Led · Equity · Mar 2026

Gyala develops Agger, a proprietary full-stack cyber resilience platform that provides automated detection and response for IT, OT and IoT environments across critical infrastructure sectors such as energy, industry, healthcare, naval and financial services. The technology originated in the military research context (Piano Nazionale della Ricerca Militare) in 2016 and has been adapted for civilian critical infrastructure protection. Gyala reported 2025 revenue of €3.6 million and expects revenue to grow by about 30% in the current fiscal year, with a projected compound annual growth rate of approximately 34.76% through 2029. The company plans to double headcount from 30 to 60 employees by 2029, hiring 12 people in the first year, and to reinforce R&D and vertical market go-to-market capabilities while pursuing international expansion. Management positions Gyala as a technology-driven vendor targeting complex, regulated environments where conventional solutions have limited visibility or effectiveness.

Led · Equity · Feb 2026

K3RX is a technology company focused on designing and manufacturing high-performance components made from Ultra High Temperature Ceramics Matrix Composites (UHTCMC) that can operate at temperatures up to 2,700 °C. These materials deliver superior mechanical strength, ablation resistance, and oxidation resistance compared with traditional reinforced carbon-carbon or high-temperature metals such as tungsten, making them well-suited for critical aerospace and defense systems. The company intends to use its proprietary materials science to supply customers requiring reliability in extreme operating conditions. With the new capital, K3RX plans to scale up to an industrial-grade, cost-competitive production capacity, broaden market reach in Europe and the United States, and deepen its supply-chain relationships to reduce lead times and costs. The growth plan also includes hiring across administrative, engineering, and manufacturing roles and investing in in-house processing equipment to internalize strategic production steps. Management views these initiatives as essential to reinforcing Italy’s industrial autonomy in strategically important technologies.

Led · Equity · Dec 2025

Random Power is an Italian deep-tech company translating quantum physics research into commercially deployable security hardware. Its core product line is a Quantum Random Number Generator (QRNG) platform, including a QRNG ASIC that embeds quantum randomness directly into IoT and embedded devices and a 64-channel board designed for data-centre and cloud environments. Built on technology created within the EU ATTRACT programme coordinated by CERN, the solution produces high-entropy, non-deterministic numbers critical for post-quantum cryptography and future-proof data protection. The company’s approach is fully compatible with standard CMOS processes, enabling on-chip integration at low power and cost. More than €2.6 million in fresh venture capital will fund the industrialisation and certification of these products, expand the commercial team, and deepen partnerships in Europe and the United States. No revenue or user metrics were disclosed in the article, underscoring the firm’s early-stage status.

Participated · Series A · Jun 2025

PhotonPath develops scalable integrated photonics chipsets and plug-and-play modules, including the NanoOCM Spectrum Analyser, a compact high-resolution optical spectrum analyzer. Its product portfolio also includes the Spectre reconfigurable optical sensing platform for precise temperature and strain monitoring in harsh environments. The company has pilot deployments and a co-developed automotive optical sensor with an automotive braking-systems investor, and a proof-of-concept installation in the Netherlands utilities sector. PhotonPath is a fabless spin‑off from Politecnico di Milano (founded 2019) and works with local and specialised global supply‑chain partners, while building European supplier relationships for defence-sector customers. The market for integrated photonics is approaching a tipping point driven by data‑centre and networking demand, and PhotonPath is aligning its roadmap to target those short‑reach, high‑bandwidth applications. It raised a Series A to scale production, expand manufacturing partnerships, build in‑house calibration and quality control, grow its commercial team, and accelerate its product roadmap.