Participated · Equity · Feb 2026

Rapidus was founded in August 2022 and is led by CEO Atsuyoshi Koike. The company is developing advanced logic chip manufacturing at its IIM-1 facility in Chitose, Hokkaido, with plans to begin 2nm mass production by fiscal 2027. Rapidus works with IBM on process development and with IMEC in Belgium on broader R&D, and NEDO is involved in design projects alongside Fujitsu and IBM Japan. It was initially backed by eight major Japanese companies — Toyota, Sony, NTT, NEC, SoftBank, Denso, Kioxia, and MUFG — and early confirmed customers include Fujitsu and Tenstorrent. The government has become a major backer through sizeable R&D support and a February 2026 investment that left it with 11.5% of voting rights and a golden share veto. Rapidus is positioning itself as an alternative foundry offering small-volume, quick-turnaround services, but faces challenges securing steady customer orders and improving yields given competitors like TSMC and Samsung began 2nm volume production in 2025.

Participated · Series D · Jul 2024

Cohere builds enterprise-grade AI and large language model capabilities with a platform designed for deployment across public clouds, private environments, and on-premises infrastructure. The company has raised roughly $1.6 billion from investors such as Nvidia, AMD Ventures, Salesforce Ventures, Oracle, Cisco, Radical Ventures, Inovia Capital, and PSP Investments. Cohere announced plans to merge with Aleph Alpha to create a transatlantic sovereign AI provider anchored in Germany and Canada, with deployment of the sovereign offering on STACKIT, Schwarz Digits’ cloud infrastructure. The merger and the $600 million structured financing commitment from Schwarz Group are aimed at serving governments and regulated industries seeking AI sovereignty. Both Cohere and Aleph Alpha were founded in 2019, and the combined entity is positioned to offer an alternative to dominant US-based AI providers.

Led · Series B · Nov 2017

1QBit develops software and algorithms that apply both quantum and classical hardware to computationally intensive industry problems, offering a hardware-agnostic platform from SDK to web API. The company focuses on machine learning, optimization methods, and simulation for domains including advanced materials, life sciences, energy, and finance. 1QBit works directly with Fortune 500 clients such as DowDuPont and Biogen and partners with leading hardware providers. Over the last four years it has grown into a multidisciplinary team of over 50 researchers, software developers, and industry experts. The company plans to use its latest investment to continue expanding its research and software development teams. 1QBit is headquartered in Vancouver, British Columbia.

Participated · Equity · Jan 2012

SuVolta develops and licenses transistor and design technologies that enable optimum power and performance for integrated circuits. Its Deeply Depleted Channel (DDC) technology offers designers flexibility to create low-power products across processors, memories and SOCs used in mobile systems. The company targets ultra-low power applications including DRAM, Internet of Things (IoT) and mobile computing. Led by president and CEO Bruce McWilliams, SuVolta focuses on integrating its low-power chip technology into IC design and fabrication. It secured $10.6M in funding to accelerate that integration. The company is based in Los Gatos, California. SuVolta has developed the Powershrink transistor manufacturing process to cut chip power requirements, making the resultant chips well suited for handsets and tablets. The company has worked with Fujitsu to help execute the technology. SuVolta came out of stealth in June 2010 after an initial $22M funding round that year. The new financing is intended to fund additional production work and promote the Powershrink technology. Management has emphasized maintaining financial independence as semiconductor investment declines and larger incumbents dominate R&D spending. To date the company has raised nearly $40M in disclosed capital.