2011 and led by CEO Jonathon Ende, SeamlessDocs is focused on continuing product investment and expanding its business reach. The firm completed a $7.5M funding round to support those plans and has now raised more than $18.5M in total capital. SeamlessDocs converts government PDF forms into clickable, interactive digital forms compatible with all platforms and screen sizes. The company integrates with local governments to digitize forms, allowing citizens to fill, sign, and complete transactions on a phone without printing, faxing, or mailing. It says it currently works with hundreds of local governments and generates revenue via a per-seat annual charge that provides unlimited form conversion. With the new funding, SeamlessDocs plans to target federal agencies and branches of government. The company will use proceeds to hire more engineers, sales staff, and customer-service representatives. Founder and CEO Jonathon Ende has framed the mission as making government interactions beautiful and easy. SeamlessDocs provides a document automation portal that moves traditionally offline government forms online and mobile by converting any PDF into a smart form. The product supports legal eSignatures, attachments, and payment integration to streamline citizen interactions. The company targets governments to reduce paperwork, data entry costs, and improve the user experience. SeamlessDocs has signed up hundreds of governments in almost every U.S. state, with the city of Los Angeles among its largest clients. Pricing runs in the thousands of dollars and varies by the population of the government customer. The company originally launched as Bizodo out of the ERA Accelerator and rebranded and refocused on government customers.
- Cradlepoint
Participated · Series B · Apr 2015
Cradlepoint builds networking solutions that deliver consistent internet connectivity over cellular networks, offering fixed wireless access and failover when wired broadband is limited. Its platform handles network management and security as a cloud service. The company’s products are used in branch offices, vehicles (for example police cars and school buses), and machine-to-machine IoT scenarios such as factory sensors. Cradlepoint has around 500 employees, is headquartered in Boise, Idaho, and serves roughly 15,000 customers. Management says it plans to expand internationally and invest in research to enhance 4G/LTE coverage while preparing for 5G. The firm has raised over $157 million in total to date. Cradlepoint builds cloud-managed 4G/LTE wireless networking and security solutions for distributed and mobile enterprises, delivered and managed via its Enterprise Cloud Manager (ECM) platform. The company’s products support business continuity, application-specific or parallel networks, transportation, and M2M/IoT deployments. Cradlepoint reports over 1,000,000 successful deployments with well-known enterprise customers. Management says the business has experienced strong momentum, quadrupling its revenue over the past three years. The company plans to use new capital to accelerate international expansion and further develop its cloud-managed WWAN and security offerings. Cradlepoint is a privately held company based in Boise, Idaho. CradlePoint Technology, based in Boise, Idaho, engineers and manufactures cellular routers and software platforms that facilitate secure mobile computing over 3G and 4G mobile broadband networks. Led by CEO Pat Sewall, the company has developed the WiPipe™ technology to provide access and traffic management to improve the security and quality of the online mobile experience. CradlePoint closed a $7.5m Series B venture funding round to accelerate its growth. The company intends to use the funds to accelerate deployment of its 4G/3G routers and services into enterprise retail and branch locations. In conjunction with the financing, Gerry Langeler, Managing Director of OVP Venture Partners, joined CradlePoint’s board.