Participated · Series B · Sep 2025

Formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum, Quantinuum provides end-to-end quantum computing products and services. The company sells hardware and software, developer tools, and applications—its platform includes InQuanto, a tool for computational chemistry. Quantinuum is preparing to launch Helios, a next-generation quantum system intended to advance performance and move toward universal fault-tolerant quantum computing. The firm is expanding its global footprint and has announced partnerships and collaborations to explore hybrid and scalable quantum-classical models. Notable collaborations include work with NVIDIA at the Accelerated Quantum Research Center in Boston and partnerships with RIKEN, SoftBank Corp., Infineon Technologies, and the STFC Hartree Centre. Quantinuum is also expanding regionally with activity in New Mexico, Qatar (including a role in a $1 billion national initiative), and Singapore. Quantinuum is an integrated quantum computing company that develops quantum hardware and advanced software solutions to drive applications in materials discovery, cybersecurity, and next‑generation quantum AI. Led by CEO Rajeeb Hazra and based in Broomfield, Colorado, the company supplies technologies to firms including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. Quantinuum employs almost 500 people, including over 370 scientists and engineers. The company closed a $300m equity funding round at a $5 billion pre‑money valuation, bringing total capital raised since inception to approximately $625m. The round was anchored by strategic partner JPMorgan Chase, with participation from Mitsui & Co., Amgen, and Honeywell, which remains Quantinuum’s majority shareholder. Quantinuum intends to use the proceeds to accelerate the path toward universal fault‑tolerant quantum computers and to extend its software offering to enhance commercial applicability.

Participated · Series B · Apr 2025

Electra develops hybrid-electric Ultra Short aircraft, with the nine-passenger EL9 integrating blown lift technology and hybrid-electric propulsion. The EL9 can take off and land in 150 feet, carry up to 3,000 pounds of payload, and has a range of up to 1,100 nautical miles with in-flight battery recharging. Electra positions the aircraft for dual commercial and defense use, emphasizing quiet operation, lower operating costs versus helicopters and eVTOLs, and the ability to operate from unimproved surfaces. The company reports over 2,200 pre-orders valued at more than $10 billion and has won 20+ SBIR contracts from the U.S. Air Force, Army, Navy and NASA, including a Strategic Funding Increase contract with the U.S. Air Force. Electra has grown to roughly 80 employees and markets the EL9 as the flagship of a future family of hybrid-electric aircraft aimed at enabling "Direct Aviation." The near-term plan centers on moving the EL9 into pre-production and certification. Electra.aero builds clean, hybrid-electric ultra-short takeoff and landing (eSTOL) aircraft intended to carry passengers and cargo. Led by founder and CEO John S. Langford, the company unveiled the EL-2 Goldfinch two-seat technology demonstrator in June 2023. Its planned production eSTOL is designed to carry nine passengers up to 500 miles as a sustainable alternative to regional driving. The company intends to use new funding to further develop its hybrid-electric eSTOL aircraft and advance flight testing. Electra currently holds over 1,200 aircraft pre-orders from more than 30 global customers, including established operators and new entrants. The company will begin flight testing the two-seat technology demonstrator later this summer. Electra.aero builds hybrid-electric ultra-short takeoff and landing (eSTOL) aircraft using patent-pending distributed electric propulsion and blown lift technology. Its designs aim to operate from spaces as small as 300x100 feet and use a small turbine-powered generator to recharge batteries in flight, reducing the need for ground charging infrastructure. Electra is designing aircraft that can carry up to 1,800 pounds of cargo or 7–9 passengers for up to 500 miles, targeting missions from intracity on-demand flights to medical and cargo transport. The company positions its technology as quieter, more environmentally friendly, and lower cost to operate than many vertical takeoff alternatives, and cites support from NASA and the U.S. Air Force Agility Prime program. Electra plans to begin flight testing a full-scale hybrid eSTOL technology demonstrator later in the year, and the company announced strategic investment from Lockheed Martin Ventures to support that work.

