• ThayerMahan

  Participated · Series C · Apr 2023

  ThayerMahan delivers autonomous maritime surveillance solutions including deployment, operations, data gathering and analysis services for government and commercial clients. The company integrates acoustic and electronic sensors on a variety of host platforms tailored to specific mission criteria. It leverages expertise in underwater acoustics, artificial intelligence, remotely piloted systems, and maritime autonomy. Led by CEO Mike Connor, ThayerMahan operates from its headquarters in Groton, CT with additional locations in Lexington and New Bedford, MA, Norfolk, Virginia Beach, and Arlington, VA. The company intends to use the new funding to expand operations and broaden its business reach. Current financial activity includes a recent follow-on capital infusion to support growth plans. ThayerMahan delivers maritime domain data solutions by deploying and operating a portfolio of unmanned autonomous sea-based systems. Its proprietary AI technology stack collects and curates datasets, analyzing and accelerating the speed of data comprehension for customers. The company serves sectors including maritime security, defense and intelligence, subsea infrastructure, offshore energy, living marine resources, and acoustic sciences. ThayerMahan is led by CEO Mike Connor and was founded in 2016, operating from Groton, CT. The company intends to use new capital to expand operations and broaden its business reach. Recently it completed a $30M Series C financing to support those plans. ThayerMahan provides turn‑key autonomous marine solutions that integrate state‑of‑the‑art acoustic and electronic sensors on a variety of host platforms to meet specific mission criteria. The company offers deployment, operations, data gathering and analysis services and a 'Search as a Service' product for government, industry, and academia. ThayerMahan leverages advances in robotic miniaturization, global digital communications, and artificial intelligence to reduce costs and augment traditional maritime operations. The firm emphasizes domain expertise, with roughly half its team drawn from former U.S. Navy and U.S. Coast Guard personnel and leadership from the submarine and undersea surveillance communities. ThayerMahan is headquartered in Groton, CT, with satellite presences in Boston and Washington, DC. The company intends to use new capital to accelerate growth through acquisitions and to expand operations and R&D.

• Torngat Metals

  Participated · Equity · Nov 2022

  Torngat Metals is focused on developing the Strange Lake rare earth project, described as the largest project in North America containing the most important rare earths for electrification. The project targets production of high-purity rare-earth oxides used in permanent magnets for electric motors and other low-carbon technologies. The company plans to use the recent investment to complete a pre-feasibility study (PFS) and a bankable feasibility study (BFS), create a path to separation of specific rare earths by mid-decade, and then progress to mine-site construction and production. Project financing for construction and production is estimated at about US$650 million. Torngat emphasizes ESG-I engagement and says it will collaborate with local communities, governments, supply-chain partners, universities, researchers, and ESG-I organizations. The company describes Québec as a favorable mining and value-added processing jurisdiction for advancing critical and strategic minerals supply chains.

• Metalenz

  Participated · Series B · Oct 2022

  Metalenz, which appeared in 2021, replaces traditional multi-element lens stacks with a complex, nearly-2D surface that captures light through a single lens to enable much smaller imaging modules. Its sensors are optimized not for conventional high-quality RGB photos but to provide depth, object and material recognition and other computational-sensing data. The company has moved beyond lab prototypes and is already shipping orders in the millions, enabled by a manufacturing partnership with integrator STMicroelectronics. Metalenz says it has module designs that can fit a wide range of form factors and has locked another buyer for its original imaging device expected to hit the market in 2023. Earlier in the year it announced PolarEyes, a polarized-light sensing product that can detect materials/textures and provide limited depth perception, positioned as a cheaper, thinner facial-recognition alternative. Metalenz is directing the new funding toward testing, scaling PolarEyes, and expanding production and customer testing. Metalenz designs meta-optic lenses and 3D sensors manufactured on semiconductor foundries, using patterned structures far smaller than a human hair. The company’s core product is a flat, meta-optic lens that can combine multiple optical functions into a single thin surface and enable brighter, higher-quality infrared and 3D imaging. Metalenz holds an exclusive worldwide license to foundational metasurface IP from Harvard’s Capasso Lab and says it has 15 issued patents and a decade of research behind the technology. The startup is fabless, focusing on design and engineering while tapping contract manufacturers to mass-produce its sensors. The new funding is intended to scale production and accelerate development of its miniature optics and lens technology for smartphones, consumer, health care, and automotive use cases. Metalenz says it is already engaged with several of the world’s largest manufacturers, from OEMs to subsystem makers, and aims to enable under-display sensors and improved battery life for devices. The company was cofounded in 2017 by Robert Devlin and Federico Capasso and is based in Boston.

No current team members are available.