Participated · Series C · Feb 2024

ZEDEDA provides edge management and orchestration software (including the open-source EVE-OS architecture) that reduces the cost of managing distributed edge infrastructure while increasing visibility, security and control. The company delivers an integrated technology stack intended to simplify security and remote management of edge workloads and claims tens of thousands of nodes under management. ZEDEDA is expanding its global footprint with a newly opened Middle East headquarters in Abu Dhabi to house sales, engineering and customer support teams. It announced new regional cloud support to help customers meet data residency requirements while leveraging cloud-native technologies and AI capabilities. ZEDEDA plans to recruit local talent and develop partnerships with Middle East solution providers to strengthen its ecosystem. The company reports teams in the United States, Germany and India and positions the Abu Dhabi hub as a fourth strategic operations center. ZEDEDA offers edge management and orchestration software that reduces the cost of managing distributed edge infrastructure while increasing visibility, security and control. Its platform delivers instant time to value and supports modern AI-based applications with offerings such as ZEDEDA Edge Application Services and ZEDEDA Edge Kubernetes Service. The company reports tens of thousands of nodes under management and said nodes under management grew more than 300% year-over-year. Annual recurring revenue grew more than 250% year-over-year, and ZEDEDA counts 12 Global and Fortune 500 customers, including an automaker standardizing ZEDEDA across 70,000 dealerships, manufacturing facilities and service centers in 153 countries. ZEDEDA plans to use the new funding to expand sales and marketing, accelerate research and development, and continue hiring for sales and engineering roles globally. The company has teams in the United States, Germany and India and has achieved ISO/IEC 27001:2022 certification. ZEDEDA offers an edge management and orchestration platform that enables deployment and connection of cloud-native workloads—such as AI and computer vision—across distributed industrial environments. Its solution integrates with Emerson’s DeltaV automation system to extend DeltaV to the distributed edge and bridge IT and OT. The company is deployed within Fortune 500 firms across manufacturing, automotive, energy, and retail. ZEDEDA has quadrupled its nodes under management since 2021, signalling rapid operational growth. It recently closed a $26 million Series B financing. The firm positions its platform to modernize existing operations by delivering software-defined automation and extending cloud capabilities to the edge. The expanded relationship with Emerson includes both commercial integration and a strategic investment from Emerson Ventures. Zededa offers a software-as-a-service edge orchestration and virtualization stack that manages edge devices, guides deployments, and runs apps on bare-metal hardware or in virtual machines. Its product builds on the Linux Foundation’s EVE-OS and is vendor-agnostic, supporting devices from OEMs like SuperMicro. Use cases include monitoring sensors and security cameras, updating software in cell towers, and industrial deployments across IT infrastructure, industrial automation and oil & gas. The company reports its edge devices under management grew 4x in the past year while revenue grew 7x. Zededa has roughly a 100-person team across the U.S., Germany and India and plans to expand R&D, sales and marketing within the year. Future product focus includes improving ease of use and security, broadening integrations and enabling legacy-application updates and simplified AI/ML solutions. ZEDEDA provides a cloud-native, vendor-agnostic orchestration platform that enables enterprises, OEMs and system integrators to deploy and manage any application on any hardware at the distributed edge. Its as-a-service solution offers visibility, control and security for on‑premises, near‑premises and field edge deployments and supports any cloud or on‑premises system. The company plans to use new capital to scale operations and accelerate R&D, sales and marketing. ZEDEDA announced a highly oversubscribed $12.5M expansion to its Series A and has $28.5M in total funding to date. It expects to more than triple the number of customer edge nodes under management by mid‑2021. ZEDEDA is headquartered in San Jose, CA, with offices in Bangalore and Pune, India.

