• XOi Technologies

  Participated · Series A · Apr 2015

  XOi builds software for maintenance and field service technicians to capture photos and quickly access information about the machines they are fixing. The company began in 2010 building connected 3D glasses and hardware under the names Pairasight and XOeye, but pivoted to phone and tablet apps after hardware proved too costly and clumsy. Headquartered in Nashville, XOi plans to integrate data from its newly acquired Specifix into its platform to provide more device-specific instructions and to build datasets to predict maintenance, upgrades, and other work. XOi will use a portion of a fresh $230 million financing from KKR to fund growth and the acquisition. KKR’s investment makes it a majority owner; the company had raised less than $20 million prior to this transaction. XOi did not disclose the acquisition price for Specifix or its post-money valuation; it said the Specifix price is less than half of KKR’s $230 million commitment, and this is XOi’s first acquisition. XOi Technologies offers XOi Vision, a cloud-based mobile application that uses computer vision and machine learning to capture, archive, and intelligently retrieve jobsite content and enable real-time remote support for field technicians. The product gives technicians access to manuals, diagrams, training content, and remote video assistance, and automates visual documentation and workflow for internal records and customer transparency. Over 6,000 field service users leverage Vision, and more than 3,000,000 job-related pieces of content have been captured to date. The company says it has grown revenue 100% every year since 2016. With recent traction that includes two Fortune 500 OEM additions in the mechanical industry and expansion into Canada, XOi plans to expand integration partnerships and key account acquisitions. The company also intends to invest heavily in talent, adding dozens of new team members across marketing, sales, customer success, and engineering. XOi Technologies (formerly XOEye Technologies) provides a SaaS-based field service communication solution aimed at the MEP sector. Its XOi Vision platform leverages workflow automation and machine learning to streamline documentation of service calls, facilitate real-time remote support, archive key service content, and improve transparency. The system integrates with existing Field Service Management software and can be used with standard mobile devices or a variety of smart wearable devices to capture video and audio content. Led by CEO Aaron Salow, the company emphasizes content capture and workflow integration to support field technicians and back-office teams. The company announced plans to accelerate product development around content distribution, data mining, and machine learning using the newly raised funds. XOEye Technologies combines wearable computing devices, custom applications and cloud-based software to deliver real-time communication and efficiency solutions for employees and customers. Its solutions support business processes including on-site service, training, sales and auditing with remote assistance. The company is led by CEO Aaron Salow and targets industrial enterprise use cases. XOEye plans to use new funding to accelerate preparation for full commercial availability of its wearable technology solutions. The company recently closed a Series A financing to advance commercialization activities. No operating metrics were disclosed in the article.

• IntelliWheels

  Participated · Equity · Aug 2012

  IntelliWheels is developing ultra-lightweight, multi-geared wheels (the i series) for manual wheelchairs that let users shift between high and low gears. The i series is designed to help users independently maneuver hills, uneven surfaces, and cover longer distances. The company emphasizes user feedback in its design process to create products that increase activity, independence, and well-being. IntelliWheels will use a $1.5 million Phase II SBIR grant from the National Institutes of Health to advance product development and research. The company is collaborating with the University of Illinois at Urbana-Champaign, the University of Wisconsin–Milwaukee, and TiLite on research and product development. IntelliWheels originated as a student startup at the University of Illinois and operates from the EnterpriseWorks incubator in Champaign, Illinois. IntelliWheels develops a patent-pending geared wheel for manual wheelchairs and is working on an automatic transmission for manually propelled chairs. The company is conducting R&D at EnterpriseWorks, the technology incubator in the University of Illinois Research Park in Champaign, Ill. Funding announced will support finishing product development and moving to product launch to get geared wheels into the hands of wheelchair users. IntelliWheels received a Phase 1 SBIR award from the National Institutes of Health to fund R&D of the automatic transmission, supported by the Eunice Kennedy Shriver National Institute of Child Health & Human Development. Venture capital and angel funding will supplement the SBIR award to accelerate commercialization. The company was founded by Scott Daigle and Marissa Siebel and previously won the $30,000 Lemelson‑MIT Award in 2011.

• Buddy Technologies

  Participated · Seed · May 2012

  Buddy Platform offers developers a fully hosted, managed set of web services that handle the cloud-connected components of applications running on iOS, Android, Windows Phone, SmartTV, Facebook, HTML5, and Windows 8. Its APIs cover user accounts, friends and group management, messaging and chat, geo-location, photo albums, metadata, gaming features, push notifications, and crash reporting. The company has launched its platform together with new APIs powered by partner Aviary.com and is providing free usage for up to 2 million API calls per month through July 31, 2012 to spur adoption. Based in Kirkland, Washington, Buddy aims to deepen relationships with major brands and agencies that publish multi-platform apps. Seed capital will be directed toward expanding market adoption and strengthening these commercial partnerships. The management team is led by CEO David McLauchlan and CTO/Chief Architect Jeff MacDuff.

No current team members are available.