Participated · Series B · Mar 2026

Performance Drone Works (PDW) develops multi-mission aerial robotic systems and operates integrated manufacturing and testing capabilities. PDW combines engineering, flight testing, systems integration, production and fulfillment at Drone Factory 01, its 90,000-square-foot manufacturing facility in Huntsville, Alabama. The company plans to produce domestic components such as propulsion systems, power and control technologies and vision systems and to supply those components to other U.S. manufacturers. PDW aims to strengthen domestic supply chains for unmanned systems and reduce dependence on foreign-controlled components. The company expects the scale-up to initially meet defense requirements and potentially expand into public safety, industrial and commercial markets. Financially, PDW has a conditional loan commitment of up to $820 million from the U.S. Department of War’s Office of Strategic Capital and plans to combine that government financing with additional private capital; the commitment is subject to further due diligence and closing conditions.

Led · Series C · Oct 2024

Nimble develops next-generation autonomous e-commerce fulfillment centers: end-to-end turnkey warehouses that operate at a fraction of the cost and complexity of current goods-to-person systems. Its core product is an intelligent, general-purpose warehouse robot capable of performing storage and retrieval, picking, packing, and sorting, paired with the Nimble Cloud Logistics Platform that provides a unified WMS, OMS, TMS, IMS, and RMS. The solution replaces dozens of individual pieces of equipment and software, simplifying installation, operations, maintenance, and scalability and claims to eliminate as much as 70% of the cost. Nimble plans to use new capital to scale robot manufacturing and system deployments and to invest further in R&D toward its mission of inventing autonomous logistics. The company highlights a commercial alliance with FedEx to scale FedEx Fulfillment using Nimble’s technology and fully autonomous 3PL model. Nimble’s board includes AI and robotics figures Fei-Fei Li, Marc Raibert, and Sebastian Thrun. Nimble develops AI-powered robotic fulfillment systems that autonomously pick, pack and ship e-commerce orders. Its technology is designed to reduce warehouse footprint by up to 75% and enable 96%+ U.S. population coverage in 1–2 day delivery. The company says its network can deliver click-to-collect savings of up to 40% versus legacy 3PL providers and that its fleet handles millions of products across categories such as apparel, electronics, health and beauty, general merchandise and CPG. Nimble serves brands including Best Buy, Victoria’s Secret, PUMA, iHerb and Adore Me. To scale, Nimble is building a nationwide network of next-generation autonomous 3PL fulfillment centers and has assembled logistics executives from Amazon and engineers from NASA, SpaceX, Tesla, Boston Dynamics, GoogleX and top universities. Financially, Nimble has raised new capital to accelerate that expansion and further commercial deployment of its robotic 3PL service. Nimble Robotics develops warehouse fulfillment robots that use deep imitation learning to map and improve through imitation. Its systems are deployed in production and the company says its robots have been picking reliably at scale for over a year for some of the world’s largest retailers. The robots operate autonomously roughly 90–95% of the time, with remote human operators assisting the remaining 5–10%. Nimble reports tens of thousands of real orders picked every day for each of its customers. The company has seen accelerated demand amid ecommerce growth during the COVID-19 pandemic and rapid deployment of its systems. Following the raise, Nimble plans to roughly double its headcount this year.

Participated · Series C · Oct 2024

Nimble is a San Francisco-based AI robotics and autonomous e-commerce fulfillment technology company led by CEO Simon Kalouche. It develops next-generation autonomous e-commerce fulfillment centers—end-to-end turnkey warehouses that operate at a fraction of the cost and complexity of goods-to-person based warehouses. Nimble's core technology is an intelligent, general-purpose warehouse robot that can perform all core fulfillment tasks. Paired with the Nimble Cloud Logistics Platform, the solution replaces dozens of complex fulfillment systems and offers WMS, OMS, TMS, IMS, and RMS capabilities. The platform manages and optimizes logistics operations and delivers real-time visibility and control across the entire supply chain for omni-channel brands. The company raised $106M in a Series C at a $1 billion valuation and plans to use the funds to scale robot manufacturing and system deployments while investing further in R&D toward its mission of inventing autonomous logistics. Founded in 2017, Nimble began as a pick-and-pack robotic automation firm and has evolved into operating fully automated third-party logistics (3PL) fulfillment centers. Its intelligent robotic fulfillment systems autonomously pick, pack and ship e-commerce orders and the company says this can reduce warehouse size by up to 75%. Nimble reports its network can provide 96%+ U.S. population coverage in one to two days and deliver click-to-collect savings of up to 40% compared with legacy 3PL providers. The startup quietly opened its first robotic fulfillment center roughly a year ago and says the number of live centers is between one and 10, geographically dispersed across the U.S. Nimble is focused on mid-market retailers while positioning to serve a range of customers, from enterprise merchants to small sellers, and aims to continue automating toward a "dark warehouse" even though some manual operations remain. Growth is being funded in part by recent financings, and the company is maintaining a cautious hiring approach with roughly 100 employees.

Participated · Series D · Sep 2022

Wasabi Technologies has built a high-growth business offering Hot Cloud Storage that emphasizes predictable pricing by eliminating egress and API request fees. The company serves customers in over 100 countries and operates 16 global storage regions. Wasabi recently acquired Lyve Cloud from Seagate Technology and introduced Wasabi Fire, an NVMe-based storage class designed for compute-intensive AI and ML training. The business has raised over $700 million in total funding and was valued at $1.8 billion following a $70 million equity round led by L2 Point Management with participation from Everpure. Wasabi says it will continue investing in its platform, infrastructure, and global expansion to meet rising demand for scalable, secure data storage.

Participated · Series B · Aug 2022

Digital Diagnostics is an AI diagnostics company focused on applying autonomous artificial intelligence to medical diagnosis. Its flagship product, IDx-DR, is an FDA De Novo cleared autonomous AI diagnostic system designed to detect diabetic retinopathy, including diabetic macular edema, at the point-of-care. The company raised $75M in a Series B round led by KKR. Proceeds will be used to accelerate the product roadmap, expand the company’s distribution footprint, and invest in sales and marketing. Leadership includes CEO John Bertrand, co-founder/president/COO Seth Rainford, and founder/executive chairman Dr. Michael D. Abramoff. The company is based in Coralville, Iowa and states its mission is to improve the quality, accessibility, equity, and affordability of global health care through technology. IDx develops clinically-aligned autonomous AI diagnostic algorithms that identify disease from medical images, and has an FDA-cleared system to detect diabetic retinopathy without clinician interpretation. The company's IDx-DR enables health care providers who are not normally involved in eye care to test for diabetic retinopathy during routine office visits. In June the solution was initiated into clinical practice at University of Iowa Health Care, marking the first time patients have received a medical diagnosis from an autonomous AI system in the United States. The company is working on implementations at several additional healthcare systems that plan to go live with IDx-DR in 2018. IDx is developing additional AI-based diagnostic systems for macular degeneration, glaucoma, Alzheimer’s disease, cardiovascular disease and stroke risk. It intends to use the newly raised funds to accelerate market adoption and further develop additional diagnostic systems for its AI platform.