Participated · Series B · Jul 2023

CoreTigo develops industrial wireless connectivity and automation solutions built on the IO-Link Wireless standard for factory and motion-control environments. Its technology connects robots, conveyors, machine tools and rotating units to enable cable-free designs that increase flexibility, reduce energy and maintenance, and support high-speed operations. The company targets logistics and robotics use cases and offers industrial IoT, machine optimization and data-collection capabilities for demanding environments. CoreTigo says its solutions are adopted by industry leaders and deliver greater modularity, adaptability and productivity while reducing downtime. Management frames its mission as creating more agile, resilient and adaptable manufacturing and logistics systems, and says the Amazon investment is a step to advance that mission. The round expansion led to a Series B1 totaling $18 million, joining Cardumen Capital and other strategic investors. CoreTigo develops IO-Link Wireless solutions designed to support factory digitization and automation. Based in Netanya, Israel and led by CEO Eran Zigman, the company targets machine builders and manufacturers. Its technology enables customers to connect devices and collect data from machines operating in challenging areas. The solutions aim to deliver greater control flexibility over machinery and equipment. CoreTigo positions its offerings to expand production lines' flexibility and capacity in a cost-effective manner. The company recently closed a strategic and financial investment round, indicating external investor support for its growth. CoreTigo develops IO-Link Wireless technology and products that deliver cable-grade wireless connectivity for factory automation, enabling adaptive and flexible machine design, modular production line planning, and full access to data in harsh environments. The company’s solutions target machine builders, system integrators and industrial equipment manufacturers and support sensors, actuators and industrial devices for motion control applications. CoreTigo says its IO-Link Wireless standard is embraced by industrial leaders and fits harsh factory environments. Led by co-founder and CEO Eran Zigman, the company plans to invest the new funding in customer satisfaction and to expand sales and business development globally. The company has raised a total of $27M to date following this round. CoreTigo develops industrial wireless connectivity solutions based on the IO-Link Wireless standard that enable legacy machines to be monitored and connected to the cloud. The company provides manufacturers with wireless technology to optimize industrial operations. CoreTigo was founded in 2017 and is led by CEO Eran Zigman. It intends to use the new funding to accelerate development of its core technology and IP. The company also plans to further build end-to-end solutions and expand its strategic and business partner ecosystem. No operating metrics were disclosed in the article.

Led · Series C · Feb 2023

NevadaNano develops low-power gas sensors and emissions-tracking platforms for methane, hydrogen and flammable gases. Its core hardware is the MPS sensor, which the company says is the lowest-power solution and cannot be poisoned or saturate like traditional sensors; NevadaNano cites seven years of data showing calibration is not needed (bump testing remains best practice). The company offers the MethaneTrack™ platform and proprietary Leak Source Isolation™ software for close-proximity detection, leak localization and quantification. NevadaNano has deployed four MethaneTrack sites in the Haynesville Basin, installing MPS sensors across 63 methane endpoints in one day to monitor tanks, wells, compressors and separators under EPA guidance. It plans to launch a new MethaneTrack platform at ADIPEC and is actively promoting its sensors and platforms in regions including the GCC and at Sensor China. Financially, NevadaNano completed a $30 million Series C to accelerate development of new emissions-tracking technology. NevadaNano develops Molecular Property Spectrometer (MPS) gas‑sensing products that combine multiple MEMS sensors, environmental sensors and algorithms to identify and quantify a wide range of gases. Its technology, licensed from the University of Nevada, Reno, is designed for distribution in homes, offices and outdoor settings to monitor exposure to hazardous gases and to take action to protect health. The company’s first MPS products are sampling to select customers as it prepares for market launch. NevadaNano is led by President Ralph Whitten. Financially, the company has completed a $18M Series B and previously raised $1.5M in a Series A. The new capital will be used to accelerate the market launch of its gas‑sensing products.

Participated · Series A · Feb 2022

Virtual Peaker is a cloud-based distributed energy platform that provides utilities with suites to manage distributed energy resources (DERs), including rooftop solar, wind, residential battery storage, and electric vehicles. The company offers a DERMS suite and is expanding its platform to include Customer Engagement and Forecasting suites. Led by CEO William (Bill) Burke, Virtual Peaker serves modern utilities seeking to manage distributed resources. The company is headquartered in Louisville, KY and employs about 40 people across various locations in the country. Virtual Peaker raised $16.6M in a Series A and plans to use the funds to boost product development, marketing, sales, and other functions.

Participated · Series B · May 2019

Awair designs smart indoor air quality (IAQ) monitoring devices and a software platform for residential and commercial spaces, with integrations for smart homes and an Awair Omni Dashboard and smartphone app for real-time data. The company emphasizes easy-to-use hardware plus actionable analytics to help users identify pollution sources and remediate indoor air. Awair was founded in 2013 and is headquartered in San Francisco with a second office in Seoul. The press release highlights a major strategic investment from Emerson, signaling corporate partnership and commercial channel potential. Awair says its continued growth will enable more users to mitigate indoor air for health and safety in homes, schools, and workplaces. The company also named Dustin DeVan (founder of BuildingConnected) to its board, bringing experience from a startup that raised $52.7M and was later acquired for $275M. Awair builds consumer and enterprise air-quality monitors that measure particulate matter, temperature, humidity and CO2 and feed data into an app that offers tips. Its $199 consumer monitor targets allergy-conscious buyers and design-minded consumers, while its Omni enterprise product also tracks ambient light and noise and streams data to a dashboard. The enterprise dashboard can help automate building infrastructure such as HVAC in response to environmental changes. Awair has been selling consumer IoT devices since 2015 and launched its business product about 18 months ago. The company reports more than 300 enterprise customers, including WeWork, Airbnb, Harvard and The Crown Estate. A primary focus going forward is scaling sales to accelerate enterprise expansion, which has been growing faster than its consumer business.