Participated · Series A · May 2023

Stathera develops MEMS-based silicon timing products built on its proprietary DualMode® architecture, aiming to replace legacy quartz timing in a range of electronics from smartphones and wearables to AI data centers. Its GEN2 32.768 kHz product line is moving into mass production and broader GEN2 portfolio products are sampling with Tier 1 OEMs. Stathera's silicon oscillators are manufactured in standard semiconductor fabs and are positioned to offer smaller footprint, higher reliability, improved shock and vibration resilience, and no external load capacitors compared with quartz. The company is launching a GEN3 program purpose-built for the performance and reliability demands of AI-CED applications and is targeting first customer samples in 2028. Stathera positions the AI data center timing opportunity as a fast-growing segment within an estimated US$11 billion annual timing market and cites an industry estimate that AI data center time-synchronization could represent a cumulative US$1.5 billion opportunity by 2030. The company is headquartered in Montreal and has raised US$75 million in total funding following the Series B.

Participated · Equity · Nov 2022

Elephantech has developed SustainaCircuits, an additive PCB manufacturing technology that uses nanomaterials, high-precision inkjet printing, and optimized processes to form circuits directly on substrates. The company targets the large general multilayer PCB segment within a roughly ¥10 trillion PCB market and in 2024 developed inkjet printing equipment and advanced materials (copper nanoink and primers) for that segment. Elephantech says SustainaCircuits can reduce CO2 emissions by about 75%, water use by about 95%, and copper usage by about 70% versus conventional subtractive methods. The company has been progressing evaluations and verification toward introducing the technology into PCB manufacturers' mass-production lines. Following the Series F participation and partnership with Mitsubishi Electric, Elephantech plans to strengthen manufacturing and sales capacity for its printing equipment and accelerate global deployment and industry standardization of its technology. The company is headquartered in Chuo-ku, Tokyo.

Participated · Series C · Feb 2022

RightHand Robotics is a Boston-based company that develops pick-and-place systems for warehouse order fulfillment, most recently the RightPick 3. The firm has logged extensive real-world hours and counts international customers such as Japanese wholesaler Paltac and European pharmacy apo.com. Its systems are deployed to automate picking operations for wholesalers and retailers. RightHand has previously raised from investors including GV, Menlo and Playground Global and has amassed around $100 million in funding to date. The company plans to use new capital for hiring, expanding office space and further global scaling. Market tailwinds including COVID-driven logistics demand, supply-chain strain and labor shortages have increased interest in warehouse automation, supporting RightHand’s growth prospects. RightHand Robotics develops a dexterous, high-speed pick-and-place robotic arm and gripper for fulfillment centers. Investors have highlighted the system’s dexterity and speed. The company announced a $23 million Series B and has raised roughly $34 million in total, including an $8 million Series A last year. RightHand says it will use the funding to build out its technical and business teams. The product targets a long-standing robotic picking problem that has become more pronounced with the growth of fulfillment centers and competitive moves like Amazon’s purchase of Kiva Systems. As part of the round, former Kiva CEO Mick Mountz will join RightHand’s board of directors. RightHand Robotics, based in Somerville, MA, has developed RightPick, a combined hardware and software solution for picking individual items. Led by co-founder Leif Jentoft, RightPick pairs a sensorized robot hand with a machine-learning backend. The system integrates with industry-leading robotic arms to handle thousands of different items. The company targets e-commerce order-fulfillment across pharmaceuticals, electronics, grocery, apparel and other industries. RightHand plans to use new capital to expand product development, hiring and marketing. The article reports the company raised $8 million in a Series A round.

Participated · Series A · May 2021

SiLC Technologies develops integrated single-chip FMCW (coherent) LiDAR solutions and silicon-photonics-based vision systems for AI-based machine vision. Its flagship products include the 4D+ Eyeonic Chip and the Eyeonic Sensor and Vision System, which the company says deliver long-range, high-precision coherent LiDAR with velocity measurement. SiLC positions FMCW LiDAR as superior to time-of-flight sensors because it resists interference, detects dark or distant objects at up to a kilometer, and measures object velocity to predict movement. The company targets robotics, mobility, perimeter security, industrial automation and other markets and emphasizes low-cost, low-power and scalable silicon photonics for high-volume automotive production. SiLC was founded in 2018 and has been recognized by Frost & Sullivan and Gartner for its 4D LiDAR chip and silicon-photonics innovations. Investors in the company include Dell Technologies Capital, Sony Innovation Fund by IGV, FLUXUNIT – ams OSRAM Ventures, Alter Venture Partners and Epson; a recent investment from Honda is intended to accelerate automotive-focused development. SiLC Technologies develops silicon photonics-based FMCW LiDAR solutions, including its 4D+ Eyeonic Chip and the Eyeonic Vision System, designed to provide coherent machine vision across ranges from short distances to over 1 km. The company has introduced four versions of its FMCW LiDAR-based Eyeonic Vision System and emphasizes AI-driven perception for machines. SiLC says its Eyeonic Chip integrates all photonics functions needed for a coherent vision sensor, offering a tiny footprint with low cost and low power. The new funding will be used to expand production to support design wins and to continue product development and application deployments in mobility, robotics, smart cameras, security, industrial automation, and related markets. SiLC highlights milestones in chip integration, precision, resolution performance, and range detection as drivers of customer engagement. The company was founded in 2018 and is based in Monrovia, California. SiLC Technologies develops silicon-based semiconductor imaging chips and provides development systems for customers in mobility, industrial machine vision, robotics, augmented reality and consumer markets. The company uses a proprietary silicon-based fabrication process and automated IC-style assembly to produce compact solutions. Founded in 2018 by CEO Mehdi Asghari, SiLC is based in Monrovia, California. Over the last year it has supplied development systems to multiple customers across those end markets. The company plans to use new funding to expand operations, accelerate product development and secure additional production design wins ahead of pre-production and product launch activities. Its recent financing brings its total capital raised to support those next-stage commercialization efforts. SiLC Technologies is a developer of integrated single-chip FMCW LiDAR solutions focused on its silicon photonic 4D+ Vision Chip platform. The company’s 4D+ Vision Chip has demonstrated ranges beyond 300 meters and is positioned for a wide range of applications. SiLC uses a proprietary silicon-based semiconductor fabrication process and standard automated IC-style assembly to produce compact, cost-effective, and robust devices. The company plans to scale R&D and operations to further develop its FMCW silicon photonic 4D+ Vision Chip platform. Financially, SiLC closed a $12M seed funding round to support those efforts. SiLC was founded in 2018 by CEO Mehdi Asghari and is based in Monrovia, California.