Led · Seed · Jul 2026

Frenos provides an OT security platform that builds a digital twin of a customer's network and uses its AI reasoning agent, SAIRA, to run fully simulated penetration tests that mimic attacker behavior without scanning hardware or risking production. The platform prioritizes exploitable attack paths and reduces assessment time from months to minutes with zero operational impact. Frenos reported strong growth metrics: ARR up more than 10x since early 2025, 215% revenue growth in H1 2026, a 2.7x year-over-year increase in pipeline, a fivefold rise in average deal size, and 2026 bookings already quadrupling full-year 2025. In one customer environment, SAIRA analyzed over 12,000 OT vulnerability findings and surfaced the eight that were actually exploitable, cutting remediation noise by 99.9%. The company is launching SAIRA Co-Work to provide a persistent OT security co-worker and is researching a next-generation foundation model for long-context reasoning and autonomous workflows. Frenos is based in Fulton, Md.

Participated · Seed · Apr 2025

Xaba develops AI 'synthetic brains' that give industrial robots and cobots cognition and awareness without coding. Its core product, xCognition, enables robots to autonomously generate programs and execute complex tasks such as welding, drilling, assembling, and additive manufacturing. Xaba also offers xTrude, which optimizes large-scale FDM 3D printing to prevent delamination, collapse, and distortion and to fine-tune print parameters in real time. The company says its AI has improved aerospace, automotive, and manufacturing workflows by eliminating costly rework and manual adjustments, with use cases in aluminum casting/forging optimization, large-scale robotic drilling, and robotic welding. Xaba plans to use the newly raised funds to accelerate deployment of AI-powered robotics and cognitive industrial control systems. The company is led by CEO Massimiliano Moruzzi. Xaba builds AI-driven cognitive software platforms (xCognition and xTrude) that model the elasto-mechanical-dynamic behavior of robotics and workpiece variances to automate robot programming and deployment. Its xCognition solution uses proprietary machine learning and rules-based language models to eliminate manual coding, increase accuracy and throughput, and reduce deployment time and costs. The company says its platforms enable tasks such as drilling, welding, assembling, riveting, and related high-precision manufacturing operations with reduced human supervision. Xaba is Toronto-based and describes its intellectual property as empowering robots with synthetic cognition to enable new processes and materials. It has demonstrated performance improvements in partnership with Lockheed Martin and Rolleri Robotic. With the new funding, Xaba plans to establish and staff a robotics lab and accelerate delivery of its two manufacturing platforms. Xaba builds two proprietary industrial AI platforms — xCognition for robotic CNC tasks and xTrude for large-format FDM additive manufacturing — to enable autonomous, high-accuracy fabrication. Its software models the physics of robotics and FDM processes to reduce programming, supervision, failures, and waste while improving repeatability and execution quality. The company says its platforms remove the need for constant human supervision and can automatically optimize process parameters across entire toolpaths. Xaba has validated its technology with partners in aerospace and automotive projects across the U.S., Canada, and Europe, including producing the world’s first 3D-printed chassis for Project Arrow and work on a flying car. The company plans to use new funding to accelerate development of xCognition and xTrude, launch pilot programs, and expand sales, deployment, and customer support teams. Xaba is Toronto-based and led by CEO Massimiliano Moruzzi.

