Participated · Equity · Aug 2026

Databricks operates a cloud data platform and AI products, with its core cloud data warehouse generating $1.5 billion of its annualized run-rate revenue and growing 100% year-over-year. The company reported a $7 billion annualized run-rate revenue figure while growing at roughly 80% and being cash-flow positive. Databricks launched Lakebase in June 2025, which has reached a $100 million revenue run-rate, and its AI chatbot tool Genie is described as highly popular. The company maintains a roughly 100-person AI research team and faces multi-billion-dollar cloud commitments with major hyperscalers. Databricks has been active on the M&A front, acquiring companies including Electric (PGlite) and AI cybersecurity firm Panther, and it says it plans to continue investing in AI and acquisitions while remaining open to a future IPO.

Participated · Series G · Aug 2026

Form Energy develops iron-air long-duration batteries capable of delivering up to 100 hours of discharge. Its chemistry relies on iron oxidation and reduction, enabling lower-cost storage by avoiding higher-priced minerals like lithium, cobalt, and nickel. The company has secured large commercial customers including Google, Crusoe, Xcel Energy, and FuturEnergy Ireland and reports a commercial project backlog of about 80 gigawatt-hours. About 80% of the company’s materials supply is sourced from the U.S., with the remainder from Europe and Asia. Form is expanding manufacturing capacity in West Virginia following its recent financing. The company’s positioning and technology aim to address growing demand for long-duration storage as U.S. electricity demand rises and renewable generation expands.

Participated · Series C · Aug 2026

Founded in 2020 in Nigeria and now headquartered in Dubai, Moove started as a vehicle-financing startup and expanded into ride-hailing and deliveries in Africa before moving into autonomous vehicle operations in 2023. The company currently owns and operates a 42,000-vehicle human-driven ride-hailing fleet across 14 countries and employs about 3,300 people globally while continuing to provide vehicle financing to gig drivers. Moove serves as the fleet operator for Waymo in Phoenix, Miami and Las Vegas and plans future operations in London; it also already owns robotaxi vehicles from another AV developer. The firm intends to acquire robotaxis via debt financing and aims to scale to potentially hundreds of thousands of vehicles over time. Moove is investing in automated depots called Nests to enable around-the-clock, robotics-assisted charging, maintenance and servicing, and expects its traditional mobility business to achieve full profitability this year.

Participated · Seed · Jul 2026

Glacis Labs builds the clearing layer for digital assets through its flagship product, ZeroDelta, a multichain clearinghouse that matches, nets, and settles digital asset flows with non-custodial, atomic delivery. ZeroDelta sits above bridges and transport layers and leverages underlying components called Glacis Core (a cross-chain messaging layer) and AirLift (the token transport layer) to handle routing and chain-to-chain movement. The company reports that ZeroDelta has cleared over $1 billion in lifetime volume and operates at a $1.5 billion annualized run rate across more than 40 chains. Glacis initially focuses on stablecoins given current volume and serves stablecoin issuers, financial institutions, and protocols building on tokenized assets. The firm states its architecture is asset-agnostic and intends to extend into tokenized securities, real-world assets, and FX as those markets mature. The company positions its product as providing final, auditable settlement to reduce slippage, custody risk, and fragmented audit trails that limit institutional adoption.

Led · Seed · Jun 2026

Cambrian provides real-time and historical blockchain data via an API covering yield, risk, lending rates, trading activity, liquidity positions and market sentiment, and is building a verifiable oracle network to serve institutions and AI agents. The platform has processed millions of API calls, currently indexes $4.5 billion in lending total value locked across the four largest lending protocols, tracks 1,789 vaults across 895 curators, and monitors over 320,000 decentralized exchange pools across Base and Solana. Cambrian is in private beta, with TrueNorth as a close design partner using its trading data in production. The company supports Base and Solana in production and plans to add Ethereum mainnet and additional blockchains. Revenue plans include SaaS subscriptions, enterprise contracts, and support for agent-based payment systems such as x402. The team includes former employees of Edge & Node and Semiotic Labs.