Participated · Series A · Jun 2026

General Intuition builds a single agentic model that learns spatial-temporal reasoning from hundreds of millions of hours of gameplay and associated action labels provided via Medal. The company uses a frame-by-frame generated world model as a training environment and has demonstrated transfer from gameplay to simulation to physical embodiments such as a quadruped robot and drones. It has a handful of customers in gaming, simulation, and robotics and is pursuing a data flywheel strategy that prioritizes partners capable of providing diverse real-world data. General Intuition recently launched Nerve, a jobs marketplace that lets gamers earn money through tasks like data labeling and robot teleoperation. The firm emphasizes ethical limits on use—declining lethal autonomy—and plans to broaden access to its models via a public API by the end of the summer. Financially, the company has raised $454 million in disclosed funding after the latest $320 million round and is directing most new capital toward scaling compute infrastructure.

Participated · Series C · Mar 2026

Xona is developing Pulsar, a Low Earth Orbit PNT constellation designed to provide centimeter-level positioning, stronger signals, and military-grade encryption while remaining compatible with existing GPS devices. The company plans a full constellation of 258 satellites and says its satellites fly closer to Earth and broadcast signals that are substantially stronger than legacy GNSS systems. Xona reports over a dozen commercial receiver partners already tracking Pulsar signals, with field testing underway across critical infrastructure, construction, agriculture, and IoT applications. Early customers in timing-critical sectors are expected to benefit from initial constellation coverage as soon as 2027. To support rapid deployment, Xona is building a manufacturing facility in Burlingame and expanding operations in Montreal and London, aiming to produce satellites at a cadence the company says will outpace traditional national production rates.

Led · Series A · Dec 2025

Headquartered in San Francisco and led by CEO Jay Dawani, Lemurian Labs has built a platform that combines compiler technology with runtime orchestration to let developers write AI code once and deploy it on any hardware. Its hardware-agnostic approach promises faster deployment cycles, greater flexibility and lower infrastructure costs at scale. The company is positioning the platform for organizations seeking sustainable compute and open AI innovation. Fresh capital will be directed toward expanding the engineering team, accelerating product development and deepening partnerships across the AI ecosystem. Although specific revenue or user figures were not disclosed, the company previously completed a seed round in 2022. Lemurian Labs believes its technology can reduce the friction of moving AI workloads between edge devices, cloud instances and on-prem servers, potentially widening its addressable market.

Led · Series D · Nov 2023

Divergent Technologies has developed proprietary, large‐format metal 3D printers capable of fabricating up to 600 distinct parts used in missiles and other defense systems. Its core business today centers on supplying metal missile airframes and other high-spec components to customers such as Lockheed Martin, RTX, and General Dynamics. By tightly integrating software, hardware, and automated post-processing, the company positions itself as a faster, more flexible alternative to traditional defense supply chains. Divergent plans to use its additive manufacturing platform to address broader defense and industrial applications over time. With fresh capital, it will expand its Los Angeles manufacturing site and begin construction of a new factory in Oklahoma slated to break ground next year. The latest financing values the company at $2.3 billion, reflecting strong investor confidence in on-shore defense manufacturing capabilities.

Participated · Equity · Jan 2023

PayMedix provides a payments and consumer engagement platform that guarantees full and prompt payment of in‑network allowed charges to participating healthcare providers, serving patients, providers, employers and TPAs. The platform gives all consumers a simplified summary of their healthcare activity and acts as a financial safety net, regardless of patients' credit histories. PayMedix can be implemented with any PPO or HMO network and has processed more than $5 billion in medical payments for hospital systems and physician practices. The company says it has grown 40% over the last 18 months and is enhancing its fintech platform to offer a complete solution for the healthcare payment equation. Future plans in the article include further platform development, increased staffing, and geographic expansion to meet rapidly growing demand from providers and employers. PayMedix began as the financing arm of Wisconsin‑based Health Payment Systems (HPS) more than a decade ago. Health Payment Systems (HPS), founded in 2005 and based in Milwaukee, provides healthcare billing and payment technology and services centered on its patented SuperEOB® and advanced electronic data interchange (EDI). The SuperEOB consolidates and transmits claims and payment information between stakeholders to produce a single monthly statement and payment for consumers. HPS’s platform enables outsourced billing and collections and faster payment for providers, and aims to improve customer service for insurers and employers. The company has processed over $1.6 billion in claims and its provider network encompasses over 96 percent of healthcare providers in Wisconsin; it is a partner to all major health plans and practitioners in the state. HPS says it will use the new capital to accelerate growth of existing products and to expand its product offerings as it pursues expansion beyond Wisconsin.