Led · Series A · Oct 2024

Oloid provides identity and access management solutions focused on deskless and frontline workers, using multi-modal biometric authentication and integrations with HR, IT, and cyber and physical systems. The platform aims to establish a unified security framework and modernize physical security without costly infrastructure overhauls. Oloid integrates with existing systems to enable features such as the OLOID Time Clock linking to workforce systems. Customers include Flex, Tyson Foods, and Honeywell. The company has achieved Workday Innovation Partner status and a Workday Certified Integration connecting Workday HCM and Time Tracking with its Time Clock. Led by CEO Mohit Garg, Oloid intends to use new funding to expand operations and accelerate product development. Oloid builds a software-first physical identity platform that integrates with existing on-prem access control systems to enable mobile access and contactless biometrics via a mobile app. Its product offers cloud-enabled features such as remote management, pre-built API integrations, advanced analytics and simplified user management while coexisting with existing locks, badge readers and access control systems. The company is offering a self-install retrofit product and is running a Beta program in which retrofit upgrades are being offered at no cost. Oloid positions its solution as a SaaS-style replacement for hardware-centric access control to reduce capital expenditure and installation friction. The company plans to use new funding to expand its retrofit access control product portfolio and to build nationwide sales and marketing operations. Mohit Garg, Co-founder and CEO, said the round will help extend compatibility with a wider range of badge readers and access control systems. Oloid offers a COVID-era contactless biometrics platform, FaceVault, that enables frictionless facial authentication for time clocks, doors and turnstiles without replacing existing infrastructure. The platform detects PPE face masks and can prompt for voice recognition or QR codes when confidence is low; it also supports temperature scanning to identify elevated body temperature at access points. Oloid integrates with standard tablets, leading time-and-attendance systems and most physical access control systems (PACS). The company emerged from stealth and launched nationwide after a private beta begun in 2018 that included thousands of workers and deployments with customers such as Flex. Oloid emphasizes a privacy-forward architecture: facial images are converted to encrypted numerical codes, source images are discarded, and end-users can manage consent and view identity-use logs. The company recently closed a $5M seed round and is headquartered in Sunnyvale, CA.

Participated · Series A · Apr 2024

HighByte is a Portland, ME-based industrial software company that develops the HighByte Intelligence Hub, an Industrial DataOps solution that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The Intelligence Hub was first released in 2020 and has been deployed in 18 countries by more than 60 industrial companies with multi-plant facilities. Led by CEO Tony Paine, the company plans to use new funding to invest in research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts. The $12M Series A financing provides capital to support those initiatives and to expand global partnerships and talent recruitment. Management characterized the investment as validation of the company's mission and essential for the next stage of growth. Ben Sampson of Standard Investments will join HighByte's board of directors. HighByte develops an Industrial DataOps product, HighByte Intelligence Hub, that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. The company targets manufacturers across verticals—pharmaceuticals, food and beverage, paper and packaging, and industrial products—and says it has proven product-market fit in the past 12 months. HighByte reports deployments in 10 countries by dozens of major manufacturers with multi-plant facilities, and its product was first released in January 2020. The company plans to allocate new funds to R&D, sales, marketing, and customer success to accelerate market penetration and expand deployments within existing accounts. HighByte positions its software to drive industrial operations effectiveness by delivering trusted, ready-to-use data for sites and enterprise-wide operations. The company is headquartered in Portland, Maine. HighByte builds a DataOps solution purpose-built for industrial environments, targeting data architecture and security challenges created by Industry 4.0 at the Edge. The product is designed to manage assets, products, and processes at the Edge to improve industrial data flows and security. The company was co-founded by John Harrington, Tony Paine and Torey Penrod-Cambra and is based in Portland, Maine. Prior to this round, HighByte was funded through founder contributions and received $100K in grants from the Maine Technology Institute. In March 2020 HighByte raised $875K in pre-seed funding, structured as $625K in convertible debt matched by a $250K long-term, low-interest loan from the Maine Technology Institute. The company plans to use the funds for business development and to add R&D headcount in 2020.

Led · Seed · Feb 2023

Founded in 2021 as a University of Chicago technology spin-out and led by Chairman and CEO Charles Foley, memQ develops quantum networking solutions to enable scalable, distributed quantum computing. Its memQ xQNA portfolio includes quantum network interface controllers (QNICs), quantum memory modules (QMMs), a quantum control system (QCS), and a distributed quantum compiler (xDQC). These components are intended to allow heterogeneous quantum computers to join networks without collapsing quantum states, provide stable quantum memory for entanglement operations, orchestrate qubit and entanglement operations, and distribute workloads for optimal performance. The company emphasizes standards-based connectivity across optical links to enable modular growth, scale-out configurations, cooperative processing, and blind cloud quantum computing. memQ’s portfolio targets secure, high-fidelity, low-loss connectivity across local, campus, metro, and wide-area quantum compute resources. The company announced a $10M Series A in March 2026 co-led by Quantonation and Ocean Azul Partners.