Participated · Series E · Mar 2024

Nozomi Networks provides OT and IoT security through a platform that combines network and endpoint visibility, threat detection, and AI-powered analysis to support effective incident response. The company serves customers seeking to minimize risk and complexity while maximizing operational resilience for critical infrastructure. Led by President and CEO Edgard Capdevielle, Nozomi emphasizes OEM-agnostic security solutions in response to escalating attacks on critical infrastructure. The firm intends to use the new funds to scale product development efforts and expand its go-to-market approach globally. Nozomi is based in San Francisco, CA. The company recently completed a significant financing round that strengthens its financial position for growth. Nozomi Networks builds industrial cybersecurity software that detects threats to industrial control systems (ICS) and provides real-time visibility to manage cyber risk and improve operational resilience. Its technology supports almost 50 million devices across sectors including critical infrastructure, energy, manufacturing, mining, transportation and utilities. The company says it doubled its customer base in 2020 and saw a 5,000% increase in the number of devices its solutions monitor. Nozomi competes with firms such as Dragos and Claroty and emphasizes preventing attacks before they hit OT environments. It plans to scale product development and expand go-to-market efforts globally, with specific investments in sales, marketing and partner enablement and product upgrades for OT and IoT visibility and security. The business recently raised a significant pre-IPO financing to fund those efforts following a Series C earlier under two years prior. Nozomi Networks provides OT and IoT security and visibility solutions that deliver operational visibility, advanced threat detection and operational insight for industrial control networks. Its products are deployable onsite and in the cloud and span IT, OT and IoT to automate inventorying, visualizing and monitoring through the use of AI. The company’s solutions currently support more than 17 million devices in thousands of installations across energy, manufacturing, mining, transportation, utilities, building automation, smart cities and critical infrastructure. Nozomi aims to extend IT, OT and IoT cybersecurity services across public and private sector enterprises in the UAE and the broader MENA region through a partnership with Forward Investments. To date the company’s total funding exceeds $54M, with backers including GGV Capital, Lux Capital, Energize Ventures, Planven Investments and Telefónica. The company emphasizes securing modernization of critical industrial infrastructure and accelerating digital transformation for utilities and other OT sites. Nozomi Networks delivers security and operational visibility for OT and IoT environments, using AI to automate inventory, visualization and monitoring of industrial control networks. Its products can be deployed on‑premises and in the cloud and span IT, OT and IoT environments. The company supports more than 3.6 million devices across over 2,400 installations and operates in 16 countries. Use cases extend beyond cybersecurity to troubleshooting, asset management and predictive maintenance. Nozomi is positioned as a market leader in OT/IoT security and detection and partners with service providers to reach industrial customers. The company has raised more than $54 million in total funding to date from investors named in the article. Nozomi Networks builds security products for industrial control systems, emphasizing passive threat and anomaly detection that combines behavior-based and signature-based approaches, and offering an active detection option for specific threats. The company says it secures more than 300,000 industrial devices and counts hundreds of hydroelectric and gas distribution facilities among its customers. Management plans to continue investing in product and R&D while prioritizing awareness, sales, reach, and technical support to expand its customer base. This year the company has expanded its global footprint to target markets including Canada, the UK, and Germany. The rise in connectivity of ICS systems and growing threats to critical infrastructure form the backdrop for demand in Nozomi’s offerings. Financially, Nozomi has completed multiple raises this year and reported a valuation of about $150 million after an earlier round.

Participated · Series B · Sep 2023

Lyten is an advanced materials company founded in 2015 in San Jose, California that is commercializing LytCell lithium-sulfur batteries enabled by its Lyten 3D Graphene® technology. The chemistry promises three times the gravimetric energy of lithium-ion cells, wide operating temperature ranges, a cycle life exceeding 1,400 cycles under DoD tests, and elimination of cobalt and nickel. The firm is building a pilot production line expected to produce more than 200,000 pouch, cylindrical, or prismatic cells per year. Target markets include electric vehicles, e-aviation, small satellites, and broader aerospace and defense sectors. All sourcing and manufacturing are planned to be U.S.-based, yielding a lower-carbon battery with national-security provenance. To finance scale-up, the company has secured multi-million-dollar government contracts, including a recent NSIC award and an Other Transaction agreement with the Defense Innovation Unit, providing non-dilutive capital for rapid commercialization.

Participated · Series A · Apr 2023

infiniDome develops GPS protection and resilient navigation solutions, notably the GPSdome2 product line, to keep manned and unmanned platforms operational in GPS‑challenged or denied environments. The company’s technology centers on redefined EW algorithms and a proprietary RFIC chip designed for favorable C‑SWaP (cost, size, weight, power) tradeoffs for small and medium platforms. Its solutions fuse data from multiple sensors — anti‑jamming modules, INS, radar, GPS integrity and attack monitoring tools — to provide full navigation resiliency. infiniDome targets defense customers today (including US DoD, Israeli primes, ROK armed forces and Indian armed forces) and plans to expand into commercial UAV/AAM markets. The team has grown to 26 employees and the company emphasizes partnerships and co‑development with strategic investors. Financially, the company has raised a $9M Series A and had prior funding including $7M in earlier raises plus $1.5M from the Israel Innovation Authority. infiniDome provides front-end cyber solutions protecting wireless communications from jamming attacks, tailored for drones/UAS, vehicle fleets, critical networks and defense applications. The company says proceeds from its recent pre-Series A will help scale customer engagements in Commercial Aircraft, UAS/UAV and UAM market segments. Recent milestones include successful UAS flight trials under GNSS jamming scenarios as part of the NA'AMA initiative and selection of its technology by Easy Aerial for global security and defense solutions. infiniDome is developing a next‑generation GPSdome in a small package, an IoT sensor for critical assets, and a cloud-based management system for monitoring and protecting GNSS-dependent stationary and mobile assets. Investors including Next Gear Ventures and Honeywell Ventures signaled confidence in the company and its GPS protection technology. The company announced a $2.4 million financing to expand deployments and customer engagements. infiniDome develops GPS cyber-attack detection and protection solutions, including OtoSphere, which it describes as the world's first solution tailored for commercial and consumer vehicles. The company's patented Phased-Array Anti-Jamming technology protects GPS-dependent applications from inexpensive jammers and targets autonomous vehicles, drones, connected fleets, cash-in-transit, high-end cargo transport, and critical infrastructure. infiniDome reports multiple units sold in 20 countries and says its products have been successfully proven in the field. The company closed a $1.6 million Seed round and has opened a Pre-series A round. Seed investors include Boundary Holding (India and Luxemburg), Next Gear Ventures (Israel), and Aston Partners (New York). Management intends to use the Seed funds to ramp sales and marketing and to design the next product as it seeks further penetration of the UAV/UAS, fleet, and critical infrastructure markets.