Participated · Series C · Mar 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Participated · Series A · Apr 2024

DeFli develops hardware devices that operate within a tokenized ecosystem and an L3 blockchain and node network designed specifically to handle time-series data with FFX encryption. The company plans to manufacture 28,000 devices that will be available for purchase and hosting by the public from May 2024. Proceeds from the announced Series A will also be committed to continued development of the L3 chain and node infrastructure. The funding round included both traditional and crypto-native instruments and incorporated token pre‑sales and SAFE conversion. The round converted prior SAFE funding at 3% of total equity and establishes stronger governance links with investors via board and foundation nominations. Custodial arrangements for one Gnosis Safe signatory wallet were also agreed with the lead investor.

Participated · Series E · Dec 2023

VAST Data offers an AI operating system that unifies foundational data, compute services, and agentic execution into a single scalable software infrastructure stack. Its platform is positioned to enable organizations to deploy and coordinate AI agents, reason over real-time data, and automate complex workflows at scale. The company is led by founder and CEO Renen Hallak and is based in New York City. With the announced Series F, VAST reached an implied valuation of $30 billion after raising approximately $1 billion in primary and secondary capital. VAST intends to use the proceeds to consolidate its position, accelerate global growth, and pursue strategic transactions to expand its technology footprint and partnerships. The article does not disclose revenue, user, or other operating metrics.

Participated · Equity · Mar 2019

Lightbits Labs offers a software-defined storage platform that leverages the NVMe/TCP standard to enable high-performance, low-latency NVMe-oF operations over commodity Ethernet. The company moved away from a custom acceleration card to focus on purely software-based solutions that scale NVMe queues and achieve access latencies of roughly 100–120 microseconds (around 200 microseconds on commodity servers). Its platform integrates with existing data-center infrastructure and is certified to work with VMware vSphere; Lightbits also has a partnership with Intel. Customers include cloud service providers, financial services firms, edge cloud providers, CDNs, and Fortune 1000 enterprises. During the pandemic Lightbits doubled its install base and grew its customer-acquisition pipeline by 2.3x. Financial specifics were not disclosed, but the company reported that the latest financing brings total capital raised to over $100 million. Lightbits currently employs about 100 people and plans to grow headcount to more than 150 by the end of next year. Lightbits Labs offers LightOS software and the LightField storage acceleration card to deliver NVMe/TCP-based disaggregated storage that appears as low-latency DAS to applications. Its Global Flash Translation Layer (GFTL) pools multiple NVMe SSDs to boost performance, improve endurance, and provide rich data services over standard Ethernet. The solution supports millions of IOPS at latencies comparable to direct-attached NVMe while running over commodity 10/25G networks with no server-side changes. Lightbits positions its stack as a way to eliminate stranded storage resources and lower total cost of ownership for private cloud and hyperscale-like deployments. The company helped lead the NVMe/TCP standard effort and says its products have been tested in industry-leading cloud data centers. LightOS can be purchased as software-only or bundled with the LightField accelerator.

Participated · Series C · Apr 2010

Fusion-io develops flash-based memory chips and storage technologies designed to deliver very high data-access speeds and to store data in smaller devices. The company's core product is a flash-based memory tier used to accelerate storage performance. It is known for providing an incredibly fast data storage solution. Fusion-io said it will use new funding to increase sales and to develop its flash-based memory tier further. The company also plans to support product development of new technologies. The latest financing brings its total funding to over $110 million. Fusion-io develops high-speed storage technology built around flash memory chips rather than traditional hard drives, allowing customers to store large amounts of data with less hardware and much higher access speeds. Its first product, the ioDrive, debuted at DEMOfall 2007 and the ioSAN, which connects ioDrive performance to a company network, was announced at DEMOfall 2008. The company demonstrated ioSAN transferring a DVD’s worth of data across servers in three seconds. Fusion-io announced a $47.5 million second round of funding led by Lightspeed Venture Partners, bringing its total funding to $66.5 million. Previous investors New Enterprise Associates, Dell Ventures, and Sumitomo Ventures participated in the new round. The company named David Bradford as CEO (he spent 15 years at Novell and reported to Eric Schmidt in his last three years there), and Apple co‑founder Steve Wozniak joined as chief scientist; Fusion-io reported more than 300 customers.